This pays £55 – £50 in profit and your £5 stake returned. You will be excited to check your results and will notice that both parts of your bet have won. Now, the competition has finished, and Tiger Roll wins the National. You can either win £50 profit from a Win, or £10 profit from the Place bet.

This means if the horse comes in positions 2-6, you will win a bet at odds of 3.00 (2/1), as this is one-fifth of the original 10/1 odds. In this example, the bookie is paying 6 places and the terms are 1/5. If there are more horses, the each way bet will cover more places and be more lenient with how you can win. The main variable is how many horses are participating in the race. You will receive a larger payout if the actual Win side of the bet is a winner, but you will still receive some payout if only the Place side is a winner.įor each way bets, there are a few variables that can change how the odds are set. With each way bets, your stake is always doubled, as you are technically backing two different scenarios within the same bet. That means a total stake of £10, £5 on the win and £5 on the place. You used our horse racing calculator at OddsMonkey, and then placed a £5 each way bet at odds of 10/1.

You scanned the market, and after some consideration, you backed Tiger Roll to win the Grand National. Let’s say you are preparing to watch the Grand National, and you have looked at the odds for some outright bets. You essentially place a safety net around your win bet and catch a small profit if you still see your horse finish in a worthy position.

Placing an each way bet on this horse would cover it having an incredible race and winning, and also cover it performing but not beating the favourite. These bets are usually placed on a horse who has the ability and potential to win, but is not the favourite for the race, meaning the odds are somewhat higher than the favourite’s will be. You can easily use our horse racing calculator to find out how the odds will affect your returns.Įssentially, you give yourself two chances to win from the same selection, one with predominantly higher odds, but one more likely to actually win. If the horse only places, we lose the win part but win the place part. If our horse wins, we win both the win part and the place part.

With an each way bet we are actually placing 2 separate bets. When placing an each way bet it’s not always clear what your return is going to be.

Bet 1000 with 4 5 odds