Each Way Horse Racing Bet

An "Each Way" horse racing means that you are betting on a horse to either "Win" or "Place" in just one bet for the same amount. This means that a $10 "Each Way" bet is actually a $20 bet - $10 for the "Win" and $10 for the "Place".

If your selected horse comes second, third or fourth (depending on how many places are paid) then you get either 1/4 or 1/5th of the odds of your place stake (depending on the each way terms for the race).

If your selected horse wins", you're up for a big payout as you will receive both the "Win" dividend and the "Place" dividend! Pretty awesome right?

Here's an example with the runners of the 2018 Melbourne Cup:

NO. HORSE WIN PLACE
1 Best Solution (6) T: Saeed Bin Suroor | J: Pat Cosgrave 16.00 5.00
2 The Cliffsofmoher (9) T: Aidan O'brien | J: Ryan Moore 23.00 7.50
3 Magic Circle (17) J: Corey Brown | T: Ian Williams 7.00 2.60
4 Chestnut Coat (4) J: Yuga Kawada | T: Yoshito Yahagi 71.00 19.00
5 Muntahaa (13) J: Jim Crowley | T: J H Gosden 19.00 5.50
6 Sound Check (16) J: Jordan Childs | T: M D Moroney 41.00 11.00
7 Who Shot Thebarman (18) J: Ben Melham | T: C J Waller 31.00 18.00
8 Ace High (22) J: Tye Angland | T: David Payne 71.00 4.00
9 Marmelo (10) J: Hugh Bowman | T: H Morrison 12.50 4.18
10 Avilius (11) J: Glyn Schofield | T: James Cummings 16.00 2.15
11 Yucatan (23) J: James Mcdonald | T: A O'brien 6.60 19.00
12 Auvray (1) J: Tommy Berry | T: R A Freedman 81.00 19.00
13 Finche (15) J: Zac Purton (54.0kg) | T: C J Waller 26.00 6.50
14 Red Cardinal (5) J: Damien Oliver | T: D K Weir 31.00 9.50
15 Vengeur (2) Masque J: Patrick Moloney | T: M D Moroney 71.00 14.00
16 Ventura Storm (7) J: Mark Zahra | T: D & B Hayes & T Dabernig 34.00 9.50
17 A Prince Of Arran (20) J: Michael Walker | T: Charlie Fellowes 23.00 6.50
18 Nakeeta (3) J: Regan Bayliss | T: Iain Jardine 81.00 26.00
19 Sir Charles Road (14) J: Dwayne Dunn | T: L O'sullivan & A Scott 101.00 26.00
20 Zacada (24) J: Damian Lane | T: M Baker & A Forsman 101.00 26.00
21 Runaway (12) J: Stephen Baster | T: G Waterhouse & A Bott 41.00 12.00
22 Youngstar (8) J: Craig Williams (51.5kg) | T: C J Waller 11.75 3.50
23 Cross Counter (19) J: Kerrin Mcevoy (51.0kg) | T: Charlie Appleby 12.00 2.80
24 Rostropovich (21) J: Wayne Lordan (51.0kg) | T: A O'brien 23.00

Let's say you placed a $10 "Each Way" bet on Cross Counter – this means you made a $10 "Win" bet and a $10 "Place" bet for a total stake of $20. Of course he won the race, so you'll take home $400 in total winnings - $120 from the "Win" portion and $280 for "Place" portion of your "Each Way" bet! Not too shabby for a $20 stake.


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