Each-way Bet
Two bets in one: a win bet and a place bet for half the stake each. The dog must finish 1st or 2nd (or sometimes 3rd) for the place part to return.
An each-way bet is two bets combined: half the total stake goes on the win, half goes on the place. If your 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 odds for the place. So a £2 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 stake back = £2.50.
- Lose: £0.
On TrapStats: the Denis tracker is configured for win-only betting (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. If you see EW elsewhere, treat it as the bookmaker's preferred bet, not yours.