Guides > Billy121only > Win Only Or Each Way Betting?

Article written by Billy121only

Some Examples
In an 8 runner race, terms of 1/5 the odds a place would typically be offered. Let us assume that each horse has an equal chance and there is no profit margin for the bookmaker (if only!). In this circumstance, each horse would be a 7/1 chance. If we had £20 win on each, then we would stake £160 and return £160 whichever horse won. No profit or loss.

If we instead had £10 each way on all 8 selections; then we would again risk £160 but our returns are as follows;

On the 2 placed horses, we return £10 at 7/5 (7/1 x 1/5 the odds) = £24 each.

The winning horse returns £10 x 7/1 = £80 + £24 for the place part.

Our total returns are now £24+£24+£80+£24 = £152.

We have therefore made a loss of £8 or 5% of our stake.

Article written by Billy121only

Contents

• Introduction
• Some Examples
• Is Each Way Betting Bad?