Re my question about a £5 each way bet on snowy morning, I should have said he came in 3rd in Grand National?

Question

Re my question about a £5 each way bet on snowy morning, I should have said he came in 3rd in Grand National?

Answer 1

Your horse came 3rd 16/1 so your total return will be £21.25p thats for a £5 Each way.

Answer 2

yeah

i think you will get around £15

Answer 3

He came 3rd at 16/1

The bookmakers will pay out each way bets at a 1/4 odds for the first four horses.

In this case

16 / 4 = 4 add 1(for your stake) and times by your place stake of £5

5 x £5 = £25 returns for your £10 bet