I know very little about horse racing but with the Grand National coming up I've been given a tip but don't know how to put a bet on.
What does it mean when you put it on 'each way'? I know what it means if I put it on the nose.
If I want to put on £10 each way how much will that be?
They tell me my horse is 14 to one at the mo.
Each way means you are backing £10 to win and £10 pounds if the horse gets placed (in the National this means 1st 2nd 3rd and 4th minimum - sometimes 5th as well). It will cost you £20. At 14 to 1 you will get £140 if it wins plus about £35 for the place. This means altogether £175 if it wins plus £20 stake back, and £35 plus £10 stake back if it is 2nd 3 rd or 4th....