question about each way place terms

• About a week ago I placed an e/w ante post bet with fred for this weekends Clarence House Chase. The horse is Speredek, he was 66/1 with Fred which seemed good value as everyone else had him at 33/1 or 40/1 Obviously there is a bit of risk as it wasn’t a NRNB but seemed worth it.

  Anyway in the time since I’ve placed the bet the number of runners has come down from 14 to 8 and everybody has Speredek at 20/1 or less. No liquidity yet but I’m hoping for the chance of a decent arb on both the win and the place come Saturday.

  What I’ve noticed though is that oddschecker have the place terms for this race as 2 places at 1/4 odds. I’ve checked some bookie sites and they seem to be the same. Am I missing something here? My understanding is

  a) 3 places at 1/5 odds if there are 8 or more runners (it’s not a handicap).
  b) If the runners drop to less than 8 then it doesn’t matter as being an antepost bet, the place terms should be those available when the bet was placed (also there is no rule 4 deduction).

  Would appreciate if someone could clear this up.

  +0

  

  miles8516

  0

  January 16, 2018 at 7:34 pm