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1. Determine the odds and the amount of the bet. For example, a person bets $10 on a horse to win, then places an each-way bet. The odds the horse wins is 16-1. 2. Multiply the bet
http://www.ehow.com/how_6834926_calculate-each_way...
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there has to be 16 or more runners and the race has to be a handicapp.
http://wiki.answers.com/Q/How_many_horses_does_the...
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The horse you pick doesn't have to win it can come 2nd or 3rd and you still get some winnings.
http://answers.yahoo.com/question/index?qid=201304...
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An each way bet has two parts - a 'win' part and a 'place' part. So if you bet $20 ($10 each way) you have a $10 bet on the horse winning, and a $10 bet on it placing. Win - Horse
http://answers.yahoo.com/question/index?qid=201211...
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