Each Way Terms - 3 places at 1/5 odds

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Each Way Terms - 3 places at 1/5 odds

If the Each Way Terms are 3 places at 1/5, this is what happens:

My horse is a winner

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
(£10 for the horse to win, £10 for the horse to place)
Bet Type: each way bet
Odds: 7/4
Returns: £41.00
Calculation: WIN PART (£10Stake + 17.50 Win) + PLACE PART (£10Stake + 3.50Place)].

To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms (1/5) --> 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4.
£10 at 1.4/4 = £3.50.

 

My horse finished second

This means you will be paid only for the place part of your bet at 1/5 of your odds. If you placed your bet from 8am, 1st March, you will also receive the win part of your stake (half of your stake) back as a free bet within a few minutes.

Example:

Bet Stake: £20
(£10 for the horse to win, £10 for the horse to place)
Bet Type: each way bet
Odds: 7/4
Returns: £13.50
Calculation: PLACE PART (£10Stake + £3.50Place).

To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms (1/5) --> 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4.
£10 at 1.4/4 = £3.50.

 

My horse finished third

This means you will be paid only for the place part of your bet at 1/5 of your odds.

Example:

Bet Stake: £20
(£10 for the horse to win, £10 for the horse to place)
Bet Type: each way bet
Odds: 7/4
Returns: £13.50
Calculation: PLACE PART (£10Stake + £3.50Place).

To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms (1/5) --> 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4.
£10 at 1.4/4 = £3.50.

 

 

Each Way Terms with a Non Runner - 3 places at 1/5 odds

If the Each Way Terms are 3 places at 1/5, this is what happens:

My horse is a winner

Lovely! 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.
Please note that there is a non runner in the race so your your returns might be lower than expected if you have placed your bet AFTER FINAL DECLARATIONS (usually 24/48hrs before the race).

Example:

Bet Stake: £20
(£10 for the horse to win, £10 for the horse to place)
Bet Type: each way bet placed after final declarations
Odds: 7/4
Returns: £33.65 (If you have placed your bet before Final Declarations, you will receive the full returns £41.00)
Calculation: WIN PART (£10Stake + 17.50Win) + PLACE PART (£10Stake + 3.50Place). A 35% Deductions is then applied to your winnings (17.50+3.50) due to Rule 4 (total 21 - 35% = 13.65). The percentage of deduction depends on the odds. More Info

To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms (1/5) --> 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4.
£10 at 1.4/4 = £3.50.

 

My horse finished second

This means you will be paid only for the place part of your bet at 1/5 of your odds. If you placed your bet from 8am, 1st March, you will also receive the win part of your stake (half of your stake) back as a free bet within a few minutes.

Please note that there is a non runner in the race so your returns might be lower than expected.

Example:

Bet Stake: £20
(£10 for the horse to win, £10 for the horse to place)
Bet Type: each way bet placed after final declarations
Odds: 7/4
Returns: £12.28 (if you placed your bet before final declarations, you will receive £13.50)
Calculation: PLACE PART (£10Stake + 3.50Place). A 35% Deduction is then applied to your winnings (3.50 --> 2.28) due to Rule 4. The percentage of deduction depends on the odds. More Info.

To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms (1/5) --> 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4.
£10 at 1.4/4 = £3.50.

 

My horse finished third

This means you will be paid only for the place part of your bet at 1/5 of your odds.

Please note that there is a non runner in the race so your returns might be lower than expected.

Example:

Bet Stake: £20
(£10 for the horse to win, £10 for the horse to place)
Bet Type: each way bet placed after final declarations
Odds: 7/4
Returns: £12.28 (if you placed your bet before final declarations, you will receive £13.50)
Calculation: PLACE PART (£10Stake + 3.50Place). A 35% Deduction is then applied to your winnings (3.50 --> 2.28) due to Rule 4. The percentage of deduction depends on the odds. More Info.

To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms