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.
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