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Each way betting is one of the best-known styles of wagering around. Some less experienced will not be familiar with how a wager is worked out so try each way calculator, one of the many betting calculators we have on offer.
Find here all latest Horse Racing Special Offers which you will be able to use on future events like Cheltenham Festival and the Grand National.
How Winnings Are Calculated In An Each Way Bet
Use our each-way calculator to instantly work out the potential winnings of your bet. When you bet each way, you effectively have two bets. One bet is on the selection to win, while the other bet is on the selection to place. Be sure to check with your chosen bookmaker to see how many places they will pay to, as some can vary on this front.
In the example below, you can see how to calculate your expected winnings using our each way bet calculator. Here, we’re looking to place a £5 each way bet – so a total combined stake of £10 – at odds of 5/1 and with each way terms of 1/5.
In this case, you can see your total bet outlay is £10, and your total return is £40, leaving you with a healthy profit of £30.
For bets with different odds, place terms or stakes, simply update the relevant field in the each way bet calculator and the return and profit figures will automatically update.
How to Use the Each Way Bet Calculator
- First, you have to enter the bet type and also add in how many selections are in your each way bet.
- Once you have done this, you enter in the stake and the odds format
- After that, you need to enter in the odds for your selections, as well as the place odds being offered
- Once you have done this, the each way calculator will reveal the total stake, total return and total profit. The calculator we provide will do this for you pretty much instantly.
For much more information about how each way bets work, see our guide to each way betting.
Best Betting Sites for Extra Place Offers
The best betting sites regularly run “Extra Place” promotions. Instead of paying out on the standard top three finishers, betting sites will frequently pay out on four, five, or sometimes even six places for major events like the Grand National or Cheltenham Festival. Securing an extra place increases your chances of seeing a return on the “Place” portion of your bet.
Currently, Sky Bet and Paddy Power are leading to way when it comes to Each Way betting, offering extra places on multiple races every single day. bet365 is also a superb choice for Each Way bettors, offering a fantastic “Each Way Extra” feature that allows you to increase or decrease the number of places in a race in exchange for altered odds. Whenever you take advantage of an extra place offer, simply adjust the “Places Offered” drop-down in our calculator above to accurately predict your potential returns.
More reading
- Lucky 31 explained – Find out all there is to know about the Lucky 31 bet.
- Lucky 15 calculator – Enter the details of your Lucky 15 bet and find out your potential return.
- bet365 bonus code – All the latest bonus codes from bet365.
- What is an each way bet? – Find out what an each way bet is, and all you need to know about this type of bet.
FAQ about the Each Way Calculator
After entering your stake, bet type and odds of each selection, our helpful tool will calculate how much you could win on a successful bet.
The win part of an each way bet will pay out as any other bet. However, the place part of an each way bet can be calculated by multiplying the stake by the place odds for the selection you’ve made on your chosen betting site.
That will vary. The number of places that pay in an each way bet usually depends on the number of runners taking part in the event. Typically, most bookmakers will pay 2 places in a race of 7 runners and 3 places with 11 runners. This will vary depending on the bookmakers as well as the event itself. Many sites will pay to more places for special events so be sure to research first.
Using an Each Way Bet calculator allows you to instantly and accurately work out the returns on your each way bet. Its main advantage is giving accurate information quickly and saving you some time.
Due to the particular nature of Each Way betting, it is usually done on Horse Racing. Many other sports offer each way betting such as golf, football and Formula 1 and they will offer it for specific events, specials or competitions.