Type of bet (4,3)

I think it could be either:

Which length description are you looking for?:

4,3

each way

'type of bet' is the definition.
(I've seen this before)

This is the entire clue.

(Other definitions for each way that I've seen before include "For a sort of bet" , "(Of bet) for runner to win and to place" , "Betting either for a win or place" , "Like some bets" , "Kind of bet on win or place with bookie" .)

I've seen this clue in The Independent.

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