Each way bets in brief
An each way bet is two bets of the same stake: one on the horse to win and one on it to place. A £5 each way bet costs £10.
- If the horse wins, both parts pay: the win part at full odds and the place part at the place fraction.
- If it finishes in the places but doesn't win, only the place part pays.
- If it finishes outside the places, both parts lose.
The place part is paid at a fraction of the win odds, usually 1/4 or 1/5. At 1/5, a 10/1 horse pays 2/1 for the place. Our full guide to what an each way bet is covers extra places, each way multiples and when each way is worth it.
Standard each way place terms in UK racing
| Race | Runners | Places paid | Fraction |
|---|---|---|---|
| Any | 2 to 4 | Win only | None |
| Any | 5 to 7 | 2 | 1/4 |
| Non-handicap | 8 or more | 3 | 1/5 |
| Handicap | 8 to 11 | 3 | 1/5 |
| Handicap | 12 to 15 | 3 | 1/4 |
| Handicap | 16 or more | 4 | 1/4 |
These are the usual terms. Bookmakers often offer extra places on big races, so always use the terms printed on your bet slip.
Each way at Cheltenham and the Grand National
The two biggest jumps meetings are where each way terms matter most. The Grand National is a 34-runner handicap, so standard terms pay four places at 1/4 of the odds and many bookmakers pay five or more. The Cheltenham Festival mixes big-field handicaps with small-field championship races, where only two places may be paid. Our Cheltenham betting guide and Grand National betting guide work through examples, and the Cheltenham Festival and Grand National pages have the dates and race times.
Using the calculator
Pick Per bet to type the unit stake (what most betting slips ask for), or Total to type what you want to spend and let the calculator split it. An each way bet is two bets per line, so it costs double.
Mark each selection as Won, Placed (each way only), Lost or Void. A void (non-runner) is settled at odds of 1.0, so the bet carries on as a smaller bet. Open Rule 4 / dead heat on a row to apply a deduction or a dead heat to that selection.