What does an each-way bet mean and how does it work?

Each-way betting is usually associated with horse racing but can be used on other events such as football, golf and reality TV. Find all of the best free bets to use on this year's World Cup in Qatar.

Find all the best Grand National free bets for the 2022 Aintree Festival. If the selection wins, both the win and place parts of the each-way bet pay a return. If they don't, only the place part of it pays a returned.

An each-way bet is a bet on a place to place. The odds for the place part of the bet are a fraction of those for winnings. The stake is doubled for an each way bet.

What does an each-way bet mean and how does it work? Odds are the odds for the win part of the bet and the place part is the fraction of that.

The number of places paid for each-way bets is specified where the market is listed. The minimum number is based on the size of the field in the race.

Bookmakers offer extra places and more generous each-way fractions on selected daily races as a form of existing customer offer. Bettors are advised to shop around for the best possible each way terms.

There are two questions to consider when deciding whether to bet each-way or win only.

It's important to consider the win odds and place odds for your selection when deciding whether to back them each way. If the place part of your each-way bet pays out at a fifth of 5/1, which is evens (1/5), you get back the £5 stake from the places part and the rest of the bet plus £10 winnings.

There are different options for each-way bets depending on the number of runners in a race. In the 8-runner race, the bettor has to beat 5 rivals to place, whereas in the 15- runner race they have to finish ahead of 12 rivals.