Each way betting is a popular form of wagering in horse racing that essentially combines two bets into one - a win bet and a place bet. This type of betting is particularly advantageous when betting on horses with longer odds.
The basic rules of each way betting involve the bookmaker offering specific terms, typically expressed as a fraction of the win odds. Common terms include 1/4 or 1/5 of the odds for a certain number of places. The number of places paid depends on the number of runners in the race. For example, in races with 5-7 runners, usually only the first two places are paid, while in races with 8 or more runners, typically the first three places are paid. Handicap races with 16 or more runners often pay on the first four places.
Your stake is effectively doubled when placing an each way bet. If you bet ₹1000 each way, your total stake becomes ₹2000 - ₹1000 for the win part and ₹1000 for the place part. If your horse wins, you collect both the win and place portions. If your horse only places, you lose the win part but collect the place winnings. If your horse doesn\“t place at all, you lose both parts of your bet.
Understanding each way betting rules is crucial for Indian horse racing enthusiasts as it provides a safety net for your bets and can be particularly profitable when backing horses at longer prices. |
