One of the most well-known of the tic-tac signs, known as top of the head.
Your stake: £1 win
Horse wins: £2.25 profit
2/3 place: No pay-out
Your stake: £1 e/w (£2 bet)
Horse wins: £1.81 profit
2/3 place: £1.37 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)