HOW DOES IT WORK?
The wager consists of 2 components: the’Win’ and also the’Location’. Each part of the bet has to be an equal stake, e.g. a #5 each way bet will probably have #5 on the’Win’ and #5 on the’Position’ making a total of #10.
The’Win’ section of your wager is on your horse to finish first, and also the’Place’ part is in your own horse to finish either first or in one of those places, e.g. 2nd, 3rd, 4th (5th or even 6th with chosen bookmakers).
HOW DO I WIN?
If your horse comes home (wins), both the’Win’ and’Place’ parts of your wager will cover. But if your horse just places, you’ll lose the’Win’ section of your bet 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, was the race won by your horse , or was he just put? And what?
Let us assume your horse wins (1st) in 50/1 and you’ve backed him #10 every way. The #5’win’ part of your bet overlooks #250 (#5??50/1) and also the original #5’win’ stake is returned, giving you #255, you’ll also receive paid on the’place’ part of the wager too! Bookmakers will only pay out 1/4 of their odds that are quoted on’place’ part of the bet. The #5’place’ portion of your wager overlooks #67.50. Worked out like this — a quarter of 50/1 is 12.5/1, #firstname.lastname@example.org/1 = #62.50 and your initial #5 bet is returned, giving you #67.50. Add it to the #255’win’ portion and you’ve got #322.50 in winnings.
Now let’s assume your horse came third, bear in mind that it does not make any difference to the payout if your horse finishes 2nd, 3rd or 4th. As your horse did not win, you eliminate the’triumph’ part of the wager and #5. But you amass #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 original #5 bet is returned, giving you #67.50.
Read more here: http://murciaco.com/?p=40371