Referred to as shoulder. Two winners of the Epsom Derby in the 1960s, Sea Bird II (1965) and Royal Palace (1967), were priced at 7-4.
Your stake: £1 win
Horse wins: £1.75 profit
2/3 place: No pay-out
Your stake: £1 e/w (£2 bet)
Horse wins: £1.18 profit
2/3 place: £0.37 return (63p 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)
