Horse-racing rules
What's the best way to calculate an each-way dead heat for fifth place?
Direct answer
For a dead heat involving two horses tied for one eligible place, the place stake is typically halved, then settled at the advertised fractional place odds. The exact reduction depends on how many places remain and horses tie.
How to use this answer
This answer is based on the mathematical principle or published rule identified in the source below. If the question involves a live betting market, confirm its settlement definition before applying it to a specific bet.
Split the relevant place stake across the tied finishers, then apply the advertised place fraction and any deductions using the bookmaker's dead-heat terms.
Racing bets can have different dead-heat, withdrawal, non-runner and each-way settlement conditions. Confirm the race time, final official result and the operator’s rule that applied when you placed the bet.