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Each-way bets are popular in horse racing and involve two separate bets - one for the win and one for the place. This means that you can still earn a payout even if your selection doesn't win, as long as it finishes within the specified positions e. Handicap bets level the playing field between unevenly matched teams or individuals by applying a points or goals handicap.

The more favored team or individual will have a negative handicap, while the underdog will have a positive handicap. To win a handicap bet, your selection must overcome the handicap applied.

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