Betting Calculators
Each Way Calculator
Calculate returns for each-way bets. Enter your stake, odds, and place terms to see win returns, place returns, and potential profit for each-way wagers.
How to Use This Calculator
- Enter your stake per part (the total cost will be 2× this amount)
- Enter the win odds for your selection
- Select the number of places being offered
- Select the place fraction (1/4 or 1/5 of the odds)
- View returns and profit for win, place only, and unplaced scenarios
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
What is an each-way bet?
An each-way bet is two bets in one: a win bet and a place bet. If your selection wins, both parts pay out. If it places (finishes in the top positions) but doesn’t win, only the place part pays. The place part pays at a fraction of the win odds.
What does 1/4 odds or 1/5 odds mean?
This is the fraction of the win odds used to calculate place returns. At 1/4 odds, the place part pays at one quarter of the win odds. At 1/5 odds, it pays at one fifth. For example, with win odds of 10/1 at 1/4 the place odds are 10/4 = 5/2.
How many places are paid in each-way betting?
It depends on the event. Horse racing typically pays 2-4 places (more in handicap races). Bookmakers specify the number of places and the fraction for each event.
Is each-way betting good value?
Each-way betting can be excellent value when you think a selection has a strong chance of placing but the win odds are high. Longshots with good place chances are ideal each-way selections, especially when place terms are generous.