## ABSTRACT

Each-way betting becomes complicated when doubles and other multiple bets are concerned, for there are two distinct ways of settling such bets: each-way all each-way, traditional in the North of England and in Scotland, and win-to-win place-to-place, traditional in the South. In each-way all each-way doubles, all of the returns from the first selection are equally divided for an eachway bet on the second; in win-to-win place-to-place doubles, win returns and place returns are kept separate throughout the bet. So, if one backs two 10/1 shots in a £1 each-way double, and they both win, then the winnings from the each-way all each-way will be £91 (£14 equally divided from the first horse, meaning that £7 each-way goes on the second), and from win-to-win place-to-place the returns are £130 (from the first horse, £11 to win and £3 a place on the second). If one wins and the other is only placed, the returns are, respectively, £21 (£7 each-way going on to the second) and £9 (£3 for a place going on to the second). If both are only placed, the returns are £4.50 (£1.50 each-way going on to the second) and £9 (£3 for a place going on to the second).