Each Way Bet Calculator
Calculate Your Each Way Bet Returns
The Each Way Bet Calculator is the perfect tool for calculating potential returns and profit from your each-way bets.
Designed to handle both the win and place components of this popular bet type, the calculator simplifies complex calculations and ensures accuracy.
With support for various odds formats, Rule 4 deductions and place terms, this tool is ideal for bettors at any level.
What Is An Each Way Bet?
An each-way bet is a two-part wager that covers both a selection to win and to place.
The total stake is divided equally between the two parts:
- Win Bet: The stake is on the selection to win outright.
- Place Bet: The stake is on the selection to finish in a designated place, such as top three or top four, depending on the event’s place terms.
If your selection wins, both parts of the bet pay out.
If your selection places but does not win, only the place portion pays out.
Why Use An Each Way Bet Calculator?
Each-way bets can involve detailed calculations, especially when accounting for Rule 4 deductions, place terms or specific outcomes like dead heats.
The Each Way Bet Calculator simplifies this process by:
- Handling both win and place components: Automatically calculates returns and profit for each part of the bet.
- Providing customisation: Includes options for Rule 4 deductions, different place terms and popular odds formats (Decimal, Fractional, or American).
- Ensuring accuracy: Saves time and eliminates errors so you can focus on your betting strategy.
How To Use The Each Way Bet Calculator
Follow these step-by-step instructions to calculate your each-way bets:
1. Choose Your Odds Format:
Begin by selecting your preferred odds format:
- Decimal (e.g., 6.00)
- Fractional (e.g., 5/1)
- American (e.g., +500)
2. Indicate Each-Way Bet:
Specify whether your double bet includes each-way bets by selecting "Yes" or "No".
Each-way bets double your stake, covering both the win and place outcomes.
3. Apply Rule 4 (If Applicable):
If Rule 4 deductions apply (due to non-runners or other reductions in odds), choose "Yes" to include these adjustments in the calculation.
4. Input Betting Odds for Your Selection:
Enter the odds for your bet selection.
5. Enter Place Terms for Each-Way Bet:
Input the place terms for your bet (e.g., 1/4 odds or 1/5 odds).
These terms define the payout for the place portion of the bet and can be found at the bookmaker you are placing your bet with.
6. Select the Outcome of the Bet:
Choose the outcome of your selection:
- Winner: The selection wins outright.
- Place: The selection places but does not win.
- Loss: The selection does not win or place.
- Void: The selection is void, often due to non-runners or event cancellations.
- Dead Heat: The selection ties with others in the event.
7. Enter Your Stake Amount and Type:
Input your stake and specify the stake type:
- Stake per Bet: The amount staked on each selection.
- Total Combined Stake: The total amount wagered across both selections.
8. Review the Outputs:
Once all the details are entered, the calculator will instantly provide the following results:
- Total Outlay: The total amount of money staked, including each-way bets if applicable.
- Total Return: The total payout based on your inputs, including bonuses and Rule 4 adjustments.
- Total Profit: The net profit after deducting your total outlay from the total return.
What Makes This Calculator Handy?
The Each Way Bet Calculator simplifies this multi-part bet type by:
- Supporting advanced features like Rule 4 deductions, void selections, and dead heats.
- Allowing flexibility with different place terms and odds formats.
- Offering a user-friendly experience for both novice and experienced bettors.
Streamline your each-way bets with this calculator and get clear, accurate results every time.