Apollo Tips: So You Want to Bet Each Way? A Beginner’s Guide to Horse Racing’s Double Whammy

Horse racing is a thrilling sport, and placing a bet adds to the excitement. But with all the different betting options available, it can be overwhelming for newcomers. One term that often throws people off is “each way.” Worry not, fellow punters! This blog post will break down everything you need to know about each way betting in horse racing, making you a pro in no time.

What is Each Way Betting?

Imagine this: you fancy a particular horse but aren’t sure it will win the race. Enter each way betting, your guardian angel in the betting world. It’s essentially placing two bets in one:

• Win bet: Your horse crosses the finish line first, and you win big!
• Place bet: Your horse finishes in the top few positions (usually 2nd, 3rd, or 4th, depending on the race and bookmaker). Even if it doesn’t win, you still get a smaller payout.

Think of it as a safety net for your bet. You cover both bases, increasing your chances of winning something, even if your horse doesn’t storm to first place.

How Does Each Way Work?

Here’s the nitty-gritty:

• Staking: Each way bets cost double a regular win bet. So, if you want to bet £5 each way on a horse, you’ll pay £10 (£5 for the win bet and £5 for the place bet).
• Odds: Place odds are usually lower than win odds, reflecting the higher chance of your horse finishing in the money. For example, a horse with 10/1 win odds might have 3/1 place odds.
• Payouts: If your horse wins, you win both the win and place bets. If it places but doesn’t win, you only win the place bet.

When to Use Each Way Betting?

Each way betting is ideal for:

• Horses with decent form but not the favourite: If a horse has a good chance of finishing in the top few but might not win outright, each way can be a good option.
• Large fields: In races with many runners, the chances of your horse winning are lower. Each way betting gives you a better chance of a return.
• Adding value to your bets: Combining each way bets with other betting strategies can be a smart way to increase your potential winnings.

Remember:

• Each way betting doubles your stake, so manage your bankroll wisely.
• Consider the number of places offered by the bookmaker before placing your bet.
• Do your research and analyze the horses’ form before placing any bets.

With this knowledge in your arsenal, you’re ready to conquer the world of each way betting! So, head to your favorite racetrack or online bookmaker, place your bets, and let the thrill of the race begin!

Bonus Tip: Check out different bookmakers’ each way terms and conditions. Some offer each way bets on more places than others, giving you more flexibility!