When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the horse to finish in the top four or five (varies according to by race). The winnings for the latter bet are calculated by applying the fraction (usually 1/4) to the original odds available.
- The first bet is on the horse to win – If the horse wins the race, this wager is won.
- The second bet is on the horse to place – If the horse finishes in the top three (position may vary), you have won the bet.
If you would like to learn more about betting on Horse racing visit our How to bet guide.