Each Way Calculator
An each way bet is two bets of equal stake — one on your selection to win, one on it to place — so £5 each way costs £10. Enter the odds, the place terms from your bet slip and the result below to see the total return and profit. If your bet was hit by a Rule 4 deduction or a dead heat, enter that too.
Rule 4 and dead heats are applied only when you enter them. Each way terms and settlement rules vary by bookmaker, so check your bet slip; the bookmaker’s settlement is final.
How an each way bet works
An each way bet is two bets of the same stake on the same selection:
- Win part — pays at the full odds if the selection wins.
- Place part — pays at a fraction of the odds if the selection wins or finishes in one of the places the bookmaker pays.
Because there are two bets, the total stake doubles: £5 each way costs £10. If the selection wins, both parts pay; if it only places, the place part pays and the win part loses; otherwise both lose. Each way multiples work the same way — an each way double is a win double plus a place double.
Each way terms and place fractions
Each way terms have two parts: the fraction of the odds paid on the place part (for example 1/4 or 1/5) and the number of places paid (for example the first three). The bookmaker sets the terms for each race or event, and they can differ between bookmakers for the same race. You will find them next to the race and on your bet slip.
In the calculator, choose the matching fraction under Place terms, and set the result to Placed if your selection finished in the paid places without winning.
How to calculate an each way bet by hand
An illustration, not a tip: £5 each way (£10 in total) at 10/1, with each way terms of 1/4 odds.
- Convert the odds to decimal: 10/1 is 11.0.
- Work out the place odds: 1 + (11.0 − 1) × 1/4 = 3.5.
- Multiply each part that pays by its £5 stake, then add them up.
| Result | Win part | Place part | Total return | Against the £10 stake |
|---|---|---|---|---|
| Wins | £5 × 11.0 = £55 | £5 × 3.5 = £17.50 | £72.50 | £62.50 profit |
| Places, does not win | Loses | £5 × 3.5 = £17.50 | £17.50 | £7.50 profit |
| Unplaced | Loses | Loses | £0 | £10 loss |
A placed-only result returns less than the total stake whenever the place odds are below 2.0 — with 1/4 terms, at any price shorter than 4/1; with 1/5 terms, at any price shorter than 5/1.
Rule 4 deductions
When a runner is withdrawn after you have taken a price, too late for a new market to be formed, the bookmaker may apply a Rule 4 deduction: the remaining runners now have a better chance than when you bet. Rule 4 is mostly seen in horse racing.
- The deduction is quoted in pence in the £ and depends on the price of the withdrawn runner. The figure for your bet is on your bet slip or settlement.
- It comes off your winnings only, on both the win and the place part: winnings × (100 − deduction) ÷ 100. Your stake is not reduced.
- Whether a deduction applies to your bet — for example, a bet at the starting price — depends on your bookmaker’s rules.
In the calculator, enter the deduction in the Rule 4 box for that selection.
Dead heats
A dead heat is when two or more runners finish level. The stake on the part of the bet affected is divided by the number of runners tied and paid at full odds; the rest of that stake is lost.
- Tie for first: the win part is split. The place part is normally paid in full, because the tied runners are all in the places.
- Tie for the last place paid: the place part is split.
In the worked example above, a two-way dead heat for first would halve the win part — £2.50 at 10/1 returns £27.50 — while the place part still returns £17.50. Enter the number of runners tied in the calculator: on a Won selection it splits the win part, on a Placed selection the place part. A tie that covers two or more paid places but has more runners than those places (for example three runners tied for second when three places are paid, usually settled at 2/3 of the place stake) is settled differently and is not modelled here, so check your bookmaker’s rules.
Other calculators
- Bet calculator — singles, accumulators and full-cover bets, win only or each way.
- Lucky 15 calculator — all 15 bets on four selections.
- Odds converter — fractional, decimal and American odds and implied probability.
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Frequently asked questions
What is EW betting?
EW is short for each way: two bets of the same stake on one selection, one for it to win and one for it to place — finish in the places the bookmaker pays, such as the first three. A £5 each way bet is two £5 bets, so it costs £10.
How does an each way bet work?
Your bet is split into a win part and a place part of equal stake. If the selection wins, both parts pay: the win part at the full odds and the place part at a fraction of them. If it only places, the win part loses and the place part pays. If it finishes outside the places, both parts lose.
What are each way odds?
Each way odds are the odds paid on the place part: a fraction of the win odds, such as 1/4 or 1/5, set by the bookmaker for each race together with the number of places paid. At 1/4 odds, the place part of a 10/1 selection is paid at 10/4 (3.5 in decimal).
How do I calculate an each way bet?
Work out the two parts separately. Win part, if the selection wins: stake × decimal odds. Place part, if it wins or places: stake × (1 + (decimal odds − 1) × place fraction). Add up the parts that pay and compare the total with your total stake, which is twice the stake per part.
How much does a £5 each way bet cost?
£10: £5 on the win and £5 on the place. The doubling applies to each way multiples too, so a £1 each way Lucky 15 is 30 bets and costs £30.
What happens to an each way bet if there is a non-runner?
If your own selection is a non-runner, the bet is usually void and both stakes are returned — set its result to Void. If another runner is withdrawn after you took a price, a Rule 4 deduction may come off your winnings, and the number of places paid can change. Check your bookmaker’s rules.