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New American Oxford Dictionary

each-way

each-way ▶adjective & adverb Brit. (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. • [ as adj. ] to come first, second, or third in a race, considered from a betting point of view: Travado has an each-way chance.

 

Oxford Dictionary

each-way

each-way ▶adjective & adverb Brit. (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. • [ as adj. ] to come first, second, or third in a race, considered from a betting point of view: Travado has an each-way chance.

 

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