Each Way Bet Calculator: Work Out Your Returns, Place Terms and Rule 4
An each-way bet is two equal bets, one on the win and one on the place, so the stake doubles. Enter the price, the stake per part and the place terms and the calculator shows what a win pays, what a place pays and the total staked, with Rule 4 and dead heats covered.
Updated
Each-way returnsEach-way calculator
Price, stake and place termsCalculate Single or each-way
Rule 4 and dead heat
- Total staked2 × £10.00, one on each part
- £20.00
- Returns if it comes firstBoth parts pay · £33.00 profit
- £53.00
- Returns if placed onlyPlaces 2 to 3 · place part only
- £15.50
Place part paid at 11/20 (1/5 of 11/4), 3 places.
Returns include the stake. Please gamble responsibly. GambleAware.org 18+
How do I work out each-way returns?
Enter the price and the stake for one part, pick Each-way, then choose the places paid and the place terms. The calculator shows the total staked, what comes back if the selection wins, and what comes back if it only places. With the defaults (11/4, £10 each-way, 1/5 terms, 3 places) you stake £20.00, get £53.00 back for a win (£33.00 profit) and £15.50 back for a place.
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The price can go in as fractional (11/4, evens), decimal (3.75) or American (+175). Every one of those spellings gives the same answer for the same price, so use whichever your betting slip shows. Stake is always the amount for one part, which is the figure most people mix up when they compare a slip with the result.
The place odds line under the results states how the place part was priced, for example "11/20 (1/5 of 11/4)". If a result looks wrong, that line is the first thing to check.
How do I use the each-way calculator step by step?
Six steps cover a normal bet. The Rule 4 and dead-heat fields can stay empty unless they apply.
- Type the price in the price box: 11/4, evens, 3.75 or +175.
- Enter the stake per part in pounds. £10 each-way means £10 on the win and £10 on the place.
- Set the bet type to Each-way. Choose Single to price the win part alone.
- Pick the places paid (2 to 8) and the place terms: 1/4, 1/5 or 1/6 of the odds.
- Open Rule 4 and dead heat only if a runner was withdrawn or the result was a dead heat, and fill in the deduction or the share.
- Read the three results: total staked, returns if it comes first, returns if placed only.
What is an each-way bet, and why does my stake double?
An each-way bet is two bets of equal size on one selection: a win bet and a place bet. The total stake is therefore twice the amount you type. £10 each-way costs £20, £2.50 each-way costs £5. That doubling is the answer to the question people ask most often when a slip shows a larger figure than they expected.
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The win part pays at the full odds only if the selection finishes first. The place part pays at a fraction of those odds if the selection finishes in one of the paid places, and that includes first. A winner therefore collects on both parts, a horse that places collects on the place part only, and anything outside the places loses both stakes.
The place terms and the number of places come from the bookmaker and are set for each race or event. They appear on the bet slip before you confirm, so enter what the slip says rather than a number from memory. Smaller fields pay fewer places, and big competitive fields usually pay more.
Which place terms should I enter: 1/4, 1/5 or 1/6?
The terms decide what fraction of the win odds the place part is paid at. This table runs the same bet (11/4, £10 each-way, 3 places) through the calculator with each setting.
| Place terms | Place part paid at | Returns if first | Returns if placed only |
|---|---|---|---|
| 1/4 | 11/16 | £54.38 | £16.88 |
| 1/5 | 11/20 | £53.00 | £15.50 |
| 1/6 | 11/24 | £52.08 | £14.58 |
Better terms pay more on both outcomes, but the gap is small at modest prices. It grows with the odds: at 20/1 on 1/4 terms the place part is paid at 5/1.
What do I get when it wins, places or loses?
Take the default bet: 11/4, £10 each-way, 1/5 terms. If it wins, the win part returns £37.50 (£27.50 profit plus your £10) and the place part returns £15.50 (£5.50 profit plus your £10). The total is £53.00, a £33.00 profit on £20.00 staked.
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If it places without winning, the win part loses its £10 and the place part still pays £15.50. That is £4.50 less than you staked, so a placed horse at 11/4 leaves you down on the bet as a whole. At longer prices the same result looks different: at 20/1 on 1/4 terms with four places, a placed-only bet returns £60.00 on £20.00 staked.
If it finishes outside the places, both stakes are lost. The calculator shows this as no return, so there is no separate line for it.
How does a Rule 4 deduction change each-way returns?
Rule 4 applies when a runner is withdrawn after you have placed your bet. The bookmaker takes a set number of pence off every £1 of your winnings, based on the price of the withdrawn runner. It comes off winnings only: your stakes are returned in full.
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In the calculator, type the deduction in pence in the pound (15 for 15p) in the Rule 4 field. The same 11/4 bet with a 15p deduction returns £48.05 if it wins (£28.05 profit) and £14.68 if it only places. Both parts are reduced, because Rule 4 applies to the win winnings and the place winnings alike.
The place odds line then says "before the Rule 4 deduction", since the 11/20 is the price before the cut. A second check: at 6/1 with a 20p deduction and 1/5 terms the bet returns £77.60 for a win and £19.60 for a place.
How are dead heats settled in an each-way bet?
In a dead heat two or more runners finish level, and the stake on your selection is divided by the number that tied. If two tie for first, half your win stake is paid at the full odds and the other half is lost. Three tied means a third of the stake pays.
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The calculator has two separate shares because a dead heat can hit either part. The dead-heat share of the win part covers a tie for first (1/2, 1/3, 2/3, 1/4 or 3/4). The share of the place part covers a tie for the last paid place. Leave both blank when there is no dead heat.
Example: 11/4, £10 each-way, 1/5 terms, 3 places, and a two-way dead heat for first. Enter 1/2 as the win share and the bet returns £34.25 instead of £53.00. The win part pays £18.75 on half the stake and the place part still pays £15.50. If the dead heat is for the last paid place instead, enter 1/2 as the place share: the place-only return drops from £15.50 to £7.75. The returns-if-first line does not change: a selection that dead-heats for the last place did not win, and a winner's place part is paid in full.
Can the calculator handle extra place offers?
Extra-place offers are promotions where a bookmaker pays more places than usual on a race or event, often at the standard fraction. The terms and the extra places are set by the offer, and the conditions differ between promotions, so read them before you bet.
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To model one, raise the places paid to match the offer and keep the fraction (1/4, 1/5 or 1/6) the offer states. Be aware of what the field does: the amount paid on the place part depends only on the odds fraction, while the places paid field sets which finishing positions the place part covers in the results. An extra place raises the chance that the place part pays, not the size of the payout.
Offers can also come with their own rules about price or Rule 4, which only the offer's own terms can settle. This page does not list or compare any offers.
Can I use it for each-way doubles, trebles and accumulators?
The each-way calculator prices one selection. An each-way multiple is built differently: an each-way double is two doubles, one on the win legs (both must win) and one on the place legs (both must place), so the stake is again twice the amount per part.
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For doubles, trebles and bigger combinations such as the Lucky 15, use the bet calculator, which has an each-way option and lays out the lines. A Lucky 15 each-way is 30 bets: 15 lines, each with a win part and a place part. The types of bets guide explains how those combinations are built.
When does each-way make sense mathematically?
The place part is a separate bet that pays at a fraction of the odds, so it breaks even when the selection places often enough. At 11/4 with 1/5 terms the place part pays 11/20, which is a break-even chance of about 64.5%. The win part at 11/4 needs about 26.7%. Each part has to earn its own stake.
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Longer prices change the picture. At 20/1 with 1/4 terms and four places, the place part pays 5/1, a break-even chance of about 16.7%, while the win part needs about 4.8%. Place chances matter more as odds lengthen, and the place part cushions a lot more when a long shot runs well without winning.
At short prices the place part is nearly dead weight. At evens with 1/5 terms the place part pays 1/5, so a place-only result returns £12.00 on £20.00 staked. Bookmakers build a margin into both parts, so each-way is a way to spread one selection over two outcomes. It does not make a bad price a good one.
Each-way calculator FAQ
Why does my total stake double when I choose each-way?
An each-way bet is a win bet and a place bet, each for the stake you enter. £10 each-way is £10 on the win and £10 on the place, so £20 in total. Switch the calculator to Single to price the win part alone.
What place terms fraction should I enter?
Enter the fraction shown on your betting slip for that race or event: 1/4, 1/5 or 1/6 of the odds. Terms are set per race by the bookmaker, so they can differ for the same selection with a different company.
What return do I receive if my selection places but does not win?
Only the place part pays. At 11/4 with £10 each-way, 1/5 terms and 3 places, that is £15.50: your £10 place stake back plus £5.50 profit. The £10 win stake is lost, so the bet as a whole returns £4.50 less than the £20 staked.
How does a Rule 4 deduction alter my returns?
Rule 4 takes a number of pence off each £1 of winnings when a runner is withdrawn, and it applies to both parts. A 15p deduction on the 11/4 example lowers the win return from £53.00 to £48.05 and the place-only return from £15.50 to £14.68.
How does the calculator resolve dead-heat place finishes?
Enter the share your selection gets in the dead-heat place field (1/2, 1/3, 2/3, 1/4 or 3/4). Only that share of the place stake is paid at the place odds and the rest is lost. With a 1/2 share on the 11/4 example, a place-only result returns £7.75.
Can it handle extra-place promotions?
Set the places paid to the number the offer gives and keep the fraction the offer states. The place part pays the same amount whether it finishes second or fourth, so extra places raise the chance of a payout, not its size.
Can I use it for each-way accumulators and multiples?
No, this tool prices a single selection. For each-way doubles, trebles, Lucky 15s and similar bets, use the bet calculator, which includes an each-way option.
Does it work with fractional, decimal and American odds?
Yes. Type 11/4, evens, 3.75 or +175 into the price box. The results are the same for the same price, so you can paste whatever format the slip uses. Our odds converter turns one format into another.
Does the calculator work out what a bookmaker will actually pay me?
It applies the standard each-way maths to the terms you enter. A bookmaker's own settlement rules, offer conditions or a limit on winnings can change the final figure, so treat the result as a check and the bookmaker's settlement as the final word.