Use our Bet365 bonus code when signing up for a new account.
The each way bet is a single selection wager consisting of 2 equal parts: a win bet and a place bet.
The total stake is split across the two bets, and the outcome of a single event determines the return. The "to win" bet is settled as a straightforward single bet with 50% of the original stake e.g. £1 of a £2 bet. The remaining 50% is staked on the "to place" portion of the bet. This portion is successful when the selection finishes in the top X number of places where X varies depending on the sport, the number of competitors/runners and any bookmaker specific promotions that may be available.
The return on a successful "place" bet is also reduced relative to how easier it is to place than win outright. The reduction is expressed as a fraction by bookmakers for each event where place betting is available.
Winnings can be worked out manually but our each way calculator is the quickest option.
Choosing a winner will always generate a profit. However, a selection that places but doesn't win could generate an overall loss depending on the odds and place terms.
Each bookmaker sets the number of places available for an event. Bookmakers often run promotions where they increase the number of places or improve the reduction fraction e.g. from 1/5 to 1/4.
The adjacent screenshot shows how places and reduction fractions are displayed when betting online. In this example, the reduction fraction is 1/4, and the number of places is 2 (1-2). Both values have been set by Bet365.
The "E/W" notation highlighted in the screenshot is a commonly used abbreviation for "Each Way" across online bookmakers.
The horse racing result below is used in the proceeding examples:
The example race has 2 places and a reduction fraction of 1/3.
Assuming a total stake of £2 on "Runner One" at odds of 2/1, the winnings would break down as follows:
Assuming a total stake of £2 on "Runner Two" to win at odds of 2/1, the winnings would break down as follows:
Assuming a total stake of £2 on "Runner Three" the returns would break down as follows:
Last Update: 3rd March 2023
The Bet365 bonus code to get £30 in free bets is SPRT365
Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. The bonus code sprt365 can be used during registration but does not change the offer amount in any way.
The William Hill Sport promo code to claim this offer is P40
18+. When you sign-up via Mobile using promo code P40 and place a bet of £10/€10 or more we will give you 4x £10/€10 free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. Virtual markets excluded. #ad
The Betfred Sport promo code to claim this offer is WELCOME40
New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.
No Ladbrokes Sport bonus code is required to claim this offer
18+ New UK&IRE customers. Available from 09:00 (UK time) on 11/02/2022 until 23:59 (UK time) on 31/12/2023. Min first £5 bet within 14 days of account reg. at min odds 1/2 to get a £20 free sports bet (valid 7 days, stake not returned) & a £20 casino bonus (valid 30 days, selected games only). Certain deposit methods excluded. Restrictions & T&Cs apply.
Each way bet calculator - Work out your each way betting returns no matter what the outcome. Supports all possible scenarios. Fast and easy to use, with winnings updated automatically as you enter the details.
What is a single bet? - Same as an each way minus the place portion of the bet. Visit the page for an explanation and example detailing how winnings are calculated.
What is a double bet? - Found an additional selection you'd like to incorporate into your bet? The double may be the way to go. Visit the page for an explanation and sports examples detailing how winnings are calculated.
We've been calculating bets online since 2008 and know all types of betting inside-out. We also have in-depth knowledge of where to source the top bonus codes and joining offers to use when placing initial bets with a new bookmaker. Learn More.