Each Way Bet Calculator

Calculate returns for each way bets with different place terms and positions

Calculate Your Each Way Bet

Enter your stake, odds, and place terms to see your potential returns for win, place, and loss scenarios.

Your stake per bet (you place 2 bets)
Select your preferred currency
The decimal odds for your selection to win
Fraction of win odds paid for place (typically 1/4 or 1/5)
Number of positions that count as a place (e.g., top 3)

Understanding Each Way Betting

Each way betting is a popular strategy that offers a safety net while maintaining upside potential. Here's everything you need to know.

How Each Way Betting Works

When you place an each way bet, you're actually placing two bets: one for your selection to win, and one for it to place. The place bet pays out at a fraction of the win odds (typically 1/4 or 1/5). The total cost is double your unit stake. If your selection wins, both bets pay out. If it only places (finishes in the specified positions but doesn't win), only the place bet pays out.

Benefits of Each Way Betting

  • Reduced risk: You can still profit even if your selection doesn't win
  • Good for longshots: Higher odds selections benefit more from each way coverage
  • Psychological comfort: Less stressful than all-or-nothing win bets

Practical Considerations

  • Check place terms before betting - they vary significantly between bookmakers and events
  • Calculate break-even: For favorites, the place return might not cover your total stake
  • Compare value: Sometimes a straight win bet offers better expected value than each way

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Frequently Asked Questions

1/4 odds means that the place portion of your bet will be paid at one quarter of the win odds. For example, if the win odds are 5.00, the place odds would be calculated as ((5.00 - 1) / 4) + 1 = 2.00. The 1/5 odds work the same way but divide by 5 instead of 4.

An each way bet costs double your stated stake because you're placing two separate bets. A $10 each way bet costs $20 total: $10 on the win and $10 on the place. This is important to remember when managing your bankroll.

Each way bets are most valuable for selections with higher odds (typically 5.00+) in competitive fields. They're particularly popular in horse racing and golf. For heavy favorites (odds below 3.00), the place return often doesn't justify the extra stake. Use our calculator to compare scenarios and decide which bet type offers better value for your selection.