Each Way Betting as a Way of Increasing Winning Probability

Sport is a competition, and it is competition that makes sporting contests extremely popular around the whole world. Very often, every kind of sport has one or several favorites who contend for a main prize. That is why matches between these main rivals are always difficult to predict. Thus, numerous bettors utilize different ways in order not to loss their money. Each way bets are one of the available opportunities for it.

This kind of betting is widely used in horse racing and factually is represented by two separate bets. Experts recommend using it when a bettor believes that a horse will occupy a medal place, but he is not sure in its win. Odds for an occupying a medal place are obviously lesser than those for the first place. They are different for every single event and represented by decimals that can be calculated from odds for a direct win.

Let us consider an actual example. There is a horse with odds 2/1 (if you stake $100 you will obtain $100 profits). However, a bookmaker offers you to place an each way bet ¼ 1-2. It means that you bet both on the win and on the fact that the horse will occupy the second place. But, the second variant will return you a quarter of the sum if the horse won a race. Since the given bet is considered to be made up of two separate bets, the bookmaker offers a bettor to double the stake. In other words, you are to bet $200 instead of $100.

Thus, if your horse finishes first, you will obtain double profits – $200 for the win and $125 for the second place. If your horse ranks second, you will lose $75. Obviously, you will lose everything if your horse finishes third or even lower.

So, the each way bet is a kind of insurance bet that will be able to cover some expenses even if you guess only a part of an outcome. Of course, benefits will be available in the case of total win. It should be mentioned separately that each way betting can be used not only for horse racing, but also for other kinds of sport. For example, a bettor may place an each way bet on Brazil to win the World Cup. In this case, the bettor will obtain returns even if Brazil ranks second. The amount of these returns will depend upon actual odds onto this football team.