Each way bet calculator.
An each-way bet is two bets in one: half your stake on the win, half on the place. Enter your odds, the place terms and your stake, and this free each-way calculator shows what you get back if your selection wins and if it only places, plus your profit either way. It is the staple bet of horse racing and golf. The guide below also shows the one thing punters miss: the minimum odds an each-way bet needs to be worth it.
Work out an each-way bet
LiveStake is per part, so a 5 each-way bet costs 10 in total (5 on the win, 5 on the place).
Profit if it wins
60.00
total return if it wins 70.00
If it wins you collect both parts; if it only places you collect the place part and lose the win part. Calculations run in your browser; nothing is stored. For entertainment, not betting advice.
The short answer
What is an each-way bet?
An each-way bet is really two bets of equal stake: a win bet, which pays if your selection wins, and a place bet, which pays if it finishes in the places (usually the top few). Your stake is doubled to cover both. If your selection wins you collect both parts; if it only places you collect just the place part. It is most common in horse racing and golf.
How to use this calculator
Enter the win odds, choose the place terms (a fraction of the win odds, like 1/4 or 1/5), and set your each-way stake. Remember the total cost is double your stake, because it funds both the win and the place parts. The calculator shows your return and profit if the selection wins, and if it only places.
A 5 each-way bet at 10/1 with 1/5 place terms costs 10 in total. If it wins, you get 70 back for a 60 profit. If it only places, you get 15 back, a 5 profit. If it does neither, you lose the 10.
The math
How each-way returns are calculated.
The win part is straightforward. The place part pays at a fraction of the win odds, so it is worth working through once.
Double your stake. A 5 each-way bet costs 10: 5 on the win part and 5 on the place part.
The win part pays at the full odds. At 10/1, the 5 win part returns 55 (50 profit plus the 5 stake) if your selection wins.
The place part pays at a fraction of the odds. With 1/5 terms, 10/1 becomes 2/1 for the place, so the 5 place part returns 15 (10 profit plus the 5 stake) if your selection wins or places.
Add them up by outcome. Wins: 55 plus 15 is 70, a 60 profit. Places only: just the 15, a 5 profit. Neither: you lose the 10.
The places
How many places does each-way pay?
The number of places and the fraction depend on the size of the field. These are the common standards; bookmakers vary them and run extra-place offers, so always check your slip.
| Runners | Places paid | Place terms |
|---|---|---|
| 2 to 4 | Win only | No place |
| 5 to 7 | 2 | 1/4 odds |
| 8 or more | 3 | 1/5 odds |
| 12 to 15 handicaps | 3 | 1/4 odds |
| 16 or more handicaps | 4 | 1/4 odds |
The part punters miss
When is an each-way bet worth it?
The place part only returns more than it costs above a certain price. Below it, a selection that places still loses you money. The rule is simple: your win odds need to be at least the place denominator to one.
| Place terms | Min win odds for the place to profit |
|---|---|
| 1/2 odds | 2/1 |
| 1/3 odds | 3/1 |
| 1/4 odds | 4/1 |
| 1/5 odds | 5/1 |
| 1/8 odds | 8/1 |
Example: a 4/1 selection with 1/5 place terms. If it only places, the place part returns less than your total outlay, so you lose despite “placing”. Each-way earns its keep on bigger prices, which is exactly why it suits longer-odds horses and outsiders in golf.
More than one pick
Each-way doubles and multiples.
You can run each-way across several selections too: an each-way double, treble or accumulator. Every selection must at least place for the place part to return, and all must win for the win part.
An each-way multiple still doubles your stake and still splits into a win multiple and a place multiple. The place multiple uses each leg’s reduced place odds multiplied together, so the place return is far smaller than the headline win figure. This page works out a single each-way bet; for a straight win accumulator, use the accumulator approach of multiplying the full odds.
Before you bet
An honest word on each-way.
Each-way is a sensible way to back a longer-odds runner, because you still get something back if it just misses out. But the place part is poor value at short prices, and doubling your stake means a losing day costs twice as much. It is a tool, not an edge.
Use this calculator to check the place part is worth it before you bet, and stick to prices where the each-way actually pays. Bet only what you can afford to lose, and if it stops being fun, free confidential help is at BeGambleAware.org.
Questions
Each-way questions.
What is an each-way bet?
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An each-way bet is two equal bets in one: a win bet and a place bet. Your stake is doubled to cover both. If your selection wins, both parts pay; if it only places, just the place part pays. It is most common in horse racing and golf.
How are each-way bets calculated?
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The win part pays at full odds; the place part pays at a fraction of the odds, often 1/4 or 1/5. A 5 each-way bet at 10/1 with 1/5 terms costs 10. If it wins you get 70 back; if it only places you get 15 back. Subtract the 10 outlay for your profit.
How many places does an each-way bet pay?
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It depends on the field size. Typically 5 to 7 runners pay 2 places at 1/4 odds, 8 or more pay 3 places at 1/5, and big handicaps pay 4 places at 1/4. Fields of 4 or fewer are win only. Bookmakers vary these and run extra-place offers.
When is an each-way bet worth it?
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The place part only profits above a minimum price: your win odds need to be at least the place denominator to one. With 1/5 terms you need 5/1 or bigger; with 1/4 terms, 4/1 or bigger. Below that, a selection that only places still loses you money.
What is the difference between each-way and win-only?
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A win-only bet pays only if your selection wins. An each-way bet adds a second, separate place bet, so you still get a return if it finishes in the places. The trade-off is that an each-way bet costs twice as much, because you are funding two bets.
What is an each-way double?
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An each-way double applies each-way to two selections. Both must win for the win part to pay, and both must at least place for the place part to pay. The stake is still doubled, and the place return uses each leg’s reduced place odds multiplied together.
Does an each-way bet pay if my selection wins?
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Yes. If your selection wins, both parts of the bet pay: the win part at full odds and the place part at the reduced place odds. A win always counts as a place too, so you collect the maximum return.
About the developer
Jean Borg
Jean builds and maintains every calculator on freecalculators.pro from Malta, with a focus on tools that are fast, free and show their working. This each-way calculator uses standard win-and-place maths and the figures are verified for accuracy. It is provided for education and entertainment, not as betting advice. Please bet responsibly. Page last updated June 2026.