Do bookies pay out for 5th place?
Just note that with any horse race, if it is a handicapped race and there are more than 16 runners, the bookie must pay out 1/4 of the odds. However, if they extend that to 5th or even 6th place, the payout is reduced to 1/5 of the odds quoted.
How many places did William Hill pay in the Grand National?
New William Hill customers can claim a free bet for Sunday if they bet on Saturday and also get six places on the Grand National here.8 Apr 2022
How many places do the bookies pay out on?
In horse races where there are five, six, or seven runners, bookmakers will normally pay each-way on two places at ¼ odds.
How much does a each-way bet pay?
If you place a bet which is EW (1/5, 3 places) and your horse finishes in the top 3, you’ll win your bet. The place portion of your bet will pay out at 1/5 of the odds that you took that horse for. Should the horse come first you’ll receive the pay out on both the Win and Place portions of your bet.
How are each-way bet winnings calculated?
Each Way Betting In Summary 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.
What does each-way cover?
An Each Way (EW, E/W) bet is essentially two separate bets: one for the horse to win, the other for the horse to place in any of the place positions offered in that race. This means you can receive a return on your bet if your selection wins, but also if it just places.
How many places does each-way pay?
The standard each-way betting terms for a horse race with 16 or more runners are still three places at 1/5 odds. But if the race is a handicap with 16 runners or more, the standard each-way terms are four places at ¼ odds.