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Each way bet in football meaning – What is an each way bet?

Betting News

One of the most popular and commonly used phrases in sports betting is the each way bet. This is because it is frequently used because it offers a little backup plan to the main bet. Granted the each way bet is probably used more often in horse racing than it is than any other sport and that is because of the bigger prizes that you find on runners in a race. If you have eight horses, for example, running in the race then you are naturally going to find bigger prices and options to get into as opposed to one of two teams winning a football match.

But you can find decent each way value when you skip over match outrights and look at longer term options such as league winners or cup winners. Then the each way bet can come into play a little bit better. So what does each way mean in betting? It means that, say for example you are backing Liverpool to win the Premier League, you are essentially backing Liverpool to win and covering yourself to some extent in case they don’t.

Naturally, the race for the title is going to be competitive and that means you may want to take a little back up plan. So if you back Liverpool each way to win the Premier League, it means that you get paid out in full if they do win, but if they only place (finished second or third) then you would collect 1/4 odds back.

How does an each way bet work?

Let’s look at this in a little more detail then. Let’s say you have a £10 stake on Liverpool at 10/1 to win the Premier League. You are essentially making two separate bets. One to win and one to place (the each way part). What does win and each way mean, well the win portion needs your selection to win their event/match or whatever it is. Each way means that you need them to finish in one of the designated places (either second or third generally) to get a payout at an odds reduction. So in an each way bet, the initial stake will be doubled because you are making two bets, so a £10 each way will need a stake of £20 (£10 going to the win portion, £10 going to the place portion).

In order for the bet to win, you selection obviously needs to be successful. To collect on the Place part of the bet, you will need your selection to finish in one of the number of places on offer in the given market (which will vary from market to market). Going back to horse racing, it is usual that you will get three places. So if you backed your selection each way and they came home third, you would be paid out only on the Place portion of the bet.

You can always use an each way bet calculator to figure out how much you would get back if your selection was to place. That’s the easiest way to look at things and then you can assess whether or not you would be happy with what you get back compared to the outlay. Naturally, because you are upping your stake for this extra bit of insurance and only getting 1/4 odds back (it’s usually 1/4 odds but some markets may have 1/5 odds on them) it is rarely worth backing really short-priced options to start with in an each way bet.

For example, if you back a horse at even money each way, you would be getting the £2.50 profit back (a quarter of the £10 stake on the Place portion of the bet). But remember in this scenario the win portion, that other £10 stake on the bet will have been lost. So you will have staked £20, returned £12.50 for a loss of 7.50.

Let’s say you hit up William Hill then and go for a £10 each way bet on Liverpool at 10/1 to win the Premier League. That’s a £20 stake you are putting up, but if they only place, you would collect back a decent enough profit of £25 if they were to miss the title, but get close in the top three. So that is where the bigger priced option makes more sense. But there is something more to this, because if the wager wins, then you not only get the win portion of the stake but you would also win the each way portion of the bet as well at the quarter odds, so it’s important not to forget that!

Here is winnings in an each way bet explained for both outcomes:

A £10 each way bet on Liverpool at 10/1 to win the Premier League

That equals a £10 x 2 stake = £20
£10 x 10/1 odds = £100 win plus £10 return
£10 x 1/4 odds (quarter each way odds) = £25 win plus 10 return

If the bet wins that is £100 + £25 plus £20 stake back = £145 total

If the bet places that is just the £25 win plus 10 return = £35 total

So that is how the each way bet can pay off well when you are looking at those bigger priced options. They can offer a little coverage on a big league winner market if your selection narrowly misses out. The other way to consider an each way bet is by looking at a big priced underdog who may surprise in getting close. Going back to horse racing, if you find a 30/1 shot, which is naturally going to be an outsider, but you think they could get close. Backing them each way could offer tremendous coverage.

30th July 2017 / lee - Category: Betting News

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All Royal Ascot races covered by Coral’s Money Back Special

Coral

Most fans of horse racing will look forward to his week in June when the renewal of Royal Ascot comes around again. It is a treat for racing fans with a total of 30 races being contested across the five days of action and eight of those will be top Group 1 affairs as well. The action from Berkshire starts with the Queen Anne Stakes on Tuesday, June 20th at 2.30pm. With so much action around, Coral are offering a little insurance to soften the heartbreak of seeing a runner lose by a length or race at Ascot this week!

Get your money back as a free bet at Coral if your horse is beaten by a length or less – ALL Royal Ascot 2017 races.

So don’t miss this great money back special. To qualify for money back, simply place a £10+ bet on any race from Royal Ascot and if your selection finishes second, beaten by a length or less, we will give you money back as a free bet up to £25.

This offer only applies to the standard Win and Each Way market and does not apply to any speciality market including green tick/win only, place only, betting without or any enhanced price specials. The offer applies to both new and existing customers and this is available through to 18.00 BST 24/06/2017. There is a minimum bet of a £10 win single or £10 EW bet required to qualify for the beaten by a length offer.

Online betting site Coral offers a Bet & Get Club for their customers. Each week from Monday through Thursday, if you make the qualifying stake amount of £25 across any sport in their sportsbook, then on Friday you will claim a free £5 bet back to use that weekend! You can opt into this great promotion each and every week and start amassing those free bets just from your regular betting! The offer is open to new and existing customers. Register an account with online betting site Coral and also enjoy £20 worth of free bets as well from them!

19th June 2017 / lee - Category: Free Bets & Bonus

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Get a free bet on every Royal Ascot 2017 race at Betvictor

Betvictor

There is a big week of racing action to come from Royal Ascot 2017 and there is a total of 30 races across the five days of action for punters to get stuck into. This is the most famous race meeting in the world and the action starts with the Queen Anne Stakes at 2.30pm on Tuesday and will roll through to Saturday when the last of the eight Group 1 races, the Diamond Jubilee is ran. It is a busy week of action to come and at Bet Victor you can claim a free bet for each and every one of those races.

Place a £10 bet on any sporting event and get a £1 Free Bet for all 30 races at Royal Ascot from Betvictor and a Free £10 Casino Bonus!

This offer from Bet Victor is for new customers only. So you will have to register first. Then go and place a bet of £10 on any sporting event at odds of Evens (2.0) or greater and receive 6 x £1 Free Bet for Day 1’s races at Royal Ascot upon placement of your qualifying bet. Receive £6 in Bonus Funds every subsequent day by 9 am BST from Betvictor for the day’s Royal Ascot races. This offer will be open until 2.30pm BST on Tuesday the 20th June which is when the first race of the meeting will go off. Qualifying bets which are Cashed Out, or Partially Cashed Out will be excluded from the promotion and deposits made through Moneybookers (Skrill) or Neteller are excluded from receiving this welcome offer.

19th June 2017 / lee - Category: Free Bets & Bonus

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William Hill offer Guaranteed Winner for Royal Ascot

William Hill

Royal Ascot, with its rich history and customs, will be back in action this week for the latest renewal of the famous Festival. Online betting site William Hill have a huge deal running for the Festival, which starts on Tuesday. The action starts with the Queen Anne Stakes at 2.30pm which is being headed up by Ribchester and one of the feature races of the day will be the King’s Stand Stakes where Marsha and Lady Aurelia are duking it out as 3/1 joint favourites.

Place a £10 bet on any UK or Irish horse race between 09:00 Saturday 17th June and 15:40 Tuesday 20th June at William Hill and £5 will be automatically placed on whoever wins the King’s Stand Stakes at Royal Ascot. (3.40 Royal Ascot).

This is a new customer exclusive offer and after signing up with the promo code ASCOT, you must stake a minimum of £10 on UK or Irish Horse Racing (e.g. £10 single or £5 each-way) and at single/cumulative odds greater than 1/2 (1.5). Then in return, a £5 free bet stake from William Hill will be settled at the SP of the winning horse in the King’s Stand Stakes (3.40 Ascot) on Tuesday 20th June and the winnings will be paid as a free bet (less the £5 free bet stake), up to a maximum amount of £100. So for example, if Just Glamorous wins at 25/1 the free bet credited will be £100!

19th June 2017 / lee - Category: Free Bets & Bonus

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Paddy Power Royal Ascot Money Back Special – Tuesday, June 20th

Paddy Power

The famous Festival is here and it will be eyes down on Berkshire for Royal Ascot 2017. It’s a busy week of racing as we have 30 races to look forward to at the course where Ryan Moore will be aiming to finish as the top jockey and trainer Aidan O’Brien after a strong Classics session will look to dominate. There are eight Group 1 races going off across the five days and on Tuesday, two for the feature races are the 2.30 and 4.20pm

The 2.30 pm Festival Opener is the Queen Anne Stakes, a cracking Group 1 race which is being headed up by the powerful Ribchester who no-one has been able to touch in the betting market. Later in the afternoon, we get to see one of the star attractions of the entire festive, Churchill going out in action in the St James’s Palace Stakes where he will look to get the better of Barney Roy once more.

If your horse finishes 2nd, 3rd or 4th to the SP Favourite in the 14:30 Royal Ascot and 15:40 Royal Ascot on Tuesday, Paddy Power will refund your losing single stake as a free bet.

This offer is open to both new and existing customers and applies to win singles and the win part of each way singles only. There is a Max free bet refund £25 per customer per race and the free bet will be available to use on any horse racing market for 7 days from when it is credited. Paddy Power will be running this offer on two races every day through to June 30th, 2017.

19th June 2017 / lee - Category: Free Bets & Bonus

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50% Cashback On Losses Up To £200 at Epsom offer at Betbright

Betbright

Days in British racing don’t get much bigger than the first Saturday in June, which is the annual running of the Epsom Derby. Across the day at the famous Downs, there is an action packed day of racing, with the highlight being the Derby which is off at 4.30 pm. That is the Epsom Derby, the famous Classic which holds the biggest purse in UK racing. At the head of the market Cliffs of Moher and Cracksman can’t be separated as 4/1 favourites. But the dangerous Permian along with Eminent are going to lay down some serious challenges in the famous race.

Register an account with Betbright and get 50% Cashback On Losses Up To £200 at Epsom on Saturday!

Just sign up with Betbright and place your first bet on any race at Epsom (03/06/2017). In return for doing that, Betbright will give you 50% Cash Back on your net losses – up to £200!

The minimum cumulative stakes for the offer is £25 and is only available to new customers. The first bet must be placed on any race at Epsom and each Way bets qualify. The offer is limited to one per customer, IP address and household or other common identifier. Customers who qualify for this offer will be awarded 50% cashback on net losses at Epsom (03/06/2017) Horse Racing up to £200 and there is a minimum refund of £25.00. Net losses are when total losses exceed total wins. Cash Back will be awarded the day after the bet settles at 11:30. Customer’s depositing via Skrill will not be eligible for this offer.

 

3rd June 2017 / lee - Category: Free Bets & Bonus

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Epsom Derby Money Back Special at Boylesports

Boylesports

The big race of the weekend is the 2017 Epsom Derby, which is the richest race in the UK. This second leg of the Triple Crown has a fantastic history, which has produced some thrilling races down the years. Dominating the Classics at the moment is trainer Aidan O’Brien and he is back for a serious challenge in this one with joint-favourite Cliffs of Moher. Joining him at the head of the market is the lightly raced Cracksman with Frankie Dettori in the saddle. But with Eminent at 7/1 and Permian at 10/1, the race should be very competitive.

Get your Money back as a free bet at Boylesports if your horse finishes 2nd or 3rd to the SP Fav in The Epsom Derby.

Only first bet on the race qualifies for promotion and you have to go and opt-in to this promotion. There is a maximum refund of £20 per customer as a free bet through the offer and it applies to the outright betting on the race only. Applies to win singles & win part of e/w singles only. If there are Joint/Co SP Favourites in the Race, both shall be deemed as an SP Favourite. Cashed out bets will not qualify for this promotion. Customers depositing via Neteller or Moneybookers will not qualify for this offer. Register an account with Boylesports and place a bet of £10 or more at odds of EVENS (2.0) or greater, and receive £30 in FREE BETS.

3rd June 2017 / lee - Category: Free Bets & Bonus

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Racing Money Back Special offer Saturday, May 27th at Sportingbet

Sportingbet

There is a big day of racing on Saturday and online betting site Sportingbet are running some good coverage with their money back special for selected races on Saturday, May 27th. The promotion offers you some insurance of up to £25 per race!

Just place a bet on any of the qualifying races on Sat 27th May in the offer, and if your selection finishes 2nd, then Sportingbet will refund your stake as a free bet up to £25.

The qualifying races for this Sportingbet racing money back special are Haydock 2.20, Haydock 2.55, Goodwood 3.10, York 3.50.

The Haydock 2.20 is the Amix Ready Mixed Concrete Handicap with Parliamentarian heading up the market at a quote of 9/2. Then the 2.55 from the course is the Amix Silver Bowl Handicap where Maths Prize is a 13/2 favourite, tracked by Areen Heart, Graphite Storm, Indian Dandy and Mustarrid all at around 8/1. The Goodwood 3.10 is the Winners Are Welcome at Matchbook Handicap a Class 2 run over 7f and Horroob is 7/2 outright favourite with Bless Him back at 13/2 as the second favourite. The 3.50 at York is the Unibet Sprint Handicap with Out Do and East Street Revenue the main favourites there in that Class 2 run.

This offer applies to bets which are placed from 8am on Saturday, 27th May and this applies to win singles and the win part of each-way singles only. This will not apply to any wagers on un-named selections such as “the favourite” or to selections in multiple bets. Minimum bet size to qualify is £5 and is for the first bet only per race (max of one refund per customer per race).

Register an account with online betting site Sportingbet and enjoy their great welcome bonus offer. Sign up with them and then place a bet of £10 or more at odds of 1.5 or greater and in return you can get up to £50 in free bets!

27th May 2017 / lee - Category: Free Bets & Bonus

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Betbright new customer offer Newbury racing 50% cashback

Betbright

You can collect a great welcome bonus offer from Betbright if you are a new customer registering an account with them this weekend. Their welcome bonus offer is for Saturday’s racing from Newbury. You can get 50% cashback on your losses from them for the meeting which opens with the Aston Park Stakes at 1:50pm and also features the London Gold Cup Handicap and the Al Shaqab Lockinge Stakes!

To get this great offer from Betbright, sign up and then place your first bet on any race at Newbury (20/05/2017). Then, Betbright will give you 50% Cash Back on your net losses – up to £200!

To qualify for this offer you have to place a minimum of 3 bets on the Newbury card on Saturday with a minimum cumulative stake of £50. This offer applies to the first bet placed at Newbury and each Way bets qualify. Bets must be settled on that day and customers who qualify for this offer will be awarded 50% cashback on net losses at Newbury (20/05/2017) Horse Racing up to £200. There is a minimum refund of £25. Cash Back will be awarded the day after the bet settles at 11:30.

20th May 2017 / lee - Category: Free Bets & Bonus

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Racing Special – Money back if 2nd – Sat 13th May offer at Sportingbet

Sportingbet

Online betting site Sportingbet are running a good racing special to enjoy over the weekend. They are giving some coverage on a couple of races for Saturday, where you can get your money back. Place a bet on any of the below races on Sat 13th May, and if your selection finishes 2nd, the Sportingbet will refund your stake as a free bet up to £25.

The races that the promotion is valid for is the 3.10 Haydock, 4.00 Ascot.

In the 3:10 at Haydock there is a competitive line up going in the Pertemps Network Swinton Handicap Hurdle (Grade 3) which is being headed up by Peace And Co. But you have strong challengers coming in with the likes of John Constable, Optimus Prime and Multiculture who are all around the 8/1 mark for the Class 1 race.

The 4.00 Ascot is the running of the Totescoop6 Victoria Cup (Heritage Handicap), a Class 2 race over seven furlongs. Fastnet Tempest has been heavily backed to the head of the market in hat one at a price of 5/1 with Sportingbet. Nearest challengers to that are Remarkable and Taurean Star around the 10/1 mark.

The Sportingbet Money Back Special applies to bets placed from 8 am on the day of the race until the race off and it applies to Win singles and the Win part of Each- Way singles only. The offer will not apply to bets on un-named selections e.g. “the favourite”, or to selections in multiple bets. Minimum bet size to qualify is £5. First, bet only per race (max of one refund per customer per race). Free bets must be used in their entirety as a Win Single on any sport and cannot be split into multiple stakes. Register an account with Sportingbet and claim a £50 welcome bonus offer too.

12th May 2017 / lee - Category: Free Bets & Bonus

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