Each Way Double Bet

greeno

I'm so niave but I actually never realised this before. I had an each way double on last night with one winner at 8/1 and a place at 6/1, I never realised that the winning bet didn't carry and multiply by the place bet.

E.G 5 euro ew double winner at 8/1 = 45 this doesn't then multiply by the quarter odds of the 6/1 place bet.

Takes away what I always stupidly thought was the value of an ew double.:mad:

ravima

if one is placed, then you only have a 'place' double. You need both to win for the win double

Mellor

greeno wrote: »

I'm so niave but I actually never realised this before. I had an each way double on last night with one winner at 8/1 and a place at 6/1, I never realised that the winning bet didn't carry and multiply by the place bet.

E.G 5 euro ew double winner at 8/1 = 45 this doesn't then multiply by the quarter odds of the 6/1 place bet.

Takes away what I always stupidly thought was the value of an ew double.:mad:

That would require 4 bets, and could be placed like that I suppose

ghosttown

I like ew doubles, but always cover it with two win singles, ie 2 x 5win and 5ew double. frustrating to get a result like yours, but it's still a good bet.....

Warper

I think it is a stupid bet.

I thought (years ago) the following:

eg 5 e/w double on an 8-1 and a 6-1

The 8-1 shot wins so effectively if it was a single e/w bet this would be €60 return (1/4 odds place.) I thought that this would be €30 e/w on the second horse but no. The second horse was placed and I only got the place price on the 2 horses even though the first one won.

Why someone does these bets is beyond me. Example if i placed the bet as 2 single e/w bets (same outlay €10) I would have €30 e/w on the second horse @ 6-1 which would eqaute to €75 back rather than €25 approx or whatever it was.

jacool

its got nothing to do with stupidity, and all to do with risk
let's say its 1/5th the odds a place and you've 2 10/1 shots, and 40 euro

you can either do
10 e.w. singles or 20 e.w. double
if only one horse is placed the former bet sees you pocket 30 euro, the second bets a loser
if both horses place then the former bet sees you with 60 euro but the second bet is now worth 180 euro, so you're well up
both winning is obviously an even steeper climb into profitability

so you decide if you want to increase the risk for increased profit or not - simple, not stupid.

Paddy Irishman

Most bookmakers if not all will usually settle each-way doubles,trebles etc. on a win-to-win and place-to-place basis hence the reason why €5 ew double on 8/1 winner and 6/1 placed horse both at 1/4 odds will only return €37.50. However if a punter had written the instruction "Each Way All Each Way" or "Equally Divided" on the betting slip then the same bet should be settled as follows:

1. €5 ew 8/1 winner Returns: €60
2. €60 is divided in two
3. €30 ew 6/1 placed Returns: €75

This staking method will return less than the original one if both horses win so it comes down to how highly you rate your selections chances. I don't think you get the choice of this method online so you'll need to do it in shops and probably explain to the cashier exactly what your intentions are when they see "Each Way All Each Way" on your docket.

Mellor

Warper wrote: »

I think it is a stupid bet.

I thought (years ago) the following:

eg 5 e/w double on an 8-1 and a 6-1

The 8-1 shot wins so effectively if it was a single e/w bet this would be €60 return (1/4 odds place.) I thought that this would be €30 e/w on the second horse but no. The second horse was placed and I only got the place price on the 2 horses even though the first one won.

lol,
You are just selecting a scenario that suits you, what about other outcomes.

An EW double is normally, a win/win double and a place/place double. Its only two bets, your example is four bets, with the money spread evenly. You aren't comparing like with like.

Consider in an EW double, two horses at 8-1, $10 stake ($20 total), both place. The place/place bet wins and you return $90

The way you describe above, the first bet returns $30, split between the two so 15 on each and you place in the second and your return is $45

The EW double returns twice as much,

Warper

jacool wrote: »

its got nothing to do with stupidity, and all to do with risk
let's say its 1/5th the odds a place and you've 2 10/1 shots, and 40 euro

you can either do
10 e.w. singles or 20 e.w. double
if only one horse is placed the former bet sees you pocket 30 euro, the second bets a loser
if both horses place then the former bet sees you with 60 euro but the second bet is now worth 180 euro, so you're well up
both winning is obviously an even steeper climb into profitability

so you decide if you want to increase the risk for increased profit or not - simple, not stupid.

I obviously dont know much about e/w doubles hence I never do them. Cheers for explaining. Just a couple questions: in the example above how did you calculate €180 for the e/w double and in example above how much would you win if both horses won in an e/w double?
It would be €1960 returns in a e/w fully e/w thing that Paddy was on about.

kingshankly

each way doubles can be a great bet hence the reason a lot of bookmakers wont take them especially when there are money on favourites in the race you looking to back in

qc3

two 10/1 horses. ew terms 1/5 sp

20 e.w. double
if only one horse is placed the first bet sees you pocket 60 euro,
if both horses place then the first bet sees you with 60 euro going on the a place for the second.the bet will now be worth 180 euro,

A 20 euro ew double with both winning @ 10/1 would return 2420 euro for your 40 stake

1/4 odd will give you higher winnings 70 euro from the first @ 5/2 giving you 245 euro

A 20 euro ew double would give you 2490 euro @ 1/4 if both won

nice1franko

Same goes for any multiple bet e.g. a lucky 63 - say your first 5 selections win and then the last one comes places then the bet is fubar'd - it's like the first selection of an accum lost.

You'd be better off placing the bets individually... course that's just not convenient. damn you bookies!!!

Mellor

nice1franko wrote: »

Same goes for any multiple bet e.g. a lucky 63 - say your first 5 selections win and then the last one comes places then the bet is fubar'd - it's like the first selection of an accum lost.

You'd be better off placing the bets individually... course that's just not convenient. damn you bookies!!!

Placing the bets indivually will cost you twice as much, as its 4 bets, not two bets like an EW double

cson

nice1franko wrote: »

Same goes for any multiple bet e.g. a lucky 63 - say your first 5 selections win and then the last one comes places then the bet is fubar'd - it's like the first selection of an accum lost.

You'd be better off placing the bets individually... course that's just not convenient. damn you bookies!!!

Em, not exactly.

You'd have 5 singles, and a good few doubles and trebles as well as a fourfold accum coming up. If you'd picked 6 evens (1/1) selections and 5 won, for a 10c Lucky 63 - 6.30 staked - you would get back 24.20. So all would not necessarily be lost.

nice1franko

Mellor wrote: »

Placing the bets indivually will cost you twice as much, as its 4 bets, not two bets like an EW double

I meant if you do an e/w lucky 63 (126 bets)

allthedoyles

Hey Franko - a horse in the 3.30 Bath today called '' the name is frank ''

4/1 now ............seems to be tipped everywhere .

Wonder is he worth a flutter ....Its just that my cousin frank told me to back him last time and he won ( which I didnt )

ArmaniJeanss

Paddy Irishman wrote: »

This staking method will return less than the original one if both horses win so it comes down to how highly you rate your selections chances. I don't think you get the choice of this method online so you'll need to do it in shops and probably explain to the cashier exactly what your intentions are when they see "Each Way All Each Way" on your docket.

'Each Way All the Way' is very much a North of England thing as far as I know.
I tried it once in an Irish shop (Boyles or Powers i think) and they didn't accept it even after I got them to ring HQ.

Paddy Irishman

ArmaniJeanss wrote: »

'Each Way All the Way' is very much a North of England thing as far as I know.
I tried it once in an Irish shop (Boyles or Powers i think) and they didn't accept it even after I got them to ring HQ.

That's interesting. At the the end of the day you're not trying to pull a fast one, you're just saving on the paperwork.

nice1franko

allthedoyles wrote: »

Hey Franko - a horse in the 3.30 Bath today called '' the name is frank ''

4/1 now ............seems to be tipped everywhere .

Wonder is he worth a flutter ....Its just that my cousin frank told me to back him last time and he won ( which I didnt )

2nd at 3/1

Thank God I only saw that msg now

Cheers for the heads up tho