What is an Each-Way (EW) Bet?

An each-way (EW) bet is a wager that consists of two separate bets – a “win” bet and a “place” bet. The win bet is a bet on a selection to win an event, while the place bet is a bet on the same selection to finish within a specified range of positions, usually the top two, three, or four spots, depending on the event and the bookmaker’s terms.

How Each-Way Betting Works

When placing an each-way bet, your total stake is split equally between the win and place bets. For example, a £10 each-way bet would involve a £5 bet on the win and a £5 bet on the place, for a total stake of £10. If your selection wins, both parts of the bet are successful, and you’ll receive a payout for each. If your selection only places, you’ll receive a payout for the place bet, while the win bet will be lost.

Calculating Each-Way Payouts

Each-way payouts are calculated based on the odds for both the win and place bets. The place odds are typically a fraction (e.g., 1/4 or 1/5) of the win odds. To calculate your potential payout, follow these steps:

1. Win bet payout: Multiply your win stake by the win odds.
2. Place bet payout: Multiply your place stake by the place odds (the win odds multiplied by the place fraction).

Add the win and place payouts together to find your total potential payout.

When to Consider Each-Way Betting

Each-way betting is particularly useful in specific situations, such as:

• Competitive fields: In events with many closely-matched competitors, each-way bets can provide a safety net in case your selection doesn’t win but still places.
• Longshots: When betting on selections with long odds, each-way bets can offer a more conservative approach, providing some return even if the selection only places.
• Extra places: Bookmakers may offer additional place positions for specific events, increasing the potential for your selection to place and generate a return.

Pros and Cons of Each-Way Betting

Before placing an each-way bet, consider the following advantages and disadvantages:

Pros:

Increased chance of a return: Each-way bets provide a higher probability of receiving a payout, even if your selection doesn’t win.

Lower risk: By covering both the win and place outcomes, each-way bets can help mitigate risk and reduce potential losses.

Cons:

• Reduced returns: The place portion of an each-way bet pays out at a fraction of the win odds, resulting in lower returns than a straight win bet.
• Increased stake: Each-way bets require double the stake of a single win bet, which can impact your overall betting bankroll.

Conclusion

Understanding each-way (EW) betting is essential for anyone looking to expand their betting options and develop a well-rounded wagering strategy. By learning how each-way bets work and when to consider placing them, you can make more informed decisions and potentially increase your chances of generating a return from your bets.

Understanding Betting Odds

Before diving into betting strategies, it’s essential to understand how odds work. Betting odds represent the implied probability of an outcome occurring and determine your potential returns. By learning how to read and compare odds, you can identify value bets and make informed decisions, increasing your chances of success.

Choose the Right Betting Markets

Selecting the right betting markets is crucial for maximising your profits. Consider the following when choosing a market:

1. Focus on sports you know well: Bet on sports you’re knowledgeable about to make informed predictions.
2. Specialise in niche markets: Smaller, less popular markets often present greater value opportunities.
3. Explore different bet types: Familiarise yourself with various bet types to diversify your betting portfolio and exploit unique opportunities.

Develop a Betting Strategy

A well-defined betting strategy is vital for long-term success. Consider the following tips when developing your plan:

1. Set a budget: Establish a betting bankroll and stick to it, ensuring you don’t risk more than you can afford to lose.
2. Use a staking plan: Implement a staking plan to manage your bets and protect your bankroll.
3. Record your bets: Track your bets, wins, and losses to evaluate your performance and refine your strategy.
4. Stay disciplined: Don’t let emotions drive your betting decisions. Stick to your plan and maintain a long-term perspective.

Utilise Betting Tools and Resources

Leverage various betting tools and resources to enhance your betting performance, such as:

• Odds comparison websites: Compare odds from different bookmakers to find the best value.
• Betting calculators: Use betting calculators to determine potential returns and manage your risk.
• Expert analysis and tips: Follow reputable tipsters and analysts to gain insights and improve your predictions.
• Betting forums and communities: Engage with fellow punters to share knowledge and learn from others’ experiences.

Take Advantage of Promotions and Bonuses

Bookmakers often offer promotions and bonuses to attract new customers and retain existing ones. Make the most of these offers to maximise your returns:

• Welcome offers: Benefit from free bets or deposit bonuses when signing up with a new bookmaker.
• Enhanced odds: Boost your potential returns by taking advantage of enhanced odds on selected events.
• Cashback and loyalty schemes: Earn cashback or other rewards based on your betting activity.

Embrace In-play Betting and Trading

In-play betting and trading can provide additional opportunities to make money from betting:

• In-play betting: Bet on live events as they happen, capitalising on fluctuating odds and changing circumstances.
• Trading: Buy and sell bets on betting exchanges to lock in profits or minimise losses before an event has concluded.

Conclusion

Making money from betting is achievable with dedication, discipline, and a strategic approach. By understanding odds, choosing the right markets, developing a robust betting strategy, and utilising available tools and resources, you can increase your chances of turning a profit. Remember, betting should always be approached responsibly, and you should never risk more than you can afford to lose.

The History of Coral

Coral was founded in 1926 by Joe Coral, initially operating as a bookmaking business at greyhound tracks. Over the years, Coral expanded its operations, launching high street betting shops and, eventually, moving into the online space. Today, Coral is part of the Entain Group, which also owns other prominent betting brands like Ladbrokes and Bwin.

Coral’s Sports Betting Markets

Coral offers a diverse range of sports betting markets, catering to punters with various interests. Some popular sports available for betting on Coral’s platform include:

• Football
• Horse racing
• Tennis
• Cricket
• Rugby

Golf In addition to these popular sports, Coral also provides niche markets, such as eSports, darts, and snooker, ensuring there’s something for everyone.

Coral’s Betting Features

Coral boasts several innovative features designed to enhance your betting experience:

1. In-play betting: Bet on events as they happen, with constantly updated odds.
2. Cash-out: Secure a profit or cut your losses by cashing out your bet before the event has concluded.
3. Live streaming: Watch selected sports events live on Coral’s platform while placing your bets.
4. Build Your Bet: Create custom bets by combining multiple markets for a single event.
5. Enhanced odds: Take advantage of boosted odds on selected events, increasing your potential returns.

Coral’s Promotions and Bonuses

Coral is well-known for offering generous promotions and bonuses to its customers. Some examples include:

• Welcome offers: New customers can benefit from free bets or deposit bonuses.
• Acca boosts: Receive enhanced odds on accumulator bets with a minimum number of selections.
• Money-back specials: Get your stake refunded (as a free bet) if your bet loses under specific conditions.
• Regular promotions: Coral frequently runs promotions on high-profile sports events, providing added value for punters.

Tips for Betting with Coral

To make the most of your Coral sports betting experience, consider the following tips:

1. Research the markets: Familiarise yourself with the sports and events available on Coral’s platform to make informed bets.
2. Take advantage of promotions: Keep an eye out for Coral’s promotions and bonuses to maximise your returns.
3. Set a budget: Establish a betting budget and stick to it, ensuring you don’t risk more than you can afford to lose.
4. Experiment with betting features: Try Coral’s innovative betting features, such as in-play betting and cash-out, to enhance your experience and potentially improve your betting performance.

Conclusion

Coral Sports Betting offers a comprehensive and user-friendly platform for sports enthusiasts looking to bet on their favourite events. With a wide range of markets, innovative features, and generous promotions, Coral provides an engaging betting experience for punters of all levels. By following the tips in this article, you can make the most of your Coral sports betting journey and potentially increase your chances of success.

What is Back Betting?

Back betting, also known as backing, is the traditional form of betting where you bet on an outcome to occur. When backing, you are essentially predicting that a particular event will happen, such as a team winning a match or a horse winning a race. If your prediction is correct, your bet wins, and you receive a payout based on the odds you agreed to when placing your bet.

What is Lay Betting?

Lay betting, or laying, is the opposite of back betting. When laying a bet, you are essentially betting against an outcome occurring. In other words, you’re acting as the bookmaker, offering odds to other punters who believe the event will happen. If the event does not occur, you win the bet and collect the stake money. However, if the event does happen, you have to pay out the winnings based on the odds you offered.

Understanding Liability in Lay Betting

One crucial aspect of lay betting is understanding liability. Your liability is the amount you have to pay out if the outcome you laid occurs. It’s calculated using the following formula:

Liability = (Lay odds – 1) x Stake

It’s essential to be aware of your liability when laying bets, as it can be much higher than your initial stake, especially if you offer long odds.

The Benefits of Back and Lay Betting

Back and lay betting offers several advantages, including:

1. Flexibility: Punters can choose to either back or lay, depending on their analysis and predictions.
2. Trading opportunities: Back and lay betting allows for trading on betting exchanges, enabling you to lock in profits before an event finishes.
3. No need for a bookmaker: Betting exchanges enable peer-to-peer betting, removing the need for traditional bookmakers and potentially offering better odds.

Tips for Successful Back and Lay Betting

To make the most of back and lay betting, consider the following tips:

1. Do thorough research: Analyse the market, competitors, and historical data to make informed decisions.
2. Manage your bankroll: Set a budget and stick to it, ensuring you don’t risk more than you can afford to lose.
3. Stay disciplined: Don’t let emotions influence your betting decisions. Stick to your strategy and make rational choices.

Conclusion

Understanding back and lay betting is crucial for anyone looking to explore the world of betting exchanges. By learning how to both back and lay bets, you can take advantage of different betting strategies, increase your flexibility, and potentially improve your overall betting performance.

Betting on sports, especially horse racing, can be an exciting pastime. However, understanding the jargon used in the industry can be a challenge for newcomers. One term that often comes up is “SP,” or “Starting Price.” In this article, we’ll explain what SP means in betting, how it’s determined, and its importance in horse racing and sports betting.

What is SP (Starting Price)?

SP, short for Starting Price, refers to the odds assigned to a horse or participant at the beginning of a race or event. It is the final price offered by bookmakers when the race begins, and it’s used to determine the payout for winning bets.

How is SP Determined?

The SP is determined by a panel of bookmakers at the racecourse, taking into account various factors such as:

• Betting activity at the racecourse
• Online and off-course betting activity
• The opinions of other bookmakers

These factors contribute to an overall consensus, which leads to the final SP for each participant.

The Importance of SP in Horse Racing

Betting SP is crucial in horse racing betting for several reasons:

• Fairness: It ensures that all bettors receive the same odds, regardless of when they placed their bets.
• Transparency: SP offers a clear reference point for comparing odds and potential payouts.
• Simplicity: For casual bettors, SP eliminates the need to search for the best odds, as they are automatically applied.

Comparing SP and Fixed Odds

While SP represents the odds at the start of a race, fixed odds are set in advance and don’t change. The main differences between the two are:

1. Flexibility: Fixed odds allow bettors to lock in a price, while SP odds can change until the race begins.
2. Potential payouts: SP can result in higher or lower payouts than fixed odds, depending on market fluctuations.

How to Use SP in Your Betting Strategy

To effectively use SP in your betting strategy, consider the following tips:

• Analyse past performance: Research the history of SPs for similar races or events to identify trends.
• Assess the competition: Evaluate the participants and their odds to make informed decisions.
• Monitor the market: Keep an eye on betting activity and fluctuations to anticipate potential SP shifts.

Conclusion

Understanding SP in betting is essential for anyone looking to make informed bets on horse racing or other sports. By grasping the concept of Starting Price and how it’s determined, bettors can make better decisions and improve their chances