EW Betting Explained in Simple Terms - What does £5 EW mean ? This is two bets of £5. Bet 1 equates to betting £5 on the outright winner. Bet 2 equates to betting £5 on being placed which is usually finishing 2, 3 or 4. If bet 1 is successuful the bet is treated as a normal win bet. If bet 2 is successful the odds are usually divided by 4 and any payout is calculated using this divisor. Clearly if Bet 1 is successful then Bet 2 is also successful and your payout includes both Bet 1 and Bet 2. In the example below our bet has odds of 9 and the horse concerned finished 1st.
The calculations are :
Bet 1 Stake * Odds - Stake = Profit 5 * (9-1) = 40
Bet 2 Stake * (Odds/4) - Stake = Profit 5 * ((9-1)/4) - 5 = 10
Bet 1 Profit + Bet 2 Profit = Total Profit Bet 1 Profit + Bet 2 Profit = 50
The example bet has now been changed below so that the horse was placed 2nd. This means that Bet 1 lost but Bet 2 still won.
The Calculations are : Stake * (Odds/4) - Stake = Profit Profit - Bet 1 Stake = Total Profit 10 - 5 = 5
The example below shows how a run of real bets look in TSM.