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Each Way Betting Explained: What does Each Way Mean in Betting?

Publish Date: 27/03/2025
Fact checked by: Mike McKean

If you are new to sports betting, you will soon come across EW when you are placing bets - but do you know what it stands for? EW stands for Each Way and it is a very important term when it comes to placing sports bets.

Never placed an each way bet before? If you’re unfamiliar with the term and want to know exactly what each way means in betting, allow us to enlighten you.

Without beating around the bush, betting each way just means placing one bet that covers two outcomes – whether your selection wins, or if it places. It’s a popular strategy, and in our long standing experience, it comes in especially useful in the horse racing field, or when betting on other competitive, big-field events.

Each Way Betting Explained – Everything You Need To Know

Okay, so what does each way mean in betting, exactly?

Well, as we mentioned already, at its most basic level each way simply means betting on two outcomes within the same bet. But it’s a little more complex than that.

Yes, that’s right, betting each way allows you to place two bets within a single wager. Effectively:

  • 1x “win” bet – i.e., whether your selection wins.
  • 1x “place” bet – i.e., whether your selection places.

How Does Each Way Betting Work?

Still wondering what each way means in betting? If you’re feeling confused at all, allow us to demonstrate using a quick example.

Let’s say you want to drop an each way bet on your favourite horse, MrEachWayBet, in the Grand National. Your budget is £100. The odds are 5/1.

In this situation, you can:

  • Place a £50 bet on MrEachWayBet to win.
  • In the same betting slip put down a £50 bet on the horse to place.

I’m sure I don’t need to explain what happens if your guy comes first, right? But what if he places second? Or third? Well, firstly, the number of places in a horse race will depend on the number of runners, but generally speaking second and third places are covered by each way bets.

The best betting sites may even offer extra places and even provide an each way bet calculator that’ll reveal what you can expect if things go your way.

This is all pretty great, right? Especially if you’re new to betting or a little bit anxious about parting with your cash. But of course, you won’t get the same return if MrEachWayBet doesn’t win - places usually pay out at ⅕ odds.

If you are placing an each way bet on a horse race, you are betting on two outcomes and because of that your bet will be split into two parts. If you have £50 to bet on the race, you will be placing £25 on the win and £25 on the place. If you tick the each way box and put a total of £50 in, you will be charged £100 for that bet. Make sure your amount is split.

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Which Sports Work Best For Betting Each Way?

While each way horse betting is incredibly popular (and with good reason, too) there are several other sports you can enjoy each way bets on.

So, if you’ve ever wondered to yourself “what does each way mean in football betting?”, or in golf. Well… here’s what you ought to know:

But what happens if you’re eyeing up a sport where each way betting just isn’t appropriate? Well, there are plenty of other strategies you could consider instead.

Check out our recent guide on what a Canadian bet is to see what we mean. Or have a click around some of our other betting tip articles. You won’t regret it.

Five Bookies Worth Considering For Your Next Each Way Bet

What does each way mean in betting? Well, if you’ve been paying attention, you should know by now. But which bookies offer the best opportunities for each way betting? Well, I’d like to draw your attention to the following:

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BetMGM has a wide range of sports for you to bet on, including football, horse racing, cricket, darts, rugby league, American Football, ice hockey, MMA, basketball, tennis and golf. Not only is the list of sports extensive, but the betting markets are as well.You can place normal result bets, Bet Builders, goalscorer markets and each way bets. The list is endless and so is the excitement.

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If you’re dipping your toe into each way betting waters for the very first time, look no further than Bwin. Their easy-to-use interface works seamlessly with any device or browser, and they have no less than 32 different sports for you to bet on.

Odds are competitive, the brand has a top-tier reputation, being an official part of the UEFA Europa League, and there are even hundreds of casino games here if ever you get bored of the dizzying number of sports selections on offer.

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Betano has two welcome offers on the sportsbook that depends on your betting needs. The first one is football based and punters can claim £30 in free bets by betting £10 on any football market.

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Betano has a wide range of competitive odds with an extensive list of sports available. If you like placing each way bets, single bets, accumulators or player based wagers, then Betano has it all for you on their desktop site and mobile app.

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How Do I Win With A Horse Racing Each Way Bet?

Each way bets are more commonly used with horse racing, so we will continue to use this sport as an example in order for it not to become confusing.

The possibilities of winning with an each way bet changes depending on how many horses are taking part in the race. The rules are as follows:

Runners In An Each Way Bet

  • 1-4 Runners - No Places - Win Only
  • 5-7 Runners - ¼ Odds - 1st & 2nd Place Only
  • 8+ Runners - ⅕ Odds - 1st, 2nd & 3rd Place
  • 12-15 Runners - ¼ Odds - 1st, 2nd & 3rd Place
  • 16+ Runners - ¼ Odds - 1st, 2nd, 3rd & 4th Place

If you are placing an each way bet on the Grand National or Cheltenham Festival and the horse wins the race, your bet will be successful in the win and place part of the bet. The bet will pay out in full.

However, if your horse does not win and just places, you will receive the place winnings and nothing for the win part.

What Is The Difference Between Win & Each Way Bets?

The differences between win and each way bets are fairly obvious, but it is always good to get clarification on matters like these.

A win bet is where a punter is placing a bet on just one outcome to happen. That outcome is one team or player to win their match. Your bet will be paid out as a winner if your selection wins the game or event.

An each way bet is technically a two-part bet. The first part is for your selection to win - you will not receive a full payout if this does not happen.

The second part is for your horse to place. If the horse wins, it obviously places and you will be paid out your full winnings. If your horse fails to win but does place, you will receive part of your winnings depending on how many places the bookmaker pays out on.

A win bet only pays out if your bet wins - it’s as simple as that. The each way bet covers you if your horse fails to win. The payout for placing will not be as big as if the full bet won, but you will still receive some form of payout.

So, What Does Each Way Mean In Betting? Here’s A Quick Recap…

The meaning of each way in betting is simple. In a nutshell, an each way bet is a two-in-one wager that enables you to put money on a horse or player “to win” and “to place” simultaneously.

It’s an immensely popular strategy for big-field events like the Cheltenham Festival, the Grand National and the PGA Tour, and with good reason, too.

But before you try this out for size, you need to know what you’re doing, and you need to play with a bookie that offers each-way-friendly sports.

So, shape up on the rules we've outlined here, and we promise you, each of the five brands reviewed above are amazing places to start.

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What Does Each Way Mean In Betting? FAQS

🔎 Is Each Way Betting Worth It?

So long as you know what you’re doing, and playing the right sports, it’s a fabulous strategy.

❓ What Does Each Way Mean In Sports Betting?

On the surface, it means placing two bets within one. But there’s more to it than that. You are backing a horse or team to win and place in a race or tournament, If your selection fails to win, but does place, you will still receive a smaller payout.

🧐 Is Online Sports Betting Legit?

If you’re playing with a licensed provider, then yes. Here at Betting.co.uk, we will not feature a bookmaker without the relevant licences.

❓ Do All Online Bookmakers Offer Each Way Betting?

There is not a specific rule that orders online bookmakers to have each way markets, but it will be harder to find a bookmaker that doesn't offer this method than ones that do. Bookmakers love adding markets to their sports and each way betting is very popular with horse racing and outright tournament winners in other sports.

❓ Can I Use Free Bets & Welcome Offers For Each Way Bets?

This is mainly down to each individual bookmaker. If you cannot use any offers with each way bets then it will clearly state in the terms and conditions.

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