Each-Way Calculator
Returns for each-way bets with place terms, extra places and Rule 4.
Assumes both parts settled at the same Rule 4 deduction. Total outlay is twice the per-part stake.
How the each-way calculation works
An each-way bet is two bets: one on the win, one on the place. The place part pays at a fraction of the win odds — usually 1/4 or 1/5 — and only if your horse finishes inside the places paid. A £10 each-way bet costs £20 in total.
Worked example: £10 each-way at 12/1 with 1/4 odds and 4 places. The horse finishes 3rd. The win part loses (£10 gone). The place part pays 12/1 ÷ 4 = 3/1: £30 winnings plus the £10 place stake back, £40 total. Against the £20 outlay, that's £20 profit — from a horse that didn't win.
The full strategy behind the numbers — when each-way terms are generous and when they're a trap — is in our guides to each-way value and how many places bookies pay. When a horse is withdrawn after you bet, both parts take a Rule 4 deduction, which the calculator applies too.
Standard place terms
| Field size | Places | Fraction |
|---|---|---|
| 2–4 runners | Win only | — |
| 5–7 runners | 2 | 1/4 |
| 8+ (non-handicap) | 3 | 1/5 |
| 12–15 (handicap) | 3 | 1/4 |
| 16+ (handicap) | 4 | 1/4 |
FAQ
Why is my outlay double my stake?
"£10 each way" means £10 on the win and £10 on the place: £20 leaves your balance.
What are extra places?
Places a bookmaker pays beyond the standard terms on selected races — always an improvement for you. Set the places dropdown to match the offer. Full guide.
Which fraction should I pick?
Whatever the bookmaker advertises for that race — it's shown next to the each-way terms. Handicaps with 12+ runners are usually 1/4; big non-handicap fields 1/5.