Reviewed by TipsterCheck Editorial TeamLast checked 26 October 2026MethodologyCorrections
Free tool
Each-Way Calculator
How do you work out an each-way bet?
Total stake
£10.00
Total return
£58.00
Profit / loss
£48.00
How it works
- Total stake = stake per part × 2.
- Win part (if it wins) = stake × decimal odds. Place part (if it wins or places) = stake × (1 + (odds − 1) × place fraction).
- A Rule 4 deduction (pence in the pound) reduces the winnings of both parts, never the stakes. Standard UK terms: 5–7 runners pay 2 places at 1/4; 8+ runners 3 places at 1/5; handicaps of 12–15 runners 3 places at 1/4; 16+ runner handicaps 4 places at 1/4.
Worked examples
£5 E/W at 8/1, 1/5 odds, wins
Win part £45 + place part £13 = £58 returned for a £10 stake, £48 profit.
£10 E/W at 4/1, 1/4 odds, places
Only the place part pays: £20 returned for £20 staked, so you break even.
£5 E/W at 10/1, 1/5, wins with a 15p Rule 4
Returns £61 instead of £70: £47.50 from the win part and £13.50 from the place part.
Frequently asked questions
Further reading
Bet types explained
Every multiple and full-cover bet in plain English.
Rule 4 deductions
Why non-runners can cut your winnings.
Each-way terms
Place fractions and places paid.
Bankroll & staking
How much to put on a multiple.
Cheltenham November Meeting 2026 hub
Dates, guides and rated tipsters for the next big event.
For education only, not financial advice. 18+. When the fun stops, stop — BeGambleAware.org.