My horse came second in 11 runner handicap at 4/1 £25.00 each way what are my winnings
Answer: An each way bet is treated as 2 bets. In your case you have £25 on to win and £25 on for a place. Total stake is £50.
The bookmaker will pay out the place part of the bet at 1/4 the odds for an 11 runner handicap. Thus 1/4 of 4/1 is 1. The gain is £25 plus the original stake £25 = £50
You have therefore neither won nor lost on the wager as the total stake of £50 is returned to you.
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