Each Way Betting is most common in horse racing, and events with a big field of competitors such as golf and tennis. Each Way Betting comes into play slightly less often in football, with only two possible winners in an individual match, but is most commonly offered on the winner of a league, cup or tournament where finishing ‘places’ are easily determined.
The benefits of Each Way football betting is the better value it can offer than you’ll find offered on standard “1X2” football match outrights. It can be a good choice when you’re not looking to back the favourite, but feel some confidence that your preferred selection will fare well, if not necessarily actually winning the competition in question.
Each Way football betting can also be a good choice if you have a strong fancy for a big-priced outsider to do well. For example, with a fair wind and a good draw, it’s distinctly possible for an unfancied team to reach the FA Cup final (Portsmouth, Stoke City, Wigan Athletic, Hull City, Aston Villa, Crystal Palace and Watford have all done so in the last 10 years) and thus make a very healthy profit from an Each Way Bet. Many bookmakers will offer half the odds for an Each Way Bet if the selected team reaches the final. Picking out that surprise finalist while the early rounds are still in progress is the tricky part, of course!
Making sure your EW Bet profits
To ensure you’ll generate a profit, you should only consider an Each Way Bet if your selection is priced at least 4/1. Anything shorter than that and you will not generate a profit if your team is placed, as the pay-out will be a quarter of the price (or in some cases only a fifth).
An Each Way Bet is one for those who prefer the delayed gratification of watching a bet play out over the long-term. There’s not quite the quick thrill of backing a horse or the immediacy of an in-play football bet. It’s more a slow-burning intrigue of following your selection’s undulating fortunes unfolding over the course of a season or tournament.