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Each Way Bets Explained


The bet consists of two parts: the’Win’ and the’Location’. Every region of the bet must be an equal stake, 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’ section of your bet is on your horse to complete, and the’Position’ part is on your own horse to finish first or in a few of those places, e.g. 2nd, 3rd, 4th (5th or 6th with selected bookmakers).
If your horse comes home (wins), the’Win’ and’Place’ portions of your wager will pay out. However, if your horse only places, you will shed the’Win’ section of your bet but you will still collect on the’Place’ 2nd, 3rd, 4th and 5th or 6th*.
The amount won depends upon number of factors. Most importantly, was the race won by your horse , or was he simply put? And what?
Let us assume that your horse wins (1st) in 50/1 and you’ve backed him #10 each way. The #5’win’ part of your bet overlooks #250 (#5??50/1) plus the original #5’win’ bet is returned, giving you #255, you will also receive paid on the’place’ portion of this bet also! But, bookmakers will generally just pay out 1/4 of their quoted chances on’location’ portion of this wager. The #5’place’ portion of your wager pays out #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 stake is returned, providing you #67.50. Add that to the #255’win’ part and you’ve got #322.50 in winnings.
Now let’s assume that your horse came , keep in mind that it doesn’t make any difference to the payout if your horse finishes 2nd, 3rd or 4th. As your horse didn’t win, you lose the’triumph’ portion of the wager and #5. But you collect #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 along with your initial #5 bet is returned, giving you #67.50.

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