This each-way calculator shows what an each-way bet returns if your horse wins, places or finishes outside the places. Enter your stake per part, the odds and the each-way terms, and add a Rule 4 deduction if a runner has been withdrawn.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 equal bets: one to win, and one to place at a fraction of the odds, usually 1/4 or 1/5. So £5 each-way costs £10 in total.
Each-way bet calculator
Key points
- Place odds = (odds − 1) × the fraction, + 1. At 12/1 and 1/4, that is 3/1.
- If the horse wins, both parts pay. If it only places, just the place part pays.
- At short prices, a placed horse can return less than your total stake.
Using the calculator
Enter the stake for each part, not the total. Type the odds as a fraction (12/1), a decimal (13.00) or “evens”, then choose the place terms shown on your bet slip.
If a horse has been withdrawn, choose the Rule 4 deduction. It comes off your winnings only, never your stakes.
Standard each-way 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 your bet slip.
Worked example
Worked example
You bet £5 each-way on a horse called Quiet Meridian at 12/1 in a 14-runner handicap at Ascot, so the terms are three places at 1/4 odds. Your total stake is £10.
The place odds are 12 × 1/4 = 3/1. If the horse wins, the win part returns £65 and the place part £20, so £85 in total. If it finishes second or third, only the place part pays: £20 back from £10 staked.
Now take a 2/1 shot at 1/5 odds, where a place pays just 2/5. The place part returns £7, so a placed horse gives back only £7 of your £10 stake.
Rule 4 deductions
When a horse is withdrawn after you bet, the race becomes easier and bookmakers reduce your winnings under Rule 4. The deduction depends on the withdrawn horse’s price, from 5p in the £ for a 10/1 to 14/1 shot up to 90p for a 1/9 favourite.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 every band, and Geegeez has the full chart.
When each-way makes sense
Each-way is usually best value on bigger prices in big fields, especially when a bookmaker pays extra places. At short prices the place part often returns less than it cost. 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 stay fun. Set a budget before you start, only bet what you can comfortably afford, and take a break whenever you need one. For free, confidential support, visit BeGambleAware.org or call the National Gambling Helpline on 0808 8020 133.