The main specify understand with each way bets is that basically you are placing TWO equally sized table bets one part is a bet on the horse to win the race and the second part is a bet on the horse to place in a race i. e 토토사이트,카지노사이. finishing in the places 1st, 2nd, finally or even fourth of july in some types of backgrounds.
Thinking about Each Way Bets in this way as two separate table bets will make it much easier for you to understand each way bets.
If you placed a £20 EW (each way) bet on a horse in a race your two table bets are a £10 bet on your horse to win an additional £10 bet on your horse to finish in the places, so the total cost of the table bets is therefore £20. The win the main bet is reasonably easy to understand it is equivalent to if you had put £10 to win bet on the horse concerned. Explaining how the place the main bet is settled because of your bookmaker is a bit more complicated and depends on the type of race you are bets in. The following explains how the bookmaker’s rules for settling each way table bets works.
2-4 Runners — No place bets allowed
5-7 Runners — 1st and 2nd pay 1/4 of the chances
8+ Runners — 1st, 2nd and finally pay 1/5 of the chances
12 — 15 Athlete Handicap Backgrounds — 1st, 2nd and finally pay 1/4 of the chances
16+ Athlete Handicap Backgrounds — 1st, 2nd, finally and fourth of july pay 1/4 of the chances
As you can see from the above example, backgrounds with up to 4 runners are win only (so each way bets is not offered by Bookmakers).
You will also notice that handicap backgrounds are treated otherwise. Theoretically all the horses get different weights to carry. The ‘weighting process’ is compiled by the state run Handicapper and its his job in order to arrange for the horses in the race to essentially finish together in a straight line! Therefore projecting which horse will finish placed is considered a more struggle (the handicapper could make an oversight with one or two horses but surely not with the whole field. ) So for the purposes of each Way Bets in frustrations the bookmakers offer improved place terms i. e. one one fourth of the chances instead of one 5th and in fields of over 16 runners they generally offer one extra place position (1st, 2nd, finally and 4th).
Each-Way Bet Example
You may place a £10 EW bet on Loopylu in the 2. 30 at Newmarket at likelihood of 10-1 (the race is an 8 athlete race not for handicap, so the EW terms are 1/5 of the chances for 1st, 2nd or finally place. )
Your bookmaker will take the £20 pole from your bets account (remember £10 EW is TWO £10 bets) the first bet is a £10 win bet at likelihood of 10-1 and the second is a £10 bet at likelihood of 2-1 (2-1 being 1/5 of 10-1) the second bet is for Loopylu to finish placed (i. e. 1st, 2nd or finally. )
Now there are 3 different outcomes for this bet as follows:
- Loopylu Doesn’t Win or Place
Loopylu finishes in none of the places (1st, 2nd or 3rd) i. e. fourth of july or worse, so if this outcome was to occur you have lost both your £10 win bet and your £10 place bet so in this case the entire loss is £20.
- Loopylu Places but Doesn’t Win
Loopylu finishes 2nd or finally but doesn’t win. There is no difference between 2nd and finally; they count as the same i. e. they are both “a place”. So if this outcome was to occur, remembering that your £10 EW bet is two table bets (£10 win and £10 place) your win bet of £10 has lost and your £10 win pole remains with the bookmaker. However your £10 place bet has won and your return at 2-1 (2-1 being a 1/5 of the odds) = £30, that’s £20 profit and your original £10 place pole. So the overall profit on this bet is £10 (you secured £20 (£10 EW) and received £30 back. )
- Loopylu Wins the Race
If Loopylu wins the race then both of your table bets are winners as a win also counts as a place (1st, 2nd or finally. )
So if this outcome occurs the win part of your bet returns £110 i. e. £100 profit at 10-1 and your £10 original pole.
However the place bet of your bet in addition has won and as already explained above in number 2., that bet returns £30 (£20 profit and your £10 original place stake).
So the total return in this case is £140 i. e. £120 profit and the original £20 pole.
Sometimes bookmakers will offer enhanced place terms on backgrounds with well in excess of 16 runners, one example is the Grand National which usually has over 30 runners, and in this case many provide a 1/4 of the chances for a horse finishing 1st, 2nd, finally, fourth of july and 6th and occasionally sixth.
Having explained the concept of how Each Way Bets on horse racing works I would like to point out that the placing of each Way Single Table bets is only one of my recommended strategies to bets.