- What Does Each Way Mean In Tennis Betting Against
- What Does Mean In Betting 110
- What Does Each Way Mean In Tennis Betting Results
One of the most common types of bet, particularly in horse racing, is the each way bet – where you'll receive a payout even if your chosen horse doesn't win the race. So if you were wondering what the difference is between each way and place betting, and when you should and shouldn't place these kinds of bets, you've come to the right place – read on for the full lowdown.
Each Way Betting
The betting odds formed for tennis can produce a wide variety of different ways to approach matches, and you will see this in the explanations that we provide for you below. In addition to that, as you read try and figure out which tennis betting lines might be the best for you to lay down a wager. An each way double bet consists of two each way bets placed on different races in which the stake and winnings from the first each way bet fund the stake on the second bet. The primary difference between an each way double bet and a standard double is that all you need for a. In other sports, such as tennis, or football cup competitions, each way bets usually refer to a player or team making the final, whilst in golf, with the huge fields often over 100 players, bookies will sometimes pay each way bets down to as many as the top eight! However, using each way bets can be a great way to keep your wager from being a total loss. It is a relatively straightforward hedge, although it isn't available for all sports. What does each way mean in betting? An each way bet is quite a bonus because it allows you to bet on two separate outcomes at the same time. This can be a great way. What does each-way mean in tennis betting? Each-way betting in tennis simply refers to wagering on the winner of a tournament. Usually, the sports betting site will provide players with such bets; one-third of.
Each way betting originates from the world or horse racing, and it is also racing that it's most commonly used on. However, it is also very widely used in other sports and allows punters to hedge their bets somewhat by offering a form of insurance if the selection does well but doesn't quite win.
What is an Each Way Bet?
An each way bet is effectively two bets in one, with half the bet going on the selection to win and half on it to 'place' with the definition of 'place' depending on the type of race and number of horses. For other sports it will vary depending on the relevant betting rules. With the bet being two-in-one, a £5 each way bet will cost £10, with a fiver on the win and the same on the place.
If the bet wins then both bets pay out as winners, if it places you lose the win portion but collect on the place half, whilst if it loses – doesn't place – you lose both bets. In horse racing it is common to receive ¼ of the odds for a top three finish on the each way part of the bet, although it may be ¼ for just first and second, or a fifth for the top three, whilst on some major events bookies have been known to pay each way right down to six or even seven places!
Example
Lets say you place a £5 each way bet on a horse to win at odds of 8/1. This would cost you £10, made up of a £5 place bet and a £5 win bet. The each way terms for the race are 1/4 odds for 1-2-3-4. Below you'll find what you'd get back depending on where your horse finished in the race:
- First Place – Here both bets win meaning you would receive £5 @ 8/1 for the win bet and £5 @ 2/1 for the place bet. Your total return would be £45 + £15 = £60, for a profit of £50.
- Second to Fourth Place – In this scenario only your place bet wins, meaning you would receive £5 @ 2/1. This would pay out £15, including the stake, for a total profit on the bet of £5 (assuming you take into account the losing win bet).
- Fifth Place or higher – If your horse finishes outside the places you receive nothing as both bets have lost.
EW Terms
The each way terms are usually made clear when you place your bets and in most circustances are listed on the racecard – marked as ‘EW' or ‘Each Way'. There are two parts that you'll need to pay attention to. First is the odds you'll receive on a winning bet, such as 1/4 or 1/5. The second is the number of places which the bet pays to, such as 1-2-3 or simply ‘6 places'.
Below you'll find an example from a real racecard which states each way terms of 1/5 odds for the first three places (1, 2 and 3): Random football bet generator.
What Does Each Way Mean In Tennis Betting Against
Some betting sites may choose not to list each way terms unles they deviate from their standards, but these are in the minority and most will have the information somewhere on the page. If in doubt, check the bookies' terms and conditions to be sure.
In other sports, such as tennis, or football cup competitions, each way bets usually refer to a player or team making the final, whilst in golf, with the huge fields often over 100 players, bookies will sometimes pay each way bets down to as many as the top eight!
Place Betting
A place bet is a single bet on the selection to, would you believe, 'place', as determined by the conditions relating to that race or event. There is no bonus or extra payout if the selection wins – you will receive the same amount if your horse finishes fourth (if that is in the defined places) as you will if it wins. The odds are naturally much lower for this outcome than for the selection to win and this generally relates to racing events only, with similar bets in other sports such as 'To make the final' in football or tennis or a 'Podium Finish' in Formula 1.
Some bookmakers also allow you to vary the number of places that your bet will pay out to whilst also appropriately increasing or decreasing the odds. In the screenshot about the first column shows the odds for the normal number of places – in this case three – whilst there are also options to remove or add a place depending on how confident you are that they'll finish in the top few.
Example
Lets continue the example from earlier but apply it to a place bet rather than an each way bet – so you're now just betting £5 for a horse to place. To make comparison easier we'll use the same place terms as before – so 1/4 odds for 1-2-3-4. Here's what happens depending on where your horse finishes.
- First Place – Here your place bet wins, meaning you'll receive £5 @ 2/1 for a total return of £15 and a profit of £10.
- Second to Fourth Place – Exactly the same as first place. So £5 @ 2/1 for £15 back and £10 in profit.
- Fifth Place or Higher – And finally your bet loses, meaning you win nothing.
How to Bet on Place Markets
Generally speaking making a place bet is simple and done in the same way as any other bet. Find the correct market, add it to your slip and choose your stake. Recently, however, some bookies have been burying their place betting markets (or even getting rid of them completely on smaller races) to encourage betting on the Each Way market instead. Bet365 in particular don't seem to offer stand alone place bets on smaller races any more.
You may also find that the bookies use different names for a place bet. We've seen alternative terms like Top 3 Finish and Win or Each Way at various bookies, but they all mean the same thing – you're betting on the horse to place.
When to Use Each Way and Place Bets
Because these bets offer a reduced payout compared to a straight win bet and are, in a sense, insurance or hedge bets, they tend to be used on outsiders. Whilst you can place an each way bet on a strong favourite it is uncommon because, depending on the odds, you may still lose money if it places but doesn't win.
If you look at the table below you'll notice that each way bets with odds of less than 4/1 will result in a net loss if the win portion of the bet loses, even if the place portion of the bet goes on to win.
Odds | Win Returns | Win Profit | Place Returns | Place Profit |
---|---|---|---|---|
Evens | £16.25 | £6.25 | £6.25 | -£3.75 |
2/1 | £22.50 | £12.50 | £7.50 | -£2.50 |
3/1 | £28.75 | £18.75 | £8.75 | -£1.25 |
4/1 | £35.00 | £25.00 | £10.00 | £0.00 |
5/1 | £41.25 | £31.25 | £11.25 | £1.25 |
6/1 | £47.50 | £37.50 | £12.50 | £2.50 |
7/1 | £53.75 | £43.75 | £13.75 | £3.75 |
8/1 | £60.00 | £50.00 | £15.00 | £5.00 |
9/1 | £66.25 | £56.25 | £16.25 | £6.25 |
10/1 | £72.50 | £62.50 | £17.50 | £7.50 |
20/1 | £135.00 | £125.00 | £30.00 | £20.00 |
In sports such as tennis, snooker or darts an each way bet can be a great option when a player has a good draw and has a strong chance of making the final, even if you doubt they could go on and win. If the odds are sufficiently large that them making the final will return a decent profit, the win portion of the bet can often be seen as an unlikely but welcome bonus if it comes in.
In golf they are a major part of betting due the huge number of entrants and the associated difficulty in picking the winner. Each way shots at 50/1, 100/1 or even higher can quite often deliver stunning returns in golf, especially if you play at a bookie offering enhanced terms, such as the top five players or more.
In racing they are again generally used on outsiders, horses that you don't expect to win but suspect could nick a place at long odds. Alternatively they can be used as insurance bets on favourites that you can't see not placing. Where the win yields a handsome profit but the place would still cover your outlay, or perhaps leave a small win, these can be great bets.
Each way and place bets are a valuable part of any gambler's armoury and knowing how they work and how to use them can be crucial in making a sustained profit from betting. As ever… good luck!
Each way betting is usually done on horse racing. An each way bet means you can bet on a horse to win or to finish in one of the first few places (usually up to 4) which means that you have a better chance of winning some money. This guide will show you how to combine each way betting and matched betting to unlock even more value from bookmaker offers.
While people who actively match bet often prefer the traditional process, the each way bet shouldn't be forgotten about. But what does each way mean in betting? With this guide, you can feel more confident in going each way when matched betting.
What does each way mean?
In regular betting, ‘each way' is designed to give you a greater chance of winning, but with the bookmaker paying out a lesser amount.
For example, when you place a bet to win, you're putting all your money on exactly that: a win. With an each way bet, bookmakers will typically pay out to the first 2, 3, or even 4 places, meaning that you don't have to predict the winner, you can simply try to predict a high finisher.
What Does Mean In Betting 110
Each Way Betting
The betting odds formed for tennis can produce a wide variety of different ways to approach matches, and you will see this in the explanations that we provide for you below. In addition to that, as you read try and figure out which tennis betting lines might be the best for you to lay down a wager. An each way double bet consists of two each way bets placed on different races in which the stake and winnings from the first each way bet fund the stake on the second bet. The primary difference between an each way double bet and a standard double is that all you need for a. In other sports, such as tennis, or football cup competitions, each way bets usually refer to a player or team making the final, whilst in golf, with the huge fields often over 100 players, bookies will sometimes pay each way bets down to as many as the top eight! However, using each way bets can be a great way to keep your wager from being a total loss. It is a relatively straightforward hedge, although it isn't available for all sports. What does each way mean in betting? An each way bet is quite a bonus because it allows you to bet on two separate outcomes at the same time. This can be a great way. What does each-way mean in tennis betting? Each-way betting in tennis simply refers to wagering on the winner of a tournament. Usually, the sports betting site will provide players with such bets; one-third of.
Each way betting originates from the world or horse racing, and it is also racing that it's most commonly used on. However, it is also very widely used in other sports and allows punters to hedge their bets somewhat by offering a form of insurance if the selection does well but doesn't quite win.
What is an Each Way Bet?
An each way bet is effectively two bets in one, with half the bet going on the selection to win and half on it to 'place' with the definition of 'place' depending on the type of race and number of horses. For other sports it will vary depending on the relevant betting rules. With the bet being two-in-one, a £5 each way bet will cost £10, with a fiver on the win and the same on the place.
If the bet wins then both bets pay out as winners, if it places you lose the win portion but collect on the place half, whilst if it loses – doesn't place – you lose both bets. In horse racing it is common to receive ¼ of the odds for a top three finish on the each way part of the bet, although it may be ¼ for just first and second, or a fifth for the top three, whilst on some major events bookies have been known to pay each way right down to six or even seven places!
Example
Lets say you place a £5 each way bet on a horse to win at odds of 8/1. This would cost you £10, made up of a £5 place bet and a £5 win bet. The each way terms for the race are 1/4 odds for 1-2-3-4. Below you'll find what you'd get back depending on where your horse finished in the race:
- First Place – Here both bets win meaning you would receive £5 @ 8/1 for the win bet and £5 @ 2/1 for the place bet. Your total return would be £45 + £15 = £60, for a profit of £50.
- Second to Fourth Place – In this scenario only your place bet wins, meaning you would receive £5 @ 2/1. This would pay out £15, including the stake, for a total profit on the bet of £5 (assuming you take into account the losing win bet).
- Fifth Place or higher – If your horse finishes outside the places you receive nothing as both bets have lost.
EW Terms
The each way terms are usually made clear when you place your bets and in most circustances are listed on the racecard – marked as ‘EW' or ‘Each Way'. There are two parts that you'll need to pay attention to. First is the odds you'll receive on a winning bet, such as 1/4 or 1/5. The second is the number of places which the bet pays to, such as 1-2-3 or simply ‘6 places'.
Below you'll find an example from a real racecard which states each way terms of 1/5 odds for the first three places (1, 2 and 3): Random football bet generator.
What Does Each Way Mean In Tennis Betting Against
Some betting sites may choose not to list each way terms unles they deviate from their standards, but these are in the minority and most will have the information somewhere on the page. If in doubt, check the bookies' terms and conditions to be sure.
In other sports, such as tennis, or football cup competitions, each way bets usually refer to a player or team making the final, whilst in golf, with the huge fields often over 100 players, bookies will sometimes pay each way bets down to as many as the top eight!
Place Betting
A place bet is a single bet on the selection to, would you believe, 'place', as determined by the conditions relating to that race or event. There is no bonus or extra payout if the selection wins – you will receive the same amount if your horse finishes fourth (if that is in the defined places) as you will if it wins. The odds are naturally much lower for this outcome than for the selection to win and this generally relates to racing events only, with similar bets in other sports such as 'To make the final' in football or tennis or a 'Podium Finish' in Formula 1.
Some bookmakers also allow you to vary the number of places that your bet will pay out to whilst also appropriately increasing or decreasing the odds. In the screenshot about the first column shows the odds for the normal number of places – in this case three – whilst there are also options to remove or add a place depending on how confident you are that they'll finish in the top few.
Example
Lets continue the example from earlier but apply it to a place bet rather than an each way bet – so you're now just betting £5 for a horse to place. To make comparison easier we'll use the same place terms as before – so 1/4 odds for 1-2-3-4. Here's what happens depending on where your horse finishes.
- First Place – Here your place bet wins, meaning you'll receive £5 @ 2/1 for a total return of £15 and a profit of £10.
- Second to Fourth Place – Exactly the same as first place. So £5 @ 2/1 for £15 back and £10 in profit.
- Fifth Place or Higher – And finally your bet loses, meaning you win nothing.
How to Bet on Place Markets
Generally speaking making a place bet is simple and done in the same way as any other bet. Find the correct market, add it to your slip and choose your stake. Recently, however, some bookies have been burying their place betting markets (or even getting rid of them completely on smaller races) to encourage betting on the Each Way market instead. Bet365 in particular don't seem to offer stand alone place bets on smaller races any more.
You may also find that the bookies use different names for a place bet. We've seen alternative terms like Top 3 Finish and Win or Each Way at various bookies, but they all mean the same thing – you're betting on the horse to place.
When to Use Each Way and Place Bets
Because these bets offer a reduced payout compared to a straight win bet and are, in a sense, insurance or hedge bets, they tend to be used on outsiders. Whilst you can place an each way bet on a strong favourite it is uncommon because, depending on the odds, you may still lose money if it places but doesn't win.
If you look at the table below you'll notice that each way bets with odds of less than 4/1 will result in a net loss if the win portion of the bet loses, even if the place portion of the bet goes on to win.
Odds | Win Returns | Win Profit | Place Returns | Place Profit |
---|---|---|---|---|
Evens | £16.25 | £6.25 | £6.25 | -£3.75 |
2/1 | £22.50 | £12.50 | £7.50 | -£2.50 |
3/1 | £28.75 | £18.75 | £8.75 | -£1.25 |
4/1 | £35.00 | £25.00 | £10.00 | £0.00 |
5/1 | £41.25 | £31.25 | £11.25 | £1.25 |
6/1 | £47.50 | £37.50 | £12.50 | £2.50 |
7/1 | £53.75 | £43.75 | £13.75 | £3.75 |
8/1 | £60.00 | £50.00 | £15.00 | £5.00 |
9/1 | £66.25 | £56.25 | £16.25 | £6.25 |
10/1 | £72.50 | £62.50 | £17.50 | £7.50 |
20/1 | £135.00 | £125.00 | £30.00 | £20.00 |
In sports such as tennis, snooker or darts an each way bet can be a great option when a player has a good draw and has a strong chance of making the final, even if you doubt they could go on and win. If the odds are sufficiently large that them making the final will return a decent profit, the win portion of the bet can often be seen as an unlikely but welcome bonus if it comes in.
In golf they are a major part of betting due the huge number of entrants and the associated difficulty in picking the winner. Each way shots at 50/1, 100/1 or even higher can quite often deliver stunning returns in golf, especially if you play at a bookie offering enhanced terms, such as the top five players or more.
In racing they are again generally used on outsiders, horses that you don't expect to win but suspect could nick a place at long odds. Alternatively they can be used as insurance bets on favourites that you can't see not placing. Where the win yields a handsome profit but the place would still cover your outlay, or perhaps leave a small win, these can be great bets.
Each way and place bets are a valuable part of any gambler's armoury and knowing how they work and how to use them can be crucial in making a sustained profit from betting. As ever… good luck!
Each way betting is usually done on horse racing. An each way bet means you can bet on a horse to win or to finish in one of the first few places (usually up to 4) which means that you have a better chance of winning some money. This guide will show you how to combine each way betting and matched betting to unlock even more value from bookmaker offers.
While people who actively match bet often prefer the traditional process, the each way bet shouldn't be forgotten about. But what does each way mean in betting? With this guide, you can feel more confident in going each way when matched betting.
What does each way mean?
In regular betting, ‘each way' is designed to give you a greater chance of winning, but with the bookmaker paying out a lesser amount.
For example, when you place a bet to win, you're putting all your money on exactly that: a win. With an each way bet, bookmakers will typically pay out to the first 2, 3, or even 4 places, meaning that you don't have to predict the winner, you can simply try to predict a high finisher.
What Does Mean In Betting 110
However, when you bet each way, the odds are reduced. For example, if a horse you're betting each way on comes in second, the odds will be lessened, meaning the bookmaker will pay out less. The amount that it's lessened depends on the bookmaker, the market, and the race itself. Sometimes you'll see 1/4 odds offered for a second or third place finish, while other times you might only get 1/5 odds.
The markets that are ideal candidates for each way betting are horse racing and golf. Essentially, you should be able to place an each way bet on a sport or event where there is a whole field of entrants, rather than football for example, where there are only two teams competing.
How do you place an each way bet?
Naturally, placing an each way bet can slightly differ between bookmakers' websites. However, it's usually done in the same way as a win bet.
On the bookmaker's site, find the market you'd like to bet on and create a betting slip like you normally would. Often, there is a box to tick if you'd like to change it from being a win bet to an each way bet.
Your betting slip will also show you the number of places the bookmaker is willing to pay out to. For example, in motorsport, bookmakers will often only pay out to the first two places, whereas in horse racing events like the Grand National, it stretches to the first four places.
How is an each way bet paid?
If you place an each way bet and your horse wins, both the win and place parts of your bet will pay out. However, if your horse only places and doesn't win, you'll lose the win part of your bet, and only the place part of your bet will pay out.
The odds for the place part will be a fraction of your win bet and are shown when placing your bet.
What Does Each Way Mean In Tennis Betting Results
For example, if you had a £10 each way bet on a horse with odds of 20/1 (21.0) and it finishes third and the bookmaker are paying 1/4 odds your place odds are 20 divided by 4, 5/1 (6.0). So your return would be £60 and your profit would be £40.
How does each way betting work in matched betting?
Because an each way bet is comprised of two bets – a win bet and a place bet – we need to lay both of these when matched betting.
Laying the win is the same as any normal matched bet, but for the place, we need to work out the odds the bookmaker is paying on the place and then find the place market at the exchange for this bet. We can then calculate our lay stake.
Now, no matter where our horse finishes with the right circumstances we'll make a profit.
For example, we back our horse £10 each way, with odds of 8/1 (9.0), and place terms of 1/4 1-2-3, which means if it finishes in the top 3 we'll get odds of 8/4 or 2/1 (3.0).
Now on the exchange we can lay £47.62 on the win at 9.5 and the £69.77 on the place at 2.2.
Bookmaker | Exchange | ||||
---|---|---|---|---|---|
Place | Win | Place | Win | Place | Profit |
1st | £400.00 | £100.00 | -£404.77 | -£83.72 | £11.51 |
2nd or 3rd | -£50.00 | £100.00 | £45.24 | -£83.72 | £11.52 |
Anywhere else | -£50.00 | -£50.00 | £45.24 | £66.28 | £11.52 |
Wherever our horse finishes, we make £11.51
Those are the basics of understanding each way betting and applying it to matched bets. Once you've mastered what's here, consider upping your strategy even further with the Each Way Matcher software. It's designed to browse thousands of odds for you to make picking your each way bets much easier.
For more information on each way betting and our Each Way Matcher, give this article a read.