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Honest Frank explains Honest Frank explains
Also known as straight up. Can prompt the cry, "Levels, you devils." Price is unheard of in a races with lots of runners like Grand National where the favourite is usually no less than 7-1. Bookies rate equally chances of horse winning or losing.

Your stake: 1 win
Horse wins: 1 profit
2/3 place: No pay-out

Your stake: 1 e/w (2 bet)
Horse wins: 1.25 profit
2/3 place: 1.25 return (75p loss)

(Based on a handicap with more than 16 runners, such as the Grand National. Each-way payouts can vary depending on the size of field and type of race)

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