Free Each Way Betting Calculator
Craig Jones 
Scott McGlynn
An each-way bet is a popular bet on horse racing betting sites. You are wagering on a horse to win or to be placed with this bet.
If a race has five, six, or seven horses, you will win money if your horse finishes in first or second place.
For races with eight to 15 or more horses, your bet pays out if your horse finishes in the top three.
In big handicap races with 16 or more horses, you can still win if your horse finishes in the top four.
Because it increases your chances of winning, each-way betting is a popular choice among horse racing fans.
To find out how much you could win, use our Each Way Bet Calculator below, which quickly works out your potential returns based on your stake and the odds.
Each Way Betting Calculator
Horse Racing Betting Offers
Content on this site will contain reference to products or services from one or more of our advertisers or partners. We may receive compensation when you view ads or click on links to those products or services.
This Week’s Horse Racing Schedule
Check out this week’s horse racing meetings below:
- Thursday - Newmarket, Doncaster, Carlisle, Newbury, Epsom, Leopardstown (IRE)
- Friday - Newmarket, York, Ascot, Chester, Chepstow, Kilbeggan (IRE)
- Saturday - Newmarket, York, Ascot, Chester, Salisbury, Hamilton, Dundalk (IRE), Limerick (IRE)
- Sunday - Perth, Stratford, Southwell, Navan (IRE), Sligo (IRE)
- Monday - Newton Abbot, Ayr, Windsor, Killarney (IRE), Downpatrick (IRE)
- Tuesday - Beverley, Nottingham, Thirsk, Killarney (IRE), Downpatrick (IRE)
How To Use the Free Each Way Bet Calculator
If you’re looking to discover your potential return from an each way bet, our completely free each way betting calculator is the perfect tool for you. Use it to know to know how much your returns would be when betting on your favourite betting sites.
Just follow these simple steps and you’ll get all the info you need…
How Does an Each Way Bet Work?
An each-way bet is in two parts. A £10 each-way bet, which will cost £20, will see £10 of stakes placed on the section to win and an additional £10 on the place part of the bet at a fraction of the win odds. Typically this fraction is 1/4 or 1/5th.
So a 4/1 winner with £10 each-way placed on it and each-way terms of 1/4 odds will receive a return of £70. If that selection finishes second the return will be £20. Don’t take our word for it, enter the odds, stakes and finishing position into our free bet calculator yourself!
What is Rule 4 in an Each Way Bet?
Rule 4 is a type of reduction that is applied to your winnings should a horse be withdrawn from the race.
The withdrawing of a horse affects the each way placing within a race because less horses will run than initially expected.
This means that if your horse places, your odds have got shorter because the field became fewer.
The amount Rule 4 will deduct from your winnings varies, although it will never exceed 90p in the pound. The amount deducted is based upon the odds you place.
For example, a longer shot at 10/1 would only see a deduction of 5p, while a 1/4 priced horse would see a deduction of 80p. Ultimately, the shorter the odds, the more Rule 4 will deduct from your wager.
The full list of deductions can be found below:
- 1/9 or less: 90p
- 2/11 – 2/17: 85p
- 1/4 – 1/5: 80p
- 3/10 – 2/7: 75p
- 2/5 – 1/3: 70p
- 8/15 – 4/9: 65p
- 8/13 – 4/7: 60p
- 4/5 – 4/6: 55p
- 20/21 – 5/6: 50p
- Evens – 6/5: 45p
- 5/4 – 6/4: 40p
- 13/8 – 7/4: 35p
- 15/8 – 9/4: 30p
- 5/2 – 3/1: 25p
- 10/3 – 4/1: 20p
- 9/2 – 11/2: 15p
- 6/1 – 9/1: 10p
- 10/1 – 14/1: 5p
Each Way Betting Offers
Here at Freebets.com, you will always find the freshest betting offers and promotions for Horse Racing Each Way from the UK’s best betting sites. Feel free to check out our horse racing free bets and promotions every day, and we will have a lot more offers during the major horse racing festivals such as Cheltenham Festival Betting, Grand National free bets, and Royal Ascot, Epsom Derby, and many more.
Tips & Strategies for Each Way Bet
When it comes to placing an each way bet there are a number of things you should consider.
Each way operates almost as an insurance policy on a horse you think will win a race or as a good option if you think an outsider has a chance of winning or having a good ride.
The best thing to do is study the form. If a horse is regularly picking up top three finishes, then an each way bet is a sensible bet.
Many punters also use an each way bet as a form of matched betting, with the place operating as your lay bet.
For the most part, a good strategy requires solid research. While each way gives you leeway on where your horse
finishes, it still needs to run well. Before selecting a horse consider the following:
- Form
- Pundits views
- Performances over course/distance
- Ground type (some horses perform well on soft ground, others firm)
- Trainer success
- Jockey riding the horse
- Age
- Handicap
These are just some of the factors involved.
Gather a full picture of the horse as part of your strategy and you’ll increase your chances of a win, never mind a place.
Latest Horse Racing Tips, Stats & Trends
Check out more from the Freebets horse racing hub, including tips, stats, market movers and today’s racecards!
