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Prop betting seeks to proposition the bettor with a question, one that may or may not have a direct bearing on the final score. For example: How many receiving yards will Tyreek Hill have?
An Each Way (E/W) bet is basically two bets - one bet is for the horse to win, the other is for the horse to place. Because it is two bets, you have to double your stake. You will receive a return on your bet if your selection wins but also if it places.