Or six to four. Called ear'ole in tic-tac slang on account of the sign. Sometimes referred to as exes (six in slang) to rouf (four backwards), pronounced 'rofe.'
Your stake
Horse wins
2/3 place
�1 win
�1.50 profit
No pay-out
�1 e/w (�2 bet)
�1.87 profit
�1.37 return (63p loss)
(Based on a handicap with more than 16 runners, such as the Grand National. Each-way payouts can vary depending on the size of field and type of race)