Each Way Betting In Formula 1

Betting is one of the most popular forms of entertainment in the world, with millions of players engaging in the activity every single day. One of the most popular forms of betting is sports betting which involves predicting the outcome of a sporting event in return for a prize. Sports betting including on Formula 1, is popular in many countries around the world.

This article will focus on Each Way betting, which is one of the many forms of betting. Today we will break down what each way betting is so that you can be fully informed when betting in the future and how an each way betting calculator can help you. .

How Does Each Way Betting Work?

Each way bets are markets commonly used in Formula 1. In most sports, when placing an outright bet, you try and predict the winner; however, with Formula 1 including 20 drivers, the chances of being right can be quite slim.

This is where each way bets come in. Each way bets give you a chance to get a return on your money if the driver finishes in a podium position. Each way betting involves betting on two outcomes of play instead of one. These outcomes are your racer winning the race or finishing 2nd or 3rd place.

Because there are essentially two bets being placed, the prices adjust accordingly. So, for example, you place a £2 stake on an each way bet; you are betting £2 that the racer will finish first and £2 that they will finish in the top 3 positions, making a total of £4.

How Do I Win?

If your driver wins the race, you will have won the win part of the bet; however, if your driver places but doesn’t win, you will only win that part of the bet.

How Much Do I Get With An Each Way Bet?

The amount won also depends on multiple factors, such as whether or not the racer placed or won and the odds placed on the bet.

For example, let’s say your racer wins at 40/1, and you’ve backed him for £2 each way, which is £4 in total. The £2 ‘win’ portion pays out £80 plus the original £2 stake, which is returned, providing a win of £82.

Due to winning the race, you’ll get paid for the ‘place’ portion of your bet too; however, bookmakers will typically only pay out ¼ or ⅕ of the odds. So, for example, if the ‘place’ portion pays out, it will work out like this. A fifth of 40/1 is 8/1, and therefore, you will win £16 plus your £2 each way stake back. This will result in an overall win of £100.

Where To Place The Bet?

You can place an each way bet at any physical sportsbook or online at any online sportsbook. You should always check around for the best odds and offers available before placing your bet.

What Is The Difference Between A Win Bet And An Each Way Bet?

A win bet is where you place a wager on who you think will win the event outright. In Formula 1, you will only be paid out if the driver you bet on finishes 1st. With an each way bet, you can be paid out on the top 3 positions so if your chosen driver finishes 2nd or 3rd you will be paid out on the each way bet.

Betting Calculator

An each way bet calculator is a calculator which can help determine outcomes and profits of different bets, odds and stakes. The the bet calculator is very easy to use. All you have to do is enter your stake, which will then be multiplied by 2 for the total stake. Choose the format in which you want to enter your odds, whether it be fractional, decimal or American. Then you will be presented with the total return and total profit. This is very useful as it can help you determine which bet you would like to place and help you plan and perfect your betting strategy.

Why Bet Each Way

Betting each way is a great way to hedge your bets. It may either cost double or pay out less as a regular win bet; however, your odds are greatly increased. The prize may not be as great, especially if your driver only places. However, this betting strategy is much less risky than winning bets and allows players to come away with more frequent wins.

Formula 1 Each Way Betting Summary

Each way betting is a form of placing stakes that reduces your chances of losing in Formula 1 but also other sports such as horse racing. If you are going to partake in each way betting, then we recommend shopping around for the best offers and odds, as well as using the betting calculator to plan out your stakes and to see how much you can expect to earn back in return.