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How do i work out how much I've won on a £2.00 each way bet at 16-1 that came 3rd?

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How do i work out how much I've won on a £2.00 each way bet at 16-1 that came 3rd?

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  1. Hi, Congrats you,ve won £10.00 You get a quarter the odds which is 4/1 x 2 because you betted £2.00 plus you get £2.00 of you stake back.

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