Each Way Double

[kopend]

if you picked out 2 horses for an each way double

the first one running on a Friday at odds of 8/1 and the other running the next day at odds of 4/1
and you had a pound each way at

one bet just a straight forward each way double
and the another pound each way double but this time equally divided

what would you get as back if they both won

and if the first one came second and the second one won ?

[Ken4155]

Firstly, it doesn't matter on what day they run and i'm not altogether sure why you point that out. Secondly i'm not sure i understand the bit about "another pound each way double but this time equally divided"?
However, i will answer as much of your question as i can;
Each way bets are usually settled on 1/4 or 1/5 the odds. At a 1/5, if both your horses win you receive £49.68; if both place (or 1 wins and the other places) you receive £4.68. If settled at 1/4 odds, if both win, you receive £51, both place (or a win and a place) you receive £6. In an e.w. double, if one horse wins and the other places, you lose the win component on both horses.

[kopend]

i should have mentioned i put the equlally dived bet on last friday

the friday horse came 2nd and the sat horse won

so i was due a payout

but when i got to the betting shop


he informed me that you are not aloud to do an equally divided double on an anti post bet ? but he paid me anyway as a good will gesture

[New Judge]

I think I can speak for ken and say that neither of us knows what you mean by an "equally divided" bet. A double is a double. It involves one stake (or two if you bet each-way) and both selections must win (or be placed if you bet each way) to receive a payout. What is an "equally divided"double?

[kopend]

The Each Way Equally Divided Method Explained
Comments
I recommend that many of the each way double bets in my daily column are now played each way equally divided. So today I thought I would share with you, how and when to play an each way double the equally divided way.

Not a lot of people know about this bet, which is sometimes known as Each Way All Each Way.

So what’s the difference between a normal each way double and an each way equally divided double?


Each Way Equally Divided is a way of getting round the problem of what happens when one of your selections wins, but the other one only places.

With Equally Divided the return is calculated after each leg of your multiple bet and that return is then re-invested in the next leg.

Basically you are playing the double in a different way based on the feeling that one of the two horses will win and maybe the other will only place.

Usually a place result on the first horse means that there is no win stake on the second horse. However via the each way equally divided method any RETURNS from the first horse are split 50/50 on the second horse.

So say we had a 5/4 place followed by a 6/1 winner. Under the normal EW double method you would in effect just have a place double which for a £25 EW stake would return £68.75

However placed the equally divided way, this bet would have been played like this (via internet is OK as 2 EW singles) 25 EW on 5/4 shot placed would return 31.25 The return is then split 50/50 so £15.61 EW on the 2nd horse which wins @ 6/1 So the final return would now be £143.61

Each way equally divided is NOT the bet to have when two horses both have a good chance of winning, however it comes into its own when the first horse is a decent price and places so that the second selection has win money applied and in certain circumstances where you don’t expect both of your selections to win.

If playing an each way double the equally divided way online, then you would place the double as two separate each way singles and calculate the stake for the second leg of the double after the result of the first leg.

If placing the bet in a traditional bookmakers shop then you must write on the betting slip when you place the bet that the bet is to be played equally divided.

As always to access my full daily column of bets and trades please visit my main site at www.strategicbetting.co.uk or to sign up as a free member enabling you to receive the occasional complimentary daily column from me, you can also contact my Gal Friday – Luan at [email protected] who will set this up for you.

Mike

[Ken4155]

Well, i've never heard of this bet before and it's certainly not given as an option on any of my 10 on line accounts, though i do understand the method for staking the bet in those accounts. I may actually try it one of these days.

So, if your first horse was placed at 1/5 odds you would receive £2.60 which would be split as £1.30 e.w. on your 2nd selection which wins @ 4/1 = £8.80. If your bet was settled @ 1/4 odds, the returns on the first selection would be £3, split as £1.50 e.w. on your 4/1 winner = £10.50. Of course, it is possible that one bet was settled at 1/4 and the other a 1/5, but however they were settled, your returns should have been between the two sums mentioned above.

[New Judge]

I've never heard of it either, Ken (and I have quite a good knowledge of gambling). Thanks for the info, kopend. You learn something new every day

Effectively the bet is not an each-way double in the true sense of the word. It is in fact two each way singles with the return from the first leg forming the stake (equally divided) for the second. I can see it has its advantages as well as its disadvantages (as set out by “Mike”).

[kopend]

sorry if this bit has been covered

but are you better or worse off (or just the same) if they both win on the equally divided bet ??

[New Judge]

Assuming £1 EW staked and the races paid one fifth odds:

Normal EW Double returns £49.68 (£45.00 for the win, £4.68 for the place)

"Equally divided" the 8/1 shot returns £11.60 (£9.00 for the win, £2.60 for the place). This funds a £5.80 EW bet on the 4/1 shot.

This returns £39.44 (£29.00 for the win, £10.44 or the place). So you would be just over £10 better off win a normal EW double.

The reason for this is that in the equally divided bet you are reducing your "win" stake on the second winner from £9.00 to £5.80. Although you are increasing your place stake from £2.60 to £5.80 this does not compensate you fully.

[ToraToraTora]

never heard of that equally divided method, what bookie offers that? In effect it's gives a win double on the second horse even when the first has not won. Very generous, can you tell me who offers that bet?

[Davemano]

I am aware of a similar situation some time ago when someone had a £2 each way double which he did it ALL EACH WAY. The first horse was placed and the second horse won. The each way win amount from the placed horse went each way on the second horse. Had he not stipulated ALL EACH WAY. he would have just got an each way place win OR simply WIN ONTO WIN, and PLACE ONTO PLACE