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Each Way Betting Guide

Despite the recent proliferation of betting opportunities resulting in a huge increase in the types of bet available, the most popular wager remains the win single.

Punters still appear to prefer this simple, straight-forward bet to the vast array of exotic multiple bet structures that the bookmakers are very keen to promote.

In this complicated betting environment one of the most profitable betting methods that appears to have been largely forgotten by punters is the Each Way bet.

The Each Way bet tends to be popular with small stakes punters at large events like the Cheltenham Festival and the Aintree Grand National but it is widely disliked by the bookmarkers and should be a regular weapon in every punter’s armoury.

The Each Way bet actually comprises two bets; a win bet and a place bet. So whilst your return will be reduced if your selection does not win there will be a return if your selection returns within a predetermined place.

The Each Way bet is most useful when looking at horse racing and despite bookmaking firms offering special deals there is a set criteria for the payments available to predetermined finishes.

So generally you are unable to bet Each Way on races with less than 5 runners and races with between 5 and 7 runners pays ¼ of the odds to the first two places. Races with more than 8 runners pay 1/5 to the first three places.

In handicap races with 12 to 15 runners the payments are ¼ the odds to the first three places and with 16 runners or more there is a payment of ¼ of the odds to the first four places.

So for example, if you struck a £5 Each Way bet then you total stake would be £10 (That amount is made up of a £5 win bet and a £5 place bet).

Assuming you were betting in a 9-runner race and your selection was available at 10/1 then a £10 Each Way bet would pay as follows.

If the horse were to win then you would win £50 for the win bet (10 x £5) and another £10 from the place bet. So you would return £70, made up of £60 profit and your full £10 stake.   

If the horse was to finish in second or third place in the race then you would lose your £5 win bet but the place bet would pay £10, plus the return of the £5 stake. So you would return £15 in total and make a £5 profit.

If the horse were to finish outside of the first three in the race then you would lose your total stake of £10.

It may seem complicated at first but it is a very easy concept to grasp once you try a few examples.

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The Each Way bet is a very powerful wager and can return some very good profits when combined with some carefully selections.

Tic-Tac Guide - Bookmaker's Slang

Tic-Tac is the slang and sign language used by bookies to let each other know the current odds at racecourses. If you've ever wondered why John McCririck is flapping his arms like a chicken on Channel 4 Racing, he's actually trying to communicate. Many years ago, bookies at racecourses found they could see each other, but not hear each other across the crowds, so they invented tic-tac sign language.

These days, even on-site bookies are hooked up to Betfair and there isn't really any need for Tic-Tac. However, people like to keep old traditions going and the slang is still widely used - especially by John McCririck!

 

UK Odds
Decimal
Tic-Tac Slang
UK Odds
Decimal
Tic-Tac Slang
1/1
2.00
Levels, you devils!
9/2
5.50
Shoulders
11/10
2.10
Tips
5/1
6.00
Handful or Ching
6/5
2.20
Sais a Wang
6/1
7.00
Xis
5/4
2.25
Wrist
7/1
8.00
Neves
11/8
2.38
Up the Arm
8/1
9.00
TH
6/4
2.50
Ear'ole
9/1
10.00
Enin
7/4
2.74
Shoulder
10/1
11.00
Cockle or Net
15/8
2.88
Double Tops
11/1
12.00
Elef
2/1
3.00
Bottle
12/1
13.00
Net and Bice
9/4
3.25
Top of the Head
14/1
15.00
Net and Roof
5/2
3.50
Face
16/1
17.00
Net and Xis
11/4
3.75
Elef a Vier
20/1
21.00
Double Net
3/1
4.00
Carpet
25/1
26.00
Pony or Macaroni
100/30
4.33
Burlington Bertie
33/1
34.00
Double Carpet
4/0
5.00
Roof
100/1
101.00
Century

 

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