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consisting of two separate bets: a win bet and a place bet. For the win part of the bet to give a return, the selection must win, or finish first, in the event. For the place part of the bet to give a return, the selection must either win or finish in one of the predetermined places for the event,
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If the team 'won the cup' the total returns would be £425 + £175 = £600 and if the team was beaten in the final the returns would be £175. If the team did not reach the final the wager would be lost.
173:) of the win odds. The trade-off being that one has a greater chance of making one's bet in trade for getting less payoff for doing so. Examples are domestic football knockout competitions (e.g.
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and will depend on the size of the field (that is, how many horses are running) so that the "place" may be just 1st and 2nd, 1st 2nd and 3rd, or even 1st 2nd 3rd or 4th on a big race like the
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The number horses and the type of race generally determines the number of places paid out and the fraction of the win odds used for settling the place part of an each way bet.
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Often for big races or as a special promotion the big bookmakers will offer enhanced place terms where they pay an extra place or pay the place part at 1/4 instead of 1/5.
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Total returns would be £55 + £10 = £65 if the golfer won the event, but just £10 if the player only finished second, third, or fourth.
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Total returns would be £110 + £35 = £145 if the horse won the race, but just £35 if the horse only finished second or third.
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Because an each-way wager comprises two bets, the total staked is twice the unit stake. For example, a £5 each-way
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such as first place or second place. The odds paid on the place part of the bet are usually a fraction (commonly
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Returns on the place part of the bet would be £10 × (10/4 × 1) + stake = £35 (£25 winnings + £10 stake)
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Returns on the win part of the bet would be £10 × (10/1 × 1) + stake = £110 (£100 winnings + £10 stake)
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Returns on the place part of the bet would be £5 × (10/5 × 1) + stake = £10 (£5 winnings + £5 stake)
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Returns on the win part of the bet would be £5 × (10/1 × 1) + stake = £55 (£50 winnings + £5 stake)
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Calculation of returns uses either decimal odds or (fractional odds + 1).
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In horse racing in the United
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Returns for the place part of the bet would be (£50 × 2.5) + stake = £175
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Returns for the win part of the bet would be (£50 × 7.5) + stake = £425
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A £10 each-way single on a 10-1 selection in a horse race and paying
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comprising as it does a £5 win treble and a £5 place treble.
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A £5 each-way single on a 10-1 selection in golf and paying
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Explains how to profit from each-way betting in horse races
469:"What does an each-way bet mean and how does it work?"
49:. Unsourced material may be challenged and removed.
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588:A football based explanation of each way betting
575:A good explanation of how each-way betting works
322:the odds a place 1, 2, 3, or 4 would cost £10.
289:the odds a place 1, 2, or 3 would cost £20.
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439:Glossary of bets offered by UK bookmakers
260:the odds a place 1 or 2 would cost £100.
109:Learn how and when to remove this message
390:All other races of more than 7 runners
230:would cost £10, as would a £5 each-way
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177:) where the quoted place terms may be
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47:adding citations to reliable sources
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540:How To Profit From Each Way Betting
16:Type of wager offered by bookmakers
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412:All races of less than 5 runners
562:Explains each-way soccer betting
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553:Each Way Betting in Football
519:": Horse Racing Place Terms"
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592:Each Way Betting Explained
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523:helpcenter.paddypower.com
501:": Each Way Golf Example"
449:Parlay or Accumulator bet
434:Mathematics of bookmaking
401:All races of 5-7 runners
505:/learn/each-way-betting/
365:of more than 15 runners
341:Horse racing place terms
128:is a wager offered by
43:improve this article
597:2018-12-26 at the
584:2019-07-30 at the
571:2019-07-30 at the
558:2013-09-22 at the
545:2013-01-07 at the
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41:Please help
36:verification
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601:, Safedraws
192:Jockey Club
486:2022-08-16
455:References
218:the odds.
130:bookmakers
69:newspapers
58:"Each-way"
481:0307-1235
418:win only
377:Handicaps
363:Handicaps
308:Example 3
275:Example 2
246:Example 1
615:Wagering
609:Category
595:Archived
582:Archived
569:Archived
556:Archived
543:Archived
428:See also
123:each-way
357:Places
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