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# How Does An Each-way Bet Work If The Horse Wins?

An each-way bet is a form of wager in which a bettor stakes on a horse to win and/or place in a race. The bettor is essentially betting on the horse to either win the race or come in second, third, fourth or fifth. An each-way bet is composed of two bets: a win bet and a place bet. The win bet pays out if the horse wins the race and the place bet pays out if the horse finishes in the top positions.

## How Does an Each-Way Bet Work?

An each-way bet is a two-part bet, where the bettor stakes on the horse to either win the race or come in the top positions. The win bet pays out if the horse wins the race and the place bet pays out if the horse finishes in the top positions.

### The Win Bet

The win bet is the main bet in an each-way bet. It pays out if the horse wins the race. The win bet can be placed on any horse in the race and the payout depends on the odds of the horse.

### The Place Bet

The place bet is the secondary part of an each-way bet. It pays out if the horse finishes in the top positions in the race, usually second, third, fourth or fifth. The place bet is usually a fraction of the win bet and the payout depends on the number of runners in the race.

## How Does an Each-Way Bet Pay Out if the Horse Wins?

If the horse you bet on wins the race, then both the win bet and the place bet will pay out. The win bet will pay out based on the odds of the horse, while the place bet will pay out at a fraction of the win bet.

### Win Bet Payout

The win bet pays out based on the odds of the horse. If the horse you bet on wins the race, then the win bet will payout at the odds of the horse. For example, if you bet on a horse with odds of 5/1, then the win bet will pay out at 5/1.

### Place Bet Payout

The place bet pays out at a fraction of the win bet. The exact fraction depends on the number of runners in the race. Generally, the place bet pays out at one-fifth of the win bet if there are five or more runners in the race, and one-fourth of the win bet if there are four or fewer runners in the race.

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## What Are the Benefits of an Each-Way Bet?

An each-way bet offers several benefits to the bettor. It gives the bettor the chance to win a payout even if the horse they bet on does not win the race. It also reduces the risk of the bettor’s stake, as the bettor can still get a payout if the horse finishes in the top positions.

## What Are the Drawbacks of an Each-Way Bet?

The main drawback of an each-way bet is that it does not pay out as much as a win bet does. The place bet only pays out a fraction of the win bet and the win bet only pays out at the odds of the horse. This means that even if the horse wins the race, the bettor may not get as much of a payout as they would have with a win bet.

## Conclusion

An each-way bet gives the bettor the chance to win a payout even if the horse they bet on does not win the race. It is composed of two bets: a win bet and a place bet. If the horse wins the race, then both the win bet and the place bet will pay out. The win bet pays out based on the odds of the horse, while the place bet pays out at a fraction of the win bet. Although an each-way bet offers several benefits to the bettor, it does not pay out as much as a win bet does.