What is rule 4 in horse racing , also explain what an each way bet means?

Question

What is rule 4 in horse racing , also explain what an each way bet means?

Answer 1

You win if it come 1st 2nd or 3rd but I think you only win 1/4 of the odds

Answer 2

Rule 4 is a cardinal rule that means the bookies are always the winners. An each way bets is one that  you lose anyway.--------------

Answer 3

I believe rule 4 is the 'If a horse has come under starters orders it is deemed to have run its race, even if it doesn't actually run.......distant memory so I may be corrected.

An each way bet is a bet for a win or a place....ie if you bet for a win only might pay 50p but each way will cost £1 and if your horse gets a place in the first two, three or four (depends on the number of runners) you get back a quarter of the odds.

Not worth doing each way unless your horse is 4/1 odds or over.

Best wishes, Mike.

Answer 4

Rule 4 applies to races run when a horse is withdrawn not under starters orders. Bookmakers are entitled to reduce winnings paid to redress the amount paid back to people who bet the withdrawn horse.

Each way rules differ between bookmakers, check whats on offer to ensure best value.

Answer 5

Rule four refers to Rule four in the rules of racing. What it means is that if a horse is withdrawn from a race WITHOUT coming under starters orders then as you have your money returned on that horse if you backed it, then the bookmakers are allowed to make a rule four deduction from any winnings in order to "balance their books". Deductions are on a sliding scale on animals that were quoted at less than 16-1 when withdrawn.

Each way refers to backing a horse(or mare/filly) not only to win, but also to be placed, so forgetting the win element, you will get a return if your horse is 1st or 2nd in a 6  or 7runner race. 1st or 2nd or 3rd in an 8+ runner race. If the race is a Handicap with 16 or more runners you also get paid on the fourth placed horse. Some specialist firms like Paddy Power sometimes give 5th place in these races.

Answer 6

Rule 4, also known as the Tattersalls Rule 4(c), this rule covers deductions from winning bets if a horse is withdrawn after the betting has been set up but before the horses go under starter's orders. If a runner is withdrawn before starting orders stakes on that horse will be refunded but bets on the other horses will be subject to a deduction. This is dependent on the Non-Runner's price at the time it was withdrawn.

Each way bets.

If you back a horse each way, then it doesn't need to win for you to collect money. Depending on the number of runners in the race and the type of race (i.e. a handicap) then the horse may come second, third or fourth for you to collect. If the horse wins you basically win twice. You pick up your money for the win, plus you money for the place. An each way bet is two bets put together a win bet and a place bet. A race must have five runners or more for you to be able to make an each way bet.