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How does an each-way bet pay out?
If you bet £4 each way on a horse with win odds of 4/1 (total £8), you will lose £4 on your win bet if the horse places. However, the each-way bet will pay at evens (1/1) so you will return £4 plus your £4 stake and you will break even.
Is each-way betting worth it?
There is a case to be made for NOT betting each-way, as much as there is a case TO bet eachway. It depends on many, varying circumstances surrounding each bet. The general line of thinking is that a short-priced favourite is a good bet if you can back it each-way.
How does an EW bet work in golf?
An each-way bet in golf splits your bet into a "win" bet and a "place" bet. The fraction denotes how the odds will be cut for the place bet, and the numbers next to it indicate how many places will be paid out. In golf, it's common to get 1/4th the outright odds if the golfer finishes in places 1-5.
What does EW 1 5 mean?
If you place a bet which is EW (1/5, 3 places) and your horse finishes in the top 3, you'll win your bet. The place portion of your bet will pay out at 1/5 of the odds that you took that horse for. Should the horse come first you'll receive the pay out on both the Win and Place portions of your bet.
How much do I get on a 5 each-way bet?
£5 each way on a selection with odds of 10/1 (⅕ the odds, 3 places) will cost £10 in total (£5 win-only, £5 place-only). The win-only part of the bet (£5 win at 10/1) would return £55. The place-only part of the bet (£5 place at 10/1 at ⅕ odds = 2/1) would return £10.