Each-Way bet: Your stake is split in two — half goes on the horse to win, and half to place (based on BetJets place terms, e.g. 1/4 odds for 1st, 2nd or 3rd).
Place bet: Your horse only needs to finish in the advertised place positions (e.g. Top 2 or Top 3).
Each-Way and Place bets are settled using different markets.
BetJets Customer Support