Every Way betting

Every Way betting

from / BETTING GUIDE / Tuesday, June 08 2010 23: 29

In some types of betting, betting companies offer an option for placing a "every way" bet. This is a bet in which you predict that the team you have chosen will end in any of the top positions. Basically this is a multiple bet. A part of your bet goes to the win of your choice and another place goes into placing your choice in the top positions, eg ending second or third or ending within the range of positions the bookmaker will place on this bet.

Each way bets offer reduced odds as the winning probability is increased. Bet companies always show the odds they offer on regular bets and on each way bets. From the odds you can see what it is good to bet on according to the results of your study.

Let's explain it with some examples of the World Cup wager. Assuming a bookmaker offers 4 / 1 to win from Spain the World Cup then each way bets will pay ½ of the return for the first two positions. This means that if you bet € 1,00 in Spain to win the trophy, and win it, you will receive € 5,00. If you bet € 1,00 every way, then you will only receive € 3,00 if Spain conquers the trophy, but you have secured € 3,00 winnings even if you do not win it and take second place.

Let's see how each way works when we want to bet on the top scorer of the tournament. The second favorite in most books to come out top scorer is Wayne Rooney. The odds to score the most goals are 12/1, so for every euro you bet, you will receive € 13,00 if you come out first. But because we want to increase our chances we bet each way that in this case, bookmakers offer odds of 1/4 for the first five places. Therefore, if you bet € 1,00 each way and Wayne Rooney actually manages to score the most goals, you will only win € 4,00, but you will also win € 4,00 even if he takes any position up to the fifth.

In conclusion, each way bets are a way of reassuring our chances. We are winning less, but the chances of winning something are rising in this way.

Writer

Aris Triantafyllopoulos

Aris Triantafyllopoulos

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