Horse-racing rules
How can I compare each-way terms when bookmakers offer four versus six places?
Direct answer
Compare the extra places against the reduced place fraction and total stake; more places is not automatically better value.
How to use this answer
The principle is supported by the referenced rules, but a different operator or market can apply a different settlement condition. Treat the named provider as a specific example, not as a universal betting rule.
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.