If your selection does not win, but does finish 2nd or 3rd, the place part of the bet would cash and your return would be £15.Įach way place terms vary depending on the market and the bookmaker, and this will impact the odds of your selection. If your selection does win, both bets would cash and your return would be £70 including your original stake. The place-only part of the bet (£5 place at 10/1 at ⅕ odds = 2/1) would return £10. The win-only part of the bet (£5 win at 10/1) would return £55. £5 each way on a selection with odds of 10/1 (⅕ the odds, 3 places) will cost £10 in total (£5 win-only, £5 place-only).

An each way bet is split into two bets, a win-only bet and a place-only bet, so be careful when placing each way bets as your stake will effectively be doubled.

When placing a bet you may have the option to bet ‘each way’ which means you will get paid out as a winner if your selection wins, but will also be paid out if your selection fails to win but does finish in the top 3 places.

You’ll now be able to see your expected return and profit from your bet.

Add the odds for each of your selections.

Toggle the ‘each way’ and ‘rule 4’ buttons accordingly.

Select which odds format you want to use.

Follow these simple steps to get started: The best idea is to start at the top of the page and work your way down through each field. It’s incredibly simple to use the betting calculator to work out your winnings. With a bet calculator you can compare different outcomes of the different kinds of bets and how they may affect your profits before you even place your bet! Using the reliable Racing Post Bet Calculator will allow you to work out your returns for bets like Lucky 15, Doubles, Yankee, Accumulator and much more. So a stake of £1 would pay £4 profit, plus your stake back, which is a total return of £5.Ĭalculating your winnings from a single selection is fairly straight forward, however, when placing more complex bets or multiples it’s advised you use an odds calculator. The winnings you would receive from a bet is calculated by multiplying your stake by the odds. For example, if the odds are 4-1 this suggests there is a 1 in 5 chance of winning (4+1), or calculated as 1 / (4+1) = 0.2 which means there is a 20% chance of the outcome happening. Betting odds are calculated by the probability of something happening.

What are 45 odds