Each Way Betting Rules
A horse race containing 4 runners or fewer will only allow win bets and there are no place bets available.
With a race having 5-7 horses running then you will be able to place an each way bet, but bookmakers will only be paying out on the first 2 horses.
Races that have 8-11 horses running will pay out on the first 3 to finish but at 1/5 of the odds of your horse. This rule is relevant to all races that are not handicaps and with any number of runners. In handicap races which have 12-15 horses in the race, pay outs will be at 1/4 of the odds for the place part of your bet.
If a handicap has 16 horses or more, which is quite often at festivals such as Royal Ascot and the Cheltenham Festival then the first 4 horses to finish will pay out at 1/4 of the odds. This is for handicap races and other race types will only pay out on the first 3. In recent years we have seen bookmaers begin to offer more preferable terms to punters and many races at big meetings can pay out as high as the first 6 horses to finish in big field races.