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

Publish Date:15/01/2024
Fact checked by: Mike McKean

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 me 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 my own 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 I 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 me 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.

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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 my recent guide on what a Canadian bet is to see what I mean. Or have a click around some of my other betting tip articles. You won’t regret it, trust.

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:

Bwin – the most user-friendly option

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  • Great for sports and horse racing
  • Easy-to-use
  • Excellent iOS and Android apps
  • Not great for esports betting

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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BetVictor – awesome for bonuses

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  • Competitive odds
  • Excellent first-timer promo
  • Licensed and trusted site
  • Gloomy colour scheme

BetVictor will grant all first-time bettors a £40 bonus at the time of writing, which comes alongside 50 free spins on selected slots games.

For obvious reasons, your free spins won’t come in particularly helpful if you’re 100% into sports. But that £40 worth of bonus bets? Well, they’re a different story. The site offers some of the best horse racing odds I’ve seen, too – which is important if each way horse betting is your thing. Eat your hearts out, guys.

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Ladbrokes – a safe and secure option every time

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What’s big, red and covers all the markets best-suited to each way betting – why it’s Ladbrokes, of course.

This long-standing bookmaker is licensed by the UK and Gibraltar Gambling Commissions, offers an SSL-encrypted platform that’s a piece of pie to use and even has a dedicated, downloadable app for iOS. So, yeah… this one’s a great pick for security-conscious or iPhone bettors, in my book.

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If you’re now in a place where you no longer have to worry “what does each way mean in betting?”, Unibet is the perfect destination for more ambitious and experienced bettors.

Why? Well, they offer frequent odds-boosts and spruced-up numbers on popular events, higher-than average deposit limits and a whole bunch of big-value bonus offers. Right now, for example, you can claim up to £40 money back as part of a bet insurance bonus and take advantage of stupendously good odds when betting at the last minute. Awesome stuff.

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Coral – great for flexible payment options

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If you want to try out betting each way with a bookie but want to pay using the likes of Revolut or Paysafecard, Coral’s a sound choice. They offer a truly massive range of deposit options, which come with a £5 minimum and instant processing pretty much across the board.

And of course, this high street favourite offers an easy-to-use website packed full of pretty much every sports market out there, too.

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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 I’ve outlined here, and I 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? FAQ

🔎 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. Find out exactly how it works by reading my guides.

❓ 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. Discover more about each way betting and other top iGaming strategies with my guides.

🧐 Is online sports betting legit?

If you’re playing with a licensed provider, then yes. You’ll discover some of the best ones by reading my guides and reviews.

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