I may he wrong because I don't fully understand the ins and outs of betting but, on an each way bet, don't you only get half your stake back if your driver places?
I.E. if you go 10 each way for a total of 20 and your driver finishes 2nd, you lose the win bet and the 10 on that but win the placed bet and get that 10 back pluss winnings?
Is that correct?