Each Way Bet Calculator
An each way bet is a combination of two equal wagers on the same event. This betting type is popular in horse racing and greyhound racing. Here, we’ll explain what each way betting means and introduce you to the each way calculator. If you want to learn how to calculate each way bets with pinpoint accuracy, keep reading.
Each Way
| # | Result | Win Odds | Place Odds |
|---|---|---|---|
| 1 |
| Total Stake | Total Return | Total Profit |
|---|---|---|
| £0.00 | £0.00 | £0.00 |
What Is An Each-Way Calculator?
An each way odds calculator is a tool that helps you figure out your potential winnings from an each-way bet. Each way bets are difficult to calculate because they use a fraction of the original odds. One advantage of an each-way bet is that it gives you a better chance of winning.
One part of an each-way bet is for the selection to win, and the other is for it to place. The positions that count for placement are 2nd, 3rd, and 4th. You can also place each-way bets on outright markets in some mainstream sports. Common examples include soccer, golf, and American football.
Since there are two selections in each-way bets, the math can be hard to figure out. For example, say you placed a 5.00 EW bet at 10/1 odds and a 1/5 place fraction. If your horse wins the race, you get 70.00x your stake. In contrast, if the horse only places, 15.00 gets awarded to you.
A simpler explanation is that you will get paid for both parts of an each-way bet when your selection wins. If the selection only places, then you’ll win only the place part of your bet. Our each way payout calculator will help you know the exact amount you’ll win in real money either way.
How To Use The Each-Way Calculator
An EW calculator is super easy to use for both beginners and advanced bettors. All that’s needed is the betting information. This includes your stake amount, the odds, place terms, and if the event gets affected by the Rule 4 deduction. Once you have all the data, enter it into our EW bet calculator to get your result.
Some relevant details shown in the result include the bet amount, total profit, and potential returns. If you want to use our free BetSurfer EW single calculator, follow these simple steps below:
- Choose how you’d like the odds displayed (decimal or fractional).
- Enter the odds of your chosen selection.
- Next, add the terms for each way payouts.
- Enter your preferred bet amount.
- Click the calculate button.
- View the results for your each-way bet.
How To Calculate Rule 4 Deductions
A Rule 4 deduction makes each-way bets more complicated because of how the odds change. It reduces the total percentage of winnings because of the withdrawal of a contender. In horse racing, for instance, when a horse withdraws, other horses get reduced by a percentage. This happens because fewer horses are now competing. The result is that there will be an increase in their winning chances.
Bookmakers will invoke a rule 4 deduction on the odds to adapt these changes. The result is that the potential winnings on your bet get reduced to match the market shift. Our BetSurfer team has found that horses with different prices have different reductions.
If a horse with low odds withdraws from the race, other horses reduce by a greater amount. Should the horse that withdraws have high odds, the others will only reduce by a lesser amount. An exception to this applies only to reserve horses. Many sportsbooks don’t apply the rule 4 deduction when a reserve withdraws, since they were never official runners.
Like with each way bet calculator, it’s easy to calculate Rule 4 deductions. You would need the back odds, the rule 4 deduction, and lay odds if you placed a lay bet.
Frequently Asked Questions
An each-way bet combines two separate but equal wagers on the same event. One part is for the selection to win, and the other part is for it to place 2nd, 3rd, or 4th.
The main advantage of each-way betting is that it gives you a higher chance of earning some winnings. A major disadvantage to EW bets is that they cost more, since you double your stake.
An Each-Way Extra lets you increase or decrease the number of places when you make EW bets in a race. This means you can add places and take a reduced price, or remove places to increase the odds.
