Horse Racing?

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.

jem
22:52 Tue 10th Apr 2012
 
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hardyboy
Best Answer
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....
23:02 Tue 10th Apr 2012 Go To Best Answer

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Question Author
Zhukov, Whoops! too late.

My H said to me "only put it on if you can afford to lose it"
(then gave me a tenner to put on it too)

jem
chi-chi lone voice in the wilderness - totally agree with you ....
What it means is that you are contributing to the misuse and cruelty of horses misnamed "sport"
Oh ye nay sayers - as long as you can afford it, why not? Of course its a bookies beniefit but some win.

Jem you should of waited if your horse is cut from the draw or withdrawn you lose your money.
Another voice in the wilderness - well said woofgang !

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