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British Dictionary definitions for each way

each way

adjective, adverb
  1. horse racing, mainly British (of a bet) made on the same runner or contestant to win or come second or third in a raceAlso: both ways US term: across-the-board
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012