How does each way break-even in betting? Well, you do a little bit of basic maths to know if you will at least break even when you might only win with the place portion of your bet. If place bet pays 1/5, you would then need to have a win odds of at least 5/1 to get your money back. If place bet pays 1/4, then your horse should then come in with a minimum price of 4/1. As long as it meets those requirements, you will at least get your money back if the horse places only. As you might have guessed, you want to avoid all-place bets on favorites. Are There Enough Places to Make an All-Place Bet Worthwhile? READ MORE.. https://blog.winbaji.com/the-basics-of-each-way-betting-how-it-functions-in-sports-betting/