Each way betting in football – Facts you should know
A popular betting strategy, each way (E/w) gives punters the choice to select amongst several outcomes possible for a particular event. Such a bet is based on two similar but equal-sized bets, one which supports the win (often called the win bet) and the other which supports the selection to be either amongst the ‘places’, or to finish well or to be higher up. On the SBAT football predictions page, you will find not just endless tips, detailed statistics, but the best bets of the day and more
Each way betting has mostly been associated with horse racing. Such betting is possible when the racing track has at least four runners and riders. In such cases, bookmakers usually offer one-half, one-third, one-quarter or one-fifth on the odds on the selection, depending on the number of runners on the field at the time of the event.
Each Way Betting in Football
In terms of football, each way betting is fairly common, particularly in the outright betting markets. In tournaments and league formats, ‘places’ can be easily based on positions depending on how clubs have been ranked in the domestic league table or as winner or runners-up in a match. A good way to keep up with this is through staying up to date with the latest news!
Let us try to understand each way betting with a simple example. If you were to believe that Everton is likely to be this year’s champion or finish much higher up in the Premier League then you can go for each way betting.
Let us assume that the odds for Everton to win the Premier League are at 14.0, where the bookmakers are providing 1/3 odds for a 1-2 finish. This means that we can be guaranteed payback using each way betting provided Everton either wins the championship or comes second in the league. Let’s say you place £10.00 (E/W) Each Way bet by placing £20.00 in total.
If Everton wins the Championship then the winning returns with the preliminary stake would be £140.00. In case Everton does not make it as a champion in the Premier League then the £10.00 bet will be a lost bet.
Each Way Bet
Let us now see how each way bet benefits you even better: In case Everton finishes either first or second, then based on £10.00 wager placed on it at one-third winning odds @ 14.00, the winning returns including the preliminary stake would be £30.00. However, if Everton does not finish either first or second then the £10.00 betting amount will be a lost bet.
If Everton is declared champion, then both bets are won with a return of £150.00 (£140.00 + £30.00) from a preliminary stake of £20.00.
Thus, each way bets should be used when you firmly believe that the odds are either equal to or greater than 2.00. If you believe that each way odds are likely to be less than 2.00 then you’d be better off going for the win.