It is horse racing.
The name of the horse was kings gambit
The race took place at york racecourse and started at 3:10 pm
The odds of it winning were 25/1 - hence by putting 50p on each way it could come first, second or third and a prize would be won - and the prize for the horse coming third was £3 (or maybe £4 but he knocked off the stake money and only posted the net profit)
Hope that enlightens you.
That's it.
50p e/way is astke of £1.00, it means
1 bet a 50p to win bet. If it had I would have won £12.50.
1 bet at 50p to come 2nd or 3rd. Which is a 5th of the odds.
so 25/2 became 5-1 and 5* 50p is £2.50 + stake = £3.00.
To work out something like 13/8
you multiply the first part of the odds by the stake.
then divide that total by the 2nd part of of the odds and then add the stake.
So a £1 win at 13/8 brings back £2.65
13 * 1 = 1 then /8 = 1.62 + 1 = 2.62
Originally posted by greenpawn34And why exactly is this on Chess only? Shouldn't that be in the General Forum?
That's it.
50p e/way is astke of £1.00, it means
1 bet a 50p to win bet. If it had I would have won £12.50.
1 bet at 50p to come 2nd or 3rd. Which is a 5th of the odds.
so 25/2 became 5-1 and 5* 50p is £2.50 + stake = £3.00.
To work out something like 13/8
you multiply the first part of the odds by the stake.
then divide that total by ...[text shortened]... add the stake.
So a £1 win at 13/8 brings back £2.65
13 * 1 = 1 then /8 = 1.62 + 1 = 2.62