Each Way Bet Calculator
An Each Way Bet is made up of two separate bets, a Single and a Place. A £1 each way bet will cost £2. The bet calculator has the each-way option enabled. You can then pick No. of selections, stake, betting odds, if they Won, Placed, Dead Heat, Lost or Non-Runner, and the terms from the drop-down menus.
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Where can I place an each way bet?
You can place each way bets on most events that have more runners, participants. e.g the Grand National will pay 8 places
- Live Streaming
- Parlay Bonus
- ITV Racing 4/1 Offer
How does Each Way betting work?
Ensure you tick the E/W box underneath your selection on the bet slip on the bookmaker’s website.
An Each Way bet is simply two bets on a single selection. One section of the bet is for a win, the other section is for the bet to be placed; placed is to come between 2nd, 3rd or 4th. So if your selection wins, you’ll be paid for both parts of the bet, but if it’s placed, then you’ll only be paid for the place bet. Each-Way terms vary but quite often they are 1/3, 1/4, or 1/5 the odds.
What are Each Way Bet Way Place Terms
Place terms are the odds you get for the place element of your wager, whether it’s an each-way bet or a to be placed bet. The pay-out of your wager is determined by place terms.
You’ll win your bet if you put an EW (1/5 of the odds, 3 places) bet and your horse finishes in the top three. Your placing wager will be paid out at 1/5th of the odds you chose for that horse.
If the horse comes in first, you’ll be paid on both the Win and Place parts of your wager.
If your horse came in second or third, you’ll only get paid on the place section of your wager; the win portion will be a loser.
The terms of the place and the number of places paid are usually determined by the number of runners in the race.
How do you calculate an Each Way Bet?
To put it into practice, a £10 Each Way Bet totals £20. If your selection wins at odds of 8/1 your paid out £8 for every pound you spend plus your initial stake of £10 for the win part of the bet. So that’s £90 just for winning.
The second part of the bet also has some winnings. If each way odds are ¼ that means you’ll be paid ¼ of 8/1 for the place part of the bet which is 2/1 for your £10 stake for a place that returns another £30. Totalling £120. If your selection was placed, you’d only be entitled to £30 in total just for the place part of your bet as the win section had lost.
How many selections are in an each way bet?
Any number of selections can be placed as each way bets
What is an Each Way Bet in Football?
It does not really work for football betting
What is an Each Way bet in Horse Racing?
It’s a great option in Horse Racing as you can still make a good profit if a decent-priced horse finishes as a place rather than a win.
When should I place an each way bet?
- Handicaps of 16 or more runners: 1/4 win odds on first four places
- Handicaps of 12 to 15 runners: 1/4 win odds on first three places
- All other races of 8 or more runners: 1/5 win odds on first three places
- All races of 5 to 7 runners: 1/4 win odds on first two places
- All races of fewer than 5 runners: win only
What are the drawbacks of placing an each-way bet?
If you bet each way on every selection you make, you will lose money in some instances, even if you have been successful and selected something that has won for you. What is an Each Way bet?