Each-Way Betting Tool
Calculate the win and place returns on an each-way bet from your stake, odds and place terms.
How to Use This Calculator
- Enter your stake per part, bearing in mind the total outlay will be 2× that figure
- Enter the win odds attached to your selection
- Choose how many places are on offer
- Choose the place fraction in play (1/4 or 1/5 of the odds)
- Examine the returns and profit across three scenarios: a win, a place only, and an unplaced result
Formula
Total Stake = Unit Stake × 2 (one part for win, one for place)
Place Odds = (Win Decimal Odds - 1) / Fraction + 1
Win Return = (Stake × Win Odds) + (Stake × Place Odds)
Place Return = Stake × Place Odds
Win Profit = Win Return - Total Stake
Place Profit = Place Return - Total Stake
Frequently Asked Questions
How does an each-way bet actually work?
An each-way bet bundles two wagers together: a win bet and a place bet. Should your selection win, both halves are paid. Should it merely place — that is, finish among the leading positions without winning — only the place half returns anything. The place portion settles at a fraction of the win odds.
What is meant by 1/4 odds or 1/5 odds?
This denotes the fraction of the win odds applied when working out place returns. Under 1/4 odds, the place half settles at one quarter of the win odds; under 1/5 odds, it settles at one fifth. To illustrate, with win odds of 10/1 at 1/4, the place odds become 10/4 = 5/2.
How many places does each-way betting cover?
That varies by event. Horse racing customarily pays 2-4 places, with handicap races often paying more. The bookmaker dictates both the number of places and the applicable fraction for any given event.
Does each-way betting represent good value?
Each-way betting can deliver outstanding value when you judge a selection a strong candidate to place yet the win odds remain long. Longshots carrying genuine place credentials make ideal each-way picks, particularly where the place terms are generous.