The variety of bet types now available is staggering, but one bet that is perpetually popular is the each-way double. This sort of bet is popular with punters who are confident in two selections but also want the insurance of some sort of return should their picks only place (finish 2nd or 3rd). Still confused? We take a look at how they work in more detail below:
One site that offers daily tips on each-way doubles is The Winners Enclosure. This site offers free daily tips and previews on all practically race meetings, as well as updating followers with the latest place racing bets news. They offer a wide variety of tips, but their each-way double recommendations are often popular.
It’s also important to check your bookmaker’s each-way rules. Bookmakers will generally pay out a horse-placing at odds of 1/5, but this can vary, especially if it’s one of the major races as bookmakers compete to offer the best odds. Different races can also offer different place rules, the standard is if your horse finishes 2nd or 3rd, but this has been known to widen greatly down to six or seven places, again, usually for the more well-known races.
To offer a simple explanation, we breakdown how a basic each way double would work. The £1 place part of the bet is settled by dividing the price by the fraction that was offered before the race began (typically 1/4 or 1/5th)
20/1 @ 1/4 the odds: 20 divided by 4 = 5/1. £1 at 5/1 = £6 returns
20/1 @ 1/5 the odds: 20 divided by 5 = 4/1. £1 at 4/1 = £5 returns
As mentioned, each-way doubles are very similar to win doubles, but punters will generally go for bigger priced selections as they know they’re offered a better chance of returns due to the each-way insurance. And so, it’s advisable to stay away from two short priced selections with this sort of bet, as the each-way element may end up returning far less than your original stake.
Each-way doubles, like any other bet, are never a certain thing and so should be approached with caution, likewise with any other bet. We always encourage responsible gambling and only ever betting what you can afford.