Each-way
An each-way bet is two equal bets: one to win and one to place at a fraction of the odds. A winner pays both parts; one that only places pays the place part.
Example
5 each-way at 11.00 with 1/4 place terms costs 10. A win returns 72.50, and a place only returns 17.50.
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Related terms
Dead heatA dead heat is a tie for a winning or a placing position. The stake is divided by the number of runners tied, and that share is paid at the full odds.System bet (Yankee, Lucky 15)A system bet is every multiple of chosen sizes across your selections, placed together. A Yankee is the 11 doubles, trebles and fourfold of four selections.