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As with other multiples, the each-way option means you could see a good return on the initial stake simply by selecting four horses that are placed in their respective races.
Lots of punters will deploy an each-way Lucky 15, for example, on the Cheltenham Festival or at Royal Ascot to combine their main fancies across the entire four/five days of the meeting.
Here is an example of an each-way Lucky 15 for the Cheltenham Festival:
For a £1 each-way Lucky 15 bet on these four horses (total cost £30), the bet would return in excess of £140,000 if all four selections win. It has been done before with Lucky 15 bets and, who knows, you could hit the jackpot by placing this type of bet on horse racing in the future if your luck is in!
However, the nature of a Lucky 15 means that there are also many stopping points between the £30 stake and the jackpot payout that your bet could return.
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