- 26 Jul '09 16:31It 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. - 26 Jul '09 20:33That'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 - 26 Jul '09 20:39

And why exactly is this on Chess only? Shouldn't that be in the General Forum?*Originally posted by greenpawn34***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