The most popular way to back a horse in the Grand National is the Each Way bet. It’s easy to understand why most people prefer this type of wager on the National, as the bet covers a horse finishing in any of the first four places. If you bet online with Betfair they’ll usually extend the finishing positions out to the first five places. An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place. A ‘win’ obviously means that the horse finishes the race first. The ‘place’ means that it finishes in any of the top positions. The exact number of positions paid out on a place bet varies bookie to bookie, but it’s usually the first 4 or 5. An each way bet means you can bet on a horse to win or to finish in one of the first few places (usually up to 4) which means that you have a better chance of winning some money. This guide will show you how to combine each way betting and matched betting to unlock even more value from bookmaker offers. Or you can choose an each-way bet, meaning the horse must finish in the top four in order for you to win. An each-way bet costs twice as much because the stake goes on both the horse to win and to ... An each-way bet, or ‘ew bet, is two bets: one bet for the selection to win and one bet for the selection to place. The place part of your bet will be settled in accordance with the place terms stated for the event. The general rule with Grand National each way betting is that because the place part of an each-way bet is ¼ of the winning odds, the benchmark price to bet each-way is around 4/1 or higher. Anything lower than 4/1 and unless the horse wins you’ll actually return a loss on your overall stake. An each-way bet consists of two separate bets: a WIN bet and a PLACE bet. You bet twice. One on a horse to win, the second on the horse to place. A win means that the horse finishes first, and place means that the horse finishes in the top two, three or four. Usually, the place bet is at 1/4 or 1/5 of the win odds. Why bet Each Way? Each Way betting gives you a return even if your horse doesn’t win. For bigger price horses, this could still be at significant odds. How does an Each Way bet work? When you place an Each Way bet, you are actually placing two wagers for twice the stake. The first part of the bet concerns the win, and for you to see a return from this part of the wager, your selection must be declared the event’s winner.
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