An each way treble bet works by placing stakes on three different entries in a horse race. Hence the reason behind why it is called a treble.
The Each Way Treble bet is composed of two parts: the win and place parts.
- The win part is placed on the horse that you think will win the race.
- The place part is placed on the horse that you think will finish in one of the “places” (2nd, 3rd, 4th or 5th place) this depends on the numbers of runners.
- The two parts should have an equal amount of stakes.
For example, if you placed £3 on the win part, the place part should also have a “£3” bet. Because you are staking the bets on three different horses, there is a probability for you to lose a bet on the win part, but still win with the other place entries that come through.
The best part is that of an each way treble can yield to more winnings, given that both the win and place parts win the race.
The Each Way Treble bet can have several results.
- First, all three horses win. You will get winnings from both your win and place bets.
- Secondly, one of your horses place, making you win a “win” or “place” part of the bet.
- Thirdly you can have your win and place bets lost if none of the horses place.
A good thing about an each way treble bet is that you can select three horses and place a single bet combining the three. Another important thing to note is that “place” bets winnings are paid out only by a fraction of the amount of the bet displayed before the beginning of the race.
Let us take a look at how an each way treble bet works:
For example, you placed a $3 bet on three horses. First horse has a 7/3 odds of winning, second horse has 13/5 and third horse has 7/2.
Let us compute the winning amount of these horses given that any of the horses win.
- Computing, horse number one you will yield $3 x 3.337 giving you total winnings of $10.
- For horse number 2, you will have $3 x 3.6 giving you total winnings of $10.8.
- Lastly, if you placed another $3 bet on a third horse and if you multiply it by its winning odds, you will get $13.5 ($3 x 4.5 = $13.5).
Adding up the winnings, you will have an accumulated amount of $34.3, which you can carry over to the next stake.
Let us now take a look on how to compute for the amount of a winning place part of a bet with odds of ¼ from the total winning amount:
- For the first place bet, ¼ of $10 is $2.5.
- The second horse you will get winnings of $2.7.
- The third horse, your winnings will be $3.375.
Adding up all these “place” bet winnings, you will have $8.575. Not bad for non-winning “place” bets. These returns are carried over into the next stake.