What is an Each Way Bet?
A
bet that is offered by
Sportsbooks and refers to two separate bets with the same
stake: a win and a
place bet. This is most commonly used in horse racing and greyhound racing when the
bettor bets on the runner to win and
place (usually top 3 finishers). Win
odds are typically greater than
place odds given it is less likely to eventuate.
