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Why the “each-way” concept trips up most bettors
Look: you place a bet on a horse, you think you’ve covered win and place, but the math sneaks in a hidden fee. That’s the patent-style each-way trap.
What the patent actually covers
Here is the deal: a patent each-way bet isn’t just a win-plus-place combo. It’s a pre-approved, fixed-odds package that the bookie sells as a single ticket. The win portion follows the standard odds, the place portion is calculated at a reduced fraction — usually 1/5 or 1/4 — of those odds, and the patent fee tacks on a flat commission.
Breakdown of the numbers
Say a horse is 10/1. In a regular each-way, the place part would be 2/1 at 1/5 odds. In the patent version you get 10/1 win, 2/1 place, plus a 5% commission on the total stake. The commission slashes your potential profit, especially on long shots.
Why the patent model is a money-sucker
And here is why: the commission is applied to the whole ticket, not just the win leg. That means even if your horse only places, you still lose a chunk of the stake. The longer the odds, the deeper the bite.
Real-world example
Imagine you wager $10 on a 20/1 outsider. Regular each-way: win $200, place $40, total $250 if it wins, $50 if it places. Patent each-way with 5% commission: you lose $1 off each leg, ending with $249 win, $49 place — effectively a $2 loss no matter what.
How to spot a patent each-way before you sign
By the way, the contract will explicitly mention “patent” or “fixed commission.” If the bookmaker touts a “special each-way” with a flat fee, run. The safe route is the traditional each-way where the place odds are transparent and no extra charge lurks.
What to do instead
Here’s the actionable tip: always calculate the place return yourself before you accept the ticket. Subtract any listed commission, compare it to the standard each-way payout, and if the patent version yields less, walk away. Use the Each-Way Patent Bet as a reference point for the exact percentages and avoid being blindsided.
