EACH-WAY BETTING TERMS

Working alongside the Racecourse Association (RCA), bookmakers have introduced standard each-way betting terms across Jockey Club Racecourses. Bookmakers will provide these terms, or better, when offering each-way betting.

Fewer than 3 runners: win bets only, no places offered

3 or 4 runners: all to win Where a bookmaker wishes to depart from this default position he may offer place terms for 3 or 4 runners, this must be at 1/5 odds a place 1-2

5 to 7 runners (inclusive): 1/4 (one quarter) odds for finishing 1st or 2nd

8 or more runners: 1/5 odds for finishing 1st, 2nd or 3rd

Handicap races with 12 to 15 runners (inclusive): 1/4 odds for finishing 1st, 2nd or 3rd

Handicap races with 16 to 21 runners (inclusive): 1/5 odds for finishing 1st, 2nd, 3rd or 4th

Handicap races with 22 or more runners: 1/4 odds for finishing 1st, 2nd, 3rd and 4th