Unlike the other forms, each way betting lets you place two equal sized bets at the same time. This means that in one single go you are placing a freebet on the prospective winning horse and at the same time on one that is finishing in places.
The concept of each way betting is pretty simple to understand. As mentioned earlier this bet has two parts- win part and place part. Win part is that part which you get back when the horse on which you have bet wins the race. The place part of the bet is slightly complicated. Place part betting is not allowed in races that have 4 or less number of runners in it. For understanding how each way betting works, let us consider an example- in case you have placed an each way bet of $80, you would earn back $90 ( including $10 stake) if your horse wins along with place part of the bet i.e., ( $20 plus stake $10) which amount to $30.
In case the horse on which you have bet has lost the race, you lose the bet amount but you are still eligible for the place part of the bet which is $30. However this does not hold good in situations where your horse has finished in fourth position. Despite so many other forms of betting, each betting has created a unique position for itself. Some of the benefits you derive from this kind of betting are:
• In each way betting, although the horse on which you have placed the bet loses, you still stand a chance of winning money. This is possible because of place part component of your bet.
• When both the horses on which you have bet win, you stand great chances of making huge money.
• Your chance of making money is pretty high in each way betting when you bet on two or more horses.
• Since this is purely an individual plan, consistent monitoring is not required.
Just as every coin has two sides, so does each way betting. Some of the demerits associated with this form of betting are:
• You will not win any money if only one of the two horses on which you have placed your bet wins.
• Another case where you do not win any amount is when you have a winner at odds and the other does not secure any place.
Towards the end, we would like to state that each way betting will definitely help you reap huge returns if and only if you understand the intricacies lying within.