Horse-racing rules
What happens when my each-way horse finishes fourth but there were three paid places?
Direct answer
If your horse finishes fourth and the ticket pays only three places, both win and place parts lose. Extra-place promotions apply only when included in that particular bet.
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.
The win and place portions lose unless a promotion had expanded the paid places for that particular bet.
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.