Each Way Bet Calculator

Are you wondering whether an each-way bet is worth it?

Use our Each Way Bet calculator to work out your potential winnings; you can calculate your returns within minutes by simply inputting your odds and picks.

Enter your each-way selections below for more details on how much you could win.

Enter Bet Details
# Outcome Odds Place Odds
Place Odds
Enter Bookmaker Bonuses
Total Outlay:

Total Return:

Total Profit:

Why Use an Each Way Bet Calculator?

An Each Way Bet calculator simplifies accurate calculations of complex returns. This betting tool aids bettors in making strategic decisions by factoring both ‘win’ and ‘place’ parts.

Rather than manually calculating your each-way betting odds and potential wins, you can ensure a quick and accurate calculation using the bet calculator.

What is an Each Way Bet?

An each-way bet is two separate bets, one on the selection to win and the other on it to place.

Each-way bets offer risk management; if your selection misses out on a win, you will still get returns if it places.

A horse places if they finish second, third or fourth, but this depends on how many runners are in the race.

How to Use Each Way Bet Calculator

Use the Each Way Bet Calculator with our five easy steps:

  1. Select the dropdown and choose your Bet Type
  2. Enter the Each Way selection
  3. Input all the odds from your picks
  4. Enter the stake
  5. Your winnings will be calculated

How Do You Calculate Each Way?

Each Way Bets are calculated by considering both the ‘win’ and ‘place’ parts. The total stake is split between these parts, and returns are calculated separately for each part based on the selection’s outcome.

An Each Way bet differs depending on the number of runners in a race; the more runners there are, the more places an Each Way selection covers.

The more runners in a race, the more places an each-way bet will cover. When betting each way, you are betting on two outcomes: your horse to win and your horse to place.

If there are four places in a horse racing event with the betting odds of 1/5 and original odds of 10/1, you will get 4.00. This means a £10 each way bet would pay £40.

How Many Bets Need to Win for a Return on an Each Way Bet?

For a return on an Each Way Bet, success in either part of the bet is required.

Winning the event secures payouts for both ‘win’ and ‘place’ bets. Alternatively, placing within specified positions ensures a return on the ‘place’ bet.

Frequently Asked Questions

How many places is an Each Way bet?

An Each Way bet’s ‘place’ part varies based on the event and bookmaker.

Bookmakers typically specify the number of places, often three or four. This count changes according to the event’s nature and size, making it crucial for bettors to verify bookmaker terms for each bet.

Does each way include 4th?

An Each Way Bet can include a fourth-place finish, meaning you win returns for finishing fourth.

Whether the fourth place counts towards an each-way bet depends on the specific event, the bookmaker and the number of runners in a race.

How are Each Way Bets Calculated?

When placing an Each Way Bet your stake is doubled, so a £10 Each Way bet would require a £20 stake.

The place portion of the Each Way bet will be represented using a fraction of the winning odds.

For example, if the Each Way fraction is 1/5 the winning odds are 10/1 and you place a £5 Each Way bet, then your win portion has potential returns of £55 being split up between £50 and £5, and the place portion potential returns of £15 split between £10 and £5.

What are the Advantages and Disadvantages of an Each Way Bet?

The biggest advantage of an Each Way bet is that it increases your chance of a win. If the odds are long already, then the potential winnings are hugely attractive.

The downside is that Each Way bets may require a greater initial stake as your stake is doubled. The returns may be significantly less attractive once you remove the win portion of your stake.

All Betting Calculators

We have created a free bet calculator for every type of bet you can place on horse racing.

Here is the full list of horse racing betting calculators:

Joe Norris is a specialist horse racing tipster who also provides expert sports betting predictions at some of the leading sportsbook websites like Oddschecker. Joe has a love for horse racing and Director of GetYourTipsOut. Joe’s GYTO tips have shown profits leading to him being voted “Best Sport Betting Tipster in 2023”.