Welsh Grand National 2023 full results and which finishing places each-way bets pay out on
Nassalam as won the 2023 Welsh Grand National at Chepstow Racecourse.
The 5/1 horse, trained by Gary Moore, was ridden to victory by jockey Caoilin Quinn. Only five horses finished the race, with Iwilldoit finishing second, Iron Bridge coming third and Not Sure and Complete Unknown finishing in fourth and fifth place respectively.
Welsh Grand National results 2023:
1. Nassalam - 5/1
2. Iwilldoit - 10/1
3. Iron Bridge - 7/1
4. Not Sure - 33/1
5. Complete Unknown - 7/1
Which places do each-way bets pay out on?
Each-way bets are so popular because you're not actually betting on your horse to win outright. Instead, you're betting on it to finish among the top handful of places, the specific number of which are determined by the bookmakers.
Skybet is paying the most each-way places for the 2023 Welsh Grand National, with seven places at 1/5.
Skybet: 7 places, 1/5 odds
Paddy Power: 6 places, 1/5 odds
bet365: 6 places, 1/5 odds
William Hill : 6 places, 1/5 odds
Betfair: 6 places, 1/5 odds
If you bet to win outright - or 'on the nose' - then it's all or nothing. You either win or you lose, if your horse comes anywhere other than first, you don't win a penny. However, if you bet each-way, you're actually making two bets with the bookie.
It's one bet that the horse will finish first and another that it will come in the determined number of places that the bookie pays out on. So, for example, if you bet £1 each-way, you've made two bets, which overall will cost you £2.
What does that meaning in terms of winnings? Well, if your horse wins at 12/1, and you put £1 on it to win outright, then you get your £12 returns plus your original £1 stake. However, if you backed it each way, then you'll get £12 returns plus your £1 stake.
In addition, if the bookies offer 1/4 the odds for a place, then you'll get another £3 plus your £1 stake. If your horse finishes placed but doesn't win, you'll just get your £3 returns and your £1 stake back.
