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Each way calculator
Calculated in your browser. Nothing you enter is stored or sent. Check your bookmaker's own rules, which can vary.
Key takeaways
- An each way stake is two equal stakes, one to win and one to place, so £5 each way costs £10 in total.
- Standard place terms are 1/4 the odds for two places with 5 to 7 runners and 1/5 the odds for three places with 8 or more.
- Handicaps of 12 to 15 runners pay 1/4 the odds for three places, and handicaps of 16 or more runners pay 1/4 the odds for four places.
- With fewer than 5 runners there are no places, so an each way stake is settled all to win, and £5 each way becomes £10 to win.
- Place terms are set by the number of runners that actually start, so a withdrawal can change the terms after the price was taken.
How does the each way calculator work?
The calculator splits your stake into a win part and a place part, sets the place terms from the race type and runners, works out the place odds as a fraction of the win odds and totals the return.
Enter the stake per part, the price, whether the race is a handicap, the number of runners and the finishing position. The calculator picks the standard terms, which you can override when a bookmaker offers extra places. Add a Rule 4 deduction if a horse was withdrawn. The result shows the total stake, the win and place returns, the total return and the profit or loss.
Everything runs in your browser, and nothing you type is stored or sent anywhere. Stakes can be entered in pounds and pence, and the calculator rounds only the final figures to the nearest penny, so the parts always add up to the total shown.
What are the standard each way place terms?
Under Rule 3 of the Tattersalls rules, races of 5 to 7 runners pay 1/4 the odds for two places, 8 or more pay 1/5 for three, and handicaps pay 1/4 for three places from 12 runners and four places from 16.
The terms are settled on the actual number of starters. A handicap with 11 runners pays the same as any other race of 8 or more, so the better handicap terms start at 12. Bookmakers can offer different terms if they display them, and some offer extra places on big races, so check the terms shown when the price is taken.
| Race and runners | Place odds | Places paid |
|---|---|---|
| Any race, 2 to 4 runners | Win only (all to win) | None |
| Any race, 5 to 7 runners | 1/4 the odds | 1st and 2nd |
| Non-handicap, 8 or more runners | 1/5 the odds | 1st, 2nd and 3rd |
| Handicap, 8 to 11 runners | 1/5 the odds | 1st, 2nd and 3rd |
| Handicap, 12 to 15 runners | 1/4 the odds | 1st, 2nd and 3rd |
| Handicap, 16 or more runners | 1/4 the odds | 1st, 2nd, 3rd and 4th |
How do you calculate an each way return?
Work out each part separately: the win part at the full price if the horse wins, and the place part at the place odds if it finishes in the places; a winner collects both parts.
£5 each way at 10/1 in a non-handicap of 10 runners costs £10. The place odds are 1/5 of 10/1, which is 2/1. If the horse wins, the win part returns £55 and the place part £15, a total of £70. If it finishes third, the win part loses and the place part returns £15, a profit of £5. If it finishes fourth, both parts lose.
At shorter prices the place part can return less than the total stake. £5 each way at 6/1 in a six-runner race finishing second returns £12.50 at 6/4 place odds, only £2.50 more than the £10 staked.
| Stake, price and race | Finish | Win part | Place part | Total return |
|---|---|---|---|---|
| £5 EW 10/1, 10 runners | 1st | £55.00 | £15.00 | £70.00 |
| £5 EW 10/1, 10 runners | 3rd | Lost | £15.00 | £15.00 |
| £10 EW 12/1, 16-runner handicap | 4th | Lost | £40.00 | £40.00 |
| £5 EW 6/1, 6 runners | 2nd | Lost | £12.50 | £12.50 |
| £5 EW 8/1, 14-runner handicap, 15p Rule 4 | 1st | £39.00 | £13.50 | £52.50 |
How does Rule 4 change an each way return?
A Rule 4 deduction reduces the winnings on both the win part and the place part by the same number of pence in the pound, while both stakes are returned in full on any part that wins.
£5 each way at 8/1 in a 14-runner handicap pays 1/4 the odds for three places, so the place odds are 2/1. A withdrawn 5/1 shot carries a 15p deduction. If the horse wins, the win part's £40 winnings fall to £34, returning £39, and the place part's £10 winnings fall to £8.50, returning £13.50. The total is £52.50 instead of £60.
A withdrawal can also move a race below a threshold. If a non-handicap drops from 8 runners to 7, the terms change from 1/5 for three places to 1/4 for two, because each way stakes are settled on the runners that start.
What mistakes do people make with each way stakes?
The most common mistakes are forgetting that each way doubles the total stake, assuming the terms stay fixed when runners are withdrawn, and expecting a place return on a short price to cover the whole stake.
Another is forgetting that fewer than 5 runners means all to win. £5 each way at 9/2 in a four-runner race is settled as £10 to win: it returns £55 if the horse wins, and nothing if it finishes second, however close. The same applies if withdrawals reduce a field to 4 runners after the stake was struck, because the terms follow the runners that start. The calculator switches to all to win automatically when you enter fewer than 5 runners.
- £5 each way is a £10 total stake
- Place odds are a fraction of the win odds, not a separate price
- Terms follow the number of runners that start
- Handicap terms improve at 12 and 16 runners
- Fewer than 5 runners means all to win
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Questions people ask
How much does £5 each way cost?
£5 each way costs £10, because it is £5 to win and £5 to place. The calculator asks for the stake per part and shows the total.
What are the place terms for an 8-runner race?
A race of 8 or more runners pays 1/5 the odds for the first three places under standard terms. A handicap only moves to 1/4 the odds for three places once it has 12 or more runners.
What does £5 each way at 10/1 return if the horse places?
With 1/5 odds a place the place part is at 2/1, so it returns £15 and the win part loses. That is a £5 profit on the £10 total stake.
What happens to an each way stake with only 4 runners?
With fewer than 5 runners there are no places, so the whole stake goes on to win. £5 each way becomes £10 to win.
Does the each way calculator store my stakes?
The calculator runs entirely in your browser and nothing you type is stored or sent. For multiples such as a Yankee or Lucky 15, members use the full Bet Calculator in the app.
Keep reading
Sources checked
Go deeper before the next race.
Open every racecard in full and get your research done before they go to post.
- 14racecard tabs per race
- 20+bookmaker prices side by side
- Trackeralerts when your horses are declared
30-day free trial
£0today
Start my 30-day free trialBy continuing you agree to our Terms and Intellectual Property and Acceptable Use policy.
£0 today. Card on step 2. £24.99 from day 31.Cancel any time.
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