There are two elements for the use of the Grand National each way bet calculator. For example: Win: £10 at 20/1 returns £210 for a profit of £200. Place: £10 at 5/1 returns £60 for a profit of £50. The each-way bet Grand National calculator returns £270 for a profit of £250 under this example. Tips & Strategies for Each Way Bet. When it comes to placing an each way bet on horse racing, there are a number of things you should consider. Each way operates almost as an insurance policy on a horse you think will win a race or as a good option if you think an outsider has a chance of winning or having a good ride. You backed Tiger Roll to win the Grand National, you placed a £5 each way bet at odds of 10/1. That means a total stake of £10, £5 on the win and £5 on the place. The bookie is paying 6 places and the terms are 1/5. This means if the horse comes in positions 2-6 you will win the place part at one fifth of the odds of the bet. Calculate Each Way Bets. So your each way bet has won? Simply select your stake and and enter the odds of you bet and you can quickly see what you have won. Depending on the type of race and the number of runners in the race you will either be paid at 1/4 or 1/5 the win odds for the place part of your each way bet. You will receive 1/4 the odds in any handicap race and any 5-7 runner non Your each-way bet calculator will then allow you to enter your predicted outcome, the odds of your win bet, and also your place bet odds. Some each-way bet calculators will also feature a 'Rule 4 Each Way Betting Calculator If you would like to check the profit and returns from an each-way bet, use this simple calculator. The pre-filled defaults show the format you should use for this to work. If your horse won at 12/1 and you’ve backed it to win, you’ll get £12 back, plus your £1 stake. If your horse won and you’ve backed it each-way, you’ll get £12 back, plus your £1 stake. In... An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place. A ‘win’ obviously means that the horse finishes the race first. The ‘place’ means that it finishes in any of the top positions. The exact number of positions paid out on a place bet varies With so many permutations and combinations of odds for the Grand National, it can be tricky to figure out how much your winnings might be, especially if you’ve backed it each-way! Thankfully, our free bet calculator has been designed to make the whole process of calculating odds and winnings easy. The place portion of the bet will be represented using a fraction of the winning odds. So for instance, if the each way fraction is 1/5 and the winning odds are 10/1 and you place a £5 each way bet, then your win portion has potential returns of £55 (£50 + £5) and the place portion potential returns of £15 (£10 + £5).
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