The essence of Each Way betting is placing two different bets on one event. The first bet is responsible for the possible victory of one player or team, and the second for taking premium places, e.g. a place on the podium. Each Way bets are used primarily in horse racing, because in this type of race, betting on the result is incredibly difficult to predict. Players who are only interested in football, tennis, basketball and other similar popular sports are probably not aware of the existence of Each Way bets.
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How does Each way betting work?
To understand the idea behind Each Way betting, let’s use an example. Imagine a horse race and bets on a given race. In this situation, the player can place two bets on one horse. The first bet means that the selected horse will win, the second bet is for a place in the top – the player bets that his horse will take a place on the podium. The most favorable result for the player is of course the victory of the selected horse, in such a situation the bettor wins both bets. If the selected horse does not win, but takes a place on the podium, the player is settled only on the second bet. In the case when the horse does not take any premium place, the player loses both bets.
What are the advantages and disadvantages of Each Way betting?
The main advantage of Each Way bets is that they significantly increase the chances of winning. In a situation where the first bet is not fulfilled, there is a chance that the second one will be successful and thanks to this the player will be able to recover some of the invested funds. It allows players to win not only in the event of the victory of the bet horse, but also in the event of taking a place on the podium. If both bets are settled positively, the player will receive the winnings for two bets. In such a case, the total winnings on the coupon will be very attractive.
The main disadvantage of Each Way bets is the high cost of playing. These bets require two bets, which may result in higher costs. It is also important for the player that Each Way bets very often involve complicated betting conditions. This forces a much more demanding analysis than in the case of other bets.
Who is Each Way betting suitable for?
Each Way bets are rather reserved for players who have experience in sports betting. The player should also have the ability to estimate the chance of winning. Like any other bet, Each Way has its pros and cons, which I mentioned earlier. This type of strategy involves much higher costs than other bets, which means that not every player can afford this type of game.
