HOW DOES IT WORK?
The wager consists of 2 components: the’Win’ and the’Location’. Each region of the bet has to be an equivalent stake, e.g. a #5 each way bet will probably have #5 to 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’Place’ part is in your horse to finish either first or in one of the areas, 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’ portions of your bet will pay out. But if your horse just places, you will shed the’Win’ part of your bet but you will still collect on the’Place’ 2nd, 3rd, 4th and 5th or 6th*.
HOW MUCH DO I GET?
The amount won depends on number of factors. Most importantly, did your horse win the raceor was he simply put? And what?
Let’s assume that your horse wins (1st) at 50/1 and you have backed him for #10 each way. The #5’win’ portion of your bet pays out #250 (#5??50/1) and also the #5’win’ bet is returned, providing you with #255, you’ll also get paid out on the’place’ part of the wager too! However, bookmakers will generally just pay 1/4 of the chances that are quoted out on’location’ portion of this wager. The #5’place’ part of your wager pays out #67.50. Worked out just like this — a quarter of 50/1 is 12.5/1, #firstname.lastname@example.org/1 = #62.50 along with your initial #5 bet is returned, providing you #67.50. Add that to the #255’win’ portion and you have #322.50 in winnings.
Now let us assume your horse came , keep in mind it does not make any difference to the payout if your horse finishes 2nd, 3rd or even 4th. As your horse did not win, you lose the’triumph’ part of the bet and #5. However, you amass #67.50 on the’place’ part of the bet. Worked out like this — a quarter of 50/1 is 12.5/1, #email@example.com/1 = #62.50 along with your initial #5 stake is returned, giving you #67.50.
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