It is over a month away, however, the Grand National is the most bet on horse race in the English racing calendar, and it is usually around this time most punters will be on the hunt for the best each-way betting value.
When betting each-way, punters are required to place two bets in one, both of which have to be of the same value, and the first part of that bet is a win bet on the horse they have selected, and the second part of that bet covers their horse finishing in one of the top few positions in that race.
However, whilst the odds on the horse selected will often vary from betting site to betting site, and it is of course those sites offering the highest win odds that all racing fans will be making a beeline to bet at, when betting each-way it is the terms attached to the placed bet that also need to be taken in account.
A percentage of the win odds are paid out on winning each-way bets, and often on the Grand National that percentage will be one fifth of the win odds, and most bookies will be paying out to four places, too.
But by shopping around it is possible to find some bookies that will be paying out to five places and paying out one fifth of the win odds too on the place part of an each-way bet. So anyone out there that is thinking of backing a horse to win the Grand National should be on the hunt for the betting sites with the best each-way terms.
In fact, some bookies will pay out to even more place positions, however, the percentage of the win odds they do pay on the place part of such a bet could be lower.