Each Way Betting Explained

Use our bet365 bonus code when signing up for a new account.


What is an Each Way Bet?

The each way bet is a single selection wager consisting of 2 equal parts: a win bet and a place bet.

A sign showing each way betting arrows

The total stake is split across the two bets, and the outcome of a single event determines the return. The "to win" bet is settled as a straightforward single bet with 50% of the original stake e.g. £1 of a £2 bet. The remaining 50% is staked on the "to place" portion of the bet. This portion is successful when the selection finishes in the top X number of places where X varies depending on the sport, the number of competitors/runners and any bookmaker specific promotions that may be available.

The return on a successful "place" bet is also reduced relative to how easier it is to place than win outright. The reduction is expressed as a fraction by bookmakers for each event where place betting is available.

Winnings can be worked out manually but our each way calculator is the quickest option.

Choosing a winner will always generate a profit. However, a selection that places but doesn't win could generate an overall loss depending on the odds and place terms.

How many places are each way?

bet365 Each Way Terms - 1/4 1-2

Each bookmaker sets the number of places available for an event. Bookmakers often run promotions where they increase the number of places or improve the reduction fraction e.g. from 1/5 to 1/4.

The adjacent screenshot shows how places and reduction fractions are displayed when betting online. In this example, the reduction fraction is 1/4, and the number of places is 2 (1-2). Both values have been set by bet365.

The "E/W" notation highlighted in the screenshot is a commonly used abbreviation for "Each Way" across online bookmakers.

Each Way Examples

The horse racing result below is used in the proceeding examples:

RunnerFinishing Position
Runner One1st
Runner Two2nd
Runner Three3rd
Runner Four4th

The example race has 2 places and a reduction fraction of 1/3.

Winning

Assuming a total stake of £2 on "Runner One" at odds of 2/1, the winnings would break down as follows:

  • "To win" bet of £1 = £1 * (2/1 + 1) = £3 returned
  • "To place" bet of £1 = £1 * ((2/1 * 1/3) + 1) = £1.67 returned
  • Profit = Total Returns - Stake = £4.67 - £2 = £2.67

Placing

Assuming a total stake of £2 on "Runner Two" to win at odds of 2/1, the winnings would break down as follows:

  • "Runner Two" failed to win, resulting in a £1 loss
  • However, the "to place" bet of £1 won = £1 * ((2/1 * 1/3) + 1) = £1.67 returned
  • Profit/loss = Total Returns - Stake = £1.67 - £2 = £0.33 loss

Losing

Assuming a total stake of £2 on "Runner Three" the returns would break down as follows:

  • The bet of "Runner Three" to win has lost, and the place bet has also lost because the runner didn't finish in the top 2.
  • Profit/Loss = Returns - Stake = £2 loss

Last Update: 3rd March 2023

Bookmaker Codes and Joining Bonuses

Bet £10 Get £30 in Free Bets

Claim Your Offer with the bet365 Bonus Code SPRT365*

  • Min Deposit: £5
  • Offer Expiry: 30 Days
  • Bonus Expiry: 7 Days
  • Min Deposit: £5
  • Offer Expiry: 30 Days
  • Bonus Expiry: 7 Days

18+. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Registration required. *SPRT365 can be used during registration, but does not change the offer amount in any way.

£30 in Free Bets When You Place Any Bet

No Sky Bet Sport promo code is required to claim this bonus

  • Min Deposit: 5p
  • Min Odds: 1/1
  • Free Bet Expiry: 30 days
  • Min Deposit: 5p
  • Min Odds: 1/1
  • Free Bet Expiry: 30 days

T&Cs: New customers only. First single & E/W bet only. Odds of 1/1 or greater. 3 X £10 bet tokens. Free bet stakes not included in returns. Free bets exclude virtuals. Free bets are non withdrawable. Free bets expire after 30 days. Eligibility restrictions and further T&Cs apply. 18+. http://GambleAware.org

Bet £10 Get £40 in Free Bets

No BetMGM Sport promo code is required to claim this bonus

  • Min stake: £10
  • Bonus expiry: 7 days
  • Min odds: Evens
  • Min stake: £10
  • Bonus expiry: 7 days
  • Min odds: Evens

T&C’s: New customers only. 7 days to place qualifying bet of £10 at 1/1 (2.0) to receive 4 x £10 Free Bets: 1 x £10 football, 1 x £10 horse racing & 2 x £10 Bet Builders. Free Bets cannot be used on e-sports and non UK/IE horse racing. 7 day expiry. Exclusions apply. Stake not returned. 18+. Full T&Cs apply. GambleAware.org

£30 in Free Bets when you place a £5 bet

The Paddy Power Sport promo code to claim this offer is YSKAST

  • Min Stake: £5
  • Min Odds: 1/1 (evens)
  • Bonus Expiry: 30 Days
  • Min Stake: £5
  • Min Odds: 1/1 (evens)
  • Bonus Expiry: 30 Days

T&Cs: New Customer offer - Use promo code YSKAST. Place a min £5 bet on the sportsbook at odds of min EVS (2.0) and get £30 in free bets. Free bet rewards valid for 30 days. Only deposits via Debit Cards & Apple Pay will qualify for this offer. T&Cs apply. Please Gamble Responsibly

Football - Bet £10 Get £40 in Bonuses

No Unibet Sport promo code is required to claim this bonus

  • Min Stake: £10
  • Casino Wagering: 50x
  • Min Odds: Evens
  • Min Stake: £10
  • Casino Wagering: 50x
  • Min Odds: Evens

18+. GambleAware.org . New GB customers only. Min £10 debit card deposit. Place a £10+ bet on sportsbook at min odds 1/1 (2.0) each leg. Receive 2 x £10 free bets within 24 hours of bet settlement, and further 2 x £10 casino bonus the next day. T&C’s apply.

£40 in free bets + 25% BBB on all FCWC matches

No BoyleSports Sport promo code is required to claim this bonus

  • Min Deposit: £10
  • Min Odds: 3/1
  • Bonus Expiry: 7 days
  • Min Deposit: £10
  • Min Odds: 3/1
  • Bonus Expiry: 7 days

T&Cs: 18+. Online customers only. Min Odds of (3/1). Max stake 20. Available on one bet per selected event. 25% Boost. Boost will be added once all selections have settled. Max boost payout £/€1,000. Offer does not apply to multiple bets. Free/void/cashed out bets won’t qualify. T&Cs apply. 18+. New UK customers (Excluding NI) only. £40 in FREE Bets (FB) as £30 in sports bets & a £10 casino bonus (CB). Min Deposit £10. Min stake £10. Min odds Evs. FB applied on 1st settlement of any qualifying bet. FB 7-day expiry. 1 FB offer per customer, household & IP address only. Account & Payment restrictions. 14 days to accept £10 CB, then active for 3 days. CB 5x wagering & max redeemable £100. Game restrictions apply. Cashed out/Free Bets won’t apply. 30 days to qualify. T&Cs Apply

Get up to £50 in Free Bets

No talkSPORT BET Sport promo code is required to claim this bonus

  • Min Deposit: £10
  • Min Odds: 1/1
  • Bonus Expiry: 7 Days
  • Min Deposit: £10
  • Min Odds: 1/1
  • Bonus Expiry: 7 Days

T&Cs: 18+ New Customers Only. Opt in and bet £10 on any sports at odds of 1/1+ within 7 days of signing up. Get £15 & £10 in Free bets for set markets & £15 & £10 in Slots Bonus for set games, 40x wagering, to withdraw max £625. Rewards expire in 30 days. T&Cs apply. GambleAware.org . Please gamble responsibly

Get £30 in free multiples when you place £10 bet on Sportsbook

The Betfair Sport promo code to claim this offer is ZSKAOL

  • Min Stake: £10
  • Min Odds: 1/1 (evens)
  • Expiry: 30 days
  • Min Stake: £10
  • Min Odds: 1/1 (evens)
  • Expiry: 30 days

T&C's: Place a min £10 bet on Sportsbook on odds of min EVS (2.0), get £30 in Free Bet Builders, Accumulators or multiples to use on any sport. Rewards valid for 30 days. Only deposits via cards or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly. 18+. GambleAware.org

£50 in Free Bets When you Bet £10

Betfred alternative welcome offer - Click 'Get Bonus' 👉

  • Min Stake: £10
  • Min Odds: 1/1 (evens)
  • Bonus Expiry: 7 Days
  • Min Stake: £10
  • Min Odds: 1/1 (evens)
  • Bonus Expiry: 7 Days

T&Cs: 18+. New customers only. Register, deposit with Debit Card, and place first bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility exclusions & T&Cs Apply. Eligibility & payment exclusions apply. Full T&Cs apply. GambleAware.org

Also See

Each way bet calculator - Work out your each way betting returns no matter what the outcome. Supports all possible scenarios. Fast and easy to use, with winnings updated automatically as you enter the details.

What is a single bet? - Same as an each way minus the place portion of the bet. Visit the page for an explanation and example detailing how winnings are calculated.

What is a double bet? - Found an additional selection you'd like to incorporate into your bet? The double may be the way to go. Visit the page for an explanation and sports examples detailing how winnings are calculated.

About AceOdds

We've been calculating bets online since 2008 and know all types of betting inside-out. We also have in-depth knowledge of where to source the top bonus codes and joining offers to use when placing initial bets with a new bookmaker. Learn More.