Grand National Each Way Bets – The Most Detailed Betting Guide

16 August 2019
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The Grand National is a British institute and one of the most anticipated fixtures among horse racing fans. Every year, it attracts the undivided attention of thousands, if not millions, of punters. Even shortly after the race ends, next year’s event is already in the works. No wonder all major online bookmakers come forward with enticing Grand National offers and promotions the closer we move to April. Months before the big event, we see tons of exciting Grand National bets enticing both seasoned and once-a-year punters alike.

Among the most popular types of bets preferred for horse racing (the Grand National included) is each-way betting. Makes sense that Grand National each way bets are by far the most preferred types of bets every year. The trick here is to learn the ins and outs of placing Grand National each way bets to get the most out of your betting experience

Don’t worry, though. In this comprehensive Grand National each way bets guide, you will learn the basics and many more. In the end, you will be able to enjoy your Grand National each way betting endeavours in 2020 and beyond. From what is an each way bet to benefits of choosing Grand National each way bets over simple win-only bets, everything is right here. We even share an example of a Grand National each way bet to get the gist of it. So, stay tuned.

How to Lay Grand National Each Way Bets: Your Options

The traditional way of betting until a few years ago involved:

  • walking into a betting office near you and
  • laying your bet on the sport or competition or event or game of your preferences.

Placing a wager on a horse race is a simple, straightforward process, where you state the:

  • racetrack name,
  • number race you are betting,
  • money you want to bet with, and the
  • type of wager.

You take your ticket and you either tear it up or take it back to the window to collect your winnings. It all depends on whether it paid off or not. Things have evolved even further over time. High-street bookies, such as William Hill and Unibet, are offering valuable Grand National betting assistance to novice and pro bettors. Most likely, they hire lots of extra staff around the time of the Grand National to help punters. The goal? To make your betting adventure far more enjoyable and easy.

On top of that, you can place your Grand National each way bets without stepping foot outside your home – with online betting. In this case, all you have to do is pick a horse that you believe will win the race. Then lay a set bet on that particular horse to finish first. That is the first step to horse race betting and the particular bet type is a Win-Only bet. If you want to take things to an upper level, though, you need to move to Grand National each way bets.

Grand National Each Way Bets

 Explaining the Basics of Each Way Bets

An each-way bet comprises of two bets. One bet goes on the selected horse to finish first (to WIN). The second bet goes on the chosen horse to finish 2nd, 3rd, or 4th place (to be PLACED).

Note that an each-way bet is always of equal stakes. If, for instance, you bet £10, half goes on the horse to be placed. The other half goes on the horse to win. Now, if you want to place £10 on the horse to win, you should lay another £10 on the horse to be placed (so, £20 in total). The sums in each part the Grand National each way bets should always be equal.

Why Grand National Each Way Bets are Better than Win-Only Bets?

So, now you already know what is an each way. Let’s analyse the superiority of Grand National each way bets compared to win-only ones.

With a win-only bet, you only get a return from your bookmaker if your horse wins. If it doesn’t, you leave empty-handed. In an each-way bet, if your horse does not win, there is still hope to get some returns if it finishes 2nd, 3rd, or 4th place. This is money coming from your second bet (the Horse to be Placed part).  

Indeed, the type of bettor you are and how popular your horse is to finish first play a vital role in the outcome of an each-way bet. However, things can always turn south even for the best runner. With 40 runners and more than 30 fences to overcome across a 4+ mile range, you can never be 100% certain of the outcome.

The truth is that a, say, £20 win-only bet will get you more earnings if your horse wins. That is compared to if you placed that amount on a Grand National each way bet – £10 on the runner to take first place and £10 on it to be placed.

However, with Grand National each way bets you are safe in knowing that you will still get money in your pockets, even if your horse eventually takes between 2nd and 4th place.

So, while Grand National each way betting will cost you double the amount of a win-only bet, it gives you more safety and increases your chances to leave you with some cash in your wallet.

Placing Grand National Each Way Bets – an Example

Remember than a Grand National each way bet is actually two bets. You win if:

  • Your horse wins.
  • Your horse finishes second, third, or fourth.

Note this, though. If you have successfully guessed the winner of the Grand National, chances are you will be paid out the full bet (both parts of the bet). If the end of the race finds your horse between 2nd and 4th place (so, the second part of the each-way bet is won), you will be paid out at ¼  the odds. When it comes to these odds, two things apply:

  • You get the exact odds you took when you placed your bet.
  • Your bet is settled at the SP (starting price) odds at which your horse won. This happens when you let the bet ride.

Example:

Bet: £10 each-way (so, your total stake is £20) on Anibale Fly.

The odds for Anibale Fly to win the Grand National are 16/1.

If Anibale Fly wins, you receive:

  • £10 @ 16/1 = £160 (the Win part of your bet) + your initial £10 stake  = £170.
  • £10 @ 16/1 = £40 (1/4 of 16/1 is 4/1) + your initial £10 stake = £50 (this is the horse to be PLACED part of the bet).

Total winnings: £220 (£170 + £50).   

If Anibale Fly finishes 2nd, 3rd, or 4th in the Grand National, then you lose the winnings of the first part of your bet and only get the £50 the Place part of the bet gives you.

Grand National Each Way Bets with Extra Places – Best Each Way Bet for the Grand National?

Many bookmakers take this a bit further and offer more Grand National each way betting options. These are usually referred to as Extra Places and include bets where the horse has finished 5th or 6th. This means that you will still get paid out even if your horse crosses the finishing line 6th. It is probably the best each way bet on the Grand National profit-wise. As you can understand, an each way bet on the Grand National can have delightful “surprises”. More details about these Extra Places in a following section.

Grand National Betting

Working out your Grand National Bets

If you decide to place your bets in a bookmaker’s (physical) shop, chances are they won’t be able to work out your bets for you. Due to the attention the Grand National gathers, the betting shops are most likely crammed with bettors. Placing your best each way bet on the Grand National online saves you from all the worries. In any case, though, it is recommended to ensure you know what your returns are before accepting your earnings from your bet(s) after the race. Even the best each way bet at the Grand National can end up a disappointment if you miss something out.

Grand National Each Way Bets – Common Mistakes

What most novice punters forget is the nature of an each-way bet and the fact that it is two bets. This calls each stake to be doubled, regardless of the sum you wish to bet with. So, a £10 Grand National each way bet will cost you double that sum (£20 in total) – we explained why above.

Another common mistake is that they don’t double-check to see if their betslip actually writes “E/W” or “each-way” on it. It should be clearly indicated right next to the name of the runner you are backing. This applies to betting in a shop. For online betting, you need to make sure you click on the E/W box or button. It is the only way to state that you wish to lay an each-way bet. And, as soon as you do, you will also be instantly presented with the total stake amount.

Grand National Each Way Bets – Basic Rules

The Grand National is a handicap race. This means that each of the 16+ horses carries a different weight which is allocated by the handicapper. A heavier weight is carried by a better horse as a means to give it a disadvantage when racing against slower runners. Predicting which horse will overcome its handicap is the skill in betting on the Grand National or another handicap race. Following are the terms set for each-way bets:

Handicap Races:

Number of Runners Place Odds
2-4 1st (Win only) 100% the odds
5-7 1st and 2nd ¼ the odds
8-11 1st, 2nd, and 3rd 1/5 the odds
12-15 1st, 2nd, and 3rd ¼ the odds
16+ 1st, 2nd, 3rd, and 4th ¼ the odds

In the case of more than 16 runners, take note that all bookies in the UK must pay their customers at ¼ the odds on the place part and for placed between 1st and 4th.

In short, the best each way bet at the Grand National 2020 is the one that you will predict the horse which will finish in the top four places.

Best Each Way Bet Grand National  – Who will Offer Extra Places?

In fact, quite a lot of bookmakers. Given the fierce competition between online and offline bookies, there will definitely be promos related to extra places. Search through big names first, the likes of Paddy Power, William Hill, Betfred, and Unibet. Chances are you will find what you are looking for there. And, don’t be surprised if you see operators offering places right down to the 7th or even 8th. All that combined may allow you to lay the best each way bet at the Grand National in 2020. On the other hand, the odds will be slightly worse on the race.

Placing Grand National Each Way Bets from the US

Several US horse race betting platforms enable betting on the Grand National. Just make sure you go through the details of Grand National each way bets’ rules in America. That way, you won’t miss a thing when the action begins.

Best Each Way Bet at the Grand National – Which Horse(s) to bet on?

By now, you must be perfectly capable of answering the question “What is an each way bet?”. Getting value betting odds is the first thing you need to do so that you can make the most informed decision. 

Know that the benchmark price of an each-way bet is at least 4/1 given that the second part of an each-way bet is ¼ of the winning odds. Anything below that means a loss to you. However, it is extremely unlikely for a horse to be priced-up shorter than 4/1 in the betting market. Let’s note that in the past, we saw a 100/1 Grand National winner, which gave a huge return (even the place part of the bet)!

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