Are you wondering whether an each-way bet is worth it?
Use our Each Way Bet calculator to work out your potential winnings; you can calculate your returns within minutes by simply inputting your odds and picks.
Enter your each-way selections below for more details on how much you could win.
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Why Use an Each Way Bet Calculator?
An Each Way Bet calculator simplifies accurate calculations of complex returns. This betting tool aids bettors in making strategic decisions by factoring both ‘win’ and ‘place’ parts.
Rather than manually calculating your each-way betting odds and potential wins, you can ensure a quick and accurate calculation using the bet calculator.
What is an Each Way Bet?
An each-way bet is two separate bets, one on the selection to win and the other on it to place.
Each-way bets offer risk management; if your selection misses out on a win, you will still get returns if it places.
A horse places if they finish second, third or fourth, but this depends on how many runners are in the race.
How to Use Each Way Bet Calculator
Use the Each Way Bet Calculator with our five easy steps:
- Select the dropdown and choose your Bet Type
- Enter the Each Way selection
- Input all the odds from your picks
- Enter the stake
- Your winnings will be calculated
How Do You Calculate Each Way?
Each Way Bets are calculated by considering both the ‘win’ and ‘place’ parts. The total stake is split between these parts, and returns are calculated separately for each part based on the selection’s outcome.
An Each Way bet differs depending on the number of runners in a race; the more runners there are, the more places an Each Way selection covers.
The more runners in a race, the more places an each-way bet will cover. When betting each way, you are betting on two outcomes: your horse to win and your horse to place.
If there are four places in a horse racing event with the betting odds of 1/5 and original odds of 10/1, you will get 4.00. This means a £10 each way bet would pay £40.
How Many Bets Need to Win for a Return on an Each Way Bet?
For a return on an Each Way Bet, success in either part of the bet is required.
Winning the event secures payouts for both ‘win’ and ‘place’ bets. Alternatively, placing within specified positions ensures a return on the ‘place’ bet.
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All Betting Calculators
We have created a free bet calculator for every type of bet you can place on horse racing.
Here is the full list of horse racing betting calculators:
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