Place
Bookies also offer a Place Bet, where you bet that a horse won't win, but will come in either second or third place (sometimes down to fourth place if the number of starters is large enough).
The payout for a Place bet is either one quarter (1/4) or one fifth (1/5) of the odds depending on the number of horses in the race (see table below)
So, if you bet on horse A to come home placed (ie 2nd, 3rd or 4th) at odds of 20-1, you will win 5 times your stake (20/4).
Each-way
A favourite bet with punters is an Each-way Bet. This is a combination of a Win and a Place. The stakes are doubled as you're placing two bets, but if your horse wins, you win on both bets.
So, if you bet £10 each-way (ie total stake of £20) on horse B at odds of 8-1, your payout will be:
£90 for the win (8 x 10 + 10) and
£30 for the place ((8 x 1/4) x 10 + 10) = total payout of £120.
If your horse finishes 2nd, 3rd or sometimes 4th, your win bet loses, but your place bet still comes up, so your return would be £30 (as above).
This is why the Each-way bet is popular - it pays well if you win, but gives you a second chance if you don't.
Payout table
The odds and payouts for each-way bets are given in this table:
Bookies also offer a Place Bet, where you bet that a horse won't win, but will come in either second or third place (sometimes down to fourth place if the number of starters is large enough).
The payout for a Place bet is either one quarter (1/4) or one fifth (1/5) of the odds depending on the number of horses in the race (see table below)
So, if you bet on horse A to come home placed (ie 2nd, 3rd or 4th) at odds of 20-1, you will win 5 times your stake (20/4).
Each-way
A favourite bet with punters is an Each-way Bet. This is a combination of a Win and a Place. The stakes are doubled as you're placing two bets, but if your horse wins, you win on both bets.
So, if you bet £10 each-way (ie total stake of £20) on horse B at odds of 8-1, your payout will be:
£90 for the win (8 x 10 + 10) and
£30 for the place ((8 x 1/4) x 10 + 10) = total payout of £120.
If your horse finishes 2nd, 3rd or sometimes 4th, your win bet loses, but your place bet still comes up, so your return would be £30 (as above).
This is why the Each-way bet is popular - it pays well if you win, but gives you a second chance if you don't.
Payout table
The odds and payouts for each-way bets are given in this table:
Different types of sports bet
Multiple bets
A double is a bet on two things happening. Both have to win.
eg you place a £10 double on two horses, X at 4-1 and Y at 7-2. If horse X wins, your payout is £50 (4 x 10 + 10) which is then bet on horse Y. If that wins, the payout would be £225 (7 / 2 * 50 + 50).
A treble is like a double but with three bets. Again, all three must win, but the payout is much higher.
eg a winning £10 treble on three horses at 2-1, 9-2 and 7-4 would pay over £450.
A fourfold is like the above two but with four bets.
A patent is a bet where you choose three horses and place 7 bets - three single bets, 3 doubles and 1 treble. For example a bet on horse X at 2-1, horse Y at 3-1 and horse Z at 4-1 gives the following bets:
3 single bets on horse X,Y and Z.
3 doubles on: horses X and Y, horses X and Z, horses Y and Z.
1 treble on: horses X, Y and Z
The advantage of this type of accumulator bet is that you have separate bets so if 1 horse fails to win, you can still win on 4 other bets.
A lucky 15 is like a patent, but with four horses. The bets are therefore:
4 single bets (ABCD), 6 doubles (AB, AC, AD, BC, BD, CD),
4 trebles (ABC, ABD, ACD, BCD) and 1 fourfold (ABCD)
A Yankee is like a lucky 15, but without the 4 single bets.
A double is a bet on two things happening. Both have to win.
eg you place a £10 double on two horses, X at 4-1 and Y at 7-2. If horse X wins, your payout is £50 (4 x 10 + 10) which is then bet on horse Y. If that wins, the payout would be £225 (7 / 2 * 50 + 50).
A treble is like a double but with three bets. Again, all three must win, but the payout is much higher.
eg a winning £10 treble on three horses at 2-1, 9-2 and 7-4 would pay over £450.
A fourfold is like the above two but with four bets.
A patent is a bet where you choose three horses and place 7 bets - three single bets, 3 doubles and 1 treble. For example a bet on horse X at 2-1, horse Y at 3-1 and horse Z at 4-1 gives the following bets:
3 single bets on horse X,Y and Z.
3 doubles on: horses X and Y, horses X and Z, horses Y and Z.
1 treble on: horses X, Y and Z
The advantage of this type of accumulator bet is that you have separate bets so if 1 horse fails to win, you can still win on 4 other bets.
A lucky 15 is like a patent, but with four horses. The bets are therefore:
4 single bets (ABCD), 6 doubles (AB, AC, AD, BC, BD, CD),
4 trebles (ABC, ABD, ACD, BCD) and 1 fourfold (ABCD)
A Yankee is like a lucky 15, but without the 4 single bets.
|
Each-way bet payout table
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|||
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Race type
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Runners
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Places
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Fraction
|
|
All races
|
2, 3 or 4
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Win only
|
n/a
|
|
All races
|
5, 6 or 7
|
1st & 2nd
|
1/4
|
|
All races
|
8, 9, 10 or 11
|
1st, 2nd & 3rd
|
1/5
|
|
Non-handicaps
|
12 or more
|
1st, 2nd & 3rd
|
1/5
|
|
Handicaps
|
12, 13, 14 or 15
|
1st, 2nd & 3rd
|
1/4
|
|
Handicaps
|
16 or more
|
1st, 2nd, 3rd & 4th
|
1/4
|
BASICS
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