An each-way bet is really two bets: half your stake on the horse to win, and half on it to place. If it wins you collect both parts; if it only places you collect the place part; if it finishes out of the places you lose both. This calculator shows the win part and place part separately so you can see exactly where your returns come from.
Place terms decide the place payout — usually a fraction of the win odds (1/5 or 1/4) over a set number of places. The bigger the field and the better the terms, the more an each-way bet is worth.
Each-Way Calculator
An each-way bet is two bets: half your stake on the win, half on the place. Enter the price, your each-way stake and the place terms.
Free bet returns exclude the stake. For guidance only — confirm on your bet slip. 18+ · GambleAware.org
How to use the each-way calculator:
- Pick fractional or decimal odds and enter the win price.
- Enter your each-way stake — staked on each part, so a £10 each-way bet costs £20.
- Choose the place terms (e.g. 1/5 odds, the most common).
- Set the result: Won (1st), Placed (not 1st) or Unplaced.
£10 each-way (£20 total) on an 8/1 winner with 1/5 place terms returns £116 — £90 from the win part (£10 at 8/1) plus £26 from the place part (£10 at the place price of 8/5). Profit: £96. If the same horse only places, you collect the £26 place part for a £6 profit on the £20 outlay.
When is each-way worth it?
Each-way value rises in big-field handicaps and at festivals where bookmakers pay extra places (5, 6 or 7 instead of 3). A single extra place can swing the value of an each-way bet significantly on a 16+ runner field.
Useful links: Each-way & extra places explained · What is extra place betting? · Full bet calculator · Best bookies for extra places (UK)
Each Way Calculator FAQ:
- How does an each-way bet work? It’s two equal bets: one on your selection to win, one on it to place. A £10 each-way bet is £20 total. You collect the win part only if it wins, and the place part if it finishes in the paid places.
- How are each-way place terms calculated? The place part pays a fraction of the win odds — commonly 1/5 or 1/4. At 8/1 with 1/5 terms, the place price is 8/5. The number of places paid depends on the field size and the bookmaker’s terms.
- What does each-way pay if my horse wins? Both parts pay. You get the full win odds on the win part and the place fraction on the place part. The calculator adds them together for your total return.
- What are extra places? At big meetings bookmakers often pay more places than standard — for example 6 or 7 instead of 3 on a big handicap. More paid places means more chances for the place part of your each-way bet to land.
- Is each-way better than a win bet? It depends on the price and field. Each-way tends to suit longer-priced runners in larger fields, where the place part offers insurance; on short-priced favourites a win bet is often better value.
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