Introduction
The Grand National is one of the most prestigious horse racing events in the world. Betting on the Grand National is a popular pastime, with many punters opting for each way bets. But what does each way mean in the context of the Grand National? Let’s take a closer look.
Each Way Betting Explained
Each way betting is essentially two bets in one. When you place an each way bet, you are betting on a horse to either win the race or finish in a certain number of places. In the Grand National, this is typically the top four places.
Example
Let’s say you place a £5 each way bet on a horse at odds of 10/1. If the horse wins, you would win both the win part and the place part of the bet. If the horse finishes in one of the top four places but does not win, you would only win the place part of the bet.
Case Study
In the 2019 Grand National, Tiger Roll won the race at odds of 4/1. If you had placed a £10 each way bet on Tiger Roll, you would have won £40 for the win part of the bet and £15 for the place part of the bet, as Tiger Roll finished in the top four places.
Statistics
Each way betting is a popular choice for punters, especially in races like the Grand National where the field is large and unpredictable. In the 2020 Grand National, over 60% of bets placed were each way bets.
Conclusion
Each way betting in the Grand National offers punters a chance to win big, even if their chosen horse doesn’t come in first. It’s a popular betting option that adds an extra element of excitement to one of the biggest racing events of the year.
