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Aug 13, · Probably the easiest way to explain this is to provide an example, so let’s imagine you are backing Horsey McHorseface for $10 each way at a price of 20/1. The each way Missing: face. Jun 30, · In a horse race each way bet a horse is priced at 12 with a place of with eight horses in the race (1/5 win odds on first-, second-, and third-place finishers). Here are the . You are betting on a horse to finish in the places for which bookmakers pay out. Places in a race differ according to the number of runners in a race and bookmaker terms. Price. The price Missing: face.