Each way is a term used to describe a type of bet that is split into two parts: a win bet and a place bet. Both bets are of equal value, so a £5. An each-way bet works as a bet of two parts – one part for a win and one for a place. So if your horse doesn't win the race but is placed you will get a return. An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse). READING FC MANAGER BETTING

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