The Meaning of 'Fixed Each-Way' Betting Explained
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An “each way fixed” bet in horse racing means you’re placing two bets (one for the win and one for a place) at fixed odds which can not fluctuate like Tote Odds can.
When a bet is placed “each way”, it is essentially two separate bets:
The first part of the bet is for the horse to win the race.
The second part of the bet is for the horse to place in the race. The number of places that are paid out will depend on the race and the bookmaker’s rules, but it’s generally the top 3 or 4 places.
The term “fixed” in the context of betting refers to “fixed odds”. This means that the odds are set at the time the bet is placed, and they will not change regardless of how the odds might fluctuate after the bet is made like they can when betting via Tote odds – learn more about fixed odds vs Tote here.
The total stake will be double the unit stake, as you’re effectively making two separate bets. If your horse wins, you will collect both the win and the place payout. If your horse only places, you will collect just the place payout. If your horse does neither, you lose both parts of the bet.
Read our full guide to each way betting here.
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