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Each-way - even money

Don't get bamboozled on a day at the races - use our A-Z jargon buster to help you understand the lingo.

Presenting the letter E . . .

Each-way
A bet where half the total stake is for the selection to win and half is for the selection to be placed (usually in the first three, but in big handicaps the places may extend to fourth or fifth). If the selection wins, the win portion is calculated in the normal way, while the place portion of the bet is settled at a fraction of the win odds. This fraction, and the number of places allowed by the bookmaker, depends on the type of race and the number of runners in the race. If the selectionis placed but fails to win, the win portion of the stake is lost but, again, the place portion of the bet is settled at a fraction of the win odds.

Ear'ole
The tic-tac term for 6-4.

Entire horse
An ungelded horse.

Even break
When all the runners in a race get away from the start on level terms.

Evens/Even money
A price of 1-1. When your stake brings equal winnings eg, £10 staked at evens wins £10 (total return £20).

2011 Investec Derby

Pour Moi storms to Derby success, ridden by teenager Mickael Barzalona

04 Jun 2011

Investec Oaks

Johnny Murtagh gives Dancing Rain a masterful front-running ride to win at 20-1

03 Jun 2011

THERE is no race, anywhere on earth, laden with as much history and prestige as the Epsom Derby. Conjured by 18th century aristocrats sitting over dinner it soon became the pre-eminent contest for three-year-olds and would go on to inspire hundreds of imitator races across the globe.

It remains a truly national sporting event. 125,000 descend on the Downs on the day of the race for a very British party. Double decker buses disgorge sun-seekers in everything from flip-flops to cocktail dresses, barbecues are sparked and laden with British bangers and bookies tout the favourite as a gambling frenzy erupts in the build-up to the race.