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How much in winnings will I get back for my Grand National each-way bet?
I placed £1 each way on Philson Run which came in fourth so I have definately won something this year!
I don't really understand how the bet pays out. It had odds of 100/1, but I think you only get a quarter of the odds for an each way place (25/1), so does that mean I'll get £26 back, or is my maths hopelessly to pot? Any professional gamblers out there who can tell me how much I'll get back on my relatively modest stake?
