Each way bets can sometimes be complicated, especially when it comes to figuring out how to place them and what you stand to gain if the bet wins. If you wish to know how much money you can win from your bet, feel free to use our each way bet calculator to see what you should expect.
What Is an Each Way Bet?
Each way bet consists of two parts, two separate bets. You don’t necessarily need both parts of your bet to win, so you would win, but it would give a better payout if they did. One part of the bet is the Winner bet, and the other is the Placed bet.
Winner bet allows you to predict the winner of the event (a match, a race, etc.), and the Place bet means that the said winner will be placed in one of the top two places, or top three, or four, depending on the bet you make.
If both bets win, you are in for the full payout. If only one of them wins, then you get a partial payout, with the Place bet usually giving a smaller potential return as the odds for this bet are typically lower. You should note that each way bet doubles your stake as you essentially make two bets in one.
Each way bet is particularly convenient for huge horse racing events where you want to bet on a horse to win, but as there is a lot of uncertainty about that victory, you can also get a payout if the horse finishes the race in the top three or four.
How Does an Each Way Bet Calculator Work
An each way bet calculator will tell you what you can expect as a potential return if your each way bet wins. The calculator requires you to choose the type of bet you wish to place and input your stake per bet or the total combined stake. So, for example, a double bet calculator can become an each way calculator if you choose that option.
The next step allows you to select the outcome you wish to bet on and the odds the bookmaker provides for the chosen outcome. You will need to provide the odds for the win market and the placed market so that the calculation will be correct.
The calculator will then display the potential total return and the profit from your bet. It will also remind you that your stake will be doubled if you have input the amount per bet instead of the total combined stake in the first step. It practically does all the calculations for you.
Example 1: Winning
An each way bet allows you to win even if one of your legs loses, meaning, for example, that the horse you bet on doesn’t win the race but finishes in the third position. You would then get the payout for the Place bet.
Let’s say you made the following wager: You make a €10 each way bet, with the Winner bet at 2.50 odds and a Place bet at 1.50 odds. Here’s what your bet would look like in both winning scenarios:
If the horse you bet on wins, both your legs will win, and the calculator will give you the following calculation: with two €10 bets, your total return would be €50, so you would make a €30 profit.
If the horse loses, you will still get the return for the Place bet, so you will still make some profit even though the odds are lower.
Note that the calculator doesn’t calculate inherent risks in each bet.
Example 2: Losing
The calculator doesn't calculate the losing bets, only your potential winnings. You can adjust the calculator to show the calculation of losing the Winner bet and getting the Place bet right.
So, to lose an each way bet, you would need to get both legs wrong, as that would result in not getting any return on your stake.
Benefits of Using an Each Way Bet Calculator
If you are looking to make an each way bet but still don’t know much about how it works and what it can bring you, using an each way bet winnings calculator could help you see what you stand to gain from your bet. Here are some benefits of using an each way bet calculator free of any charge:
Efficiency and Accuracy
An each way bet calculator will easily calculate your potential winnings for a bet you wish to make. If you insert the right parameters, the reply will be instant, and you’ll know the potential total return on your bet. The calculations are accurate, but you should keep in mind that they are only informative and don’t guarantee any winnings.
Free and Easily Accessible
As we have already pointed out, the bet each way calculator is free and easily accessible online for your convenience. You can use it as an educational tool that will help you understand how each way bets work and what you can expect from them. It can also give you a quick confirmation on the potential payout to double-check an offer from a bookmaker.
Risk Management
When an each way bet winnings calculator gives you the total payout amount on your bet, you can use the calculation to decide if the bet is worth the risk. Sometimes, the potential payout is too low for the risk, or the bet can simply seem too risky. Of course, also make sure to look into statistics and available information before making a bet, not just the calculations.
Who Can Use an Each Way Bet Calculator?
An each way bet calculator is a helpful tool for both novices and experienced bettors because it shows how much you stand to profit if both legs of your bet win. It allows you to see the basics of how an each-way bet works, and it gives you a chance to calculate your risks and decide how much you wish to stake in your bet.
Here’s how using the bet calculator benefits bettors of all experience levels:
Novices
When you are a novice bettor, a lot of things seem confusing and keeping up with all types of bets and what you stand to gain from them is particularly challenging. An each way bet calculator will help you see the logic behind calculating your potential profit and show you the basics of how an each way bet works.
Veterans
Even if you are a sports betting veteran, using an each way bet calculator can come in handy, especially if you’d like to get some help figuring out how much you would need to invest to potentially get the returns you want. You can also use it to calculate the risk you need to take for your bet so you can estimate if you need to lower your stake, increase it, or keep it the way it is.
Which Sports Can I Use Each Way Bet Calculator for?
Each way bets work best for racing sports, such as horse racing or greyhound racing, for example, because of the bet format. Those are the sports where you can bet on the winner and their placement at the end of the race.
An each way bet calculator can come in handy to tell you how much you can potentially win in the default win-to-win and place-to-place bet or the advanced, equally divided bet (all EW). The EW bet calculator will help you calculate the potential profit in both cases.
It can also be a convenient bet for the final match of a football or basketball competition or other similar format, where you can, for example, bet on the winner in the final and their placement if the bookmaker allows that bet.
An each way bet could also be a good idea for a golf tournament if you wish to back a player who is close to the top, but you are unsure if they will eventually win the tournament. You can also use it for a Formula 1 race, Tour de France, or a similar event.
Which Competitions Can I Use Each Way Bet Calculator for?
As we have already mentioned, each-way bets are typically used for racing sports or sports that have rankings at the end of an event, like golf, for example, when betting on the Masters. If your each-way bet is an outright bet (or futures, as it’s commonly known in the US), another example could be the Super Bowl.
For regular football leagues that have multiple games on a single weekend, a better option is to use a single or an accumulator bet, as it’s more suitable for the format. An accumulator bet calculator can come in handy in such cases to calculate potential return from your acca bet.
Why Should I Place an Each Way Bet?
An each way bet is both a chance to win more from your bet and to improve your chances of making at least some profit from it. Of course, it doesn’t guarantee anything, just like any other bet, but it does provide better chances for some profit in certain cases.
We have already explained how it works, how an each way bet calculator helps, and what competitions it could be suitable for. Our advice is to place it when you wish to back a player/team/racer/horse who is improving in shape but you are still uncertain about their chances of winning.
That could be a good risk management practice to back your favourites and get something out of your bet even if they lose, but finish in the top three, for example.
See Also
If you change your mind and decide not to place an each way horse racing bet, just remove the each-way option from the calculator, and you’ll get our horse racing calculator that gives you the potential payout for the bet you wish to make.
Also, if you want to make a treble each way bet but change your mind, when you select ‘no’ for the each-way option, you will get a treble bet calculator that shows a potential payout for that bet.
Check out all our other calculator options and find the type of bet you wish to make to get a better idea of what you wish to invest and how much risk you are willing to take.
FAQ
How to calculate your winnings on an each-way bet?
The best way to calculate your winnings on an each-way bet is to use an each way bet calculator. If you wish to know what the potential payout would be if only the Place bet wins, you should adjust the calculator to see the reruns for your Place bet.
How do you match a bet each way?
Matching an each-way bet is a bit complicated for beginners. It basically means placing another bet on the betting exchange to match your each way bet. It is probably a good idea to use a tool for that as well, especially at first.
How does each way work on sports bet?
An each way bet has two legs, the Winner bet, and the Plae bet. You get a full payout if both your legs win, but if your Winner bet loses, but you win the Place bet, you still get some profit from your each way bet.
Does an each-way bet include 3rd place?
That depends on the bookmaker and what is on offer. The Place bet can include the first two places, three places or even the top four or five. The odds will consequently be lower for the top 5 finish than for the top 2, for example.
What is the difference between place bet and each-way?
A Place bet is a part of an each way bet, and you predict whether the horse/team/player you bet on will finish in the top positions at the event. An each way bet also includes the Winner bet.
