betting question

[birdieman]

On the bookies website I use for an each way bet it reads-

" Each way @ 1/4 1-5 "

I'm an occassional gambler only so am not up to speed with how it works. What I want to know is does this mean I will collect if one of my players places 5th or is it just up to 4th place that will pay out?

 

[smange]

If your player finishes 2nd to 5th you will be paid out at 1/4 the odds, if he wins you will be paid out full price.

 

[MKDave]

If your player finishes 2nd to 5th you will be paid out at 1/4 the odds, if he wins you will be paid out full price.

Just to add to this, in golf their are obviously alot of ties. If for example 3 people are tied 3rd then only these 3 plus first and second will be paid for each way terms.

If you player is placed 5th in a tie with 4 people then you will receive a 1/4 of 1/5 of the odds for a place!

Basically just win the thing!!!

 

[gripitripit]

However if he is tied for that place you will get even less. That is why I did not do E/W this year. Just had a cheeky punt on Tiger to win.

 

[smange]

Just to add to this, in golf their are obviously alot of ties. If for example 3 people are tied 3rd then only these 3 plus first and second will be paid for each way terms.

If you player is placed 5th in a tie with 4 people then you will receive a 1/4 of 1/5 of the odds for a place!

Basically just win the thing!!!

Yep sorry should have mentioned the ties business as well

 

[Big_Rick78]

If your player finishes 2nd to 5th you will be paid out at 1/4 the odds, if he wins you will be paid out full price.

Plus 1/4 the odds for the win too I believe

 

[USER1999]

Plus 1/4 the odds for the win too I believe

Is it not 1/2 odds for the win?

 

[Big_Rick78]

Just checked on my Ladbrokes account and its 1/4 the odds with them, so I assume it will be the same for other bookies.

 

[elliottlale]

you get full odds on the win.
example. £1 e/w (£2 bet in total) on Luke Donald @ 16/1. £1 on the win @ 16/1 and £1 on him placing in the top 5 at 4/1 (1/4 of 16). So if he wins, you get £17 for him winning and £5 being in the top 5 (you get stake returned). if he is 2nd, 3rd, 4th or sole 5th, you get £5.