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, alongside free bets, each-way betting is a popular choice among horse racing fans.
To find out how much you could win on your best betting apps, 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
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This Week’s Horse Racing Schedule
Check out this week’s horse racing meetings below:
- Monday - Hexham, Leicester, Fakenham, Newcastle
- Tuesday - Newmarket, Market Rasen, Newton Abbot, Lingfield, Clonmel (IRE)
- Wednesday - Newmarket, Haydock, Beverley, Southwell, Leopardstown (IRE)
- Thursday - Newmarket, Ripon, Hereford, Limerick (IRE)
- Friday - Newbury, Ayr, Wolverhampton, Exeter, Bath, Balinrobe (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 horse racing 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 effectively two bets in one - a win bet and a place bet.
For example, a £10 each-way bet costs £20 in total - £10 goes on the horse to win, and £10 goes on the horse to place at a fraction of the advertised odds (usually 1/4 or 1/5, depending on the race terms).
If you backed a 4/1 shot each-way at 1/4 odds and it wins, you'd collect £70 in total - £50 from the win part and £20 from the place part.
If it finishes second, you'd still get £20 back from the place portion of the bet.
Want to see the numbers for yourself? Pop the odds, stake and finishing position into our free each-way calculator and let it do the maths for you.
What Is a Rule 4 in an Each Way Bet?
Rule 4 is a deduction applied to your winnings when a horse is withdrawn after you've placed your bet.
When a runner comes out, the race becomes less competitive, which effectively shortens the odds of the remaining horses, so bookmakers adjust payouts accordingly.
In each-way bets, this can also impact the place terms if the field size drops below certain thresholds.
The amount deducted depends on the withdrawn horse's price at the time of removal and will never exceed 90p in the pound.
For example, if a 10/1 shot is withdrawn, the deduction may be around 5p in the pound, whereas the withdrawal of a 1/4 favourite could trigger an 80p deduction.
In short, the shorter the withdrawn horse's odds, the bigger the Rule 4 deduction applied to winnings.
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
Tips & Strategies for Each Way Betting
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.
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