Coming to it from another way if you just had a straight out $20 place bet then they would have taken away the full $20 from your winnings anyway (you would have won more but they still would have taken the $20 back).

And what about if the horse had won in your $10 EW bet? They would have taken their $20 back but you would have won a lot, lot more (maybe $200+ depending on odds).

As Shaun said "they were always going to only give the profit" so punters need to be aware of that. To counter that you would have lost nothing if the horse didn't place so a bit of give and take is what's needed IMO.

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Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”

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