As we head into Thursday we’ve the second day of the Chester May Meeting, plus supporting afternoon cards at Worcester and Huntingdon Then, into the evening, we see Chelmsford take take over on the AW.
With that in mind, we’ve picked out our value each-way horse racing tip today.
Yesterday’s each-way selection – Paws For Thought, 2nd 9/2) – was a short-head second.
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Each-Way Horse Racing Tip Of The Day – Thursday 5th May
3.40 Chester: THE KODI KID @ 25/1 with 888Sport
Drawn 11 but over this 1m2f trip has plenty of time to overcome that. This Charlie Fellowes runner will be better for a recent run at Newbury after 6 1/2 months off and is back here a pound lower.
The key is the return to Cehester though as does seem to like it here. His last three runs on the Roodee read 1-4-3. Has also only raced 9 times (placed 5 times in the top three) so there is a chance there’s more to come. Looks to represent some decent e/w value today.
“Runs well at Chester and will love the soft ground. The one big question mark is whether he will stay this trip but every time he has run there he has looked like he wants further so there is some hope he will.” Charlie Fellowes (trainer)
Note: Odds are subject to change
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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.