Each Way Bet Calculator 2026
Calculate your each way returns with win and place payouts instantly
Enter Bet Details
Total stake will be double (win + place) = $20
Returns Breakdown
$10 win + $10 place
1/4 of (10 - 1) + 1
$132.5
Profit: +$112.5
$32.5
Profit/Loss: +$12.5
Each Way Formulas
Understanding the mathematics behind each way betting
Place Odds
10.00 @ 1/4: (10 - 1) / 4 + 1 = 3.25
Win Return
$10 @ 10.00: ($10 × 10) + ($10 × 3.25) = $132.50
Place Only Return
$10 @ 3.25 place odds = $32.50
Total Stake
$10 E/W = $20 total
How Each Way Betting Works
Two Bets in One
An each way bet is actually two separate bets: one on your selection to WIN and one on it to PLACE (finish in the top positions).
Place Terms
The bookmaker sets how many places pay out (usually 2-5) and at what fraction of the win odds (1/4 or 1/5).
Win = Both Pay
If your selection wins, you collect BOTH the win bet and the place bet. If it only places, you only get the place portion.
Calculate Returns
Place odds = (Win odds - 1) / fraction + 1. Total stake is always double your per-part stake.
Standard Place Terms
Place terms vary by number of runners and bet type
| Runners | Places Paid | Fraction | Notes |
|---|---|---|---|
| 2-4 | 1-2 | 1/4 | Very few runners |
| 5-7 | 1-2 | 1/4 | Small field |
| 8-15 | 1-2-3 | 1/5 | Standard race |
| 16+ | 1-2-3-4 | 1/4 | Handicap race |
| Golf | Top 5-8 | 1/4-1/5 | Major tournaments |
Each Way Betting Tips
Best for Longer Odds
Each way bets offer best value at odds of 10.00+. At short odds, the place returns rarely justify the extra stake.
Check Place Terms
Place terms vary between bookmakers. Some offer extra places on big races - always compare before betting.
Consider Field Size
More runners typically means more places paid. Check the race conditions before placing your bet.
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Frequently Asked Questions
About Our Each Way Calculator
Our professional each way calculator instantly calculates your potential returns for both win and place scenarios. Whether you're betting on horse racing, golf majors, or any sport with each way markets, this free tool shows you exactly what you could win.
Each way betting is popular for longer-priced selections where you want insurance if your pick doesn't win but finishes in the places. The calculator handles all standard place terms including 1/4 and 1/5 odds fractions and 2-5 paying places.
This calculator is 100% free, calculates instantly as you type, and requires no registration. Updated for 2026 with current bookmaker place terms and each way rules.
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Evgeny Volkov
Verified ExpertOver 10 years developing software for the gaming industry. Advanced degree in Mathematics. Specializing in probability analysis, RNG algorithms, and mathematical gambling models.