Each-Way Bet Helper
See the win and place parts of an each-way bet from your stake, odds and place terms.
How to Use This Calculator
- Pop in your stake for each part (remember the full cost comes to 2× this figure)
- Type in the win odds for your selection
- Pick how many places are on offer
- Pick the place fraction (either 1/4 or 1/5 of the odds)
- Take a look at the returns and profit for the win, place-only, and unplaced situations
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 exactly is an each-way bet?
Think of an each-way bet as two bets rolled into one: a win bet plus a place bet. When your pick wins, both halves pay out. If it only places (lands in the top spots) without winning, just the place half pays. That place half is settled at a fraction of the win odds.
What's the meaning of 1/4 odds or 1/5 odds?
That’s simply the slice of the win odds used to work out your place returns. With 1/4 odds, the place part is paid at a quarter of the win odds; with 1/5 odds, it’s paid at a fifth. So if your win odds are 10/1, then at 1/4 the place odds become 10/4 = 5/2.
How many places get paid in each-way betting?
That varies by event. Horse racing usually pays 2-4 places (and more in handicap races). Your bookmaker will tell you both the number of places and the fraction that applies to each event.
Does each-way betting offer good value?
It can be brilliant value when you reckon a selection has a solid chance of placing but the win odds are big. Longshots with a decent shot at placing make ideal each-way picks, especially when the place terms are generous.