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)
