Quote:
Originally Posted by lauzjp
I bet on the National 25p each way on that one that came in 5th at 500-1 and got £63 back.  |
You must have bet with Paddy Power as most only pay out to 4th
and you got 1/2 odds. There again the Grand National is an oddity in the bookmakers and punters year.
Handicap races with a high number of runners generally pay out 1/4 odds to 4th place.
General races with sufficient runners will pay out 1/5 up to 4th place. The payout can increase to 1/4 with a large number of runners.
The days of different payouts according to place are long gone.
Payouts as the OP requested would be £501 for win. £251 for place with 1/2 odds payout. £126 with 1/4 odds payout and £101 with 1/5 odds payout. However you would also need to ensure you asked for odds at the time of placing the bet otherwise you will get starting odds.
There again you cannot have an outright winner each way bet. It should be one or the other.