Each Way Bet Calculator – See What Your EW Bets Could Pay for a Win & Place

This is our guide to using our each way bet calculator. Each way bets can be complicated to work out, but using a calculator makes it a breeze.

We’re going to explain exactly how these calculations work, the different types of odds available and the other kinds of wagers that you can use betting calculators for.

What is an Each Way Calculator & How Does It Work?

An EW calculator is a type of betting calculator that can work out the payout for an each way bet.

Each way is a type of bet that contains two parts. One part is a straight win bet, while the other is a place bet.

With a fraction of odds paid for a place winner, working out the potential profit can be tough with these kinds of bet. This is why they are popular horse racing tips with punters.

In handicap races, even the odds for the favourite can be relatively high, so a calculator can be an amazing tool, which instantly gives you your potential winnings.

We’re going to take you through the steps that you need to take when working out such a wager, with an each way betting calculator.

1. Enter Your Stake – Your initial stake is doubled with an EW bet, but you just have to enter your unit stake in the appropriate box. So for example, a £1 each way wager will cost you £2, but you just have to enter £1 in the stake box of your EW bet calculator and it will work out the overall stake.
2. Set Your Odds Format – The next bet details you must add are the format of the odds. You have a choice of fractional, decimal or American format.
3. Select Each Way Status – There is a section where you can select whether you want the calculator to make the bet each way or not, with a yes or no option.
4. Set Place Terms – The place part of an each way bet will pay out at a certain fraction. This fraction will be stated on the rules of the bet that you are checking. Our EW betting calculator features a dropdown menu with all likely place terms, ready for you to set.
5. Enter Your Odds – Now you have to enter the betting odds. Remember that they have to be in the format that you set earlier on.
6. Rule 4 – If there is a withdrawal of a runner in horse racing events, then you may incur Rule 4, where a deduction is applied in pence, to every pound of your potential payout. You can set what that deduction will be when you use a bet calculator each way.
7. Select the Right Result – There is a drop down menu which allows you to select the result of the race. choose from won, placed, dead heat, lost or void.
8. Click on Calculate – With all the information entered, you just have to click on the calculate button to see your total stake, potential returns and your profit.

Each Way Odds Calculator Formats

As we mentioned earlier, there are different formats for odds which can be set within our each way bet calculator UK. Regardless of what format of odds you use, they are expressing the same results, in a different way.

Let’s take a look at the different types of odds available at our EW calculator and how they work.

Fractional Odds

These are the type of odds that you are likely to see at UK horse racing betting sites.

When you visit our each way betting calculator the current odds format has fractional as its default setting. You can change this if you want.

With Fractional odds, the number on the left shows how much you can win and the one on the right shows your stake. So odds of 2/1 mean that a £1 stake can see you win £2.

Decimal Odds

Many horse racing sites show a decimal format, especially betting exchanges. It’s a really simple format of odds to understand.

A number represents your total return, from a unit stake of 1.0, plus your possible winnings. So if you were to see odds of 6.0, it would mean that a £1 bet (1.00) could win you £5 (5.0), with 1.0 + 5.0 = 6.0.

American Odds

If you bet on a horse race with a US bookmaker, then you may see that they use American odds. These can seem complicated, particularly if you’ve never used them before, but are easy to work out with our each way calculator.

A price preceded by a minus sign represents an odds-on favourite and shows how much you need to bet to win $100. So odds of -150 mean you must stake $150 to win $100.

Odds preceded with a plus side represent an odds-against underdog and show how much you can win if you bet $100. So +150 means that a $100 bet could win you $150.

Whatever odds are displayed at the betting market that you’re looking at, you’ll be able to work out the possible returns with our horse bet calculator right now.

What Else Can You Work Out on Our Each Way Bet Calculator?

You can adjust our EW bet calculator to work out the results for a variety of bet types. Here are some of the different types of bet that you can calculate.

• Single – Bet on just one selection to win.
• Double – Use our double bet calculator for when you combine two selections into one bet.
• Treble – Three picks combined.
• Accumulator – With an accumulator bet you can combine four or more picks into one wager, with all the selections needing to win.
• Trixie – Four bets from 3 picks (3x doubles, 1x treble).
• Patent – Seven bets from 3 picks (3x singles, 3x doubles, 1x treble).
• Yankee – 11 bets from 4 picks (6x doubles, 4x trebles, 1x accumulator).
• Lucky 15 – 15 bets from 4 picks (4x singles, 6x doubles, 4x trebles, 1x accumulator).
• Canadian – 26 bets from 5 picks (10x doubles, 10x trebles, 5x four-folds, 1x accumulator).
• Lucky 31 – 31 bets from 5 picks (5x singles, 10x doubles, 10x trebles, 5x four-folds, 1x accumulator).
• Heinz – 57 bets from 6 picks (15x doubles, 20x trebles, 15x four-folds, 1x accumulator).
• Lucky 63 – 63 bets from 6 picks (6x singles, 15x doubles, 20x trebles, 15x four-folds, 1x accumulator).
• Super Heinz – 120 bets from 7 picks (21x doubles, 35x trebles, 35x four-folds, 21x five-folds, 7x six-folds, 1x accumulator).
• Goliath – 247 bets from 8 picks (28x doubles, 56x trebles, 56x four-folds, 70x five-folds, 56x six-folds, 28x seven-folds, 1x accumulator).