Sky Bet Grand National Betting Guide
It’s that time of year. The Grand National is upon us once again. The Great British institution that is the ultimate test of horse and rider over 4 miles 2 furlongs and 74 yards to be precise. We’ve all been there before and backed a faller at the first whilst *uncle/sister/cousins milkman* has backed the winner/bet the first three home despite neither of them knowing one end of a horse to the other. Well, this year is your year, it HAS to be. Surely?!
So, here at SkyBet we’ve put together this handy little guide to make it as easy as possible to understand how to place your bets on the big one on Saturday and find the winner…obviously.
Each Way Betting
This is the most popular bet – it has to be with so many runners.
An each way bet consists of two bets – the horse to win and to be placed. E.g.: if you have £1 each way then that’ll cost £2 and £5 each way will cost you £10 etc.
The benefit of placing your bet with SkyBet is that we’re paying out on the extra place, meaning if your horse finishes 5th you will be paid out (unlike most of our competitors who will only be paying first 4) – so we’re giving you an extra shot at getting some returns..
The each way terms are 1/4 odds for the first 5.
If you have backed the winner at 20/1 this means both the win and place parts of your bet are winners. You’ll get paid at 20/1 for the win (returning £21 which includes your stake) and £6 for the place, a total of £27.
If your selection doesn’t finish first but is placed, the win part of your bet is a loser and the place part is a winner. To work out your returns just divide the win odds by 4.
E.g.: you’ve backed a horse at 20/1 and it finishes 2nd, 3rd, 4th or 5th your place returns will be £6. (20/4=5 x £1 unit stake plus £1 original stake). Don’t forget the win part of your bet is a loser.
The returns of your bet will depend on the price you have taken.
Win Only Betting
This is betting on a selection to win. You won’t get any returns if your horse is placed.
Best Odds Guaranteed (BOG)
At SkyBet if you take a price on a horse in the Win/EW market and the selection returns at a bigger Starting Price (SP) then we will pay you out at the bigger odds.
E.g.: you’ve backed Many Clouds at 7/1 and the horse wins at odds of 10/1, we’ll pay out your winnings at 10/1. Easy!
We pay Best Odds Guaranteed on all UK & Irish Horse Racing and Greyhounds.
For further information see here.
We offer a whole range of other markets on each race. Here’s a guide to each of these markets:
W/O – Betting Without – which is betting without one of the market leaders and the horse that you are ‘betting without’ will be obvious as it will be listed with a “-“ in the odds column. So, if your horse wins the race or finishes 2nd to horse selected for ‘betting without’ then you’re a winner!
Insure Bet – Backing a horse to win a race but with the insurance so that if your horse doesn’t win but is placed, you receive your stake back. The number of places for each race will be listed in brackets at the head of the column of this market If your horse finishes placed without winning then your bet will be returned as a void – don’t panic if you see this!
Place Only – Betting on a horse to be placed – if your horse is placed in the named number of places (shown in brackets), your bet is a winner. In the Grand National we’re paying 5 places, so if you’re horse finishes in the first 5 then you’re a winner.
Match Bet – Here you are backing one named horse to beat the other. If your selection finishes in front of the other named selection then you have won. Often we will have 3 or more of these available on the big races.
Please note that at least one of the selections must complete, otherwise all bets are void.
Favs vs Outsiders – The horses named in the ‘Favs’ selection, usually include two or more of the market leaders, and the other selection is ‘The Field’ (all remaining runners). If you’ve backed the named ‘Favs’ you just need one of those to win. On the other hand, if you’ve backed ‘The Field’ if any of the remaining runners win then so do you.
Named Runners vs The Field – This is very similar to the ‘Favs vs Outsiders’ bet in that you have two selections to choose from; ‘named horses’ and ‘The Field’. However, the named horses here sometimes will not include the favourites.
*Please note that bets placed in all of the markets listed above in the ‘Derived Market’ section will not qualify for BOG.
Non Runner No Bet (NRNB)
All bets placed on the Grand National after 12.21pm on Monday 4th April will qualify for Non Runner No Bet, meaning your stake is refunded if your horse doesn’t run.
Best Odds Guaranteed will apply to this market.
If you have placed a bet on the Grand National prior to 12.21pm on Monday 4th April antepost rules apply, which means that you may not get your money back if your selection does not run.
See antepost rules here.
Any Other Queries
If you can’t find the answer you are looking for, we have a full Horse Racing section available here. Alternatively, you can get in touch via Email, Chat or Phone here.
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