Each way Bet Calculator

An Each Way bet is fundamentally two distinct wagers placed on a single selection: one for it to "Win" (finish first) and another for it to "Place" (finish within a specified number of top positions). This dual structure always doubles the stake of a simple win bet, for example, a £10 Each Way bet costs £20. It's particularly favoured in horse racing and golf, especially for selections with longer odds or in large fields, as securing a place can still yield a worthwhile return. An Each Way Return Calculator proves invaluable for managing these two potential outcomes.

Understanding an Each Way bet involves grasping two key elements: the win odds and the place terms. The "win odds" are standard for your selection to finish first. "Place odds" are a fraction of the win odds (e.g., 1/4 or 1/5), determined by the bookmaker based on the event and participants. You win the "win" part if your selection wins outright, and the "place" part if it finishes within the specified place positions. If your selection wins, both the "win" and "place" parts of your bet pay out. For instance, a 10/1 horse with "1/4 odds, 1-2-3 places" has place odds of 2.5/1; if it finishes 1st, 2nd, or 3rd, the place part wins, and if it's 1st, both parts win.