How do each way bets work

Decimal odds are pretty straight forward once you get the hang of them. For standard back bets you simply multiply your stake by the decimal odds to calculate your total return including your stake. Your profit is then your total return — your stake. Trying to calculate place odds for each way bets requires a little more understanding. For example: if we back a horse at For instance, if all but one of your selections wins and the remaining selection only manages to be placed, the WIN element of the bet is void.

The same outcome would occur if one selection wins but the remaining selections only manage to be placed. Still, you will receive a return for the place element of the multiple each way bet. If just one of your selections fails to win OR place, the entire multiple each way bet is void.

It is important to remember that should your first selection win, the returns from that bet DO NOT become the stake for subsequent selections. Belal Muhammad fighter profile. What is an each-way bet in golf? Genesis Invitational outrights and matchups preview.

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Melbourne Cup. Melbourne Cup Field. Melbourne Cup Tips. Melbourne Cup Time. Victoria Derby. Golden Eagle. Cox Plate. Caulfield Cup. The Everest. Australian Racecourses. Winter Racing Carnival. Autumn Racing Carnival. Sky Racing Active. Newspaper Form NSW. Remember that when you make your each way bet, you effectively have two different bets.

Example One. The horse finishes 1st. Example Two. The horse finishes 2nd. Example Three. The horse finishes 4th. Still unsure? Work out your winnings with our each way bet calculator. For some sporting events, there are no strong favourites and each selection is priced long.

In such a market, it is much harder to predict who will win, but the long odds results in favourable odds even after the fraction has been applied. Some would, therefore, consider each way betting to be lower risk, lower gain approach to betting.

A second consideration is the odds after the fraction has been applied. If the odds are low to start with, once the fraction has been applied the potential winnings might be not so attractive. Some may perceive the lower risk, lower gains as a potential drawback. In this article, horse racing has been used but it is possible to bet each way on a range of sports.