How do you work out the amount you'll win on a horse racing bet?

Question

Whats this 'each way' thing all about?

Answer 1

For example:-

You bet  ÃƒÂ‚£10 on a horse that is 10/1. he wins.

You get 10 times your original stake winnings plus your original stake back.

Meaning you win £110.

Answer 2

the each way thing is- you are saying it will come into the winning frame 1st or placed.2nd, 3rd or 4th depends on the number of runners in race

Answer 3

If the horse is running at 9-1 and you put a pound on it and it wins then you will win 9 pounds plus your original one pound back

Answer 4

if its 2.1and you bet £10 you would get £20 plus your stake back

Answer 5

If the odds are say 9/1 you add 1 to the 9

9+1= 10

times 10 by your stake i.e. £5

10 x £5 = £50

thats your total return.......£45 profit plus your £5 stake back.

Doubles / Trebles in a similar way.

i.e 4/1 and 9/1...add 1 to both and times together

5 x 10= 50 and times by stake

50 x £5 = £250

Each-Way

The Grand National pays 1/4 place 1st, 2nd, 3rd or 4th

9/1 winner at £5 each way  (total stake £10....£5 on win and £5 on place)

As a winner you times by 1.25 and add 2 x stake

=11.25 + 2 x £5

=£66.25

if just placed i.e 2nd, 3rd or 4th

then you divide the odds by 4 add 1 and times the place stake

i.e. 9 divided by 4 add 1

= 3.25 x £5

=£16.25

If the race is a 1/5 odd for a place then as above using 1.2 instead of 1.25

Answer 6

£1 each way,cost £2, is £1 win and £1 place. Place is usually 1st 2nd and 3rd but often 4th and sometimes, by special concession where there is a large number of runners, 5th. Place odds are a fraction of the win odds, sometimes 1/5th and sometimes 1/4. In the Grand National you would get 1/4 odds for 1st 4 places. £1 each way on the winner would result in both the win bet and the place bet being successful so at 10-1 you would receive £10 with £1 win stake returned plus £2.50 with £1 place stake returned. If it were placed 2nd 3rd or 4th you would receive £3.50 in total.

Answer 7

I  will presume you are in the UK.

A £1.00 bet staked at 4/1 wins £4.00 plus your £1.00 stake, or £5.00 in total.

4 to 1 is the number of times your stake will be multiplied if the bet wins.

In an each way bet, you are backing two outcomes of a race. One outcome is your horse wins, the other is the horse gets a place. A £1.00 each way bet would cost two pounds. If the horse won at 4/1, the win part of the bet would be up and so would the place part. The places in a race will be either a Quarter of a fifth of the win odds. One quarter of 4/1 is 1/1, or Even money. In this case your total returns will be £7.00, if the horse had only managed a place you would have got £2.00 back.

As a rule of thumb you don't want to back anything less than 5/1 if your going to bet each way.

Answer 8

Look at the odds and see how much you bet. For example:

You put £1.00 on a horse to win and the odds are 4-1. You get £4.00 winnings plus your stake money back (£5.00 in total)