What does a 20 bet in horse racing mean?

A £20 bet in horse racing means that a bettor is wagering £20 on a specific outcome, such as a horse to win, place, or show in a race. The potential return on the bet depends on the odds assigned to the horse at the time of the wager. If the horse wins or places as predicted, the bettor will receive their stake back plus any winnings based on the odds. Conversely, if the horse does not perform as expected, the bettor loses the £20.