An each-way bet is not one bet with a safety net. It is two bets, each with the full stake you typed, and the second one \u2014 the place part \u2014 is priced by a rule rather than by the market. Understanding that rule is what decides whether each-way is a good bet or two mediocre ones.<\/p>\n\n\n\n
\u00a310 each-way is \u00a320: \u00a310 on the horse to win at the full price, and \u00a310 on it to finish in the places at a fraction of that price. Back a 9.00 shot each-way at a fifth of the odds and the place bet pays 1 + (8 \u00f7 5) = 2.60. If it wins, both halves pay: \u00a380 plus \u00a316 profit. If it finishes third in a race paying three places, the win half loses and the place half returns \u00a326, so you are \u00a36 down on the \u00a320.<\/p>\n\n\n\n
| Runners<\/th> | Places<\/th> | Fraction<\/th><\/tr><\/thead> |
|---|---|---|
| 2 \u2014 4<\/td> | Win only<\/td> | \u2014<\/td><\/tr> |
| 5 \u2014 7<\/td> | 2<\/td> | 1\/4<\/td><\/tr> |
| 8 \u2014 11<\/td> | 3<\/td> | 1\/5<\/td><\/tr> |
| 12 \u2014 15 (handicap)<\/td> | 3<\/td> | 1\/4<\/td><\/tr> |
| 16+ (handicap)<\/td> | 4<\/td> | 1\/4<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Those are the standard terms. Big handicaps such as the Ebor often carry enhanced terms \u2014 five or six places \u2014 as a promotion, and Pelagic pays a quarter of the odds where the market standard is a fifth. Check the terms on the card, not the rules page: they vary by race.<\/p>\n\n\n\n \n Dead heats<\/strong><\/p>\n\n Two horses tied for the last place means your place stake is halved and paid at the full place price. A \u00a310 place bet at 2.60 in a two-way dead heat returns \u00a313, not \u00a326. The rule divides the stake, not the odds.<\/p>\n<\/div>\n\n\n\n The place half is good value when the fraction is generous relative to the number of places and the horse is likelier to place than its win price suggests \u2014 a consistent runner at a big price in a large field. It is poor value on a short-priced favourite, where a fifth of 3.00 is 1.40 for a place it will get most of the time. Best odds guaranteed, which Tallow applies to every UK and Irish race, improves the win half whenever the starting price drifts and, at most operators, the place half with it.<\/p>\n","protected":false},"excerpt":{"rendered":" Place terms, dead heats and why a fifth of the odds is not always the deal it looks.<\/p>\n","protected":false},"author":21,"featured_media":33822,"menu_order":14,"template":"","tags":[243,260,292],"spx_guide_topic":[462],"spx_guide_level":[445],"class_list":["post-38196","spx_guide","type-spx_guide","status-publish","has-post-thumbnail","hentry","tag-markets","tag-odds","tag-racing"],"_links":{"self":[{"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_guide\/38196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_guide"}],"about":[{"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/types\/spx_guide"}],"author":[{"embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/users\/21"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/media\/33822"}],"wp:attachment":[{"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/media?parent=38196"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/tags?post=38196"},{"taxonomy":"spx_guide_topic","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_guide_topic?post=38196"},{"taxonomy":"spx_guide_level","embeddable":true,"href":"https:\/\/preview.sportpulse.anpsthemes.com\/betting\/wp-json\/wp\/v2\/spx_guide_level?post=38196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |