How do I calculate my winnings on a each way bet?

When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the horse to finish in the top four or five (varies according to by race). The winnings for the latter bet are calculated by applying the fraction (usually 1/4) to the original odds available.

What’s the return on an each way bet?

An each-way bet (or EW bet) effectively consists of two separate bets – for a selection to win, and for it to place. A return will be guaranteed if the horse wins the race or finishes in the ‘places’, usually the first three.

Do you get your stake back on a each way bet?

You fancy a particular horse to win the race and if they do, you win your bet! For example, a successful £2 win bet at odds of 4/1 will see you receive a payout of £8, plus you get your £2 stake back. Each-way: … However, you have won your place bet and you will also get this part of your stake back.

How do I calculate my horse winnings?

The amount paid out is normally calculated in the following way:

  1. Dividing your total stake by the number of horses included in the dead heat.
  2. Multiplying that figure by the odds at which the bet was placed.
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How does a each-way accumulator work?

Each-way accumulator bets come as two separate bets, meaning that the stake you are placing is then doubled. … The second part of the bet is the ‘to place’ part of the bet, which means you need the horses to come in the top places to win.

What is an each-way fixed bet?

An each-way bet consists of two bets of equal cost, a win bet on your selection to win an event and a place bet on it to finish within a certain number of places specified by the bookmaker beforehand.

What does each-way 1/5 mean?

This means you will be paid for your win part of your bet at the odds chosen when you placed the bet and for the place part of your bet at 1/5 of your odds. Example: Bet Stake:£20.

How many places does each-way pay?

Any race with less than five runners will be win only, whereby no bets can be placed on a horse each-way. If there are five, six or seven runners in a race, then there are two places available, meaning there is a payout if backed each-way on horses who finish first or second, at 1/4 of the odds.

How are Rule 4 deductions calculated?

Each price band has a corresponding deduction. Whichever band the odds fall into, the corresponding deduction will be made against the odds that have already been taken. The rule 4 deductions are calculated based on the odds at the time of withdrawal, not the odds at the time the bet is struck.

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What is Rule 4 in horse racing?

Rule 4 is a general rule of betting which relates to the reduction of winnings when a horse you have backed wins or is placed. They are made when a horse is withdrawn from a race because it becomes easier for the other runners to win. An amount of money is taken out of winnings to balance the effect of the non-runner.

How do you calculate an each way double?

As you are placing two bets in one, your stake will be doubled, so a £10 stake would double to £20 to cover both the win double and place double. The place double odds are 1/5 of the original odds. Here is an example of an each-way double bet if you bet £10 on two horses at 7/4 and 5/1.

How are accumulators calculated?

The returns are calculated in a progressive approach as the cumulative value grows with the addition of every single selection. For example, if a bettor goes for three selections in one accumulator bet (treble), then the first stake is multiplied by the odds of that first bet.

How does each way work?

An Each Way (EW, E/W) bet is essentially two separate bets: one for the horse to win, the other for the horse to place in any of the place positions offered in that race. … When placing an each way bet, you stake an amount on both the win and the place.