Each-Way Bet Calculator
Calculate the return on an each-way bet from the odds, the place terms and where your selection finished.
Odds are entered in decimal format. Use the odds converter for American or fractional prices. Results are estimates for planning, not advice.
How it works
An each-way bet is two bets of equal size: one on your selection to win and one on it to place. The place part pays a fraction of the win odds, set by the place terms. If it wins, both parts pay; if it only places, you lose the win part and collect the place part.
Worked example
10 each way (20 in total) at 8/1 with 1/5 place terms. If the horse is placed, the place part returns 10 × (1 + 8 × 0.2) = 26, a profit of 6. If it wins, you also collect 90 on the win part: 116 back in total.
Check the terms
How many places are paid and at what fraction depends on the race type and number of runners, and bookmakers often add extra places as a promotion at shorter fractions. A non-runner can change the terms after you bet. The racecard or bet slip always shows what applies.