The Grand National is the one race of the year where even people who do not usually bet will have a flutter.
If you are going to put something on, it is worth understanding exactly what you are getting for your money, and why each-way betting on this race in particular makes more sense than almost any other.
Why Each-Way Betting Makes Sense in the Grand National
A standard each-way bet is two bets in one: a win bet and a place bet, each for the same stake. On a £5 each-way, you are actually staking £10 in total: £5 on the horse to win, and £5 on it to finish in the places. Most bookmakers pay place terms at a fraction of the win odds, usually a fifth.
For a race with 34 runners, most bookmakers will pay four places each-way as standard. That means your place bet only collects if your horse finishes first, second, third or fourth. In a field this size, with 30 jumps across four miles and two furlongs, four places feels a little stingy.
This year, Betfred are paying six places each-way on the Grand National at 1/5th odds. That is a significant difference.
It means your place bet collects if your horse finishes anywhere in the top six.
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How the Maths Works
With Betfred paying six places at 1/5th odds, your place bet collects if your horse finishes anywhere in the top six. For longer-priced horses, that extra coverage makes a real difference.
A 100/1 shot finishing sixth returns nothing with most bookmakers. With Betfred, the place portion of your £5 each-way pays out at 20/1, returning £100 on that £5 stake alone.
Below is a full breakdown of what a £5 each-way bet (£10 total stake) would return on each horse in the 2026 Grand National field, based on current odds, assuming a win or a top-six finish with Betfred's terms.
Here’s what a £5 each-way bet (£10 total) would return on every Grand National runner at current odds.
| Horse | Odds | WIN | PLACE |
|---|---|---|---|
| I Am Maximus | 7/1 | £52 | £12 |
| Panic Attack | 8/1 | £58 | £13 |
| Grangeclare West | 10/1 | £70 | £15 |
| Jagwar | 10/1 | £70 | £15 |
| Iroko | 12/1 | £82 | £17 |
| Johnnywho | 12/1 | £82 | £17 |
| Monty's Star | 14/1 | £94 | £19 |
| Haiti Couleurs | 16/1 | £106 | £21 |
| Oscars Brother | 16/1 | £106 | £21 |
| Captain Cody | 16/1 | £106 | £21 |
| Gerri Colombe | 25/1 | £160 | £30 |
| Stellar Story | 25/1 | £160 | £30 |
| Gorgeous Tom | 25/1 | £160 | £30 |
| Final Orders | 25/1 | £160 | £30 |
| Champ Kiely | 28/1 | £178 | £33 |
| Favori De Champdou | 28/1 | £178 | £33 |
| Quai De Bourbon | 28/1 | £178 | £33 |
| Spanish Harlem | 33/1 | £208 | £38 |
| Lecky Watson | 33/1 | £208 | £38 |
| Perceval Legallois | 33/1 | £208 | £38 |
| Jordans | 33/1 | £208 | £38 |
| Twig | 33/1 | £208 | £38 |
| Banbridge | 50/1 | £310 | £55 |
| Firefox | 50/1 | £310 | £55 |
| Three Card Brag | 50/1 | £310 | £55 |
| High Class Hero | 50/1 | £310 | £55 |
| Answer To Kayf | 50/1 | £310 | £55 |
| Top Of The Bill | 50/1 | £310 | £55 |
| Imperial Saint | 50/1 | £310 | £55 |
| Mr Vango | 66/1 | £406 | £71 |
| The Real Whacker | 66/1 | £406 | £71 |
| Amirite | 66/1 | £406 | £71 |
| Beauport | 100/1 | £610 | £105 |
| Marble Sands | 100/1 | £610 | £105 |
| Ain't That A Shame | 100/1 | £610 | £105 |
| Deep Cave | 100/1 | £610 | £105 |
| Buddy One | 100/1 | £610 | £105 |
Odds correct at the time of publication. Prices may change before the race, so please check with your bookmaker for the latest odds.
A Few Things Worth Knowing Before You Bet
A few things worth bearing in mind as you look through the table.
The National is notoriously unpredictable. In the last ten runnings alone, Noble Yeats won at 50/1 in 2022, Rule The World went in at 33/1 in 2016, and Nick Rockett landed the prize at 33/1 just last year. Aurora's Encore won at 66/1 back in 2013.
The market gets it right sometimes, but often it does not. With Betfred paying six places rather than the standard four, those two extra places could be the difference between collecting and coming away empty-handed.
Betfred's six-place terms run for the 2026 Grand National only. Check the terms and conditions on their website before placing your bet to confirm the offer applies to your wager.
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