More Tutorials for UK Horse betting

EACH WAY RULES IN UK HORSE RACING

Each way rules consist of an each way wager which is a wager of twice the selected unit stake. It contains one wager of unit stake on the selection to WIN and one wager of unit stake on the selection to be PLACED according to the terms advertised for the event. In generally, for UK horse racing the PLACE part of Each Way wagers will be settled as per the following PLACE terms:

Handicaps 16 or more runners one quarter of the odds first four Places

Handicaps 12, 15 runners one quarter of the odds first three Places

All other races of 8 or more runners one fifth of the odds first three Places

Races of 5, 6, or 7 runners one quarter of the odds first two Places

Less than 5 runners the Place money is invested to Win

As you can see, in races with less than 5 runners, there’s no “Place” wagering and so no horse betting each way allowed.

Handicaps bets are unique and are treated differently as, theoretically, every pony has an equal chance of winning the race and therefore betting that a pony will finish in the top positions is considered a difficult task (the punter may slip up on one or two ponies but possibly not the entire fields) and so the betting providers allow one additional place in handicaps of 16, or more runners and they usually offer 1/4 of the odds as opposed to 1/5 of the odds.