Each Way Bet Calculator

An each way bet is a single selection wager divided into two equal parts: a win bet and a place bet. Learn more about how it works.

This type of bet is especially popular in horse racing and golf betting. In golf, dead-heats are quite common due to the high likelihood of multiple players finishing the tournament with the same score. Despite this, there is typically only one outright winner.

Looking for more calculation options? Try our comprehensive bet calculator for all your betting needs.

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  • How an Each Way Bet Works?

    With an each way bet, you’re actually placing two separate bets: one on the win and one on the place. Let’s use a horse race as an example. If your horse wins, you win both the win part and the place part. If the horse only places, you lose the win part but win the place part.

    Basically, you give yourself two chances to win from the same selection: one with higher odds and one more likely to actually win. These bets are typically placed on a horse that has the potential to win but isn’t the favourite, meaning the odds are a bit higher. Essentially, you’re creating a safety net around your win bet, catching a small profit if your bet finishes in a decent position.

    How to Use the Each Way Calculator

    To use our each way calculator, simply use the following steps:

    • step 1 – select each way settings on the bet calculator

    step 1 - select each way settings on the bet calculator

     

    • Step 2 – Select Odds Format (Decimal, Fractional or American)

    Select what formats you are using for your bets, according to what your chosen sportsbook has on its website. Our each way calculator is capable of converting them to the formats you prefer too.

    • Step 3 – Insert your each way selections and outcomes

    step 3 - each way selections and outcomes

    • Step 4 – Enter your stake (you may choose between per bet or total wager for the whole bet to split equally).  The calculator will automatically display the return and profit.

    step 4 - enter stake

    Example of Calculating Each Way Bets

    Let’s walk through a practical example to showcase the power of an each way bet calculator. Suppose you place a $10 each way bet on a horse with 12/1 odds. This means your total stake is $20, split into $10 for the win bet and $10 for the place bet. The calculator will help you figure out the potential returns for both parts of your bet.

    If the place portion of the bet has a fraction of 1/5 of the winning odds, the potential returns for this part would be based on 12/5 of the stake. If your selection wins, the win portion would return $130 ($120 profit plus $10 stake), while the place portion would return $34 ($24 profit plus $10 stake). Thus, your total return would be $164, making it an appealing option for those looking for a solid bet.

    However, if your selection only places without winning, you would still get a return from the place portion alone. In this scenario, the place portion would return $34 ($24 profit plus $10 stake). This example clearly illustrates how each way betting offers multiple chances for returns, making it a valuable strategy for bettors.

    Frequently Asked Questions

    An each way bet consists of a win bet and a place bet, offering multiple opportunities to win on a selection.

    Each way bets provide benefits like hedging bets, reducing risk, and potentially increasing returns, particularly on high odds selections. It’s a strategy that can offer a good balance of risk and reward.

    On the downside, Each Way bets require a greater initial wager as your stake is doubled. If your bet selection already has not favorable odds, then the payout may be less attractive once you discount the win portion of your stake.

    Each way bets can be placed as singles, doubles, trebles, or accumulators, each with varying levels of risk and potential returns.

    In an Each Way bet, the place part of your wager usually depends on how many participants are in the race. Typically, if there are up to 5 runners, it’s win-only. If there are up to 7 runners, there will be 2 places, and if there are up to 11 runners, there will be 3 places. The number of places offered by each bookmaker can vary based on specific events, races, and Extra Place promotions.