Each-way calculator for matched betting
Lay both parts of an each-way bet at the exchange and see the result in every finish.
Try it
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Free to use. It works in your browser, and nothing you type leaves it.
How it works
An each-way bet is two bets: one on the win and one on the place, which pays at a fraction of the win odds. To match it, lay the win part in the exchange's win market and the place part in its place market. Enter the each-way stake, the win odds, the place terms (1/4, 1/5 or 1/6) and both lay prices. The calculator gives both lay stakes, the rating and the result if the horse wins, places or loses.
Worked through
£5 each way at 11.0 (10/1) with 1/5 place terms. The win part is laid at 11.5 and the place part at 3.1, both with 2% commission.
| It shows | Value |
|---|---|
| Win lay stake | £4.79 |
| Place lay stake | £4.87 |
| Rating | 95.89% |
| If it wins | -£0.53 |
| If it places | -£0.53 |
| If it loses | -£0.53 |
At 1/5 terms the place part pays at 3.00, so its lay at 3.1 sits just above it. Win, place or unplaced, the result is -£0.53.
Questions
How do each-way place odds work?
The place part pays at the win odds cut by the place terms: place odds = 1 + (win odds − 1) × fraction.
Why is the outlay twice the stake?
An each-way bet is two equal bets, one on the win and one on the place, so the stake entered is placed twice.
Does it show each-way returns?
No. It works out the lays that cover the bet and the result in each finish. The returns follow from the same terms: a winner returns stake × win odds plus stake × place odds, and a horse that only places returns stake × place odds.
When is the extra place calculator the one to use?
When the bookmaker pays more places than the exchange's place market settles on. This calculator gives one result for every finish. The extra place one adds the result for a horse that finishes in the extra place.
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Related
- Extra place calculatorLay an extra place race at the exchange and see the result if your horse finishes in the extra place.
- Race refund calculatorLay a race refund offer on the win and place markets and see the lowest profit across every finish.
- Matched betting calculatorThe lay stake, liability and qualifying loss for a qualifying bet or a free bet.
- All widgets
For the prices themselves, see the Each-way feed.
For over-18s. If gambling is affecting you, free and confidential help is at GambleAware and the National Gambling Helpline on 0808 8020 133.
Get the odds to go with it
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