Each-Way Bet Explained An Each Way bet has two parts of it, a “win” and a “place”. A winning selection in an Each Way bet means a payout on both parts. If the selection doesn’t win then only the “place” part will be paid out if the selection finishes high enough (say 2nd, 3rd or 4th depending on the event). A loss and the entire bet loses. New customer? Check for the latest Bet365 Bonus Codes when opening an account.