Each Way Meaning

(Britain, Australia, New Zealand, gambling) For either a win or a place in a competition.

Example: Used other than as an idiom: see each,‎ way.
1966, Justice of the peace and local government review reports:
  According to the Crown's case, in pursuance of this scheme, a slip was handed in by Humphreys on Saturday, Feb. 6, 1965, for a five shilling each way Yankee bet coupled with a twenty shilling each way bet on one of the horses.
1973, J. P. Jones, Gambling yesterday and today: a complete history, page 114:
  A win bet carries one unit stake, a place bet one unit and an each way bet two units — one for win and one for place.
2013, Lee Werrell, How To Develop Your Natural Charisma The Easy Way:
  This horse does not achieve the criteria you have laid down, whether it is a win or an each way bet.