An Each Way (E/W) bet is basically two bets - one bet is for the horse to win, the other is for the horse to place.
Because it is essentially two bets, the stake that is taken is double what was selected – e.g. If a 5GBP E/W bet is placed, two 5GBP bets would be placed which would result in a total stake of 10GBP. Players will receive a return on the bet if the selected horse wins and also places. The place part of the bet will always be a fraction of the odds selected, usually 1.25 or 1.20