What Does 5 to 1 Odds Mean
Each Way Terms - 3 places at 1/5 odds
If the Each Way Terms are 3 places at 1/5, this is what happens:
Each Way Terms with a Non Runner - 3 places at 1/5 odds
If the Each Way Terms are 3 places at 1/5, this is what happens:
Lovely! This means you will be paid for your win part of your bet at the odds chosen when you placed the bet and for the place part of your bet at 1/5 of your odds.
Please note that there is a in the race so your your returns might be lower than expected if you have placed your bet AFTER FINAL DECLARATIONS (usually 24/48hrs before the race). : Bet Stake:(£10 for the horse to win, £10 for the horse to place) Bet Type: placed after final declarations Odds: Returns: (If you have placed your bet before Final Declarations, you will receive the full returns £41.00) Calculation: (£10Stake + 17.50Win) (£10Stake + 3.50Place). A is then applied to your winnings (17.50+3.50) due to Rule 4 (total 21 - 35% = 13.65). The percentage of deduction depends on the odds. More Info To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms (1/5) --> 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4.
£10 at 1.4/4 = £3.50.
This means you will be paid only for the place part of your bet at 1/5 of your odds. If you placed your bet from 8am, 1st March, you will also receive the win part of your stake (half of your stake) back as a free bet within a few minutes. Please note that there is a non runner in the race so your returns might be lower than expected. : Bet Stake:(£10 for the horse to win, £10 for the horse to place) Bet Type: placed after final declarations Odds: Returns: (if you placed your bet before final declarations, you will receive £13.50) Calculation: (£10Stake + 3.50Place). A is then applied to your winnings (3.50 --> 2.28) due to Rule 4. The percentage of deduction depends on the odds. More Info. To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms (1/5) --> 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4.
£10 at 1.4/4 = £3.50.
This means you will be paid only for the place part of your bet at 1/5 of your odds. Please note that there is a non runner in the race so your returns might be lower than expected. : Bet Stake:(£10 for the horse to win, £10 for the horse to place) Bet Type: placed after final declarations Odds: Returns: (if you placed your bet before final declarations, you will receive £13.50) Calculation: (£10Stake + 3.50Place). A is then applied to your winnings (3.50 --> 2.28) due to Rule 4. The percentage of deduction depends on the odds. More Info. To calculate the place part you just need to divide the odds - in this example 7/4 - by the Each Way Terms (1/5) --> 7 divided by 5 = 1.4 so the odds will change from 7/4 to 1.4/4.
£10 at 1.4/4 = £3.50.
Source: https://support.betfair.com/app/answers/detail/a_id/6556/
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