Learn all about the dynamite new Position Payout market available now at bet365 Sport. A new way to bet each way.
The way you can bet each way on horse racing could be about to change. All thanks to an exciting new feature from bet365 Sport. Position Payout, released in late July 2025, offers new and eligible bet365 customers an incredible and potentially more rewarding way to bet on the place positions in horse racing.
Each-way betting has been around for a long time, but it is still one of the more confusing bets for punters, especially those who are new to this type of betting.
Position Payout promises to deliver a new way to bet each way, which cuts down the confusion and makes things much clearer!
So why is this new feature required? Let’s take a closer look at some issues that are commonplace with each-way betting on horse racing.
You may wonder whether, given the longevity of each-way betting, there was a need for a new approach to this type of place betting.
The answer to that is yes, because betting each-way does have some dynamics that can make it very confusing, especially for novice bettors. Some of the most common issues arising from each-way betting include:
Experienced punters know that a £1 each way bet, costs £2, because an each way bet has two unit stakes – one to cover the win part of the bet, one to cover the place part.
However, novice punters will often think a £1 each-way bet is the same value as a £1 win bet and can be surprised to find that their £1 each-way bet has cost them twice as much as they expected.
With each-way betting, the number of places paid out on a race is determined by many factors, most commonly the type of race being run and the number of runners in a race. This will determine whether there will be none, one, two or three places paid out alongside the winner.
Novice punters can often fail to understand how many places are paid in a race. Especially if there are several non-runners in a race, which means the number of runners dips below a threshold and changes the number of paid places on offer.
Many beginners like to keep their betting simple when they start betting, but when they start to get into the odds for each-way places, things can quickly get confusing.
For example, if you place an each-way bet on a horse at 1/3 of the odds to win of 19/4, working out the exact odds for that bet is very difficult without a bet calculator to help you out.
As such, knowing how much you stand to get returned, especially for the place part of the each-way bet, can be very tricky.
Perhaps the biggest issue for each-way betting as it stands is that each place bet pays the same amount, the fraction of the winning odds. That is the case regardless of whether your place bet finishes second, third or fourth.
For a long time, punters have felt that there should perhaps be a greater reward for an each-way bet, seeing a selection finish second compared to third, or third compared to fourth.
Working from the principle that each way betting could be made simpler and even more rewarding, bet365 has devised the new Position Payout market to address these issues and offer its customers a clear way to bet each way.
Bet365 Review » Min Deposit: £5 » Expiry: 30 days » Min Odds: 1/5 (1.20)
← CLICK TO COPY
Bet365 have ensured that the Position Payout market addresses the key issues many punters, and particularly novices, have with standard each-way betting. Let’s clarify how these issues have been addressed.
Rather than paying for a place and win part of the bet, with Position Payout you simply state a single unit stake. No more each-way bets costing double what you expected! The single unit stake is the price you pay for your Position Payout bet.
Confused over whether it is two, three or four places paid in a race? No more with Position Payout! This new feature will clearly identify how many places are on offer for each race for you to bet on using the market!
Dreading the nightmare of having to work out each way odds based on a fraction of a fraction? Well, with Position Payout, there is no need! Each position will be prescribed its own exact odds for the bet, so not only do you know your stake, you also know the exact odds in a simple and easy-to-understand format!
Felt a little hard done to when your selection that finishes a very close second gets paid out the same as a horse that trails in 20 lengths behind in third? Well, with Position Payout, the odds are staggered, meaning that if your selection finishes second, then they will earn a bigger payout than the horse would
Position Payout works by offering bet365 customers a simple single odds for a horse finishing in a stated place in a race (second, third, fourth etc). Furthermore, the bettor only needs a single unit stake to place the bet.
Currently, Position Payout is available for horse racing only.
Wondering when would be the perfect opportunity to try out the Position Payout feature at bet365? Well, at the end of this month, there are two huge summer racing festivals taking place in the UK and Ireland that fit the bill perfectly!
From Tuesday, July 29th to Saturday, August 2nd 2025, all eyes in the horse racing world will be on the Qatar Goodwood Festival, which is also known by its more commonly used nickname “Glorious Goodwood”!
The festival features a trio of Group 1 races, the Sussex Stakes, the Goodwood Cup and the Nassau Stakes.
Running over seven days from Monday 28th July through to Sunday 3rd August 2025, the Galway Races, or Galway Festival, is held at Ballybrit Racecourse every year in the verdant county of Galway. It is one of the world’s biggest meetings each year, with over 100,000 fans expected to attend from all over the world!
Feature races of this hugely popular event include Wednesday’s Galway Plate and the Galway Hurdle, which takes place on Ladies Day (Thursday) of Galway Festival week.
So, whether it is Glorious Goodwood or the Galway Festival, you have plenty of chances to check out the exciting new Position Payout feature at bet365!
If football betting is more your thing, then don’t forget that bet365 has also released a relatively recent feature to offer punters an even better deal on specific player bets!
This is the exciting Sub On Play On offer, which means if you place a qualifying player-based bet on a match, and the player you have backed in the market gets substituted, your bet won’t be marked as a loser. Instead, if the bet hasn’t already won or lost, it will continue with the player substituted onto the field!
This offer is readily available across a wide number of markets for a huge selection of games throughout the football season at both club and international, covering domestic league and cup competitions, plus international friendlies, qualifiers and finals matches.
This is just one of a number of different football features you can find available at bet365 Sport throughout the season.
18+ Always remember to gamble responsibly. Check out bet365’s Safer Gambling page for more details or go to GambleAware.org for advice, tools and support.
All contents are ©
Bet365 Bonus Code, Sports, Casino and Poker Sign up offers and News
18+ Worried about your gambling? Gamcare - When the fun stops – STOP!