An each way bet is made up of 2 parts: the ‘Win’ and the ‘Place’.
Selecting ‘Each Way’ or ‘E/W’ doubles the stake placed on the bet because it has 2 parts.
The ‘Win’ part of your bet is on your selection to win the event, and the ‘Place’ part is on your selection to finish either first or in another of the specified place positions, e.g. 2nd, 3rd, 4th. The number of place positions varies depending on the event and number of entrants.