HOW DOES IT WORK?
The wager is made up of two parts: the’Win’ and also the’Place’. Every part of the bet has to be an equivalent stake, e.g. a #5 each way bet will have #5 on the’Win’ and #5 to the’Place’ creating a total of #10.
The’Win’ section of your bet is on your own horse to finish first, and the’Place’ part is on your horse to finish first or in a few of the places, e.g. 2nd, 3rd, 4th (5th or 6th with selected bookmakers).
HOW DO I WIN?
If your horse comes home first (wins), the’Win’ and’Place’ parts of your bet will cover. However, if your horse only puts, you will shed the’Win’ part of your bet but you will still accumulate on the’Place’ 2nd, 3rd, 4th and 5th or 6th*.
HOW MUCH DO I GET?
The amount won depends upon number of factors. Most of all, was the race won by your horse , or was he simply placed? And what odds did you get?
Let us assume that your horse wins (1st) at 50/1 and you’ve endorsed him for #10 each way. The #5’win’ portion of your bet overlooks #250 (#5??50/1) and also the original #5’win’ stake is returned, providing you with #255, you will also receive paid on the’place’ part of this wager also! But, bookmakers will only pay out 1/4 of their chances on’place’ part of this bet. The #5’place’ part of your bet overlooks #67.50. Worked out 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, giving you #67.50. Add that to the #255’win’ part and you’ve got #322.50 in winnings.
Now let’s assume your horse came , bear in mind it doesn’t make any difference to the payout if your horse finishes 2nd, 3rd or 4th. As your horse did not win, you eliminate the’triumph’ portion of the bet and #5. But you collect #67.50 on the’place’ part of the bet. Worked out 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, giving you #67.50.
Read more here: None