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Each Way Bet Explained
An each-way bet is two bets of the same stake on one selection: one for it to win and one for it to finish in the places. That doubles the cost, so £5 each way costs £10. If the selection wins, both parts pay; if it only places, the place part pays at a fraction of the win odds, in horse racing usually a quarter or a fifth. Fortune Games is an online casino and does not take sports bets, so this guide explains how the bet works.
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At Fortune Games
| Operator | Jumpman Gaming Limited |
|---|---|
| Licence | Gambling Commission account number 39175, for remote casino and bingo games |
| Sports bets | Not offered, each-way bets included |
| Minimum deposit | £10 |
| Safer gambling tools | Deposit limits, take a break (24 hours up to six weeks), self-exclusion (six months or more), Reality Check and GAMSTOP |
How an each-way bet pays
Say you place £5 each way with a bookmaker on a horse at 10/1, in a race that pays the first three at a fifth of the odds. The bet costs £10, and the place part is settled at 2/1, a fifth of 10/1. Each return below includes the stake of the part that pays.
| Result | Win part | Place part | Total return from £10 |
|---|---|---|---|
| Wins | £55 | £15 | £70 |
| Finishes second or third | £0 | £15 | £15 |
| Finishes outside the first three | £0 | £0 | £0 |
The place part is only worth what the odds allow. At 2/1 with the same terms it is settled at 2/5, so a horse that places without winning returns £7 from the £10 staked. At longer odds the place part alone can return more than the whole stake, as in the 10/1 example.
Standard place terms in horse racing
How many places pay, and at what fraction, depends on the number of runners and the type of race. These are the standard terms in Tattersalls’ Rules on Betting:
| Race and runners | Place terms |
|---|---|
| Fewer than 5 runners | Win only: the whole stake goes on the win |
| 5 to 7 runners | First two, at a quarter of the odds |
| 8 or more runners | First three, at a fifth of the odds |
| Handicaps with 12 to 15 runners | First three, at a quarter of the odds |
| Handicaps with 16 or more runners | First four, at a quarter of the odds |
Bets are settled on the number of horses that actually start, so a non-runner can cut the places paid. A bookmaker can use other terms if it displays them, so check the places and the fraction on your bet slip.
If your selection finishes in a dead heat, the stake is split between the tied runners: in a two-way dead heat, half the stake is paid at full odds and the other half is lost.
Each-way bets beyond a single race
Bookmakers also offer each-way bets outside horse racing, for example on golf tournaments and some football competitions, with their own place terms for each event.
Multiple bets can be placed each way too. An each-way accumulator is a win accumulator plus a place accumulator, settled win to win and place to place: the win part needs every selection to win, while the place part needs every selection to place. The same applies to each part of an each-way Lucky 15, Yankee, Trixie or Patent, which is why an each-way multiple costs twice the stake of the same bet placed to win only. The same goes for larger full-cover bets such as the Heinz, 57 bets on six selections.
Frequently asked questions
What is the difference between a win bet and an each-way bet?
A win bet pays only if your selection finishes first. An each-way bet adds a place bet of the same size, so it costs twice as much, and the place part still pays if the selection finishes in one of the paid places without winning.
How do each-way odds work?
The win part is settled at the full odds you took, and the place part at the fraction in the place terms. With a fifth of the odds, a 10/1 selection pays 2/1 for a place; with a quarter of the odds, a 12/1 selection pays 3/1.
How do each-way bets work in an accumulator?
Each-way multiples are settled win to win and place to place. If every selection places but one of them does not win, the win accumulator loses and the place accumulator still pays at the place odds of each selection.
Related guides
Checked on 2 November 2026 against Tattersalls Committee’s Rules on Betting, Wikipedia’s each-way article, glossary of bets offered by UK bookmakers and dead heat article, the Telegraph’s each-way betting guide, OLBG’s guide to horse racing bet types, the Gambling Commission’s public register and time-out rules, our terms and conditions, FAQ and responsible gaming pages, and the lobby feed. How we research and check our guides: our editorial policy.