Englisheach way British English
▸ adverb in two equal wagers, one backing a horse or other competitor to win and the other backing it to finish in the first three:
in the same race, I had £1 each way on Golden Palace.
▸ adjective (of a bet) divided into two equal wagers, one backing a horse or other competitor to win and the other backing it to finish in the first three:
he could be worth an each-way bet.
▪ used to convey that a competitor is equally likely to finish first, second, or third in a race, from a betting point of view:
Travado has an each-way chance.