Each way betting is a common and popular wager type among Indian online betting enthusiasts, especially in horse racing and other sports events. It offers a safer way to back your favourite contender by splitting your stake into two parts — one for the win and one for the place.
To know how to place each way bet, first choose an online betting platform that offers this option. Once you select the event, such as a horse race or a cricket match with place markets, look for the 'Each Way' button or checkbox near the selection you want to bet on.
When you place an each way bet, your total stake is divided equally. Half of the stake goes on your selection to win, and the other half on it to place, which means finishing in a top position depending on the terms set by the bookmaker. For example, in horse racing, places usually mean finishing in the top 2, 3, or 4, depending on the number of runners.
The odds for the place part of the bet are typically a fraction of the win odds — commonly one-quarter or one-fifth — again depending on the bookmaker’s rules. This means if your selection doesn’t win but finishes in a place position, you still get a return on the place part of your stake.
Online betting platforms usually calculate potential returns automatically when you enter your stake. Make sure to check the terms regarding how many places qualify and the fraction of odds applied before confirming your bet.
Using each way bets in online betting is especially useful when you want to reduce risk but still have a chance of a payout, making it a popular choice in India’s growing sports betting community.