How much would a fifty pence each way bet placed at 33 to 1 pay?

Assuming you place a 50p each way bet = £1 total bet

If the baby wins you will receive the win portion of the bet + the place portion of the bet

= £17 + £8.75p = £25.75p

If the baby comes 2nd 3rd or 4th (depending on the race it may only be the 2nd OR 2nd and 3rd OR 2nd 3rd + 4th that qualifies you for a payout)

You will probably get a quarter of the odds so that gives you

= £8.75p

Source(s):

http://zebratips.com