Sports-specificGlossary
Place terms
Also known as: EW terms, Each-way terms
The bookmaker rules on each-way bets: how many places are paid, and at what fraction of the win odds. Standard examples: 8+ runner handicap races pay 1/5 odds on first 4 places; non-handicaps pay 1/4 odds on first 3. Golf majors typically pay 1/4 odds on first 8 places. Place terms vary by race, sport, and bookmaker promotion — always check before placing.