How Many Places Are Paid On An Each-Way Bet?

If you’re new to betting on horse racing, you’re probably wondering how many places are paid out on an each-way bet?

The Quick Answer

How Many Places Are Paid On An Each-Way Bet?

The number of places paid on an each-way bet varies depending on the number of runners and/or the type of race it is.
However, some bookmakers do have the option of offering enhanced each-way terms to make betting with them more attractive to punters.

Each-Way Betting On Horse Races With 2-4 Runners

If a horse race has two, three, or four runners, each-way betting is normally unavailable. This means bookmakers will only pay out on the winner of these types of races. The only time bookmakers would generally pay out each-way on the second and/or third or fourth horses is if you had placed an ante-post each-way bet on the race when the each-way place terms were two, three, or four places at the time you struck your bet.

If you place an each-way bet on a horse race with more than four runners, but non-runners reduce the field to four or less horses, your each-way bet will normally become a win-only bet. For example, if you had placed a £10 each-way bet, it would then become a £20 win bet on your selection.

Each-Way Betting On Horse Races With 5-7 Runners

In horse races where there are five, six, or seven runners, bookmakers will normally pay each-way on two places at ¼ odds. For example, if you had £10 each-way on a horse at 4/1 that finished first, you would have £10 win at 4/1 and £10 place at even-money (¼ of 4/1). If your horse wins, you would get back £70, including your stake. If your horse finished second, you would get back £20.

Each-Way Betting On Horse Races With 8-15 Runners

The standard each-way betting terms for a horse race with 8-15 runners are three places at 1/5 odds. But this only applies to races that aren’t handicaps. If the race is a handicap with 12-15 runners, the standard each-way term is three places at ¼ odds.

The reason for this is handicaps are generally more competitive than non-handicaps. Because of this, many bookmakers are also willing to offer enhanced each-way terms in these types of races. If you shop around, you’ll often get at least four places on races that might have 14 or 15 runners, but these are promotional terms not standard.

Bookmakers that typically offer these types of enhanced odds include but are not limited to Paddy Power, Bet365, and Sky Bet. *Always check the each-way terms of any horse race before placing your bet to make sure you’re happy with them.

Each-Way Betting On Horse Races With 16 Runners Or More

The standard each-way betting terms for a horse race with 16 or more runners are still three places at 1/5 odds. But if the race is a handicap with 16 runners or more, the standard each-way terms are four places at ¼ odds.

These races are also regularly targeted by bookmakers looking to used enhanced each-way place terms to attract punters to bet with them. Some bookmakers may offer five or more places, especially where there are significantly more than 16 runners. Prime examples of such races are often run at the big horse racing festivals such as Royal Ascot, Glorious Goodwood, the Cheltenham Festival, and Aintree’s Grand National Meeting.

In races such as the Grand National, which normally has a field-size of 40 runners, some bookmakers may even pay each-way on the first eight. But something you need to be careful of is, bookmakers can also decrease the fraction they pay these places at. For example, bookmakers offering eight on the Grand National may do so at 1/5 odds rather than the normal ¼ odds.

How Many Places Are Paid On An Each-Way Bet By On-Course Bookmakers?

If you’re going for a day at the races and are looking to bet each-way, make sure you check the each-way terms offered by the different on-course bookmakers. Many will offer the standard each-way terms but others may choose to offer enhanced odds.

Some on-course bookmakers have also been known to offer each-way terms that don’t comply with standard terms or are enhanced in any way. For example, some have been known to offer only 1/5 or 1/6 for four places on handicaps with 16 runners or more. They are in their right to do this, but all on-course bookmakers must have their each-way terms clearly displayed on their betting boards.

The reason some bookmakers do offer better these lower fraction terms is so they can offer better odds on the win bets. They do this to try and be competitive with betting exchanges such as Betfair to try and stop on-course punter betting on their mobile phones rather than with them.

How Many Places Are Paid On An Each-Way Bet By Betting Exchanges?

Betting exchanges tend to adhere to standard each-way betting terms on horse racing. But due to the competitiveness of the online betting markets, betting exchanges have the option to offer a variety of different markets to suit a variety of punters that are all trying to find value each-way angles into a race.

For example, Betfair may choose to offer three different each-way markets on a 30-runner handicap at Royal Ascot. They may offer ¼ odds four places, 1/5 odds 5 places, and 1/6 odds for six places. It’s then up to you to choose which of these options provides the best value for the selection you want to bet on.

The difference between these place terms may not sound much, but the payouts can be significantly different, especially on big-priced selections.

For example, if you had £10 each-way on a 60/1 shot that finished fourth, you would get back £160 at ¼ odds. But you would only get back £130 at 1/5 odds, and £110 at 1/6 the odds. But the reduced winnings is offset by the fact you would win nothing if your horse finished fifth or sixth.

Some bookmakers also offer more than one each-way market. That’s why we here at Betting Gods we always recommend you check the each-way terms carefully before placing your bets.

We hope that’s answered your question about how many places are paid on an each-way bet?

How many places do bookies pay out on?

The number of places that bookmakers pay out on can vary depending on the specific bookmaker, the sport, and the event. In horse racing, for example, bookmakers typically pay out on the top two, three, four, or five finishers, depending on the number of runners and the type of race.

In general, bookmakers will pay out on a certain number of places in each-way bets, which are bets that consist of two parts: a “win” bet and a “place” bet. The “win” bet is a bet on the horse to win the race, while the “place” bet is a bet on the horse to finish in a certain position, such as first, second, or third.

The number of places that bookmakers pay out on can also vary depending on the specific terms of the bet. For example, some bookmakers may offer enhanced place terms for certain races or events, paying out on more places than usual.

It’s important to carefully consider the specific rules and terms of each bookmaker before placing a bet, and to choose a reputable bookmaker or betting site to ensure fair and reliable betting.

Where can I find an each way bet calculator?

There are several websites that offer each way bet calculators. Here are some options:

1. OddsMonkey: The OddsMonkey each way bet calculator is a free tool that allows you to calculate the potential returns and profits for each way bets. You can access the calculator on their website at https://www.oddsmonkey.com/matched-betting/calculators/each-way-bet-calculator/.

2. AceOdds: AceOdds offers a free each way bet calculator that allows you to calculate the returns for each way bets on horse racing and other sports. You can access the calculator on their website at https://www.aceodds.com/bet-calculator/each-way.html.

3. Betfair: The Betfair each way bet calculator is a free tool that allows you to calculate the returns and profits for each way bets on horse racing and other sports. You can access the calculator on their website at https://betting.betfair.com/each-way-betting-calculator.html.

4. MatchedBets.com: MatchedBets.com offers a free each way bet calculator that is specifically designed for matched betting. You can access the calculator on their website at https://www.matchedbets.com/each-way-calculator/.

These are just a few of the many each way bet calculators available online. It’s important to choose a reputable and reliable calculator to ensure accurate calculations.

What does each way mean in football betting?

In football betting, each way betting is a type of wager that is split into two parts: a win bet and a place bet. The win bet is placed on the team to win the match, while the place bet is placed on the same team to finish in a predetermined position, such as first, second, or third.

The terms of each way betting in football can vary depending on the bookmaker and the specific event. For example, a bookmaker may offer each way betting on the winner of a football tournament, with the place bet paying out if the selected team finishes in the top two or three positions.

Each way betting in football can offer a way to reduce risk and increase the chances of a payout, but it can also reduce the potential return on investment. It’s important to carefully consider the terms and conditions of each way betting before placing a wager, and to choose a reputable bookmaker or betting site to ensure fair and reliable betting.

Is an each-way bet worth it?

Whether an each-way bet is worth it or not depends on the specific circumstances of the bet. Each-way betting can be a good option if you want to reduce your risk and increase your chances of winning, but it can also reduce the potential return on investment.

An each-way bet is essentially two bets in one: a bet to win and a bet to place. If the selection wins, both bets will pay out. If the selection places but doesn’t win, only the place bet will pay out. The odds for the place bet are typically lower than the odds for the win bet, which means that the potential payout for the place bet is lower.

Whether an each-way bet is worth it depends on the odds, the number of places being paid out, and the likelihood of the selection winning or placing. If the odds for the win bet are high and the number of places being paid out is also high, an each-way bet can be a good option. However, if the odds for the win bet are low and the number of places being paid out is low, an each-way bet may not be worth it.

Ultimately, it’s important to carefully consider the terms and conditions of each-way betting and to choose a reputable bookmaker or betting site to ensure fair and reliable betting. It’s also important to only bet what you can afford to lose and to gamble responsibly.

What Sports Can Be Bet on Each Way?

Each way betting is most commonly associated with horse racing, but it can also be used in other sports such as golf, greyhound racing, and football.

In golf, each way betting is a popular option for betting on the outright winner of a tournament. The number of places paid out can vary depending on the bookmaker and the specific event, but it’s common for the top five or six finishers to be paid out at a fraction of the original odds.

In greyhound racing, each way betting is similar to horse racing, with the place bet typically paying out if the selected dog finishes in the top two or three positions.

In football, each way betting is less common but can be used in certain situations, such as betting on the winner of a tournament or the top scorer of a league. The terms and conditions of each way betting in football can vary depending on the bookmaker and the specific event.

It’s important to carefully consider the terms and conditions of each way betting in any sport and to choose a reputable bookmaker or betting site to ensure fair and reliable betting.

Should I bet on horse racing each way?

Whether or not you should bet on horse racing each way depends on your personal preferences and betting strategy. Each way betting is a popular type of bet for horse racing, as it offers a way to hedge your bet and potentially win some money even if your horse doesn’t win the race outright.

With each way betting, you are essentially placing two bets: one on your horse to win the race, and another on your horse to finish in a certain position (usually the top two or three, depending on the number of horses in the race). The odds for the place part of the bet are typically a fraction of the odds for the win part of the bet.

If your horse wins the race, you will win both parts of the bet. If your horse finishes in the designated place (usually second or third), you will win the place part of the bet, but lose the win part of the bet. If your horse finishes outside of the designated place, you will lose both parts of the bet.

Each way betting can be a good option if you are unsure whether your horse will win the race outright, but still think that it has a good chance of finishing in the top few positions. However, it’s important to note that each way betting can be more expensive than a simple win bet, as you are essentially placing two bets. Additionally, the odds for the place part of the bet are typically lower than the odds for the win part of the bet, so you may need to win more often to make a profit.

Ultimately, whether or not you should bet on horse racing each way depends on your personal preferences and betting strategy.

How does an each way bet payout?

An each way bet is essentially two bets: one bet on a horse to win the race, and another bet on the same horse to place in the race. The place part of the bet is typically a fraction of the odds for the win part of the bet.

If the horse wins the race, both the win and place parts of the bet will pay out. If the horse finishes in a designated place (usually second or third, depending on the number of horses in the race), the place part of the bet will pay out, but the win part of the bet will be lost. If the horse finishes outside of the designated place, both parts of the bet will be lost.

The amount of the payout for each part of the bet depends on the odds and the size of the stake. For example, if you place a £10 each way bet on a horse with odds of 10/1, the total stake would be £20 (£10 for the win part of the bet and £10 for the place part of the bet). If the horse wins the race, the total payout would be £110 (£100 for the win part of the bet and £10 for the place part of the bet, which is typically 1/5 of the win odds). If the horse finishes in a designated place, the total payout would be £30 (£10 for the place part of the bet, which is typically 1/5 of the win odds, and the original £10 stake for the place part of the bet).

It’s important to note that the payout for each way bets can vary depending on the bookmaker and the specific race. Additionally, the odds for the place part of the bet are typically lower than the odds for the win part of the bet, so you may need to win more often to make a profit.

How many horses need to run to pay 4 places?

In horse racing, the number of places that pay out can vary depending on the number of runners in the race and the type of race. For example, in a race with only a few runners, only the first two places may pay out, while in a larger field, the payout may extend to the first three or four places.

In general, handicap races with more than 15 runners tend to pay out on four places, while races with fewer runners may only pay out on two or three places. However, it is important to note that this can vary depending on the specific race and the bookmaker offering the bet.

Before placing a bet, it is always a good idea to check the terms and conditions of the race to see how many places are being paid out and to ensure that you are getting the best value for your bet.

How many places in a 7 horse race?

If there are five, six or seven runners in a horse race, then there are typically two places available, meaning there is a payout if backed each-way on horses who finish first or second, at 1/4 of the odds.

How many horses for 3 places?

If there are 8 or more runners in a horse race, a place is paid on first, second, and third places. If there are 7, 6, or 5 runners in a race, a place is paid on first and second places only.


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