Each Way Bet Calculator
Enter the stake for each part, the odds and the place terms to see the return if it wins, if it only places and if it loses.
Betting is for adults aged 18 or over, and you can lose money. This page explains the maths and does not encourage betting. If gambling is a problem for you or someone close to you, contact BeGambleAware or GamCare (National Gambling Helpline 0808 8020 133).
Worked examples
£10 each way at 5/2, a quarter of the odds
£10 on each part, odds 5/2
Wins: £51.25 back. Places only: £16.25 back. Loses: £0
Total stake £20, so profit is £31.25 for a win and a loss of £3.75 for a place only.
With a Rule 4 deduction of 10p in the pound
£10 on each part, odds 5/2, 10p deduction
Wins: £48.13 back. Places only: £15.63 back
The winnings are cut by 10% but the stake is not.
About Each Way Bet Calculator
An each way bet is really two bets in one: a win bet and a place bet, each for the same stake. The calculator shows what you get back in each of three outcomes: your selection wins, finishes in the places without winning, or finishes outside the places. Because the total stake is double the amount you enter, a placed selection can still leave you out of pocket, and the table shows how much.
The place part pays at a fraction of the odds, commonly a quarter or a fifth, for however many places the bookmaker offers. A Rule 4 deduction can also apply when a runner is withdrawn before the race, which reduces the winnings for everyone left in it. This page explains the sums and does not encourage betting.
How to use Each Way Bet Calculator
- Enter the stake for each part of the bet. The total is twice that.
- Type the odds in any style, such as 5/2, 3.5 or +250.
- Choose the place terms, such as a quarter of the odds.
- Add a Rule 4 deduction in pence in the pound if a runner has been withdrawn, then read the three results.
Common uses
- Checking returns before placing a bet on a horse race or golf tournament
- Seeing how much a placed selection returns compared with the total stake
- Working out the effect of a withdrawal on the winnings
- Learning how the place fraction changes the payout
Frequently asked questions
How does an each way bet work?
You place one bet on the selection to win and a second, equal bet on it to place. If it wins, both parts pay. If it only places, just the place part pays. If it does not place, both parts lose.
How is the place part worked out?
At the place fraction of the odds. At 5/2 with a quarter of the odds, the place part pays at 5/8, so £10 wins £6.25 plus the £10 stake back.
How much does £10 each way at 5/2 return?
The total stake is £20. If the selection wins, with a quarter of the odds for the places, it returns £51.25. If it only places, it returns £16.25, which is £3.75 less than the stake.
What is a Rule 4 deduction?
When a runner is withdrawn after bets are placed, the odds on the others become less generous. Winnings on the remaining runners are reduced by a number of pence in the pound, set by the price of the withdrawn runner. The stake is not reduced.
How many places count?
It depends on the race and the bookmaker. Common terms are a quarter or a fifth of the odds for the first two, three or four places. Check the terms with your bookmaker, because the calculator takes only the fraction.