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| Bet Type | Total Bets | Total Won | Total Placed | Total Lost |
|---|---|---|---|---|
| Total | 0 | 0 | 0 | 0 |
An Each Way Bet is made up of two separate bets, a Single and a Place Bet.
Each Way betting is simply two bets on a single selection. One section of the bet is for a win, the other section is for the bet to be placed; placed is to come between 2nd, 3rd or 4th. So if your selection wins, you’ll be paid for both parts of the bet, but if it’s placed, then you’ll only be paid for the place bet. Each-Way terms vary but quite often they are ¼ or 1/5 the odds.
To put it into practice, a CA$5 Each Way Bet totals to CA$10. If your selection wins at odds of 8/1 your paid out CA$8 for every pound you spend plus your initial stake of CA$5 for the win part of the bet. So that’s CA$45 just for winning. The second part of the bet also has some winnings. If the each way odds are ¼ that means you’ll be paid ¼ of 8/1 for the place part of the bet which is 2/1 for your CA$5 stake for place that returns another CA$15. Totalling CA$60. If you selection was placed, you’d only be entitled to CA$15 in total just for the place part of your bet as the win section had lost.