Betting On The Grand National Each Way
Should you bet win or each-way on the Grand National?
- How To Bet On Grand National Each Way
- Betting On The Grand National Each Way Calculator
- Betting On The Grand National Each Ways
- Betting On The Grand National Each Way Betting
Each Way bets are bets that are split into two and require you to double your stake. What they do is back the horse to win the Grand National or place. To place a horse will usually have to finish in the top three or four, although it does depend on the bookmaker and number of horses in a race. An each-way bet is essentially two bets, with your stake split into two equal parts. One is on your horse to win, the other is on your horse to place – that is to finish in. 38 Days 2 Hours 8 Minutes. The 2021 Grand National will be held at Aintree Racecourse on Saturday, April 10th at 5.15pm. Sponsored by Randox Health, it is a UK handicap steeplechase over 4 miles 514 yards with horses jumping 30 fences over two laps. The prize fund for the Grand National is £1,000,000 which makes it the most valuable jump race. Each way bet consists of two separate bets: a winning bet and a place bet. The first bet is on the horse to win – If the horse wins the race, this bet is won. The second bet is on the horse to place – If the horse finishes in the top three (position may vary), this bet is won Place your Bet at the Grand National.
First up, we need to cover off some key concepts.
What is a win bet?
A win bet is simply a bet placed on a certain horse to win that race.
What is an each-way bet?
An each-way bet is essentially two bets, with your stake split into two equal parts. One is on your horse to win, the other is on your horse to place – that is to finish in one of the designated top positions in the race. The number of place positions is dependent on the field size, and type of race, while different bookmakers will also sometimes offer different place terms.
What is meant by the term ‘stake’?
The stake is the amount of money you put on a bet.
What are the place terms?
The below are the standard place terms to consider:
- Handicaps of 16 or more runners: 1/4 of the win odds on the first four places
- Handicaps of 12 to 15 runners: 1/4 of the win odds on the first three places
- All other races of 8 or more runners: 1/5 of the win odds on the first three places
- All races of 5 to 7 runners: 1/4 of the win odds on the first two places
- All races of fewer than 5 runners: win only
For the Grand National, you will find some bookmakers offer enhanced place terms – such as Paddy Power who are offering 1/5 odds for the first six home.
So, for instance, here are the potential outcomes if you back a horse with £1 each-way (£2 total stake) at 25/1 in the Grand National – a handicap of over 16 runners:
Profit (excluding stake) | |
Horse Wins | £31.25 |
Horse Places | £5.25 |
Horses Loses | -£2 |
When is each-way betting profitable?
It doesn’t always make sense to back a horse each-way.
With the standard terms for the Grand National being 1/4 odds on the first four places, horses only become profitable to back each-way at odds of 9/2 or longer – so back anything shorter than this as win only.
Even then, the value of doing this is unfavourable – at 9/2 you would make just a 13 pence profit from a £2 bet if the horse placed.
If you want to see your stake at least doubled if your horse places, start at 12/1.
You can use our Odds Calculator to help you calculate your return from an each-way bet – or use the table below to look at what returns you get from fractional odds, on the standard place terms, if you bet £1 each-way.
If you bet each-way and your horse wins, you get both the ‘win’ and the ‘place’ parts of your stake returned, so you will always be in profit (a win always counts as a place). If your horse places but does not win, you lose the ‘win’ half of your stake, so you can still lose money overall if the odds aren’t long enough.
In this table, the red section indicates odds at which you would still not be in profit even if your horse places (but does not win):
Place Terms: First 4 home, 1/4 odds | ||
Fractions | Win profit - standard terms | Place profit- standard terms |
1/1 (EVS) | 1.25 | -0.75 |
11/10 | 1.38 | -0.73 |
6/5 | 1.50 | -0.70 |
5/4 | 1.56 | -0.69 |
13/10 | 1.63 | -0.68 |
11/8 | 1.72 | -0.66 |
6/4 | 1.88 | -0.63 |
13/8 | 2.03 | -0.59 |
7/4 | 2.19 | -0.56 |
2/1 | 2.50 | -0.50 |
11/5 | 2.75 | -0.45 |
9/4 | 2.81 | -0.44 |
12/5 | 3.00 | -0.40 |
5/2 | 3.13 | -0.38 |
11/4 | 3.44 | -0.31 |
3/1 | 3.75 | -0.25 |
10/3 (or 100/30) | 4.17 | -0.17 |
7/2 | 4.38 | -0.13 |
4/1 | 5.00 | 0.00 |
9/2 | 5.63 | 0.13 |
5/1 | 6.25 | 0.25 |
11/2 | 6.88 | 0.38 |
6/1 | 7.50 | 0.50 |
13/2 | 8.13 | 0.63 |
7/1 | 8.75 | 0.75 |
15/2 | 9.38 | 0.88 |
8/1 | 10.00 | 1.00 |
17/2 | 10.63 | 1.13 |
9/1 | 11.25 | 1.25 |
10/1 | 12.50 | 1.50 |
11/1 | 13.75 | 1.75 |
12/1 | 15.00 | 2.00 |
14/1 | 17.50 | 2.50 |
16/1 | 20.00 | 3.00 |
20/1 | 25.00 | 4.00 |
25/1 | 31.25 | 5.25 |
33/1 | 41.25 | 7.25 |
40/1 | 50.00 | 9.00 |
50/1 | 62.50 | 11.50 |
66/1 | 82.50 | 15.50 |
100/1 | 125.00 | 24.00 |
What about enhanced place terms?
As already mentioned, bookmakers like Paddy Power provide extra places for the Grand National which gives you more opportunity to win, but at a reduced return.
In the case of Paddy Power, they are offering extended places for the first 6 home, but at 1/5 of the win odds, rather the standard 1/4.
With this offer, it pushes our minimum odds for a placed horse to be profitable up to 11/2 – returning a paltry 10 pence if your horse places. So if you are backing a horse at shorter than this, it should be a win only bet.
Take a look below at our table for returns based on these enhanced place terms.
How To Bet On Grand National Each Way
Place - First 6 home, 1/5 odds | ||
Fractions | Win profit- enhanced profit terms | Place - enhanced terms |
1/1 (EVS) | 1.20 | -0.80 |
11/10 | 1.32 | -0.78 |
6/5 | 1.44 | -0.76 |
5/4 | 1.50 | -0.75 |
13/10 | 1.56 | -0.74 |
11/8 | 1.65 | -0.73 |
6/4 | 1.80 | -0.70 |
13/8 | 1.95 | -0.68 |
7/4 | 2.10 | -0.65 |
2/1 | 2.40 | -0.60 |
11/5 | 2.64 | -0.56 |
9/4 | 2.70 | -0.55 |
12/5 | 2.88 | -0.52 |
5/2 | 3.00 | -0.50 |
11/4 | 3.30 | -0.45 |
3/1 | 3.60 | -0.40 |
10/3 (or 100/30) | 4.00 | -0.33 |
7/2 | 4.20 | -0.30 |
4/1 | 4.80 | -0.20 |
9/2 | 5.40 | -0.10 |
5/1 | 6.00 | 0.00 |
11/2 | 6.60 | 0.10 |
6/1 | 7.20 | 0.20 |
13/2 | 7.80 | 0.30 |
7/1 | 8.40 | 0.40 |
15/2 | 9.00 | 0.50 |
8/1 | 9.60 | 0.60 |
17/2 | 10.20 | 0.70 |
9/1 | 10.80 | 0.80 |
10/1 | 12.00 | 1.00 |
11/1 | 13.20 | 1.20 |
12/1 | 14.40 | 1.40 |
14/1 | 16.80 | 1.80 |
16/1 | 19.20 | 2.20 |
20/1 | 24.00 | 3.00 |
25/1 | 30.00 | 4.00 |
33/1 | 39.60 | 5.60 |
40/1 | 48.00 | 7.00 |
50/1 | 60.00 | 9.00 |
66/1 | 79.20 | 12.20 |
100/1 | 120.00 | 19.00 |
Which is better, more places or better place terms?
Say you come across two bookies with a horse at the same price, but their place terms differ. One is offering 1/4 odds on the first four places; the other is offering 1/5 odds, but paying six places. As a general rule of thumb, it’s better to pick the bookie offering more places, as you will usually have a mathematical advantage when it comes to making profit.
Then again, if it’s mathematical advantage and profit you are looking for, it’s probably better still to instead save your each-way bet, and instead bet on two different horses to win only, for the same stake.
Want to know why?
If you’ve got a head for numbers and want to learn how to get an edge in each-way betting, check out this piece by Simon Rowlands – as he delves into the depths of each way betting and the importance of over-rounds.
Related Horse Racing Links
The Grand National is perhaps the most bet on event in the country, and according to statistics around three quarters of bets placed are done as an Each Way wager. Each Way is an incredibly popular way of betting on horse racing, in particularly the big April event, and here at Bet & Skill we’re dedicated to making sure you know all you need to know about which bookmakers are paying out which places…The Grand National carries a purse of £1m and is the most valuable jump race in Europe. It's the most watched horse race of the year, with millions tuning in to see who the latest winner will be.
WHAT IS EACH WAY BETTING?
Of course, many people betting on the Grand National aren’t seasoned punters and will first need to know what Each Way betting actually is.Ultimately it’s a wager that will see you double your stake and place two bets rolled into one. One of the bets is on the horse you’re backing to win the race, the other being on the horse to place.
The number in which a horse can place, in many cases it will be for the horse to finish in the top three, although in many cases you may also find top five.
Should the horse win the race you’ll receive a payout on both the horse winning and placing, while if the horse places you would only receive a payout on it placing, with the winning segment of the Each Way bet losing. Naturally, if the horse doesn’t place, you lose the bet.
When betting on Each Way, you’ll be able to determine how much you win, which will usually be a set proportion of the odds, usually between ¼ and ⅕.
WHICH BOOKMAKER OFFER EACH WAY BETTING?
Every bookmaker will offer Each Way betting on the Grand National, however the number of places in which the top online bookmakers will offer varies.This applies right across horse racing betting, with varying degrees of payout for placing, with many bookies having promotions throughout major races such as Cheltenham and the Grand National.
Below you’ll find the number of places a host of bookmakers are offering for the Grand National 2019.
Bookmakers Offering 6 Places
The number of bookies offering six places are few and far between, but if you’re a member of BetVictor you’re very much in luck.
They’re giving punters a fantastic chance of winning with a payout for the sixth placed horse with an Each Way bet.
They aren’t the only bookmaker to over six places though, with the following also giving you an extra chance.
- BetVictor - ⅕ odds
- PaddyPower - ⅕ odds
Bookmakers Offering 5 Places
A number of bookmakers are offering a payout on five places, and they’ll be well worth considering as the Grand National approaches.
Some of the biggest names on the planet are paying out for five, giving you every chance of a prize pot.
- Bet365 - ¼ odds
- Betfair - ⅕ odds
- Boylesports - ⅕ odds
- WilliamHill - ¼ odds
- Ladbrokes - ¼ odds
- Cora - ¼ odds
Betting On The Grand National Each Way Calculator
Bookmakers Offering 4 PlacesYou’ll find a large number of bookies offering an Each Way win on four places, a list of which you can see below…
- 888sport - ¼ odds
- BetFred - ¼ odds
- Betway - ¼ odds
Betting On The Grand National Each Ways
As raceday approaches many bookmakers will add further offers, and we’ll make sure we bring you the very best Each Way betting offers for the Grand National.