8.2
Each-Way Bet
- An each-way single consists of two bets on one selection, the first bet ‘to Win’ and the second bet on that selection ‘to be Placed’. The specific terms of the each-way bet will vary depending on the number of runners/players and, if the bet is an ante-post or sports bet, the ‘to be Placed’ odds available at the time the bet was made. The ‘to be Placed’ odds are comprised of 2 parts and are shown in the following manner: 1/4 1.2.3. In this instance the '1/4' represents the amount the 'Win' odds are multiplied by and the '1.2.3' shows the number of ‘Placed’ positions on which we pay out.
For example, a selection may have ‘Win’ odds of 10/1 (11.00) and the each-way terms of that event may be 1/4 1.2.3. If a bet of €1 each-way (total cost €2) is ’Placed’ on these terms, the settlement would be calculated as follows:
If the selection finished first (Won).
€1 Win at 10/1 (11.00) returns €11.00 (profit €10.00)
The price for a Place is calculated as 10 x 1/4 = 10/4 (3.50)
€1 Place at 10/4 (3.50) returns €3.50 (profit €2.50)
Total Payout €14.50
Total Profit €12.50.If the selection was Placed 2nd or 3rd
€1 Win at 10/1 (11.00) Loses
The price for a Place is calculated as 10 x 1/4 = 10/4 (3.50)
€1 Place at 10/4 (3.50) returns €3.50 (profit €2.50)
Total Payout €3.50
Total Profit €1.50. - The ‘to be Placed’ terms for Horse & Greyhound races are shown in the tables within Section 6.6, Each-Way Terms.