Each-way bet calculator
Enter your stake per part, the odds in any format and the place terms. The calculator shows what you get back if your selection wins, places or loses.
Written by BettingSeeker Editorial Team
How an each-way bet works
An each-way bet is two equal bets in one: a win bet and a place bet on the same selection. If it wins, both parts pay. If it finishes in a paying place without winning, only the place part pays, at a fraction of the win odds. If it finishes outside the places, both parts lose. Each-way is most common in horse racing and golf, where the place terms (how many places and what fraction) are set by the bookmaker for each race or event.
The dead heat option covers runners tying for a position. It assumes the tied runners are sharing one paying position: a dead heat for first applies to the win part, and a dead heat for the last paying place applies to the place part.
Worked example
5 each-way (10 in total) on a horse at 10/1 with place terms of 1/5 odds:
- Place odds: 10/1 × 1/5 = 2/1, or 3.00 in decimal
- If it wins: win part 5 × 11.00 = 55, place part 5 × 3.00 = 15, so returns are 70 and profit is 60
- If it places: place part 15 only, so returns are 15 and profit is 5
- If it loses: returns are 0 and you lose the 10 staked
The formula
Place odds (decimal) = 1 + (win odds − 1) × place fraction. Win part = stake × win odds. Place part = stake × place odds. For a dead heat, the stake on the affected part is divided by the number of runners tied. Total stake = 2 × stake per part.
Frequently asked questions
Is the stake for an each-way bet doubled?
Yes. An each-way bet is two bets of the same size: one to win and one to place. A 5 each-way bet costs 10 in total.
What do place terms like 1/4 or 1/5 mean?
They are the fraction of the win odds paid on the place part, and how many places count. At 1/5 odds for three places, a 10/1 winner pays 2/1 on the place part if it finishes first, second or third.
How does a dead heat affect an each-way bet?
When runners tie for a paying position, the stake on that part is divided by the number of runners sharing it. Two horses dead-heating for first means the win part is settled at half stake at full odds; the place part is usually paid in full.
Can an each-way bet lose money even if my selection places?
Yes. If the place odds are below evens (for example a 2/1 shot at 1/4 odds pays 1/2 on the place), a placed result returns less than the total stake. Each-way bets suit bigger prices more than favourites.