Each Way Bet Calculator
Calculate an each-way bet: the win and place parts, place odds at 1/4, 1/5 or 1/3 of the odds, total stake, return and profit if your selection wins, only places, or loses.
How it works
total stake = 2 × unit stake · place odds (decimal) = 1 + (win odds − 1) × place fraction · wins: return = unit × win odds + unit × place odds · places only: return = unit × place odds · unplaced: return = 0
An each-way bet, common in horse racing and golf, is two equal bets: one on the selection to win and one on it to finish in the paid places (for example the first 3 or 4). The place part is settled at a fraction of the win odds — usually 1/4 or 1/5, set by the number of runners and the race type. If the selection wins, both parts pay; if it only places, the win part loses and the place part pays; if it is unplaced, both lose. Dead heats and non-runner deductions (Rule 4) reduce returns further.
Worked example
A $10 each-way bet at 10/1 (11.00 decimal) with 1/4 place terms costs $20. The place odds are 1 + 10 ÷ 4 = 3.50. If the horse wins you get $110 + $35 = $145.00 back, a $125.00 profit; if it only places you get $35.00 back, still a $15.00 profit; if it is unplaced you lose the $20.
Sources: Wikipedia — Glossary of UK bets (each-way) · GamCare — Support
Frequently asked questions
How does an each-way bet work?
It is two bets of the same size: a win bet and a place bet. A $5 each-way bet costs $10. The place bet pays at a fraction of the odds (1/4 or 1/5) if your selection finishes in the paid places.
When is each way worth it?
Each-way betting suits bigger prices (roughly 6/1 and longer) in fields where the place terms are generous. On short-priced favourites the place part often pays less than its stake.
How many places are paid?
In UK and Irish racing typically 2 places for 5–7 runners (1/4 odds), 3 places for 8 or more (1/5), and 4 places at 1/4 in big handicaps of 16+ runners. Bookmakers may offer extra places on major races.
What happens in a dead heat?
Your stake is divided by the number of runners tied for that position, so the return on that part is reduced proportionally. This calculator assumes no dead heat.
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For information and entertainment only — not betting advice. Gambling carries a real risk of loss, odds and settlement rules vary by bookmaker and country, and betting is only for adults where it is legal. Never stake more than you can afford to lose; if gambling stops being fun, get free, confidential help (for example 1-800-GAMBLER in the US, GamCare or BeGambleAware in the UK, or your local helpline).