See exactly what an each-way bet returns if your horse wins, if it
only places, or if it loses. Just add your stake, odds and place terms.
For illustration only. The number of places paid affects
whether your horse places, not the payout if it does, so it is not needed here. This
calculator does not account for Rule 4
deductions or dead-heats. Always check your bookmaker's settlement. 18+ ·
BeGambleAware.org.
How an each-way bet works
An each-way bet is really two bets of equal size: one on your
horse to win, and one on it to place (finish in
the top few). That is why a "£5 each-way" bet costs £10.
If it wins, both parts pay: the win part at the full odds, the
place part at the place fraction.
If it only places, the win part loses but the place part still
returns.
If it loses, you lose the full outlay.
For the full explanation, including how many places are paid in different races,
see our guide to
each-way betting.
Frequently asked questions
How is an each-way bet calculated?
An each-way bet is two equal bets: one on the win, one on the place. So your outlay is double your unit stake. If it wins, both parts pay, the win part at full odds and the place part at the place fraction. If it only places, the win part loses but the place part still pays.
What are place terms?
Place terms are the fraction of the win odds paid for a place, and how many places are paid. Common fractions are 1/5 and 1/4. For example, a place at 1/5 of 10/1 pays out as if it were a 2/1 winner on the place part of your stake.
How much does an each-way bet cost?
Double your unit stake, because it is two bets. A £5 each-way bet costs £10: £5 on the win and £5 on the place.
Is the each-way calculator free?
Yes, completely free and private. It runs entirely in your browser and nothing you enter is stored.