Work out your winnings with our each way bet calculator. Example One. The horse finishes 1st. Example Two. The horse finishes 2nd. Example Three. The horse finishes 4th. For some sporting events, there are no strong favourites and each selection is priced long. In such a market, it is much harder to predict who will win, but the long odds results in favourable odds even after the fraction has been applied. Some would, therefore, consider each way betting to be lower risk, lower gain approach to betting.
A second consideration is the odds after the fraction has been applied. If the odds are low to start with, once the fraction has been applied the potential winnings might be not so attractive. Some may perceive the lower risk, lower gains as a potential drawback.
In this article, horse racing has been used, but it is possible to bet each way on a range of sports. Golf is another sport for which this betting technique is popular. Yes, it is possible to bet each way on an accumulator. When you place an each way multiple, you again have two different multiples.
One multiple is for all of the win bets to come in, and the second accumulator is for all of the place bets to come in. This makes them notoriously hard to pull off, but equally the odds will be long so the potential winnings are likely to be large. To know more about our writers and our ranking method you can learn more about MyBettingSites.
Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. Each Way Bet Calculator. Enter Bet Details. Reset All. Odds Format Fractions Decimals American. Two bets of equal amounts are made; the first on a selection horse to win and the second on the same selection to place. For a step-by-step walkthrough of how to place an each way bet, check out this post.
Each way bets can be affected by the withdrawal of other horses from a race commonly referred to as a non runner. If a runner withdraws from the race the chances are that the terms of your bet will alter. If a runner was withdrawn from running, the field would be reduced to just 7 runners. If a runner was withdrawn from running, the field would be reduced to just 4 runners.
Each way betting is primarily connected with horse racing and racing fields in excess of four runners. Both the number of specified places and the fractional odds applied by the bookmakers depend on the type of race and how many runners there are in the field:.
Big horse races, such as the Grand National, usually see a lot of novice punters betting each way. Tournament-based competitions, such as the FIFA World Cup football , the Masters golf , Formula 1 motor racing , greyhound racing and cycling competitions all provide opportunities for each-way betting.
The each way terms available differ depending on the sport, competition and market. The selection is a horse priced at Decimal odds are pretty straight forward once you get the hang of them. For standard back bets you simply multiply your stake by the decimal odds to calculate your total return including your stake.
Your profit is then your total return — your stake. Trying to calculate place odds for each way bets requires a little more understanding. For example: if we back a horse at For instance, if all but one of your selections wins and the remaining selection only manages to be placed, the WIN element of the bet is void. The same outcome would occur if one selection wins but the remaining selections only manage to be placed.
Still, you will receive a return for the place element of the multiple each way bet.
When you place an each way multiple, you again have two different multiples. One multiple is for all of the win bets to come in, and the second accumulator is for all of the place bets to come in. This makes them notoriously hard to pull off, but equally the odds will be long so the potential winnings are likely to be large.
However, sometimes things happen beyond our control. Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet.
Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. Each Way Bet Calculator. Enter Bet Details. Reset All. Odds Format Fractions Decimals American. Add Selection Notes. Summary Updated Automatically. Total Outlay. Total Return. Total Profit. Featured reviews Boylesports Review Paddy Power Review Coral Review Ladbrokes Review Betfred Review About Us To know more about our writers and our ranking method you can learn more about MyBettingSites.
Responsible gambling Don't gamble unless you know the facts. We are using cookies on this website to ensure you get the best user experience. If you continue to use our site we will assume that you consent to cookies. Alternatively, you can choose "Read More" to see what cookies entail.
Ok Read More. There are 2 ways you can do this. Which is why managing your bankroll is VERY important in the beginning. More on it later. As you can see, no lay has many advantages. Luck is in our side and as you place more bets the long-term advantage will show up. We WILL be profitable, maybe from the first very moment too.
But in the short-term, think first bets, anything can happen. Some of you may be now screaming No Lay is gambling! And technically speaking, it is! The key here is to have the time to place enough bets so the true advantage shows up. You will be less profitable but you will be in profit straight away. I still prefer no lay thanks to how easy it makes my life.
No lay means no hassle placing exchange bets, checking the odds, logging the info etc. But by laying the bet, we pay exchange commission which is a huge amount if you add it up over hundreds of bets. Think of the hundreds of pounds lost to exchange commissions. I will speak for the no lay method as the lay one is straightforward. Laying all the bets will return exactly the amount shown on the EachWay Matcher tool.
But no lay each way betting can be much more profitable than its lay cousin. Our hundreds of pounds locked in the exchange can now be used for betting instead. This may sound quite low for the amount of effort I spent 13 hours betting , but I actually like that a lot! Now the beauty in this is that ROI is relative to my stakes. So I can make 5x the amount by increasing my stakes 5 times for the same time spent! This is what the second column of the table shows.
Another way I can increase my profits is by placing more bets. When I say this is one of the most important questions I mean it. No lay each way matched betting requires discipline more than any other strategy. So it will seem like each way betting is a totally random thing. But as you place more bets, luck will play a much smaller role in the bigger picture.
The expected value will start showing up the more bets you place. To continue the casino metaphor, the casino may lose in a day because one gambler hit the number in roulette 10 times in a row. Now, there are already proven strategies for how much you should bet i. Kelly criterion. When I say bankroll I mean the total amount you have available for betting.
We can easily dream big when winning and conquered by fear when losing which is why starting with low stakes is so important. Otherwise, we will quit because the negative swings will be too much to bear. Then as we build confidence in our strategy and see the results, we can slowly increase our stakes. This is not the strategy! You will more likely become broke in no time.
Obviously, we want to only take those bets with positive Expected Value EV. If the number is positive, then the EV is positive. This filtering is recommended by the legendary Pingus post on OddsMonkey and so far it has paid well! Oh yeah… speaking of which… I always start each way matched betting on the gubbed accounts.
Gubbed means promotion restricted. I am not afraid of losing the account since I get no promotions anyway. The only harm they can do me is to stake restrict me to 1p which means the account is pretty much dead. But I bet on healthy accounts too and have not lost any yet. There are so many bookies to choose from but you cannot have a big amount in all of them.
You want to go with the ones that offer the most profitable EW odds but are also easy to navigate while at the coffee queue! You can also apply a filter on the EW Matcher to only get notifications for your own bookmakers which is great. I find that I bet no lay each way more and more these days. Once I realised how quick and easy it is, I got hooked. This will take some time to develop but that will be the definition of passive income!
I am not fancy when it comes to tracking my bets. I use a custom spreadsheet to track the following columns:. Number of runners, fractional payout 4 or 5 are also things you can track. But Rating, in my opinion, is quite important for future analysis. I find the above system easy to fill and rich enough to draw statistics.
But what if I bet on my mobile? If I bet on my mobile, I will make a note of the horse name, race time, bookmaker and expected value at the time of placing. Then you go back to settle it. I imagine the reporting side of it will get better over time too. It is what it is. So you need to trust the EV and stay the course in both good and bad times. You need to ride the variance. So as long as you keep placing bets, your profits will move along this line.
A good time to find opportunities is between Then between you can find some good bets for the evening races. I hope you found the Each Way matched betting guide useful. Every 2 weeks, I send a handwritten email with honest, valuable content. If you want to receive it please subscribe below! No spam, ever. It is a powerful strategy, indeed. When multiple websites offer the same competitive odds for a horse for one race, do you bet on the same horse on different websites, or just choose one website to bet on the horse?
Two very important questions KC I did not cover! Pick the one you care the least about or the one that makes sense for your balances. To answer your 2nd question: I sometimes bet on 2 horses on the same race but never with the same bookmaker. I think it makes sense to bet on as many horses as the number of places paid if that makes sense. I was wondering about simillar strategy but in shop.
Hi Michael, great article. I was just wondering whether you bet the same EW bet on multiple bookies or just lots of different EW bets on multiple bookies. Awesome Foxy! EW has been my little secret for over 6 months now. One thing that increases your profits is doing accumulative horse race bets. For example, you can combine two horses with the odds of 4 into a new bet, or 3 horses to a triple, 4 to a quad, etc.
This increases your bets placed massively and thus your profit! Well done! I have heard about multiples, thank you for bringing that up. But variance increases as well which is why I have avoided triples and quads so far. But I still get offers which is strange. Another bookie restricted me to 50p a long time ago before EW so I guess not all restrictions are the same.
There are a lot of bookies that you can EW bet with, I have at least two dozen in my spreadsheet. I also gnome with 3 other identities quadrupling my accounts. I hope I will have made a good dent in my FI fund by then!
Is betting with different identities a common secret amongst all matched bettors? How many races do you bet on each day? I am thinking of getting involved but I get the impression that this is only profitable if you bet on as many races as possible.
I usually place about 20 bets a day. You just need to check your phone every now and then as you go to get a coffee, toilet, etc. Does the number of horses running in an event affect whether you should bet on it given a positive EV? Should I aim for those races with just 8 horses running to increase chances of a place? Thanks Nick. Hey Nick, the number of horses is a bit controversial so I decide not to count it as a factor when deciding on what to bet.
Races with 8 horses offering 3 places looks like a better deal than 10 horses with 3 places. However, on one hand the odds should be lower for 8 horses and on another hand, if one horse withdraws from the race of 8 places, then the race will only pay 2 places which is not great.
Therefore, if something, I try not to bet on races where 1 horse dropping reduces the number of paid places. Your value strategy looks promising Darren. Especially if you can automate it with software. Each Way Sniping is something I want to look at. Selenium might come handy here. Regarding EW no lay, how many bets have you placed with EW no lay? The volatility comes and goes. I stumbled across each way value and can see this being stable for a lot longer, smaller amounts, but lots more bets should start to see a profit, and using automation for getting the extra out of the bet seem like a good strategy?
Currently got, PP, and a couple of other nearly ready for testing, the other bookmakers generally should not be an issue, it they have a website it can be automated, PP is now fully automated for cash out and after some initial testing yesterday and a few tweeks I think it will work fine, so will be getting testing underway today, just not a lot of each way value horses using the sniper software for PP, I have changed to your recommend settings so I will see how it goes, if not I have to do some random horses after a look through whats running!
Well Done, Darren.
Let's be blunt and real for a minute. Poor value bookies odds make your horse racing bets unprofitable no matter what your knowledge of horse racing is. The bookies know this and it's precisely why favoured horses plummet in odds price close to the off. If they see a lot of money coming in for a horse the bookie simply cuts the price to an amount not worth betting on. They also monitor prolific popular tipsters and then they cut the price within seconds of them being published.
To take them on you have to be pro-active. You have to get a good odds price for your bet. You can't just bet for the sake of it, you have to research thoroughly. Even following the top yards or jockeys is not fool-proof. Of course they have the best horses with the best pilots, but the bookies know this and if you're not careful you will be betting at a poor value odds price.
You also have to be careful to monitor your biases. Do you only bet on flat racing, all-weather or jumps? Do you blanket ban certain types of races such as maidens? There is nothing wrong with omitting certain types of races but you have to be sure you are doing it for objective reasons rather than emotional ones. Making mistakes is human, and I'm not going to lie to you I have made them myself from time to time. However, the bookie isn't interested in this, and they will punish you if you don't bet objectively.
To have any chance of success at beating the bookie with horse racing it requires hard work, dedication and skill. If you've made errors with your own horse racing bets or perhaps a tipster you have followed has caused these errors, let me reassure you and tell you Choose the wrong tipster and you have already lost. Make a slight mistake with your horse racing bets and the bookies pounce and take all. It's a minefield, so many things can go wrong.
Horse Racing is an intelligent and complicated sport and it's not surprising most people struggle and find it. This clever each-way system is rock solid and will only take you minutes a day to profit. Do NOT worry if you are a complete beginner to horse racing or a pro bettor this method couldn't be more straightforward to follow. Open Email. We will send consistent winning each-way horse racing tips via email. Place Tips. Tips are given with clear instructions on what to bet, what points to place and what odds are available.
Collect Winnings. Just by following our emails we expect your betting profits to grow and you can either reinvest profits or cash out! But why do those who put the hours into research and seek out professional tipsters still often lose? Information is only powerful IF it's correct. Unfortunately a lot of professional tipsters aren't as good as they think they are. Anyone can charge for tips, but few can actually deliver the profit you need to succeed.
You only have to go on a betting site, forum or Twitter to know every man and his dog is a "tipster" or "racing expert" these days. Sadly most tipsters are rubbish and think nothing of advising s of people to bet on something they are clueless about. Free tipsters can often be the worse. Free tipsters regularly post on the biggest betting sites in the world.
These sites are worth MILLIONS but they somehow can't record their tipsters profit and loss and expect people to blindly follow their unproven "experts". It's time for YOU to stop listening and following the advice of the wrong people and to finally get the winners you deserve.
There isn't an easier horse racing tips service to follow and this is what you get.. By betting smart each-way bets we have more profitable bets than most other rival horse racing service. Let's face it anyone could pick an odds-on favourite. These are real tips that make YOU money. No Long Losing runs date! Forget placing risky bets. We are here to make you a profit, not your bookie.
Great customer support with a 30 Day Money Back Guarantee and unlimited email assistance. I've been a professional tipster for over 3 years and have been betting on horses for 15 years. Each Way Tips couldn't be easier for you to follow. We only bet each way and all bets are level stakes. Through listened to my customers I've learnt that what people want is reliable horse racing tips at odds that will actually make them a decent profit.
They aren't greedy, they just want a fair return and have had enough of the bookies and terrible tipsters. I know for a fact that horse racing can be extremely profitable. Of course tough periods exist as with any investment, but based on my past results I see absolutely no reason why over the long-term you wouldn't make a profit with Each Way Tips.
By joining you will get access to an honest tipster that puts YOU first and focuses on your long term gain. I am not someone who gives up or quits so expect winners for years to come. I truly believe that horse racing is the best way to beat the bookie over any other sport. The Each Way Tips system sticks to these 3 vital rules that assure it to be successful for me, you and anyone who is willing to follow.
Fantastic reliable tips. The each way tips give a good return. Yes you get some losers, but soon enough a winner comes through. This is the best racing tipster available. I was pessimistic when I started as my first few bets lost. Then the winners started to come in. The results are amazing. Tips are easy to follow and emails come in plenty of time.
Keep the winners coming! If you back the Each Way Tips you can repeat my success. It's that simple. My low risk, no-nonsense approach has done wonders for my betting profits and can do for yours. With each way tips we avoid the small returns of short priced favourites. We have a safety net of gaining profits from both the horse placing as well as winning.
This helps us avoid the long painful losing runs that can occur when you bet to win rather than each-way. You and I both know the bookies would shut me and you down within minutes. What I can promise you is that I will put the work in week in week out, 52 weeks of the year to deliver you the very best each-way horse racing tips. I have spent many months researching this and testing and these are the very best Each Way Tips you can get.
If you are struggling to make a profit from horse racing the last thing you want is an expensive tipster subscription. Sadly, many rogue tipsters are motivated only by money and are out to rip you off. This is a one-time deal and it is essential that we don't have too many members to keep odds prices achievable.
Simply scroll below to view my low price offer If you are unhappy for whatever reason with Each Way Tips in the first 30 days of purchase, just let us know and we'll send you a full no questions asked refund. Get ready to back Each-Way Winners! Professional Each Way Tips Service. Pete Thomson. Most Popular. Monthly Access to Each Way Tips. Rebills Monthly. You May Cancel Anytime. One-Off Payment. No Rebills. Tips are sent around AM each morning Tues-Sat.
I take a break Sunday and Monday as the racing is usually poor and it gives time to recharge. We use a point betting bank and bets are always 1 each way 2 point total. For lowest risk start of at small stakes and increase when you profit. We give a 30 day money back guarantee to ensure if you are not satisfied you can have a full refund. We also suggest betting at small stakes at first and reinvesting profits so you are betting with the bookies cash.
Betting isn't risk free so we advise to only bet what you can realistically afford to lose. I have tested and researched this service for months. I believe I have valuable knowledge that is worth something to likeminded racing enthusiasts.
Each way betting is primarily connected with horse racing and racing fields in excess of four runners. Both the number of specified places and the fractional odds applied by the bookmakers depend on the type of race and how many runners there are in the field:. Big horse races, such as the Grand National, usually see a lot of novice punters betting each way.
Tournament-based competitions, such as the FIFA World Cup football , the Masters golf , Formula 1 motor racing , greyhound racing and cycling competitions all provide opportunities for each-way betting. The each way terms available differ depending on the sport, competition and market.
The selection is a horse priced at Decimal odds are pretty straight forward once you get the hang of them. For standard back bets you simply multiply your stake by the decimal odds to calculate your total return including your stake. Your profit is then your total return — your stake. Trying to calculate place odds for each way bets requires a little more understanding.
For example: if we back a horse at For instance, if all but one of your selections wins and the remaining selection only manages to be placed, the WIN element of the bet is void. The same outcome would occur if one selection wins but the remaining selections only manage to be placed. Still, you will receive a return for the place element of the multiple each way bet.
If just one of your selections fails to win OR place, the entire multiple each way bet is void. It is important to remember that should your first selection win, the returns from that bet DO NOT become the stake for subsequent selections. If one of your two selections wins but the other only manages to place, the win element of the each way double is void. If one of your three selections wins, but the other two only manage to be placed, the win element of the each way treble is void.
An each way accumulator follows the same principles as an each way double or treble. The only difference is that the number of selections made is chosen by the bettor instead of the bookmaker.
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