Each-way and extra-place, in plain steps.
An each-way bet is two cash stakes of the same size. One is on the selection to win. One is on it to place. You type the prices. This page does not load odds and it does not list offers.
The total stake is twice the each-way stake
If the each-way stake is £10.00, that is £10.00 on the win and £10.00 on the place. The total at the bookmaker is £20.00. The £10.00 figure is not the combined total.
Place odds from a fraction
Some bookmakers quote place terms as a fraction of the win odds. At win odds of 5.00 and a place fraction of 1/5, the place decimal is 1 + (5.00 − 1) × 1/5 = 1.80. If you type a place price yourself, the each-way calculator uses that price instead.
What an extra place means here
An extra place, on this site, means the bookmaker pays a place the exchange market does not. You enter both place counts. The calculator does not add a place the exchange did not quote. If the bookmaker pays 4 and the exchange pays 3, only the 4th finishing position is bookmaker-only. The profit for that position is not added again for any other position.
Open the each-way calculator and type the stake, the win price, the place price or fraction, both lay prices and both place counts. The rows there are the worked figures. This page does not repeat a settlement as if it were an offer.
What this explanation leaves out
- Dead heats, non-runners and Rule 4
- Free-bet each-way, whether the stake is returned or not
- Each-way accumulators
- Whether you are eligible for a promotion
Those cases can change the money. Do not treat an example here as a settlement of them.
Related reading: each-way in the glossary, SNR vs SR and lay liability.
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