This each-way calculator shows what an each-way bet pays if your horse wins, places or finishes unplaced. Enter your stake per part, the odds and the each-way terms, and add a Rule 4 deduction if a runner has been withdrawn.
An each-way bet is two bets of the same size. One is a win bet. The other is a place bet at a fraction of the odds, usually 1/4 or 1/5. So £10 each-way costs £20.
Each-way bet calculator
The short version
- Place odds = (odds − 1) × the fraction, + 1. At 8/1 and 1/5, that is 8/5.
- If the horse wins, both parts pay. If it only places, the win part loses.
- At short prices, a placed horse can return less than your total stake.
How to use the each-way calculator
Enter the stake for each part, not the total. Type the odds as a fraction (8/1), a decimal (9.00) or “evens”. Then pick the place terms from your bet slip.
If a horse has been withdrawn, pick the Rule 4 deduction. It comes off your winnings only, never your stakes.
Each-way place terms
| Runners | Race type | Places paid | Place odds |
|---|---|---|---|
| 1–4 | Any | Win only | No each-way |
| 5–7 | Any | 2 | 1/4 |
| 8 or more | Non-handicap | 3 | 1/5 |
| 8–11 | Handicap | 3 | 1/5 |
| 12–15 | Handicap | 3 | 1/4 |
| 16 or more | Handicap | 4 | 1/4 |
These are the standard UK terms (source: Oddschecker). Bookmakers can offer better terms, such as extra places, so always check the terms on your bet slip.
Worked example
Worked example
You bet £10 each-way at 8/1 in a 10-runner race, so the terms are 3 places at 1/5 odds. Your total stake is £20.
The place odds are 8 × 1/5 = 8/5. If the horse wins, the win part returns £90 and the place part £26, so £116 in all. If it finishes 2nd or 3rd, only the place part pays: £26 back from £20 staked.
At 3/1 and 1/5 odds, a place pays just 3/5. You get back £16 from £20, a £4 loss even though the horse placed.
Rule 4 deductions
When a horse is withdrawn after you bet, the race gets easier and bookmakers cut your winnings with Rule 4. The deduction depends on the withdrawn horse’s price, from 5p in the £ for a 10/1 to 14/1 shot up to 90p for a 1/9 favourite. The calculator’s menu lists each band; Geegeez has the full chart.
When each-way makes sense
Each-way is best value on bigger prices in big fields, especially when a bookmaker pays extra places. At short prices the place part often loses money. Our each-way value calculator checks whether a price is worth taking, and the extra place calculator covers the matched-betting approach.
Related calculators and guides
- Best odds guaranteed calculator
- Each-way value calculator
- Extra place calculator
- All betting calculators
18+ only. Betting should be fun, and every bet can lose. Set a budget you can afford to lose and stick to it. For free, confidential support, visit BeGambleAware.org or call the National Gambling Helpline on 0808 8020 133.