The Grand National is a National Hunt horse race that takes place annually at Aintree Racecourse in Liverpool, England. It is one of the most popular and iconic horse races in the world and is watched by millions of people around the world. The race is run over a distance of 4 miles 514 yards (about 7 km) and features a series of obstacles, known as National Fences. The race has been held since 1839 and is the most valuable jump race in Europe, with a prize fund of over £1 million.
How Many Places is Each-Way in Grand National?
The number of places paid each-way in the Grand National is dependent on the number of runners taking part in the race. The minimum number of runners is 24, with the maximum number being 40. If there are 24 runners or less, then 4 places are paid each-way. If there are 25 to 39 runners, then 5 places are paid each-way. If there are 40 runners or more, then 6 places are paid each-way.
The Different Types of Grand National Bets
There are a number of different types of bets that can be placed on the Grand National. These include:
- Win Bet: This is a bet on a single horse to win the race.
- Each-Way Bet: This is a bet on a single horse to finish in the places. It consists of two parts; a win bet and a place bet. The place bet pays out if the horse finishes in the places, while the win bet pays out if the horse wins.
- Forecast Bet: This is a bet on a single horse to win, and another horse to finish in the places. It consists of two parts; a win bet and a place bet.
- Tricast Bet: This is a bet on a single horse to win, a second horse to finish in the places, and a third horse to finish in the places. It consists of three parts; a win bet, a place bet and a tricast bet.
- Multiple Bet: This is a bet on multiple horses to win or finish in the places. It consists of multiple parts; a win bet, a place bet and a multiple bet.
Odds for Each-Way Bets
The odds for each-way bets on the Grand National vary depending on the number of runners taking part in the race. The odds for each-way bets on horses with 24 or fewer runners are usually between 5/2 and 8/1. For 25 to 39 runners, the odds are usually between 8/1 and 10/1. For 40 or more runners, the odds are usually between 10/1 and 12/1.
Payouts for Each-Way Bets
The payouts for each-way bets on the Grand National depend on the number of runners taking part in the race. If there are 24 runners or less, then the payout is 1/5 the odds for the place part of the bet. If there are 25 to 39 runners, then the payout is 1/4 the odds for the place part of the bet. If there are 40 or more runners, then the payout is 1/3 the odds for the place part of the bet.
Tax Implications for Each-Way Bets
In the UK, winnings from betting on horse racing are not subject to tax. However, any winnings from each-way bets on the Grand National are subject to tax. This is because the place part of the bet is considered to be a bet in itself, and therefore subject to tax.
Insurance for Each-Way Bets
Many bookmakers offer insurance for each-way bets on the Grand National. This means that if your horse falls, unseats the rider or is pulled up during the race, then you will be refunded your stake. This insurance is usually offered at a reduced rate, and is a great way to protect your stake if you are betting on a horse that is an outsider.
How to Place an Each-Way Bet
Placing an each-way bet on the Grand National is simple and straightforward. All you need to do is select the horse you want to bet on, select the ‘each-way’ option (if available) and enter the stake you want to bet. The total stake for the bet will then be calculated, with the win part of the bet being the same as the stake and the place part being half the stake.
Conclusion
The number of places paid each-way in the Grand National is dependent on the number of runners taking part in the race. The minimum number of runners is 24, with 4 places paid each-way if there are 24 runners or less, 5 places paid each-way if there are 25 to 39 runners, and 6 places paid each-way if there are 40 runners or more. The odds and payouts for each-way bets vary depending on the number of runners, and any winnings are subject to tax. Many bookmakers offer insurance for each-way bets, and placing an each-way bet is simple and straightforward.