Each way bets are big business in sports betting, particularly so in the world of horse racing. But to be fair, it can be tricky to keep track of what’s what unless you have an each way calculator to hand.
These nifty number-crunchers are capable of calculating the potential return from any each way bet you place and are, in my expert opinion, an essential tool that ought to be in every bettor’s arsenal. The bad news? Not all bookmakers offer on-site bet calculators, and even if they do, you’ll need to master how these gadgets work before using one.
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What is an each way bet calculator – and how do these things work?
I can’t really put it much simpler than this - each way calculators are tools that determine the potential returns for each way bets. But before they’re really of any use to you as a bettor, you first need to understand the concept of each way betting.
So,
how does each way betting work?
Well, when you place a bet on a horse, by ticking the “each way” box on your betslip you are effectively placing two bets in one. The first bet is on your horse to
win, while the second backs it to
place.
Most bookies offer odds on horse races first, second and third place, but occasionally, they’ll offer “extra place” promos that could give you a fourth, fifth or occasionally, a sixth place, too. Naturally, these kinds of bets can get complicated
fast
– particularly if you’re bringing complexities like patent bets or accumulators into the mix as well.
Which is where each way betting calculators come into their own. These tools do all the brain work for you by offering the following epic features:
Feature
Why it’s important
Determine all possible outcomes
If, like me, you’re not hot on the maths front, an each way bet calculator can give you an accurate idea of your returns in a number of different scenarios.
Enter number of selections
If you’re placing a patent bet or an accumulator, this allows you to keep track of all individual bets placed.
Enter percentage odds for a place
Naturally, you don’t get the full odds if your horse only manages to place. The usual percentage is ⅕ odds, but for a race with only a few runners, it’s sometimes ¼ odds.
Toggle “Rule 4” on/off
This feature helps you factor in what’ll happen if a horse doesn’t run in the race.
In my view, these tools are invaluable whether you’re into straight, each way betting using just one selection, multi-selection accumulators or patent betting. By the way, if you’re unsure about what a patent bet is, I pieced together a detailed guide on that very topic a while back, which you can read right here at Betting.co.uk. All good? Great, allow me to shine the spotlight on some of today’s best brands for each way betting.
New cust. Deposit £10+ in 7 days & bet on sports. Min odds apply. Reward = 4 x £10 Free Bets (2 x £10 Bet Builders & 2 x £10 Sports bet). Valid 7 days. Free bets not valid on e-sports & non UK/IE horse racing.
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New bettors. Select bonus at signup or use code SPORT. Wager deposit & bonus 8x. Max qualifying bet = bonus. Valid 60 days. Odds, bet & payment limits apply.
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Which bookies are best for each way betting?
I’ve hunted high and low and, let me tell you, there are some big contenders out there. That said, these are my faves:
Bwin – enjoy each way betting on 32 different sports
Pros & Cons
Excellent sportsbook
Great odds all round
User-friendly app
No calculator tool just yet
As far as I can tell, Bwin doesn’t have its own each way betting calculator you can use right now, but I decided to include them here anyway just because practically everything else they have to offer is
so darn good.
For example, you can enjoy more than 30 different sports markets, enjoy 24/7 customer service, a glitzy online casino subsite and a dizzying range of customer promos, starting right off with a cracking £20 in back up bets that you can use for football. Bwin is simply a fab place to play.
Sports Bonus
4.2/5
£20 Back-Up Bet as Free Bet
Welcome Bonus
Go to Bwin
Visit Provider
Bwin Highlights
One of the largest ranges of sports in the current market.
Bonuses including enhanced accas, best odds and more.
Helpful features to filter the matches quickly.
18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 2/1 (3.0) | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned |
T&Cs apply.
Bet365 – a big-name brand with an expert-level calculator
Pros & Cons
Complex bet calculator available
Fantastic odds and bets for horse racing
Industry-wide reputation
Bonuses aren’t always amazing
Bet365 doesn’t mess around. Their each way calculator has more tabs, options and customisable selections than most others I’ve seen – making it ideal for calculating the outcomes of more complex accumulators.
Naturally, the brand also ranks among the best-known names in the industry, meaning cyber security here is rock-solid. Bet365 also offers ultra-competitive horse racing odds and some obscure horse racing bets that even I’d never heard of. Jollies & Rags anyone?
Sports Bonus
4.0/5
Bet £10 & Get £30
Free Bet
Go to Bet365
Bet now
Bet365 Highlights
New customer offer: £30 in free bets
Promotional offers linked to specific sports
Excellent football betting odds
Open Account Offer Bet £10 & Get £30 in Free Bets for new customers at bet365. 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. The bonus code can be used during registration but does not change the offer amount in any way. Time limits and T&Cs apply. Registration required.
Ladbrokes – ideal if you need an easy-to-use bet calculator
Pros & Cons
Easy-to-use calculator
Unbeatable reputation
Competitive odds across all sports
Limited existing customer perks
You should only ever use bet calculators offered by reputable sources and, having been in the biz since 1886 (yep, you read that right…) betting brands don’t get much more reputable than Ladbrokes.
These guys offer the full gamut of sportsbook odds, meaning there’s plenty of opportunities to enjoy an each way bet. They also just so happen to offer one of the easiest-to-use bet calculators I’ve seen. Now, it’s not specifically for each way betting, but you
can
use the tool for single each way bets, but it also works as an each way double calculator, or pretty much any other type of multiple bet you come across. Although some of these bets are hellishly complicated, this each way calculator is simplicity itself to use.
Sports Bonus
3.6/5
Bet £5 Get £20
Free Bet
Copy
Visit Provider
Ladbrokes Highlights
Over 35 major sports and activities.
Variety of competitive odds.
Maximum of a £1000000 win a day for major sports.
18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first €5 bet within 14 days of account reg at min odds 1/2 to get 4x €5 free bets. Free bets available to use on selected sportsbook markets only. Free bets valid for 7 days, stake not returned.
Restrictions + T&Cs apply.
BetVictor – offering an each way odds calculator in tandem with superb bonuses
Pros & Cons
Awesome loyalty program
No-fuss calculator tools
Great welcome offer
Tricky rules on some bonuses
BetVictor is yet another trusted betting brand that offers a no-nonsense calculator, which can be adjusted and modified in line with virtually any betting strategy.
But what really makes BetVictor standout is its epic range of bonuses. Newbies can claim a £20 bonus with a £10 bet, horse racing fans can qualify for free bets galore and there’s a BV Loyalty Club on offer that serves-up some stunning longer-term perks.
Sports Bonus
4.2/5
Bet £10 Get £30 in Free Bets
Go to Betvictor
Bet now
Betvictor Highlights
Top sports betting bonus
Harry Redknapp’s Bet Boost feature
Extensive range of esports betting markets
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Coral – great for beginner-friendly each way betting guides
Pros & Cons
Each way betting guides available
Regularly-run promotions
Excellent horse racing odds
No calculator
I couldn’t locate a user-friendly calculator on the Coral site at the time of writing, but my search did bring me face-to-face with some of the best each way betting guides I’ve seen.
Coral’s “Useful Sports Betting Information” page is ideal for first-time bettors, and the brand boasts a great reputation and competitive odds on horse racing too – meaning they’re definitely worth a look.
Sports Bonus
4.5/5
Bet £5 Get £20
Free Bet
Go to Coral
Bet now
Coral Highlights
Offers most major sports.
Strong odds offered on bets.
Payout maximum limit per day is £1000000.
18+ New Customers only. Certain deposit methods & bet types excl. Min first €5 bet within 14 days of account reg at min odds 1/2 to get 4 x €5 free bets. Free bet available to use on selected sportsbook markets only. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply.
Final thoughts – each way calculators are invaluable – especially if you’re not good with numbers…
I simply love each way betting calculators and once you’ve tried one out for yourself, I’m certain you guys will too. A dependable calculator can help you get a spot-on idea of what returns to expect from literally any bet you place with a bookie – whether it be a simple single, an each way flutter or a ludicrously complex accumulator.
But as I said, you should only ever use calculators provided by licensed and trusted bookies like those listed above, and it’s important to properly understand
the each way betting strategy itself
before you start using it.
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Each way calculator FAQ
❓ Are each way bet calculators legit?
Yes, but you should only use those powered by brands you can trust. There are a number of reputable UK bookies currently offering this feature and you can read more about them in my each way betting guide.
🔎 What types of bets are compatible with each way betting?
When it comes to betting on horse racing, there’s a whole array of different (and exotic) bet types you can use, with the majority being perfect for each way betting. Check out my series of betting guides here at Betting.co.uk and open your eyes to more ways to bet on your favourite sport
🧐 Which betting strategy is best?
Of course, this all depends on the sport you bet on and your betting goals, but first you may want to consider scrolling through some of my in-depth betting guides right here at Betting.co.uk, which are sure to give you plenty of fresh ideas.
New cust. Deposit £10+ in 7 days & bet on sports. Min odds apply. Reward = 4 x £10 Free Bets (2 x £10 Bet Builders & 2 x £10 Sports bet). Valid 7 days. Free bets not valid on e-sports & non UK/IE horse racing.
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