Each way calculator
Enter your stake, odds and place terms to see what an each-way bet returns if it wins, places, dead heats or is a non-runner, with Rule 4 deductions. Works for racing, golf and any each-way market.
£10.00 each way at 8/1 (1/5 odds, 3 places) costs £20.00. If it wins you get £116.00 back; if it places, £26.00.
Not sure of the terms? Work them out from the field size
Standard UK terms: 2 to 4 runners win only; 5 to 7 runners 1/4 odds, 2 places; 8 or more 1/5 odds, 3 places; handicaps of 12 to 15 runners 1/4 odds, 3 places; handicaps of 16 or more 1/4 odds, 4 places. Your bookmaker may offer better terms, so check the bet slip.
Your bet
- Win part
- £90.00
- Place part
- £26.00
- Win part: £10.00 settled at 9.00 = £90.00.
- Place part: 1/5 of the odds gives 2.60 (decimal). £10.00 settled at 2.60 = £26.00.
Every result at a glance
| Result | Win part | Place part | Return | Profit |
|---|---|---|---|---|
| Wins | £90.00 | £26.00 | £116.00 | +£96.00 |
| Finishes 2nd to 3rd | £0.00 | £26.00 | £26.00 | +£6.00 |
| Unplaced | £0.00 | £0.00 | £0.00 | −£20.00 |
| Non-runner | £10.00 | £10.00 | £20.00 | +£0.00 |
Includes any Rule 4 deduction entered above. For a dead heat, pick Dead heat as the result.
18+. Bet responsibly: each way doubles your stake, and the place part at short prices can return less than you staked. Help and tools on our responsible gambling page.
How an each-way bet is settled
An each-way bet is two equal bets: one to win and one to place. The place part pays a fraction of the odds, set by the place terms on your bet slip, for finishing in any of the paid places. A winner collects on both parts, a placed finish collects on the place part only.
- Total stake = stake per part × 2
- Win part = stake × decimal odds, if it wins
- Place part = stake × (1 + fractional odds × place fraction), if it wins or places
Worked example: £10 each way at 8/1
Place terms are 1/5 odds, 3 places. The bet costs £20.
- Wins: win part £10 × 9.0 = £90, place part £10 × 2.6 = £26. Total £116, profit £96.
- Places 2nd or 3rd: win part loses, place part pays £26, profit £6.
- Unplaced: both parts lose, a £20 loss.
At short prices the place part can pay back less than the whole stake. £10 each way at 2/1 with 1/5 odds pays £14 on the place part, so a placed finish returns £14 from £20 staked. The calculator shows this for any price, and the guide to bookmaker margin explains how the win and place prices relate to the real chances.
Standard UK place terms
| Race | Runners | Terms |
|---|---|---|
| Any | 2 to 4 | Win only |
| Any | 5 to 7 | 1/4 odds, 2 places |
| Non-handicap | 8 or more | 1/5 odds, 3 places |
| Handicap | 8 to 11 | 1/5 odds, 3 places |
| Handicap | 12 to 15 | 1/4 odds, 3 places |
| Handicap | 16 or more | 1/4 odds, 4 places |
Terms are fixed by the number of runners that start, so non-runners can change them. Many bookmakers offer extra places on big races, and golf each-way terms vary by tournament. The terms on your bet slip are the ones that count.
Rule 4 and dead heats
A Rule 4 deduction comes off the winnings on both parts when another runner is withdrawn after you bet. The Rule 4 deduction calculator works out the pence from the non-runner’s price. A dead heat divides the stake on each affected part by the number of runners tied, then multiplies it by the paid places they share. Pick Dead heat as the result to settle a tie for any position, including a tie for the last paid place. Golf top-finish ties work the same way, and the golf dead heat calculator handles Top 5, 10 and 20 markets.
Related tools and guides
- Accumulator calculator, each-way doubles, trebles and accas with Rule 4 and dead heats.
- Lucky 15 calculator, 15 bets across 4 selections, each way or win only.
- Yankee calculator, 11 bets across 4 selections, no singles.
- Each-way bets explained, the plain-English guide.
- The maths behind each-way value, when the place part is worth having.
- Horse racing betting, racing tools and guides in one place.