New bet on show

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A new bet is introduced today by Ladbrokes that will pay a third of the odds each-way and in certain races half the odds each-way.

But before you rush to the cashpoint to stock up for your afternoon's foray, the "Win & Show" bet pays out only on a horse that finishes first or second in any race with eight or more runners. Successful punters will be paid a third of the win odds, rising to a half in handicaps with 16 or more runners.

The bet has been launched instead of a Jackpot-type wager to compete with the Lottery.