HOW DOES IT WORK?

The bet consists of two components: the’Win’ and the’Location’. Every region of the bet has to be an equivalent bet, e.g. a #5 each way bet will have #5 on the’Win’ and #5 to the’Position’ creating a total of #10.
The’Win’ section of your wager is on your horse to finish first, and also the’Position’ part is in your horse to finish either first or in one of the areas, e.g. 2nd, 3rd, 4th (5th or even 6th with chosen bookmakers).
HOW DO I WIN?
If your horse comes home (wins), the’Win’ and’Place’ portions of your wager will cover. But if your horse just puts, you’ll lose the’Win’ section of your wager but you’ll still accumulate on the’Place’ 2nd, 3rd, 4th and 5th or 6th*.
HOW MUCH DO I GET?
The amount won depends upon number of variables. Most of all, was the race won by your horse , or was he simply placed? And what chances did you get?
Let’s assume that your horse wins (1st) in 50/1 and you’ve endorsed him #10 every way. The #5’win’ portion of your bet pays out #250 (#5??50/1) and also the #5’win’ bet is returned, giving you #255, you’ll also get paid out on the’place’ portion of this wager also! But, bookmakers will typically pay out 1/4 of their quoted chances on’place’ portion of the wager. The #5’place’ part of your wager overlooks #67.50. Worked out like this — a quarter of 50/1 is 12.5/1, #5@12.5/1 = #62.50 and your initial #5 stake is returned, providing you #67.50. Add that to the #255’win’ portion and you have #322.50 in winnings.
Now let’s assume that your horse came , bear in mind that it doesn’t make any difference to the payout if your horse finishes 2nd, 3rd or even 4th. As your horse did not win, you eliminate the’win’ portion of # 5 and the bet. However, you amass #67.50 on the’place’ portion of the wager. Worked out like this — a quarter of 50/1 is 12.5/1, #5@12.5/1 = #62.50 along with your initial #5 bet is returned, giving you #67.50.