What does an each-way treble bet mean?
Table of contents
Betting on horses can range in complexity, from picking a winner down to much more advanced types of bets. Each-way bets give you the chance to bet on runners coming in anywhere in the top four, with a lower rate of return the price of covering more possible outcomes. It’s a combined win bet and a place bet, so there’s a return for either or, at reduced odds for a place.
A treble is a bet that combines three selections into the one bet, such that any of the three outcomes coming good will pay a winner. An each-way treble therefore, combines the two, a powerful type of betting for amplifying your odds. But how does it work in practice, and is it wise to use each-way treble bets when deciding how to bet on horses?
How do each-way trebles work?
A treble puts three betting outcomes on the same line, such that each of the three need to win in order for your bet to be a winner. This naturally amplifies the odds you’ll get paid - the chance of picking three correct selections is much less certain than picking one, so the odds offered are way more than the sum of their parts. At the same time, each way bets give you the chance to bet on the winner, as well as a horse placing in the same race. Each-way trebles combine the two, aligning three horses to win or place across three different races, for potentially lucrative returns.
Each-way trebles require every horse on your betslip to win or place - all three of your each-way bets must come good in order to win this bet. The complexities of calculating odds here often make it harder to identify at a glance the rate of return you’ll get from your bet coming in. But with the help of each-way treble calculators and other tools, it’s possible to get an idea ahead of time of the value of your each-way treble bet in different scenarios.
What is an each-way bet?
An each-way bet is a combination bet that a horse will win or place. With an each way bet, you get paid if the horse comes in the winner, but also if the horse comes in as second-fourth place in the race, albeit at reduced odds compared to the winning bet.
An each way bet in this sense gives you coverage if your horse doesn’t win but still places, allowing you to back more of the potential available bets. Each way bets are a good way of structuring horse racing bets, accounting for horses that you know will perform well, while giving the security of a return even if your horse doesn’t win.
When combined with multiple bets on the same line, you can boost the potential returns from your bet, giving you the best of both worlds. While it’s harder to pick three winners from a selection rather than one, the coverage of an each way bet means that you only need to pick three horses that win or place in order to win your each way bet.
What is an example of an each-way bet?
Say you see a horse that you like at 4/1. You can bet on the horse to win at 4/1, or you can choose to bet on the horse each way, which will pay you at reduced odds if the horse comes in second, third or fourth in the race, as well as winning.
The odds on the each way are reduced, so that it serves as a security if the horse doesn’t win. If the horse wins, you still get paid full odds on the win bet, because an each-way bet is made up of two separate bets - one to win, one to place.
The each way bet is widely used in horse racing as a means of controlling your downside risk, giving multiple options for outcomes in a race that can still pay as a winner. Start to place your bet in horse betting! To know what kind of bets you can place, don't hesitate to visit our page what horse racing bets can be made?
What is a treble bet?
A treble bet is a bet on three outcomes on the same betting line. Like an accumulator, it is a bet that requires every result to come good in order to pay out as a winner. If one line fails, the whole bet fails - thus you lose your stake.
However, if all bets win, you get paid out at a higher return than would usually be the case, because you have combined the results onto one betting line. When you add in each-way bets to your treble, you only need each of the horses you have picked to win or place, in order to win the treble. While each way bets slash the odds paid on return, combining them on the same betting line into a treble means you get the benefit of the higher rate of return when all three come good.
While there is still a risk one horse fails to win or place in an each way treble, it can be a good way to bet across multiple races when you pick the right horses across your selection.
Part of the beauty of betting on horses is that the action is unpredictable. Long shots can make it, and the rate of return can be staggering when you make a good pick that unexpectedly comes good. At the same time, sure fire bets can falter, so the each way bet often adds an element of security to protect your bets and help prevent you from running into difficulties.
When combined with the treble, the each way acts as a safety net. All you need is three horses in your selection to win or place in order to be paid a winner. And with the better odds delivered by the treble, the impact of each way bets on your returns is mitigated. It’s a good middle ground between controlling odds and assuring a good rate of return on your bets - all part of the suite of tools available to maximise your chances of a return in horse racing betting.
More about Horse betting :
- What horse racing bets can be made?
- How do you calculate racing bets?
- How to win at horse racing
- How to work out horse racing bets
- What Horse Racing Promotions are there at Online Bookmakers?
- What is Each-way Betting in Horse Racing?
- Why is the Cheltenham Festival So Important?
- What Are Forecast And Tricast Bets in Horse Racing?
- How Does A Best Odds Guarantee Work When Betting On Horse Racing?
- What do a bookmaker's race details signify?
- When are the most popular horse racing events in the calendar year?
- What are the most popular horse races for fans and bettors each year?
- What is a Stewards' Inquiry in horse racing, and can it affect the race outcome?
- What sign language do bookmakers use at racecourses to communicate odds?
- What is Virtual Horseracing and how does it work?
