An Each Way (E/W) bet is basically two bets - one bet is for the horse to win, the other is for the horse to place.
Because it is two bets, you have to double your stake. You will receive a return on your bet if your selection wins but also if it places. The place part of the bet will always be a fraction of the odds you have taken, usually 1/4 or 1/5
For Example - You place a £5 E/W bet on Think Champagne in the 18:00 at Wolverhampton at odds of 5/1. This will cost you £10. £5 on Think Champagne to win and £5 on Think Champagne to place. For this example we are paying 3 places on this race at 1/5 of the odds.
If this horse wins you get returns for it winning and for it placing. £5 x 5/1 = £30 and £5 x 1/1 (One fifth of 5/1) = £10. Total received = £40
If the horse finished 2nd or 3rd you will only get returns for the place part of your bet. £5 x 1/1 = £10. Your win bet is a loser.
The amount of places being offered for each race depends on the amount of horses running in the race. You can see how many places are being offered at the top of the page or in your betslip after adding selection.