Each Way Bets Explained
HOW DOES IT WORK?
The bet consists of two parts: the’Win’ and the’Location’. Every region of the bet has to be an equal bet, e.g. a #5 each way bet will have #5 on the’Win’ and #5 on the’Position’ creating a total of #10.
The’Win’ part of your wager is on your horse to finish first, and the’Place’ part is in your horse to finish first or in a few of the areas, e.g. 2nd, 3rd, 4th (5th or even 6th with chosen bookmakers).
HOW DO I WIN?
If your horse comes home first (wins), the’Win’ and’Place’ parts of your bet will cover. But if your horse just puts, you’ll shed the’Win’ part of your wager but you will still accumulate on the’Place’ 2nd, 3rd, 4th and 5th or 6th*.
HOW MUCH DO I GET?
The amount won depends upon number of variables. Most importantly, did your horse win the raceor was he just put? And what chances did you get?
Let’s assume your horse wins (1st) in 50/1 and you have backed him #10 every way. The #5’win’ part of your wager pays out #250 (#5??50/1) and also the original #5’win’ bet is returned, providing you with #255, you will also get paid out on the’place’ part of this wager also! Bookmakers will only pay 1/4 of the quoted chances out on’location’ part of this bet. The #5’place’ portion of your bet overlooks #67.50. Worked out just like this — a quarter of 50/1 is 12.5/1, #firstname.lastname@example.org/1 = #62.50 and your initial #5 stake is returned, giving you #67.50. Add it to the #255’win’ portion and you’ve got #322.50 in winnings.
Now let us assume that your horse came third, keep in mind that it doesn’t make any difference to the payout if your horse finishes 2nd, 3rd or even 4th. As your horse did not win, you eliminate the’win’ portion of # 5 and the bet. But you collect #67.50 about the’place’ portion of the bet. Worked out just like this — a quarter of 50/1 is 12.5/1, #email@example.com/1 = #62.50 along with your initial #5 bet is returned, giving you #67.50.