Each Way betting explained for Grand National

With the bulk of Grand National bets each year being placed by ‘once-a-year’ punters, placing a simple wager can still be a daunting prospect. But, don’t worry, there is good news. Grand National betting odds are in your favour once you get a handle on each-way betting, with our each way bet Grand National betting guide for 2023. Grand National each way betting is the most popular form of betting, accounting for around 75% of all bets placed at Aintree.

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What is each way betting?

Each way is a term you’ll hear mentioned regularly in the betting world, and it’s a way of betting that allows you to cover the possibly of your horse winning and your horse finishing in the top few places. It is often shortened to EW or E/W, and literally gives you the chance of winning in each of those two ways.

How does each way betting work?

Each way bets are two bets in one. The first part of your bet will go on your horse to win the Grand National and the other part will go on the horse to be placed in the race, which typically means it must finish in the first four or five places. The two bets are always of equal stakes, for example £5 to win and £5 to place, and you’ll win your bet whichever of those two scenarios happen. The table below breaks down the different outcomes that are possible.

ScenarioWin part of betPlace part of bet
Horse winsWinnerWinner
Horse finishes in top 4*LoserWinner
Horse finishes outside top 4*LoserLoser

*The exact number of places will vary depending on the bookmaker you bet with and the race you bet on. For the Grand National though, this will be at least 4 places, and often 5 or more.

Bet each way on the Grand National with these bookmakers

Grand National Betting Offers
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Go to Paddy Power
T&Cs: New customers only. Place your FIRST bet on any market at odds of min 2.0 (EVS) and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply Terms & Conditions
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Go to Quinnbet
Key T&Cs: If your account has Sportsbook losses at the end of your first day's betting, QuinnBet will refund 50% of your losses as a Free Bet up to £25 (min 3 bets) Plus 10 Free online casino spins at QuinnCasino. Even if your account is up, you're guaranteed a £5 Free Bet Plus 10 Free Spins provided you place at least 1 bet of £10 or greater at the minimum odds. T&Cs apply | 18+ New UK Customers Only | BeGambleAware.org Terms & Conditions
Key T&Cs: If your account has Sportsbook losses at the end of your first day's betting, QuinnBet will refund 50% of your losses as a Free Bet up to £25 (min 3 bets) Plus 10 Free online casino spins at QuinnCasino. Even if your account is up, you're guaranteed a £5 Free Bet Plus 10 Free Spins provided you place at least 1 bet of £10 or greater at the minimum odds. T&Cs apply | 18+ New UK Customers Only | BeGambleAware.org Terms & Conditions
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Go to Boylesports
T&Cs Apply: Mobile exclusive. Min stake £10. Min odds Evs. First bet only. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets bets won't apply. Payment method restrictions. New UK customers (Excluding NI) only. One Free Bet offer per customer, household and IP Address only. 18+. T&Cs apply. Terms & Conditions
T&Cs Apply: Mobile exclusive. Min stake £10. Min odds Evs. First bet only. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets bets won't apply. Payment method restrictions. New UK customers (Excluding NI) only. One Free Bet offer per customer, household and IP Address only. 18+. T&Cs apply. Terms & Conditions
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Go to 888 Sport
Key T&Cs: Min deposit £10 • A qualifying bet is a ‘real money’ stake of at least £10 • Min odds 1/2 (1.5) • Free Bets credited upon qualifying bet settlement and expires after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Casino bonus expires after 60 days • Withdrawal restrictions & full T&Cs apply. Bet Responsibly Terms & Conditions
Key T&Cs: Min deposit £10 • A qualifying bet is a ‘real money’ stake of at least £10 • Min odds 1/2 (1.5) • Free Bets credited upon qualifying bet settlement and expires after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Casino bonus expires after 60 days • Withdrawal restrictions & full T&Cs apply. Bet Responsibly Terms & Conditions
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Go to William Hill mob
Key T&Cs: 18+. Play Safe. From 00:01 on 13.04.2022. £40 bonus. New customers signing up through mobile or tablet device only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook. Further terms apply. #ad Terms & Conditions
Key T&Cs: 18+. Play Safe. From 00:01 on 13.04.2022. £40 bonus. New customers signing up through mobile or tablet device only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook. Further terms apply. #ad Terms & Conditions
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Go to William Hill
Key T&Cs: 18+. Play Safe. From 00:01 on 13.04.2022. £30 bonus. New customers only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook. Further terms apply. #ad Terms & Conditions
Key T&Cs: 18+. Play Safe. From 00:01 on 13.04.2022. £30 bonus. New customers only. Minimum £10 stake on odds of 1/2 (1.5) or greater on sportsbook. Further terms apply. #ad Terms & Conditions
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Go to Grand National bet365
Key T&Cs: Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Terms & Conditions
Key T&Cs: Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. Terms & Conditions
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Go to 10bet
Key T&Cs: 18+ begambleaware.org; New bettors get 100% of deposit up to £50; Once per household; Min deposit £15 (no Skrill/Neteller); Wager a total of 8 times deposit + bonus, with max qualifying bet stake equal to your initial bonus amount; Bonus expires after 60 days; Min odds of 4/5 on singles, or 2/5 per leg for acca; Some bet types excluded; Free spins validity: 7 days; Free spins max. winnings = £100; See full terms; Terms apply Terms & Conditions
Key T&Cs: 18+ begambleaware.org; New bettors get 100% of deposit up to £50; Once per household; Min deposit £15 (no Skrill/Neteller); Wager a total of 8 times deposit + bonus, with max qualifying bet stake equal to your initial bonus amount; Bonus expires after 60 days; Min odds of 4/5 on singles, or 2/5 per leg for acca; Some bet types excluded; Free spins validity: 7 days; Free spins max. winnings = £100; See full terms; Terms apply Terms & Conditions
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Go to Ladbrokes
Key T&Cs Apply: 18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min 5 bet within 14 days of account reg at min odds 1/2 = 4 x 5 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply. T&Cs apply. Terms & Conditions
Key T&Cs Apply: 18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min 5 bet within 14 days of account reg at min odds 1/2 = 4 x 5 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply. T&Cs apply. Terms & Conditions
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Go to Betfred Grand National
Key T&Cs: New UK customers only. Register using the promo code BETFRED60, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £20 in Free Bets to be used on Sports, £10 in Free Bets to be used on Lotto and 50 Free Spins (20p per spin) credited within 10 hours of bet settlement. Further £20 in Free Bets credited 5 days after settlement. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply. Terms & Conditions
Key T&Cs: New UK customers only. Register using the promo code BETFRED60, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £20 in Free Bets to be used on Sports, £10 in Free Bets to be used on Lotto and 50 Free Spins (20p per spin) credited within 10 hours of bet settlement. Further £20 in Free Bets credited 5 days after settlement. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply. Terms & Conditions
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Go to Coral
T&Cs apply: 18+ New UK & ROI Customers only. Min deposit £5. Min first £5 bet at minimum odds 1/2 to qualify for 1x 20 free bet. Certain deposit methods and bet types excl. Free bet valid for 7 days, stake not returned. Restrictions + T&Cs apply. Terms & Conditions
T&Cs apply: 18+ New UK & ROI Customers only. Min deposit £5. Min first £5 bet at minimum odds 1/2 to qualify for 1x 20 free bet. Certain deposit methods and bet types excl. Free bet valid for 7 days, stake not returned. Restrictions + T&Cs apply. Terms & Conditions
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Go to Betfair
Key T&Cs: Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly Terms & Conditions
Key T&Cs: Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly Terms & Conditions
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Go to Betfair Exchange
Key T&Cs: New customers only, max £20 cash refund. Bet must be placed in first 7 days of account opening. Payment restrictions apply. T&Cs apply. Terms & Conditions
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Go to Betvictor
Key T&Cs: 18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus a £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly Terms & Conditions
Key T&Cs: 18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus a £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly Terms & Conditions
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Go to Unibet
Key T&Cs: 18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first racing bet loses. Wagering: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Sports bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Full T&Cs apply. Terms & Conditions
Key T&Cs: 18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first racing bet loses. Wagering: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Sports bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Full T&Cs apply. Terms & Conditions
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Go to Tote New
Key T&Cs: New customers online only. Place your first bet on racing pools for a minimum of £/€5 and win or lose you will receive £/€20 Tote Credit. £/€20 Tote Credit rewarded as £/€10 redeemable against racing bets only and £/€10 redeemable against UK and Irish placepot bets only. Tote Credit cannot be withdrawn, exchanged, or substituted and expires after 7 days. Qualifying bet is the first racing pool bet added to the bet-slip. Ten to Follow, virtual and football bets do not qualify. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. UK & ROI customers only. 18+. Full T&Cs apply. BeGambleaware.org Terms & Conditions
Key T&Cs: New customers online only. Place your first bet on racing pools for a minimum of £/€5 and win or lose you will receive £/€20 Tote Credit. £/€20 Tote Credit rewarded as £/€10 redeemable against racing bets only and £/€10 redeemable against UK and Irish placepot bets only. Tote Credit cannot be withdrawn, exchanged, or substituted and expires after 7 days. Qualifying bet is the first racing pool bet added to the bet-slip. Ten to Follow, virtual and football bets do not qualify. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. UK & ROI customers only. 18+. Full T&Cs apply. BeGambleaware.org Terms & Conditions
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Go to Parimatch Ascot
Key T&Cs: 18+ New customers only. Opt in and bet £10 on any Horse Racing market at odds 2.00+ in 7 days. No cash out. Get 6x £5 Horse Racing free bets + £5 slot bonus, 20x wagering to withdraw max £250. Free bets expire in 24h and bonuses in 7 days. Card payments only. T&Cs apply. begambleaware.org | Please gamble responsibly Terms & Conditions
Key T&Cs: 18+ New customers only. Opt in and bet £10 on any Horse Racing market at odds 2.00+ in 7 days. No cash out. Get 6x £5 Horse Racing free bets + £5 slot bonus, 20x wagering to withdraw max £250. Free bets expire in 24h and bonuses in 7 days. Card payments only. T&Cs apply. begambleaware.org | Please gamble responsibly Terms & Conditions
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Go to Fansbet
Key T&Cs: Offer for new customers who register via Mobile; Place first £10 bet on sports with 3 legs at odds of 1.3 or greater per leg; Free Bet credited after the qualifying bet has settled; Free Multiple Bet must contain 3 legs at odds of 1.3 or greater per leg; Free Bet stakes not returned; No wagering requirements on winnings; £100 max win; T&C’s apply; 18+ Terms & Conditions
Key T&Cs: Offer for new customers who register via Mobile; Place first £10 bet on sports with 3 legs at odds of 1.3 or greater per leg; Free Bet credited after the qualifying bet has settled; Free Multiple Bet must contain 3 legs at odds of 1.3 or greater per leg; Free Bet stakes not returned; No wagering requirements on winnings; £100 max win; T&C’s apply; 18+ Terms & Conditions
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Go to Matchbook
Key T&Cs: The user must enter Bonus Code ‘MATCHBOOK30’ during registration. Minimum Odds of 1.8 for first bet to qualify. Losses will be refunded on first bet only, as a free bet - up to £30. Users cannot back and lay the same selection on the first bet. Only open to users who deposit via debit card. New Customers Only. 18+. Be Gamble Aware. Terms & Conditions
Key T&Cs: The user must enter Bonus Code ‘MATCHBOOK30’ during registration. Minimum Odds of 1.8 for first bet to qualify. Losses will be refunded on first bet only, as a free bet - up to £30. Users cannot back and lay the same selection on the first bet. Only open to users who deposit via debit card. New Customers Only. 18+. Be Gamble Aware. Terms & Conditions
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Go to Kwiff
Key T&Cs: New customers & 18+ only. Min. deposit of £/€10. Qualifying real money bet of £/€10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Additional T&Cs apply. Please gamble responsibly. Terms & Conditions
Key T&Cs: New customers & 18+ only. Min. deposit of £/€10. Qualifying real money bet of £/€10. Min odds greater than or equal to 1.5 required. E/W bets excluded. Additional T&Cs apply. Please gamble responsibly. Terms & Conditions
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Go to Betway GN
Key T&Cs: *New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football or Horse Racing multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ BeGambleAware.org Full terms apply. Terms & Conditions
Key T&Cs: *New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football or Horse Racing multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ BeGambleAware.org Full terms apply. Terms & Conditions

Grand National special offers – free bets, NRNB, best odds guaranteed, extra places

More offers will be displayed closer to the event!

Each April the ‘once-a-year’ bettors place their annual Grand National bet, but it’s a lot easier betting on the world’s greatest steeplechase than it used to be. High street bookmakers, like Ladbrokes and William Hill, will draft in extra staff to help, while with online betting at an all-time high you don’t even have to leave the house to place a bet on the 2023 Grand National!

Most punters will just want to pick out a horse to win the Grand National and simply place a set stake on that horse crossing the line before all the others do. However, the next step up from a ‘win-only’ option is the popular GRAND NATIONAL EACH WAY BETTING.

Why choose Grand National each way betting over simple win betting?

The total bet will cost you double, but should your horse NOT WIN, but finish 2nd, 3rd or 4th then you’ll still get a return from your bookmaker. It really all depends on a few things –

  • What kind of punter you are
  • How much you fancy your Grand National horse to actually win the race

However, in a race like the Grand National with 40 horses, plus 30 unique fences to jump, you might have by far the best horse in the race but it’s still got to get around and get through the 4+ miles safely.

If – for example – you have £20 to spend on your Grand National bet you will win more if you are just placing the full £20 on the horse to win.

But if you are placing £10 each way bet Grand National (total stake £20), you won’t win as much for the horse winning, but you’ll be safe in the knowledge that if the horse is pipped on the line to be 2nd, or runs on to take 3rd or 4th then you’ll still be paid out. You won’t get that with a simple win bet.

Use our EACH WAY Bet Calculator

Grand National each way betting example

Don’t forget an each-way bet is made up of two parts so when working out any each-way bet this same principle applies. You’ve got a win bet and a place bet – so after the race, you need to ask yourself two questions:

  • Did my horse win?
  • Did my horse finish 2nd 3rd or 4th?

If the answer to both questions is ‘YES’ then you’ve clearly just backed the winner of the 2023 Grand National and are in line to be paid out on both parts of your each-way bet.

If the answer is yes to the second question – did my horse finish 2nd, 3rd or 4th? – you’ve won your place part of your each-way bet and will be paid out at ¼ the odds. These odds will either be what you decided to take at the time you placed the bet or if you ‘let the bet ride’ it will be settled at the industry SP odds at which the horse won.

Example:

Bet: £10 each-way (total stake £20) on RED RUM
RED RUM: Wins the Grand National @ 16/1
Win part of your each-way bet (£10) Returns = £160 (+ your £10 stake back) = £170
Place part of your each-way bet (£10) Returns = £40 (1/4 of 16/1 = 4/1) (+your £10 stake back) = £50
TOTAL OVERALL WINNINGS = £170 + £50 = £220

If RED RUM had finished 2nd, 3rd or 4th in this race then you’d only qualify for the place part of your bet = £50

Note: Many bookmakers will add in special ‘extra places’ on the day. So, for example, if your horse finishes 5th or 6th you might still get paid out (more on Grand National bookmaker special offers below).

If you’ve placed your Grand National bet online then you’ve nothing to worry about as the bookmakers will work out the bets for you. Yes, they will also do this in the shop, but it’s always advised to know what your returns are before accepting your winning cash off them after the race.

Each way example payouts

The table below shows the payouts you can expect if you’re placing a £10 each way bet at with the place part paying 1/4 of the odds. Of course, the place part won’t always be at 1/4 the odds, so use our each way bet calculator, to find your exact payout.

OddsWinner WinningsPlace WinningsTotal Winnings (not including stakes)
2/1£20£5£25
4/1£40£10£50
6/1£60£15£75
8/1£80£20£100
10/1£100£25£125
14/1£140£35£175
20/1£200£50£270
33/1£330£82.50£412.50
50/1£500£125£625
100/1£1,000£250£1,250

Common Grand National each way betting mistakes

These mistakes mainly surround the staking as novice punters may not be aware that an each-way bet is, in fact, TWO BETS – therefore, your stake (whatever you decide that is going to be) needs to also be doubled.

For example, A £10 each-way bet on a Grand National horse will cost you £20 in total (£10 for the win part of the bet, £10 for the horse to be placed).
Another common mistake, if you are placing a bet in a shop, is to make sure you write ‘each-way’ or ‘E/W’ next to the name of the horse you are betting on.
Or, if you are betting on the Grand National online then when placing your bet this way will always require you select an e/w button or box to tick. The good news online though is that your total stake will be worked out for you should you tick the ‘each-way’ button.

How do I win – each way betting rules

The number of places that bookmakers pay out on is determined by the number of runners in the race. With the Grand National being a handicap race that always has 16 or more runners, the industry set each-way terms that this race falls into are highlighted below.

Handicap races:

Total runnersPlace terms
2-4Win only
5-71/4 the win odds, 2 places (1st-2nd)
8-111/5 the win odds, 3 places (1st-3rd)
12-151/4 the win odds, 3 places (1st-3rd)
16 or more1/4 the win odds, 4 places (1st-4th)

This means because the race has 16 or more runners, and the type of race is a handicap, all UK bookmakers have to pay their customers on the place part of the bet at ¼ the odds and for 1st, 2nd, 3rd & 4th places.

In a nutshell, the horse you are betting on in the 2023 Grand National needs to finish in the top 4 in order for you to win something on your each way bet!

Where to place the bet? List of bookmakers

As already mentioned, the standard industry place terms for the Grand National (providing there are 16+ runners) are set at 4 places, but a lot of the main bookmakers will entice customers in by offering extra places.

It’s a tough feeling when your horse finishes fifth or sixth and you don’t receive your each way bet Grand National payout, just because your bookmaker is paying out on fewer each way places than the rest. Bookmakers that offer extra places and the best each way bet Grand National terms include:

These bookmakers give you also interesting Grand National Free Bets offers.

Some bookmakers have even been known to offer places right down to 7th and 8th in the past so be sure to hunt around for the best offer. All we would say is that those bookmakers that might be offering extra places on top of the standard 1-2-3-4 may well compensate this by offering slightly worse odds on the race so take this into account. Yes, you might be getting 1-2-3-4-5 places, but that might be sacrificed by having to back a horse at 10/1 that is 14/1 elsewhere.

Grand National Guide PDF

Download our Grand National Betting Guide

Betting on Grand National from the US

Not in the UK this year but still want to bet on the Grand National? Don’t worry, there are US horse race betting sites that will give you the same great Grand National action! Brush up on how to bet on horses in the US to make sure you can place all your bets in time.

Which Grand National horses should I bet each-way on?

With the betting on the Grand National each year always extremely competitive, punters should shop around and get value betting odds.
The general rule with Grand National each way betting is that because the place part of an each-way bet is ¼ of the winning odds, the benchmark price to bet each-way is around 4/1 or higher.

Anything lower than 4/1 and, unless the horse wins, you’ll actually return a loss on your overall stake.

But the good news about the Grand National is that it’s extremely rare for horses to be priced-up in the betting market at 4/1 or shorter. Even the favourites in the race are generally around 8/1-10/1, while in 2009 we even saw a 100/1 winner of the Grand National – a ¼ of 100/1 is still a tasty 25/1 so even the place part of this bet for punters saw a mega return.

Virtual Grand National each way betting

Interest in the Virtual Grand National has increased after the 2020 race was cancelled, so you may also be interested in Virtual Grand National each-way betting. The good news is that you’ll also be able to place each-way bets on the Virtual Grand National the night before the big race.

GRAND NATIONAL Betting Offers

Other useful pages

We hope you now feel more comfortable with Grand National each way betting, so why not take the next steps in discovering how to bet on the Grand National, with our Tote betting guide and ante-post betting guide, removing the confusion associated with racing and betting terminology to give you an enjoyable experience.

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