This is our each way bet calculator UK punters can use to work out their win and place money on wagers for free. It’s quick and easy to use, and we’re sure you’ll just love it. Have a go with it and see for yourself!
If you don’t take a punt regularly on the leading betting sites in the UK, then you may not be familiar with the each way bet. Not to worry, as we explain it all right here in language you can understand. Just think of us as jargon busters.
For those looking for a deeper dive into each way betting, we’ve got a dedicated page on it. This wager is effectively two bets in one where the unit stake gambled doubles. There’s the straight up win part and the place part that pays at a set fraction of outright odds. We’ll have more on that and the terms offered later on.
By far most commonly associated with horse racing betting, but also available on other sports, our each way bet calculator does all the number crunching on profits and total returns for you. Highlighting these may help you understand the difference between betting on the same outcome as a straight win and what you can get from an each way bet on that eventuality.
We’ve designed a terrific tool that shows you what will happen in terms of a payout from the bookies in different scenarios. You can see the returns if your selection just runs into a place but also how much the win is worth. All the maths and calculations are done for you automatically in a couple of seconds.
It’s a piece of cake using our handy tool for working out what your each way bets are worth. Just follow these simple steps and you’ll soon get to grips with it:
You can do so much more than calculate each way singles with our neat tool. It’s possible to work out a whole range of different bet types that you might want to consider putting on this way. The Lucky 15 is a classic wager that many horse racing punters opt for, simply because it somewhat mitigates the risks attached to an accumulator. Let us explain this bet to you.
A Lucky 15 is a combination and system wager involving four picks put together as individual singles, six doubles, four trebles and a fourfold accumulator. Add those up, and you’ve got 15 bets. They all go on the same betslip. It’s not a stretch to imagine where the Lucky 15 got its name from.
While the unit stake on a win only wager of this kind multiplies by 15, if you go each way that outlay becomes doubled on top of that. That makes 30x a simple win single with an each way Lucky 15. It’s at this point where our free bet calculator becomes indispensable to punters as it automatically does all the maths for you.
As noted above, there are place terms set by bookmakers on all each way bets. With football outright markets, for instance, these are either half or a third of the outright odds for two places.
In the event that you’re betting on a division or competition’s top goalscorer, meanwhile, you may get a quarter of the price taken available on four places in pre-season or the early stages of the campaign. It’s more likely that you have bet on horse racing this way than football or another sport, though.
If you’re using an each way bet calculator on Grand National wagers, for example, then you’ll hopefully have taken extra places where offered by the bookies. When and where those are available is entirely at the discretion of the online bookmakers themselves.
There are industry standards for place terms based on the minimum number of runners and type of race that they must follow, however. The faction of outright odds will always be either a quarter or a fifth. The table below summarises Rule 3, which sets the following parameters:
|Number of Runners||Place Terms||Notes|
|1-4||None offered||Standard industry practice|
|5-7||1/4 for 2 places||Extra Places at bookmakers’ discretion|
|8 or more in conditions races||1/5 for 3 places||Extra Places at bookmakers’ discretion|
|12-15 in handicap races||1/4 for 3 places||Extra Places at bookmakers’ discretion|
|16 or more in handicap races||1/4 for 4 places||Extra Places at bookmakers’ discretion|
|Additional places||1/5 for 5, 6 places, etc||At bookmakers’ discretion|
Remember that the unit stake will double on our each way bet calculator to cover both the win and place parts. This tool can also be used to work out singles and multiples as well with functions available on all of the following:
The win part of an each way bet is settled at the outright odds taken, minus any deduction. On top of that, however, there is also the place part of the wager to consider. This settles at a fraction of the outright price, typically a quarter or fifth on horse racing events.
Placing an each way bet mitigates the potential loss of just backing an outcome to win. You can still make a profit just from the place part, which is a great incentive to do it.
This is relative to external factors like the type of event you’re betting on and the number of runners or possible outcomes. Many bookies offer Extra Place races on horse racing that pay above and beyond industry standard terms.
If there’s one negative with betting each way, then it’s the fact that the place terms at which wagers are struck aren’t set in stone. In the event of non-runners in a horse race, these may be reduced to offer fewer places or none at all if there are four or fewer contesting races.
The number of entrants is the main factor in determining the number of places that bookmakers pay out on. If there are five, six or seven runners, then you’ll get two places: first and second. Should there be eight or more, then you’re guaranteed a minimum of three places.
Horse racing is obviously the most popular sport that punters use our each way bet calculator in the UK for. It may also be available on outright football, tennis and cricket markets, among other sports for tournaments and competitions.