Each-way betting explained
An each-way bet is two bets in one: half your stake on the selection to win, half on it to “place” (finish in the top few). It is most common in horse racing but also used in golf and outright markets.
How it pays
The place part pays at a fraction of the win odds (for example 1/4 or 1/5), for a set number of places defined by the market. If your pick wins, both parts pay; if it only places, the win part loses but the place part pays.
When to use it
Each-way suits longer-priced selections in big fields where placing is realistic even if winning is not. Check the place terms — they vary by event and operator. 18+ only.