I know this is a bit of a school boy question but I want to back and lay a horseeach wayat Betfair.

Stake: £12.50 e/w 12.0 (1/4 the odds). This pays £196.88

£150 - 12.50 - win

£46.88 - 12.50 - place

I lay £12.50 on the win market and £12.50 on the place market.

My question is to work out the lay odds for theeach waypart do I simply do this:

£46.88/£12.50 = 3.75 and match this against the place market in Betfair.

Many thanks,

J