Each-way
A wager type in racing markets combining a win part and a place part for half the allocation each. The dog must finish 1st or 2nd (or sometimes 3rd) for the place part to return.
An each-way is a wager type in racing markets that combines two parts: half the total allocation goes on the win, half goes on the place. If the dog wins, both halves return; if it places (typically 2nd in 6-runner UK greyhound racing), only the place half returns.
Place terms: standard UK greyhound each-way pays 1/4 the price for the place. So a 2-unit each-way at 6.0 (1 win + 1 place) returns:
- Win: 6 + 6 (the place half on a winner also pays) = 12.
- Place only: 1 × (6 × 1/4) + 1 allocation back = 2.50.
- Lose: 0.
On TrapStats: the Denis tracker is configured for win-only selections (recommended_bet = "win") because backtests showed the place market in UK/IE greyhound racing is tight enough that the model doesn't beat it. Each-way recommendations were measured at −11 to −17% ROI over the same window — simulated paper results, not betting advice. If you see EW elsewhere, treat it as the market's preferred framing, not the model's.