Each-way terms depend on how many horses run. Big-field handicaps pay four places, which is where each-way backers get the most for their money. Terms below are the standard ones; always check your bookmaker, and some offer extra places on big races.
Cheltenham
| Time | Race | Places |
|---|---|---|
| 13:10 | 2m 5f Handicap Hurdle 20 runners |
4 places 1/4 odds |
| 13:45 | 3m 1f Listed 7 runners |
2 places 1/4 odds |
| 14:20 | 2m Grd2 Chase 4 runners |
Win only |
| 14:55 | 2m 4f Handicap Chase 8 runners |
3 places 1/5 odds |
| 15:30 | 2m 5f Novices Hurdle 10 runners |
3 places 1/5 odds |
| 16:00 | 2m Novices Handicap Hurdle 18 runners |
4 places 1/4 odds |
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