WhichBookmakerCalculator · 2026-09-25
Each way bet calculator
Enter the stake, the odds and the place terms. You get the return if the selection wins and if it only places, the profit on both, and the effective place odds — the number that tells you whether the each-way part is worth having.
18+.
What the place terms are worth
The same bet at every common set of terms, so you can see what an extra place or a better fraction is worth before you choose a bookmaker.
| Terms | Place odds | Return if placed | Return if won |
|---|---|---|---|
| 1/2 | |||
| 1/3 | |||
| 1/4 | |||
| 1/5 |
How the calculator works
An each-way bet is two equal bets: one on the selection to win, one on it to finish in the places. Place odds are a fraction of the win odds: at 1/4 odds, a 9.0 (8/1) shot places at 1 + (9 − 1) ÷ 4 = 3.0 (2/1).
If it wins, both parts pay: stake × win odds plus stake × place odds. If it only places, the win part is lost and the place part pays. If it finishes outside the places, both stakes are lost. Profit is always the return minus twice the stake.
Rule 4 applies when a runner is withdrawn after you bet: the bookmaker deducts a fixed number of pence per pound from the winnings (not the stake) on both parts. The calculator applies the deduction to the odds before working out each part.
When each-way is worth it
- Big fields with extra places: 1/4 odds and 5 or 6 places in a 20-runner handicap can make the place part positive value on its own.
- Long prices: at 10/1 and above, the place part turns a near miss into a return that covers the whole stake.
- Not at short prices with thin terms: a 3/1 shot at 1/5 odds places at 1.6, so a placed bet loses money overall. Bet win-only or find better terms.
- Check "each-way terms" per race, not per bookmaker: the same operator pays 3 places at 1/5 in one race and 4 at 1/4 in the next.
Link to this calculator
Free to link, quote or embed. If you use the numbers in an article or a forum post, a link back is all we ask.
https://whichbookmaker.io/ie/each-way-calculator<a href="https://whichbookmaker.io/ie/each-way-calculator">Each way bet calculator — WhichBookmaker</a>Text and method: CC BY 4.0. Attribute to WhichBookmaker with a link.
Related
Frequently asked questions
What does "£10 each way" cost?
£20. An each-way bet is two bets of equal size: £10 on the selection to win and £10 on it to place. Betting slips and apps quote the stake per part, so always double it to get the outlay.
What are 1/4 and 1/5 odds?
The fraction of the win odds paid on the place part. At 1/4, a 12/1 shot places at 3/1; at 1/5, at 12/5. Bookmakers set the fraction and the number of places by the type of race and the field size: typically 1/5 for 5 to 7 runners, 1/4 for handicaps of 8 or more, and 1/5 or 1/4 with extra places for the biggest handicaps.
Can an each-way bet lose money if it places?
Yes, and it often does at short prices. At 3/1 with 1/5 terms, the place part pays 3/5, so a £10 each-way bet returns £16 on a place against a £20 outlay: a £4 loss. The place terms need to be generous enough, or the odds long enough, for a placed bet to break even.
What is a Rule 4 deduction?
A deduction bookmakers apply when a horse is withdrawn after the market has formed, because the remaining runners now have a better chance than their prices implied. It is stated in pence per pound of winnings, from 5p up to 90p depending on the withdrawn runner's price, and applies to both parts of an each-way bet.