Each-Way Bet Calculator
Calculate your each-way bet returns in seconds. Enter the odds, stake and place terms to see the win part, the place part, total returns and profit — for horse racing and more.
Each-way bet calculator
Win part + place part. Enter your bet details.
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What is an each-way bet?
An each-way (e/w) bet is really two bets in one: half your stake goes on the selection to win, and the other half goes on it to place (finish in the top few, as defined by the bookmaker). That's why a "£10 each-way" bet costs £20 in total — £10 on the win, £10 on the place.
If your selection wins, both parts pay out. If it only places, the win part is lost but the place part pays at a fraction of the odds (commonly 1/5 or 1/4). If it finishes outside the places, the whole bet loses.
How each-way returns are calculated
The win part pays at the full odds plus your stake back. The place part pays at the place fraction of the odds (e.g. 1/5) plus that part of the stake back. Here's the breakdown for a £10 e/w bet at 8/1 with 1/5 place terms that wins:
- Win part: £10 × 8 = £80 profit, plus £10 stake = £90.
- Place part: odds become 8 ÷ 5 = 1.6, so £10 × 1.6 = £16 profit, plus £10 stake = £26.
- Total return: £90 + £26 = £116 from a £20 outlay — a £96 profit.
Understanding place terms
The number of places paid and the fraction depend on the race. A typical handicap with 8–11 runners pays 1/5 odds for the first three places; bigger fields pay four or more places, while small fields may pay only two at 1/4. Always check the place terms shown on your betslip — they're set by the bookmaker for each event.
When is each-way worth it? Each-way bets shine on bigger-priced selections in competitive fields, where there's a real chance of placing even if your pick doesn't win. On short-priced favourites the place return can be tiny, so a straight win bet is often better value.
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Frequently asked questions
How does an each-way bet work?
It's two bets: half your stake on the win and half on the place. A £10 each-way bet costs £20. If your selection wins, both parts pay; if it only places, just the place part pays.
How are each-way winnings calculated?
The win part pays the full odds plus stake. The place part pays a fraction of the odds (e.g. 1/5) plus stake. Add them together for the total return.
What does '1/5 odds, 3 places' mean?
It means the place part is settled at one-fifth of the win odds, and your selection needs to finish in the top three places to win the place part.
Is an each-way bet worth it?
Each-way bets work best on higher-priced selections in big fields where placing is realistic. On short-priced favourites the place return is small, so a win-only bet may be better value.
How much does a £10 each-way bet cost?
£20 in total — £10 on the win and £10 on the place. The calculator above splits both parts for you.