Each-Way AtlasRace types, markets and festivals
What are win-only and place-only markets?
A win-only bet pays only if your selection wins, and a place-only bet pays only if it finishes in a paying place. An each-way bet is both together, as two equal bets, so its total stake is double the unit stake. The difference shows up in the cost and in what comes back.
Editorial team of Each-Way Atlas · Checked
The three bets
- Win only: one bet on the horse to win. A second or third place pays nothing.
- Place only: one bet on the horse to finish in a paying place, which includes winning. It pays at the place fraction of the odds.
- Each way: a win bet and a place bet of the same size, as set out on what each way means.
This matters because a single line on the slip can be one bet or two. Check which you have chosen before you confirm.
The short version: win-only is one bet, place-only is one bet, each way is two.
A worked example
Example. A £10 unit stake at 4/1 (decimal 5.0) with a place fraction of 1/4. The price and fraction are for arithmetic only and are not any bookmaker's terms.
| Bet | Total stake | If it wins | If it places, not wins | If unplaced |
|---|---|---|---|---|
| Win only | £10.00 | Return £50.00, profit £40.00 | Return £0.00, loss £10.00 | Return £0.00, loss £10.00 |
| Place only | £10.00 | Return £20.00, profit £10.00 | Return £20.00, profit £10.00 | Return £0.00, loss £10.00 |
| Each way | £20.00 | Return £70.00, profit £50.00 | Return £20.00, profit £0.00 | Return £0.00, loss £20.00 |
The place return is £10 × (1 + 4 × 0.25) = £20.00. The each-way return on a win is £50.00 plus £20.00.
The short version: each way costs double and returns money in more outcomes, but it loses more when the horse is unplaced.
Where operators publish the markets
Operators list win-only and place-only markets on their racing pages, and the place terms for a race sit on the race card.
We have not yet read these markets at three operators with a date, so the operator column in our comparison is marked Not verified.
| Item | Status |
|---|---|
| Operators with place-only markets confirmed | Not verified |
| Place terms for place-only bets | Not verified |
Place terms differ by race, so see place terms and places and fractions. The step-by-step method is in how to work out each-way returns.
Choosing with care
A place-only bet removes the win part, so it is a different bet and not a cheaper each way. We do not say which is better. 18+ only. Gambling can be harmful. Read more under racing and responsible gambling.
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