What does 1/5 each-way mean?

This means you will be paid for your win part of your bet at the odds chosen when you placed the bet and for the place part of your bet at 1/5 of your odds.

How many horses make a race for 4 places?

With eight, nine, ten, eleven, twelve, thirteen, fourteen and fifteen runners, three places are paid out. With sixteen or more runners, four places are paid out.

How do you work out each-way?

When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the horse to finish in the top four or five (varies according to by race). The winnings for the latter bet are calculated by applying the fraction (usually 1/4) to the original odds available.

How many horses can you have in 3 places?

8 or more starters in a race will pay 3 place dividends. If there are between 5 and 7 runners after final scratchings then there will be no third dividend on that race.

When should you bet each-way?

The longer the each-way price, the better it is for the bookmaker. The shorter the each-way price, the better it is for the punter. As fields get bigger, the place odds of one-quarter the win odds are more and more in favour of the bookmaker.

How many horses must run to get a place?

Any race with less than five runners will be win only, whereby no bets can be placed on a horse each-way. If there are five, six or seven runners in a race, then there are two places available, meaning there is a payout if backed each-way on horses who finish first or second, at 1/4 of the odds.

Is scotbet regulated in the UK?

The sports betting website complies with the regulatory duties, obligations and responsibilities as set out under the UK Gambling Act and is licensed and regulated by the Gambling Commission. Scotbet provides markets for over 15 sports including punters’ favourites Horse Racing and Football.

What happened to scotbet?

The Scotbet website was taken down following the latest management buy out of the business in 2019 . Previously the company had operated a white label site via Corbetts Bookmakers. For Scotbet shop customers looking to place an online bet, we recommend using an experienced and trusted bookmaker such as Bet365 or Betfred.

How good are scotbet odds?

Scotbet odds are mediocre across the board. From time to time you will be able to spot a value bet but more often than not you will find prices to be in line with the industry average. The Best Odds Guaranteed on all UK & Irish Racing after 10am is a good addition though.

What are the rules for first bets?

First bet must be on Sports. £40 in Free Bets credited within 48 hours of bet settlement. Max 30 Free Spins on Blue Wizard at £0.10 per spin. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required.