Free each-way bet calculator
An each-way (E/W) bet is really two bets in one: half your stake on the selection to win, and half on it to place — finish in the top few, as set by the bookmaker's place terms. This calculator works out your total return for both parts instantly. Just enter your stake, the odds and the each-way terms.
How each-way returns are calculated
The win part pays at full odds if your selection wins. The place part pays at a fraction of the odds (commonly 1/4 or 1/5) if it finishes within the places. Add them together for your total return:
- Win part: (win stake × odds) if it wins.
- Place part: (place stake × odds × place fraction) if it places.
- If it wins, both parts pay. If it only places, you lose the win part but collect the place part.
Worked example
A £10 each-way bet (£20 total) at odds of 6.0, place terms 1/4 the odds:
- Wins: win part returns £60, place part returns £10 + £10 × (6.0−1)/4 = £22.50 → £82.50 total.
- Places only: the win part is lost, the place part returns £22.50 → a £2.50 profit on your £20 stake.
When each-way is worth it
Each-way shines on bigger-priced selections in events that pay several places — outright winners, tournament markets and longer-priced horses. On short prices it rarely makes sense. Pair it with our accumulator calculator for each-way multiples, and the bet calculator for straight win bets.