When you place an Each-Way bet (by ticking the e/w checkbox), your stake is doubled, with half allocated to the outright win, and the other half allocated to your selection finishing within the place terms.
Each race/event has specified place terms depending on the number of entrants, eg. ¼ 1-2-3. In this example, an Each-Way bet placed on a selection that finishes 1st will pay in two ways: you will win the outright portion of the bet, but you will also win the place portion at ¼ the outright odds as it finished in the top 3.
Example: You place a R10 Each-Way bet on a 12/1 shot in a race with E/W terms ¼ 1-2-3 If your selection finishes 1st: You win R120 plus your stake for the outright win You also win R30 (quarter the outright odds: 3/1) plus your stake for placing (ie. finishing in the top 3) If your selection finishes 2nd or 3rd: The outright portion of the bet will lose You win R30 plus your stake for placing If your selection finishes outside the place terms for the race, both bets lose
BetJets Customer Support