A $5 eachway bet (total stake $10) on a 10/1
Place terms 1-2-3-4 1/4 the odds (means if your horse comes 1st 2nd 3rd or 4th you will get a return)


If the horse wins you will get $5 divided by 1 x 11 =$55 (divide by the second number of the fraction times by both numbers added together) + $5 divided by 1 x 2.5 (1/4 of ten) + your $5 stake back $17.50. TOTAL RETURN $72.50

If your horse comes 2-3-4th you will only get the second part =$17.50