Each-way calculator
Use this calculator to work out each-way returns on a single bet. Enter the stake per way, the odds and the place terms, then choose the result. You get the win part, the place part, the total returns and the profit as separate figures.
Bet Calculators
How to use the each-way calculator
- Enter the stake per way. A £2.50 each-way bet is £2.50 to win and £2.50 to place, so the total stake is £5.00.
- Pick fractional, decimal or American odds and enter the price.
- Choose the place terms: 1/4, 1/5, or your own fraction.
- Enter the number of places the race pays.
- Mark the result as Win, Place, Lose or Void.
- Add a Rule 4 deduction or a dead heat if one applies.
How an each-way bet works
An each-way bet is two bets of equal size: a win bet and a place bet. If your selection wins, both parts pay. If it only places, the place part pays and the win part loses. If it finishes outside the places, both lose. "Each-way" does not mean 1st, 2nd or 3rd by itself; the places and the fraction depend on the race, so always check the terms before you set them in the calculator.
The place part pays a fraction of the win odds. At 5/1 with 1/5 terms the place odds are 1/1.
Worked example
A £2.50 each-way bet at 5/1, with the place part paying 1/5 of the odds:
| Result | Win part | Place part | Total returns | Total stake | Profit |
|---|---|---|---|---|---|
| Wins | £15.00 | £5.00 | £20.00 | £5.00 | £15.00 |
| Places only | £0.00 | £5.00 | £5.00 | £5.00 | £0.00 |
| Loses | £0.00 | £0.00 | £0.00 | £5.00 | -£5.00 |
A second example with different terms: £10 each-way at 9/2 with 1/4 terms. If it wins, the win part returns £55.00 and the place part returns £21.25 (place odds of 9/8), £76.25 in total from a £20.00 stake. If it only places, you get £21.25 back and the profit is £1.25.
How to calculate Rule 4 deductions
Rule 4 applies when a horse is withdrawn after bets are struck. A deduction in pence in the pound is taken from the winnings on the remaining selections, and it reduces the win odds before the place fraction is applied. So the place odds fall too.
Example: £2.50 each-way at 5/1 with a 20p Rule 4. The win odds become 4/1 after the deduction (decimal 5.00), and the place odds at 1/5 terms become 4/5. The win part returns £12.50 and the place part £4.50, so £17.00 in total from £5.00 staked. Enter the pence on the board in the Rule 4 box and the calculator does the rest.
Dead heats
When two or more horses tie, the stake on the affected part is divided between them. In a two-way dead heat for the win, the win part is halved: our 5/1 example returns £7.50 on the win part and £5.00 on the place part, £12.50 in total. A dead heat for the final place divides the place part by the number of horses sharing the remaining places. Enter the number of horses tied and where the tie is.
Extra places
Some races pay extra places on top of the standard terms. The calculator lets you set the number of places and the fraction yourself. For one example of an extra-place product, see Each way extra on golf. Check the operator's current terms for any offer.
Each-way on football and other sports
Each-way works on outright markets in other sports too, such as golf. For goalscorer markets, see Each-way first goalscorer vs anytime.
Each-way Lucky 15 and Lucky 31
This calculator covers a single bet. For each-way full-cover bets use the Lucky 15 calculator or the Lucky 31 calculator. Each-way doubles the number of bets in those.
Each-way bets at bet365
For how each-way works on bet365 (UK), see the bet365 each-way bet guide. Terms and offers change, so check bet365's current terms.
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Each-way calculator FAQs
What does each-way mean?
An each-way bet is two equal bets: one on your selection to win and one on it to place. The total stake is double the stake per way.
How much is a £5 each-way bet?
£10 in total: £5 to win and £5 to place.
What are the place terms?
The fraction of the win odds the place part pays, for example 1/4 or 1/5, and the number of places paid. They vary by race.
How does Rule 4 affect an each-way bet?
The deduction reduces the win odds first, and the place odds are a fraction of those reduced odds, so both parts return less.
What happens in a dead heat?
The stake on the affected part is divided by the number of horses sharing the position.
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