Each Way Calculator
Calculate your each way bet returns for horse racing, golf, and other sports. Enter win odds, select place terms, and see potential profits for win, place, and out-of-the-places scenarios.
Each Way Calculator
Enter stake and win odds to calculate each way returns
Total stake: £20.00 (2 bets: £10 win + £10 place)
Supports decimal (5.0), fractional (4/1), or American (+400)
Understanding Each Way Betting
What is an Each Way Bet?
An each way bet is essentially two separate bets: one on the selection to win, and one on the selection to place (usually 2nd, 3rd, or 4th depending on the number of runners). Your total stake is doubled - half goes on the win, half on the place.
How it Works
Place Odds = 1 + (Win Odds - 1) × Place Terms
For example, with win odds of 5.0 (4/1) and place terms of 1/5: Place odds = 1 + (5 - 1) × 0.2 = 1.8
Common Place Terms
Horse Racing
- • 2-4 runners: Win only (no each way)
- • 5-7 runners: 1/4 odds, 1st & 2nd place
- • 8+ runners: 1/5 odds, 1st, 2nd & 3rd place
- • 16+ runners (handicap): 1/4 odds, 4 places
Golf & Other Sports
- • Golf majors: 1/4 or 1/5 odds, 5-8 places
- • Regular tournaments: 1/4 or 1/5 odds, 3-5 places
- • Tennis: Usually 1/2 odds, 2 places (final only)
- • Football: Varies by tournament and bookmaker
Example Calculations
| Scenario | Stake | Win Odds | Place Terms | If Wins | If Places |
|---|---|---|---|---|---|
| Short odds fav | £10 EW | 2.5 (6/4) | 1/5 | +£5.00 | -£14.00 |
| Mid-price | £10 EW | 5.0 (4/1) | 1/5 | +£58.00 | +£8.00 |
| Big priced | £10 EW | 11.0 (10/1) | 1/4 | +£230.00 | +£50.00 |
| Outsider | £5 EW | 26.0 (25/1) | 1/4 | +£160.00 | +£36.25 |
Each Way Betting Tips
- •Value in Big Fields: Each way betting is often most valuable in large field events (golf, big handicaps) where place terms are generous relative to the win odds.
- •Extra Places: Many bookmakers offer "extra places" promotions on big races - this can significantly improve the value of your each way bets.
- •Avoid Short Favourites: Each way betting on short-priced favourites (under 2.0) often results in a loss even when the horse places.
- •Compare Place Terms: Different bookmakers may offer different place terms on the same event - always shop around for the best value.
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