Today’s horse racing each-way tip comes from Redcar races on their 7-race afternoon card, that starts at 2.05pm and runs till 5.25pm. See below what our value horse racing each-way tip of the day is on Sunday 17th July from Redcar races and why we’ve selected this horse.
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Each-Way Horse Racing Tip Of The Day at Redcar Races – Sunday 17th July
4.25 Redcar: PREMIERSHIP (e/w) @ 7/2 with 10Bet
Premiership looks to have a good chance of hitting the back of the net for the Tracey Waggott yard that have won this race twice since 2015.
This 3 year-old was an improved third last time out here at Redcar, which was a clear step in the right direction.
Gets in here off the same mark too, while having kept on well over 7f last time will enjoy the step up to 1m1f this time.
Back today’s each-way horse racing best bet with 10Bet @ 7/2 for £5 e/w and it will return £31.02 if it wins (click the bet slip below)
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Each-Way Betting Explained
An each-way bet is split into two parts
A win bet
A place bet
Therefore, if you are placing an each-way bet on a horse race your total stake will be split equally into two bets – half your stake will be wagered on the horse to win and the other half on the horse to be placed.
Winning a horse race is fairly self-explanatory, but the ‘place’ part means the horse will need to finish either 1st, 2nd, 3rd or 4th (this depends on the type of race and how many runners are in it) – you can see the industry standard each-way place terms here
Number of Runners:
1 – 4 runners – No Places – Win Only bet
5 – 7 runners – 1/4 Odds – 1st & 2nd place only
8+ runners – 1/5 odds – 1st, 2nd and 3rd place
12 – 15 runners (handicap races only) – 1/4 odds – 1st, 2nd and 3rd place
16+ runners (handicap races only) – 1/4 odds – 1st, 2nd, 3rd and 4th place
Shop Around The Bookmakers For Enchanced Each-way Place Terms
Yes, the above place terms are the set industry standard but with bookmakers competing for your business all the time, then many will offer enhanced place terms of their own.
This means, some bookmakers might offer places outside the top three or four places in certain races. These are more common in the big field handicap races – like the Grand National – and can often see the place terms paid out on horses that finish 5th, 6th, 7th or even 8th in the race.
How To Place An Each-way Bet In Horse Racing
You can see from the example screen shot below that all bookmakers will have an ‘Each-way (EW)’ tick box on their bet slips. Simply tick this e/w box and this will lock that horse in as an each-way selection.
You will notice that in the example below the £5 stake then becomes doubled (£10) – meaning you will have £5 on the horse to win and £5 on the horse to be placed.
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