An Each-Way (E/W) bet is essentially two bets in one: one for the selection to Win and one for the selection to Place (finish in the top 2, 3, or 4 depending on the race). While the “Win” part uses the standard odds, the “Place” part is calculated at a fraction of the original price.
Understanding exactly what your return will be if your horse finishes 2nd or 3rd is crucial for bankroll management. Use our Each-Way Place Odds Calculator to find the decimal odds for the place portion of your wager.
Each-Way to Win Odds
Calculate your place-part odds for horse racing. Most standard terms are 1/5 of the win odds for non-handicap races.
How to Use the Calculator
This tool simplifies the math required to translate a “fraction of the odds” into a clear decimal result:
- Enter Win Odds: Input the decimal odds for your horse to win (e.g., 11.0).
- Automatic Conversion: The calculator applies the standard industry deduction (usually 1/5th) to show your Place Odds.
- Evaluate the Return: Compare the place odds against the exchange or other bookmakers to see if the Each-Way bet offers good value.
Understanding Each-Way Terms
Each-Way terms vary based on the number of runners and the type of race. The most common terms you will encounter are:
- 1/5 Odds: Common in non-handicap races and races with 5-7 runners.
- 1/4 Odds: Standard for handicap races with 8 or more runners.
- Extra Places: Some bookmakers offer 5 or 6 places during major festivals like Cheltenham or Royal Ascot.
Frequently Asked Questions (FAQ)
How do I calculate Each-Way place odds manually?
To calculate place odds from decimal win odds, subtract 1 from the win odds, divide by the fractional term (e.g., 5), and then add the 1 back. For example, if win odds are 11.0: (10.0 / 5) + 1 = 3.0.
What happens if my horse wins?
If your horse wins, both parts of your Each-Way bet are successful. You win on the “Win” portion at the full odds and the “Place” portion at the reduced odds.
What is the “Place” market on an exchange?
Betting exchanges like Betfair have a separate “Place” market where you can bet on a horse to finish in the top positions directly. Smart bettors often compare our calculated Each-Way place odds with the exchange place odds to find “Value” opportunities.