each-way

listen to the pronunciation of each-way
English - English
(adjective & adverb) Brit. (of a bet) backing a horse or other competitor either to win or to finish in the first three
If you bet money each way on the result of a horse race or a dog race, you will win some money if the animal you bet on comes first, second, third, or sometimes fourth. In the last race I put £20 each way on two outsiders. Each way is also an adjective a $10,000 each way bet on Minnehoma at 33-1
If you say that something is a good each way bet, you mean that you think it is a good thing to support or invest in because it is unlikely to fail. Large overseas-based trusts are an excellent each way bet. a good each way investment. if you bet (=try to win money by guessing the winner of a race) money each way, you will win if the horse or dog you choose comes first, second, or third way
each-way
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