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Catalano

Multi 'each-way'

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Can anyone enlighten me on what happens if I have, say, a four horse multi and select the 'each-way' button?

The info tab said that my horse odds become a combination of the win and place odds, so does that mean that if my multi finishes 1,3,1,2 and I've selected all four to collect, that I get the payout at the combined win/place odds?

If that's correct, why would anyone take a place multi?

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If its a two horse multi and you choose each way you get 4 bets:

Win/Win
Win/Place
Place/Win
Place/Place

and the system calculates your return according to the FF win and place dividends.

If its a three horse multi you get 8 bets, etc 

 

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6 hours ago, Catalano said:

Can anyone enlighten me on what happens if I have, say, a four horse multi and select the 'each-way' button?

The info tab said that my horse odds become a combination of the win and place odds, so does that mean that if my multi finishes 1,3,1,2 and I've selected all four to collect, that I get the payout at the combined win/place odds?

If that's correct, why would anyone take a place multi?

Four horse multi each way gives you 16 bets.  If your horses finish 1st, 3rd, 1st and 2nd then only four of those 16 multis would come in.

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Got it - I was a bit hard of thinking yesterday.

I mis-understood this from the TAB website (on the multi betslip):

"Each Way - A each way bet combines a win and a place bet together at the same stake"

I read that to be that your bet was placed at the combined odds of the horse i.e. if it was paying $12 & $3 - your price was $7.50 and you would stay live if beaten into 2nd or 3rd - A completely convoluted and unnecessarily complex way of thinking about it.

Anyway, what they're offering isn't really an each-way multi - more a win multi plus a place multi.

A true each-way multi would split your stake and bet each-way on each leg - so if you had a $10 multi and your first horse won at $5/$2, you would have $17.50 each-way going on your next selection. If that was second at $3, you would have $26.25 each way on your third selection and so on.

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8 hours ago, Catalano said:

A true each-way multi would split your stake and bet each-way on each leg - so if you had a $10 multi and your first horse won at $5/$2, you would have $17.50 each-way going on your next selection. If that was second at $3, you would have $26.25 each way on your third selection and so on.

Yep that is exactly what they do.

It's not a win multi plus a place multi.

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