Each Way Bet

This plan is exactly the same as the 'Level Stakes' plan, but instead of staking the same 'level' stake on each horse to 'WIN', the bet is split in 2, half the stake is on the horse to win, and half the stake is on the horse to place.

The definition of the horse placing depends on a few factors:

  • The number of horses that ran in the race,
  • The type of race, (Handicap or non-handicap)
  • If it is a specialality race, (Grand National)

Here are the actual rules:

No. of runners Places Winnings
2 - 4 runners No places, win only N/A
5 - 7 runners 1st - 2nd 1/4 odds
8 - 11 runners 1st - 2nd - 3rd 1/5 odds

For more than 11 runners it depends on whether it is a handicap race or a speciality race:

NON-HANDICAP RACES
No. of runners Places Winnings
12+ runners 1st - 2nd - 3rd 1/5 odds

HANDICAP RACES
No. of runners Places Winnings
12 - 15 runners 1st - 2nd - 3rd 1/4 odds
16+ runners 1st - 2nd - 3rd - 4th 1/4 odds
Speciality race 1st - 2nd - 3rd - 4th - 5th 1/4 odds

If your horse wins, you win both parts of the bet. If the horse places, you lose the win part of the bet, but win the place portion at the fraction of the odds specified above.

This is a very popular plan as it increases your chances of 'winning' or making a profit from your bet, and from a common sense point of view, if you are backing a horse that you think should win, it should at least finish near the front of the field. It also allows you to pick a long shot that may not be the first choice, but offers a very good 'value' bet as it has a far better chance than the odds dictate, and even if the horse doesn't win, you will still profit if it places, (which in fact is if the odds are greater than 4/1).

There are times when the favourite is well odds-on and it is so poor value to back it that the best idea in this scenario is to back a horse to come 2nd.

If you are interested in betting each way, take a look at a plan which takes this idea to the next level, the 'Each Way Doubles' plan, which attempts to compound the odds by taking the profits from one place bet and puts it onto another.

Selection Stake Finished Win Winnings Place Winnings Balance
£100.00
Horse #1 £5, (£2.50 EW) 6th -£2.50 -£2.50 £95.00
Horse #2 £5 WON @ 2/1 £5.00 £1.25 £101.25
Horse #3 £5 2nd @ 5/2 -£2.50 £1.56 £100.31
Horse #4 £5 3rd @ 7/4 -£2.50 £1.09 £98.91

So, when Horse #2 won,instead of winning £10 which we would have done had we put the full £5 on the horse to win, we have won £6.25. And horses 2 and 3 placed, which means that we won the 'place' part of the bet, but we actually won less than the cost of the 'win' part, so we still lose money. In fact, we will only ever win money for a placed horse, if the odds are greater than 4/1.

Advantages

  • You more chance of making a winning bet
  • You can profit even if the horse doesn't win
Disadvantages
  • You will win less money on winning horses, than had you placed the full amount on the horse to win.
  • If the odds for the horse are less than 4/1, you will still lose money on bets that place.
  • You will kick yourself every time a horse wins, especially if the odds are good and wish that you had backed it to win.
  • The amount of money 'won' when your horse places does not compensate you for the money you don't win when your horse wins.
Summary
  • Number of losing bets to halve the initial Betting Bank : 10
  • Number of losing bets to break the initial Betting Bank : 20
  • This is a MEDIUM RISK Staking Plan
Look at our winners so far this month:
Cribbs Causeway£10 @ 5/2£25.00
My Girl Maisie£10 @ 5/2£25.00
Kentford Heiress£10 @ 13/2£65.00
Rock The Kasbah£10 @ 2/1£20.00
Total Winnings : £135.00
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