So how does that work? I've never really understood the mechanics of how "Each Way" betting works. There are only two possible outcomes, you either win the league or you don't. So how can you bet on something "Each Way" if it can only happen or not happen. Either way, you win? How is that even a gamble? How does the bookie make money on it?...........if you bet £5 each way on Everton to win the league it would obviously cost you £10. If we came 2nd you would lose the 'win' portion of the bet but you would get 1/4 the odds on the 'place 'portion'. So if it was 66/1 as MBT says , you would get £82-50 back plus £5 stake.
I'm probably being really thick about betting, because it's not something I tend to do. There's probably a really simple explanation, but the term "Each Way", seems to suggest that it's a no-lose bet.
Topic: Laugh along with those loveable Reds... (Read 350893 times)
- Neville Southall
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We are special ,we are Everton.
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