Each-Way Calculator
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Work out exactly what an each-way bet returns. Enter your unit stake, the win odds and the place terms — the calculator shows your total stake (it's two bets) and what you get back if your selection wins, only places, or does neither.
Enter your stake, odds and place terms to see the returns.
How an each-way bet works
An each-way bet is two equal bets: one on your selection to win, and one on it to place (finish in the paid positions). So a $10 each-way bet stakes $20 total. The place part pays at a fraction of the win odds — the "place terms".
Place return = stake × (1 + (win odds − 1) × place fraction).
Example: $10 each way on a horse at 11.00 (10/1) with 1/5 place terms. Total staked $20. If it wins, you get $110 (win part) + $30 (place part) = $140. If it only places, just the $30 place part pays — a $10 profit on your $20. If it does neither, you lose $20.
When is each-way worth it?
Each-way shines on big fields with generous place terms, where the place part has real value. On short-priced favourites it's usually poor value — the place return barely beats your stake. Read the full picture in our each-way betting guide, and use the Odds Converter if your odds are in fractional or American format.
Calculations are exact from the numbers you enter. This tool assumes standard each-way rules (win and place parts of equal stake) and ignores any dead-heat reductions or Rule 4 deductions.
Related guides & tools
- Each-way betting explained — when the place part is worth the extra stake.
- How betting odds work — reading price and return.
- Odds Converter — fractional ⇄ decimal ⇄ American.
- Parlay / Accumulator calculator — combine multiple selections.