Use our free Each Way Bet Calculator to quickly calculate potential winnings from both the win and place portions of your bet, and boost your chances of success today!
What is an Each Way Bet?
An each-way bet splits your stake into two parts:
- Win Bet: Your selection must finish first.
- Place Bet: Your selection must finish in one of the top positions (e.g., top 2, 3, or 4).
This popular betting option is frequently used in horse racing, golf, and other sports with unpredictable outcomes. For Example: Win Bet: Horse A wins the race; Place Bet: Horse A finishes in the top 3.
If your selection wins, both bets pay out. If it places but doesn’t win, only the place bet pays out.
How to Use the Each Way Bet Calculator
Here is how you can use the each way bet calculator:
- Enter the Odds: Input the odds for your selection to win (e.g., 10/1).
- Specify Place Terms: Choose the fraction of the win odds for the place bet (e.g., 1/4 or 1/5).
- Input Your Stake: Enter your total wager, which is automatically split between the win and place bets.
- View Instant Results: The calculator displays potential returns for both the win and place portions.
Example Calculation
Here’s a breakdown of how the calculator works:
- Odds: 10/1
- Place Terms: 1/5
- Stake: $20 ($10 for win, $10 for place)
Returns:
- Win Bet: $110 ($100 profit + $10 stake)
- Place Bet: $30 ($20 profit + $10 stake)
With just a few inputs, the Each Way Bet Calculator ensures you have a clear understanding of your potential winnings.
Why Use the Each Way Bet Calculator?
One of the many benefits of using an each way bet calculator is to have accurate results, but also:
- Saves Time: Forget manual calculations – the tool does the math for you.
- Clear Results: Easily see your potential returns for both the win and place portions.
- User-Friendly: Input odds, stake, and place terms in a few clicks.
Strategies for Using the Each Way Bet Calculator Effectively
Here are some tips to have in mind while betting on each way bets.
- Target Higher Odds: Higher odds lead to better payouts for both win and place bets.
- Understand Place Terms: Check place terms (e.g., 1/4, 1/5) before betting; they directly affect your returns.
- Bet on Competitive Fields: Larger, unpredictable fields offer better value for each-way bets.
Frequently Asked Questions
An each way calculator helps you to get the potential returns from an each-way bet by splitting your stake between a win and place wager. It calculates payouts based on your entered odds, place terms, and stake.
Place terms are the fractions of the win odds applied to the place portion of an each-way bet.
For example: 1/4 place terms mean a 10/1 win odds becomes 2.5/1 for the place portion.
Always check event-specific terms before betting.
No! While each-way betting is common in horse racing, you can also use this calculator for golf, greyhound racing, and any sport where each-way bets are offered.
If your selection only places, the place portion of your bet pays out, while the win portion is lost. The calculator will show this outcome clearly in the results.
Looking for More Betting Tools?
Calculate returns for all bet types with our Main Betting Odds Calculator. Perfect for single bets, accumulators, and more!