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Each Way is a type of betIt's a type of bet where you can still win if your choices comes in 2nd/3rd/4th depending on the market. The bet is split into 2, half placed on a straight win and half on, say the next 4 places. This is popular in horse racing but is used in football, in some markets, eg. First goal scorer.

An each way bet, is a bet on a winning place and also a bet on 2nd and third place, and sometimes on 4th place in large races.

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Q: What does 'each way' mean in horse racing?
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