Betting offers for the 2023 Grand National will start to become very thin on the ground as the race gets closer.
In fact, expect most bookers to promptly withdraw all offers from Friday afternoon ahead of the race on Saturday, April 15th.
Not so with Paddy Power, so if you’re looking for some real value with your bets for the Grand National 2023, you may be very interested to know that they have confirmed they will be paying out on the first SIX runners home in this year’s race.
And if you’re wondering just how profitable it can be to back a horse that finished in sixth place check out the stats below…
Sixth place finisher in the last ten Grand Nationals:
2022: Longhouse Poet – 12/1
2021: Blaklion – 50/1
2020: Race Cancelled
2019: One For Arthur – 20/1
2018: Road To Riches – 33/1
2017: Vieux Lion Rouge – 12/1
2016: Ucello Conti – 25/1
2015: Royale Knight – 25/1
2014: Chance Du Roy – 33/1
2013: Swing Bill – 80/1
2012: Ballabriggs – 12/1
Paddy Power has also managed to get the jump on additional promotions and is also offering Non-Runner Money Back.
That means if you back your horse now, and for some reason the horse doesn’t run in the Grand National 2023, Paddy Power will refund your stake!
Paddy Power is also offering a new customer a promotion deal. Details can be found below.
You Need To Place An Each Way Bet
Paddy Power, like all bookmakers, only pay out on the places if you have made an EACH WAY bet.
An each-way bet is a type of wager commonly used in horse racing and other sports betting, such as golf or tennis. It involves placing two equal bets on the same selection: one bet to win and another bet to place.
The “win” bet is a straightforward bet on the selection to win the race or event outright. The “place” bet is a bet on the selection to finish in one of the predetermined places, which varies depending on the number of runners in the race and the terms set by the bookmaker.
For example, in the Grand National, because it has more than 16 runners, the place terms they pay will be 1/5 of the odds for those horses that finish 2nd, 3rd, 4th, 5th or 6th.
If the runner you back wins the race, both the win bet and the place bet are paid out in full.
If the horse finishes between 2nd and 6th place, the place bet is paid out at the agreed fraction of the odds (e.g. 1/5) and the win bet loses.
And if your horse finishes the race but comes in at least 7th place or more, then sadly, you get no money back from your bet.
The benefit of an each-way bet is that it increases the chances of winning something even if the selection doesn’t win the race outright.
However, because you’re placing two bets, the total cost of an each-way bet is double the unit stake.
For the 2023 Grand National, Paddy Power will pay out 1/5 odds on the horses that finish second, third, fourth, fifth, and SIXTH.