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Free each way calculator
An each way bet is two bets of the same stake: one to win at the full price and one to place at a fraction of it (1 + (price - 1) x fraction, for terms like 1/4 or 1/5). If it wins both pay, if it only places the place bet pays, otherwise both lose. Enter your stake and terms below.
Each way calculator
An each way bet is two bets, so the total is double
Place terms
Total stake
$20.00
Place price
2.00
If it wins
+$50.00
If it places
$0.00
If unplaced
-$20.00
Total staked is $20.00. The place part is paid at 2.00. If it only places, the place part pays $20.00 and the win part is lost. Dead heats and Rule 4 deductions are not included.
18+. Arithmetic on the prices you enter, not a tip or a prediction. Prices can move, and bets can be limited or voided, before both are placed. Gambling Help Online: 1800 858 858.
The live version
The odds screen compares win and place prices across bookmakers for racing, so the terms and the prices can be compared before you bet.
Worked example. $10 each way at 5.00 for 1/4 the odds is a $20.00 bet and a place price of 2.00. If it wins you collect $70.00: +$50.00. If it only places the place part returns $20.00: $0.00. Unplaced it is -$20.00.
What it assumes. That the place terms are the ones your bookmaker shows, and that you know how many places pay. Dead heats and Rule 4 deductions (for withdrawn runners) change the payout and are not modelled. If your bookmaker shows a place price, choose Place price and enter it directly.
18+. These calculators do arithmetic on the numbers you enter; they are not tips or predictions. Gambling can be harmful. For free, confidential help call Gambling Help Online on 1800 858 858 or visit our responsible gambling page.
Two bets in one: one on the selection to win and one on it to place. The total stake is double the amount shown for each part.
The place part pays at a quarter, or a fifth, of the win odds. At 5.00 (4/1) a quarter of the odds is 1/1, so the place price is 2.00.
It depends on how likely the selection is to place compared with the place price on offer. A longer price with more places and generous terms makes the place part better value, but check both parts: the place part has its own margin.
It depends on the number of runners and the bookmaker's rules for the race, so check the terms for each race. The calculator takes the place terms you give it and does not look them up.
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