Each way: the win and the place
An each-way bet is two equal bets: one on the win at the full price and one on a place at a fraction of it. In the example, runner 4 at 8.00 wins 11.5% of the time and finishes in the first 3 places 37.5% of the time. The win part keeps 7.7%, the place part 10.0%, and the whole bet 8.8%.
Type in the odds
The figures shown are an example we typed, not any bookmaker's odds. Decimals may be written with a point or a comma.
Type 3 to 24 odds, a runner from the list, and 1 to 4 places, fewer than the runners.
The each-way bet keeps 8.8%: €8.82 per €100.
Runner 4 at 8.00 wins 11.5% of the time and finishes in the first 3 places 37.5% of the time. The win part keeps 7.7%, the place part, at odds of 2.40, 10.0%.
The calculation runs in your browser and needs JavaScript. The figures here are the example's.
How it is worked out
Each runner's chance of winning comes from the odds without the margin. For the places, each next finisher comes in proportion to the chances left (the Harville model). The two parts of the bet carry the same stake, and the whole is their average.
A second, independent calculation must give the same figures, or the page is not published.
What this leaves out
- It does not say who will win. Every result is measured at the market's own chances, with the margin taken out.
- Tax on winnings and any charges.