each way adjective 1adverb 1 adjective1 •(UK, Australia) For either a win or a place in a competition.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. — 1973 adverb1 •(UK, Australia) For either a win or a place in a competition.At first the shilling each way I put on horses was not my own but the concession allowed me by the street bookmaker for the other bankers' bets I brought him. — 1946
