Horse Bet Calculator
Calculate your potential returns and profit for Win and Each-Way horse racing bets.
/
Win Only
Each Way (E/W)
1/4 Odds
1/5 Odds
1/2 Odds
1/3 Odds
Winner
Placed (Did not win)
Lost
Total Outlay:
$0.00
Total Returns:
$0.00
Total Profit:
$0.00
Understanding Horse Racing Bets
Betting on horse racing requires an understanding of how odds and different bet types impact your bottom line. Whether you are backing a favorite to win or looking for value in an Each-Way longshot, this calculator helps you visualize the math behind the bookmaker's slip.
Win Only vs. Each Way
A Win Only bet is the simplest form of wagering: you only collect a return if your horse finishes in first place. If the horse finishes second or third, the bet is lost.
An Each Way (E/W) bet actually consists of two separate bets of equal cost: one for the horse to win and one for the horse to "place" (usually finishing in the top 2, 3, or 4 positions depending on the field size). Because it is two bets, a $10 Each-Way bet will actually cost you $20 in total.
Example Calculation:
If you place a $10 Each-Way bet at 10/1 odds with 1/5 place terms:
– Total Stake: $20 ($10 Win + $10 Place)
– If the horse wins: You win both bets. Win part returns $110 ($100 profit + $10 stake). Place part returns $30 ($20 profit + $10 stake). Total Return: $140.
– If the horse places (but doesn't win): You lose the win bet (-$10) but win the place bet ($30 return). Total Return: $30. Total Profit: $10.
If you place a $10 Each-Way bet at 10/1 odds with 1/5 place terms:
– Total Stake: $20 ($10 Win + $10 Place)
– If the horse wins: You win both bets. Win part returns $110 ($100 profit + $10 stake). Place part returns $30 ($20 profit + $10 stake). Total Return: $140.
– If the horse places (but doesn't win): You lose the win bet (-$10) but win the place bet ($30 return). Total Return: $30. Total Profit: $10.
The Importance of Place Terms
Place terms vary by the number of runners in a race. Typically:
- Handicaps (16+ runners): 1/4 odds for the first 4 places.
- Handicaps (12-15 runners): 1/4 odds for the first 3 places.
- Non-handicaps (8+ runners): 1/5 odds for the first 3 places.
- Fewer than 5 runners: Win only (no place betting).
How to Use This Calculator
- Enter your Stake. Note that for Each-Way bets, the calculator will automatically double this to show the total cost.
- Enter the Fractional Odds (e.g., for 5/2, enter 5 in the first box and 2 in the second).
- Select your Bet Type (Win Only or Each-Way).
- If Each-Way, select the Place Terms offered by your bookie.
- Choose the Race Result to see what your specific return would be.