The Each-Way Calculator handles the dual-bet structure used in UK, Irish, and Australian horse racing: half your stake goes on the horse to win, the other half goes on it to place (typically finish in the top 2 to 5 depending on the race). The Place portion pays at a fraction of the win odds — usually 1/4 or 1/5 — and you can adjust the number of places and the place fraction independently to match the specific race terms.
Enter the odds (American / Decimal / Fractional all supported), the stake, the finishing position, and the calculator instantly settles both halves and reports the total return. Toggle Each-Way off to settle as a straight win-only bet.
The screen also includes full Rule 4 (Tattersalls Rule 4(c)) support: when a horse is withdrawn after final declarations, BHA mandates a deduction from winnings on the remaining horses, scaled by the SP of the withdrawn horse. The calculator's quick-add input lets you paste the SP of the non-runner; it looks up the correct deduction bracket (5p, 10p, 15p, 20p, 25p, 30p, 35p, 40p, 45p, 55p, 65p, 75p, 80p, 85p, 90p) and applies it automatically.
To convert race odds between formats first, see the Odds Converter. For multi-race accumulators, see the Parlay Calculator.