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Each Way Bets Explained


The bet is made up of 2 parts: the’Win’ and also the’Location’. Every part of the bet must be an equivalent stake, e.g. a #5 each way bet will have #5 on the’Win’ and #5 to the’Position’ creating a total of #10.
The’Win’ part of your wager is on your own horse to complete, and the’Position’ part is in your horse to finish either first or in one of those areas, e.g. 2nd, 3rd, 4th (5th or even 6th with chosen bookmakers).
If your horse comes home first (wins), the’Win’ and’Place’ portions of your bet will cover. However, if your horse only puts, you’ll shed the’Win’ section of your bet but you will still accumulate on the’Place’ 2nd, 3rd, 4th and 5th or 6th*.
The sum won depends on number of factors. Most importantly, did your horse win the raceor was he just placed? And what chances did you get?
Let’s assume that your horse wins (1st) at 50/1 and you have backed him for #10 every way. The #5’win’ part of your wager pays out #250 (#5??50/1) and also the original #5’win’ stake is returned, providing you with #255, you will also receive paid out on the’place’ portion of this wager too! But, bookmakers will typically pay 1/4 of their quoted chances out on’place’ part of this bet. The #5’place’ portion of your wager overlooks #67.50. Worked out just like this — a quarter of 50/1 is 12.5/1, #5@12.5/1 = #62.50 along with your original #5 bet is returned, providing you #67.50. Add it to the #255’win’ part and you’ve got #322.50 in winnings.
Now let us assume your horse came , bear in mind it does not make any difference to the payout when your horse finishes 2nd, 3rd or 4th. As your horse didn’t win, you eliminate the’triumph’ portion of the bet and #5. However, you amass #67.50 about the’place’ part of the wager. Worked out just like this — a quarter of 50/1 is 12.5/1, #5@12.5/1 = #62.50 and your initial #5 bet is returned, giving you #67.50.

Read more here: http://murciaco.com/?p=40371