Win, Place & Each Way Bets

Win, Place & Each Way Bets

In terms of racing bets, there is a large variety of markets to place bets on. Below you can find a description for Win, Place and Each Way bets. 

  • Win Bet – A Win bet is placed on a horse or dog to finish the race in first position.
  • Place Bet – A Place Bet is placed on a horse or dog to finish the race in:
    The first, second or third position, if there are 8 runners or more in the race;
    If there is less than 7 runners a place bet will be on first and second place;
    If there are fewer than 5 runners there will be no place bet offered.
  • Each Way Bet – An Each Way Bet is a combined Win and Place bet. Half of the stake will be placed on the win and half of the stake will be placed on the Place.
    For example, a $1 Each Way bet = $1 on the Win and $1 on the Place for a total stake of $2.

    • Related Articles

    • Why Didn’t My Place Bet Pay Out?

      Place payouts are determined based on the field size, in racing this is the number of runners in a race. Where there are 8 or more runners in a race, a place is paid on first, second and third places. Races where there are 7, 6 or 5 runners will only ...

    • What Is A Dead Heat In Racing And How Are Bets Paid Out?

      A dead heat refers to an outcome where two or more competitors are tied for the same position. In this instance, your bet is settled under the dead heat rules for that event. In the event of a dead heat, wagers will be paid at the face value of the ...

    • Third-Party Policy

      As the account holder, you are the only person that is permitted to use your FiestaBet account. This means you are not permitted to have any third-party activity on your account whether it be placing bets, depositing funds, or withdrawing funds. If ...

    • What Is A Deposit Limit?

      What Is A Deposit Limit? FiestaBet Deposit Limit feature is a simple and flexible way to limit your spending. It restricts the amount of money you can transfer into your FiestaBet account, over a set period of time. You can choose both the dollar ...

    • What Are Deductions?

      In the context of fixed odds betting in racing, it's common practice across the industry for deductions to be applied due to non-starters, known as 'scratchings'. These deductions are taken from the potential winnings as a certain cent amount per ...