2007-04-16 05:03:55 · 3 answers · asked by anthony b 1 in Business & Finance ➔ Taxes ➔ United Kingdom
You would have more answers in a different forum.
However, your each way bet is actually two bets - a win bet and a place bet. 50p each way would have cost you £1.
The win part will pay you 33 times 50p = 16.50 plus the return of your stake making £17.
The place part depends on the number of runners in the race. Odds are usually 1/4th or 1/5th of the corresponding win bet.
If they were 1/4th then the winnings would be 16.50 / 4 = 4.12 plus your stake giving £4.62.
If 1/5th it would be 16.50 / 5 = 3.30 plus 50p giving £3.80.
So your total return would be either £21.62 or £20.80.
2007-04-16 20:13:02 · answer #1 · answered by tringyokel 6 · 0⤊ 0⤋
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2016-06-09 05:59:31 · answer #2 · answered by ? 3 · 0⤊ 0⤋
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2017-02-14 23:11:23 · answer #3 · answered by rodriquez 4 · 0⤊ 0⤋