While the rules for an Each Way Multi Bet and bets made from Win or Place bets are the same, it is important to note slight changes in they way payouts are calculated based on the winning Odds.
For example:
Let’s say you have an Each Way Multi Bet with three legs: A, B, and C.
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Leg A
Result: Win
Stake: $20 ($10 for Win, $10 for Place.) Odds: Win=2.00, Place=1.50
If this Leg Wins, then you would calculate this Leg Payout as:
Win portion: $10.00 x 2.00 = $20.00
Place portion: $10.00 x 1.50 = $15.00
| Total payout for Leg A is $35.00 |
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Leg B
Result: Win
The payout of Leg A is the stake for Leg B, and is split across both the Win and Place stakes for the next leg ($35.00 / 2 = $17.50)
Stake: $17.50 per result, Odds: Win=3.00, Place=1.80
If this Leg Wins, then you would calculate this Leg Payout as:
Win portion of B: $17.50 x 3.00 = $52.50
Place portion of B: $17.50 x 1.50 = $31.50
| Total payout for Leg B = $84.00 |
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Leg C
Result: Place
The payout of Leg B is the stake for Leg C and is split across both the Win and Place stakes for the next leg ($84.00 / 2 = $42.00)
Stake: $42.00 per result, Odds: Win =11.60, Place=4.50]
This leg has Placed, so only the Place odds are used in the calculation for the final Payout.
Place portion : $42.00 x 4.50 = $189
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This process repeats until all legs are finished. Your final payout is that of your final leg - in this example that would be $189.00
It is important to remember that Multi Bets are worked out in the order legs finish, not the order they are placed in. For example, if the leg listed 2nd on your bet finishes first it will be worked out as the first leg in your bet.
Refer to Sportsbet's Terms & Conditions regarding Racing & Sports Multi Bets for more information.
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