9.2. Each-Way Bet

1. 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 form 2 parts, and are shown in a manner such as 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 on that event are 1/4 1.2.3. If a bet of €1 each-way (total cost €2) is ’Placed’ 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)
   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
   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.

2. The ‘to be Placed’ terms for Horse & Greyhound races are shown in the tables within Section 7.6, Each-Way Terms.

Last Modified Date: 01/08/14