Each-Way Bet
The most standard bet you could make is a win bet. You will only make a profit if your selection wins. So, if you make a £5 bet at 7/1 at your favourite bookmaker you will make a £35 profit if your selection wins (and get your £5 stake back, if you win). Another common bet, is an Each-Way Bet. If you place an each-way bet on a single event, you are effectively making two separate bets. One bet is on a win only basis, and one is on a place basis. A place bet, …