Calculate Each-Way Bets
Win and place returns on an each-way bet from stake, odds and place terms.
How to Use This Calculator
- Type in your stake per part (heads up: the total cost lands at 2× that figure)
- Drop in the win odds for your selection
- Pick the number of places on offer
- Pick the place fraction (1/4 or 1/5 of the odds)
- Instantly see returns and profit across 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 exactly is an each-way bet?
Think of an each-way bet as two bets bundled into one: a win bet plus a place bet. Land the win and both parts cash. Place but don’t win (finishing in the top spots), and only the place part pays out. That place part settles at a fraction of the win odds.
What do 1/4 odds and 1/5 odds actually mean?
That’s the slice of the win odds used to work out your place returns. At 1/4, the place part pays a quarter of the win odds; at 1/5, it pays a fifth. Quick example: with win odds of 10/1 at 1/4, the place odds come out to 10/4 = 5/2.
How many places get paid in each-way betting?
Depends entirely on the event. Horse racing usually pays 2-4 places, with more on offer in handicap races. The bookmaker sets the number of places and the fraction for every event.
Is each-way betting actually good value?
It can be a smart play when a selection looks likely to place but the win odds are big. Longshots with solid place chances are the sweet spot for each-way, especially when the place terms are generous.