Parimatch What Does Each Way Mean: A Simple Guide to Betting Smarter

An each way bet on Parimatch is simply two wagers in one — one part backing your pick to win outright, and the other paying out if it finishes in one of the top places.

It’s a popular way to balance risk and reward, giving you a payout even when your selection doesn’t come first.

In betting terms like Parimatch what does each way mean, understanding the split between the win and place portions is key to managing your stake and spotting real value in longer-odds markets.

This guide breaks down how each way bets work, how payouts are calculated, and when using this option makes the most sense for smarter betting decisions.

How Parimatch what does each way mean works

When you tick the “each way” box on Parimatch, you’re effectively placing two bets at once:

1. A win bet — your selection must finish first.
2. A place bet — your selection must finish in one of the top positions defined by the event (for example, top 3 or top 5, depending on the market).

This means your total stake is doubled. So, if you bet $10 each way, you’re actually staking $20 in total — $10 for the win and $10 for the place.

In racing markets (like horse or greyhound racing), Parimatch clearly displays the place terms before you confirm your bet, usually something like “1/5 odds, 1–3 places.”

This tells you what fraction of the win odds apply if your selection finishes in a place position.

For sports like golf or even certain tournaments, Parimatch often offers extended place terms — sometimes paying out to 5th, 6th, or even 8th place — which is why many seasoned bettors prefer each way bets for long-shot selections.

How Parimatch calculates each way payouts

Here’s where most bettors get tripped up, so I’ll keep it simple.

If your selection wins, both parts of the each way bet pay out — the win bet at full odds, and the place bet at the reduced odds (for example, 1/4 or 1/5 of the win odds).

If your selection only places (for example, finishes 2nd or 3rd), the win portion of your bet loses, but the place portion still pays out at the reduced odds.

Let’s look at a quick example.

You back a horse at 10.0 (9/1) odds with a $10 each way bet ($20 total stake). The place terms are 1/5 odds, top 3 finish:

• If your horse wins: you get $10 × 9 = $90 profit on the win bet, plus $10 × (9/5) = $18 profit on the place bet.
• If your horse finishes 2nd or 3rd: the win bet loses, but you get $18 profit from the place bet.

It’s straightforward once you’ve seen it a few times, but the key takeaway is that each way betting gives you a smaller cushion — especially useful when backing outsiders.

When to use each way bets on Parimatch

In my view, each way betting shines when you’re backing selections at longer odds — anything from 6.0 (5/1) upward. That’s because the place part still gives a meaningful return if your pick performs well but falls short of winning.

For example, in golf markets on Parimatch, I often see players at 50.0 or 66.0 odds. An each way bet there means even a top-five finish can return a tidy profit.

On the other hand, using each way bets on short-priced favorites (say 2.5 or lower) rarely makes financial sense because the place payout won’t cover your total stake unless they win outright.

In horse racing, it’s smart to check how many places Parimatch is paying before confirming your bet — and also to know does Parimatch refund red card bets if you’re wagering on football markets.

During big events or festivals, they sometimes boost the number of places — turning a borderline pick into a great each way opportunity.

Common mistakes and tips for each way betting on Parimatch

From what I’ve seen, new bettors often misunderstand two things: First, they assume an each way bet doubles their chance of winning outright — it doesn’t.

It just means part of your bet is safer if your selection places. Second, they forget the stake is doubled, which can eat into your balance faster than you expect if you’re placing multiple each way bets in a session.

A few quick tips from personal experience:

• Always check the “place terms” displayed under your selection before confirming.
• Avoid each way bets on very short odds — you’re better off just backing to win.
• For long tournaments like golf or tennis, compare the number of places offered; and if you’re betting on tennis, it’s useful to know what happens if a tennis player retires Parimatch.

Once you understand these nuances, you’ll find that each way betting can be one of the most flexible tools in your betting strategy.

Final thoughts on what each way means on Parimatch

To sum it up, “each way” on Parimatch simply splits your bet into two parts — one for the win, one for the place. It’s perfect for situations where you like a contender but aren’t fully confident they’ll come first.

In my experience, it’s one of those features that new bettors overlook at first but grow to appreciate as they explore more markets.

Whether you’re into horse racing, golf, or even niche events, understanding each way terms can help you manage risk and enjoy steadier returns over time.

The next time you’re browsing the Parimatch sportsbook and spot that “E/W” box, you’ll know exactly what it means — and how to make it work for you.

FAQs

What does each way mean on Parimatch?

An each way bet on Parimatch is two bets in one — one part for your selection to win and another for it to finish in a place position, giving you a chance of a payout even if it doesn’t win outright.

How do Parimatch each way payouts work?

If your selection wins, both win and place bets pay out. If it only places, the win bet loses but the place portion still returns a profit at reduced odds.

When should I use an each way bet on Parimatch?

Each way bets are best for long-odds selections, such as in horse racing or golf, where a top finish can still return a solid profit.

Does Parimatch show place terms before I bet?

Yes, Parimatch clearly displays the place terms — such as “1/5 odds, 1–3 places” — before you confirm your each way bet.

Is an each way bet better for beginners on Parimatch?

Yes, because it reduces risk and offers partial returns, making it a useful starting option for new bettors who want to balance risk and reward.