Each Way Bet Calculator
An each way bet is essentially two bets on a single event. One, at full odds, covers a potential win whilst the other, at quarter odds, covers a position. Each way bets are popular in racing - especially The Grand National - or tournament sports such as golf and snooker.
For example a bet on Tiger Woods to win The Open may be 10/1. If Tiger wins then the payout is 10/1 as he won plus 2.5/1 as he's finished top four. However if Tiger is 3rd then the payout is just 2.5/1. Note that a £5 each way bet will cost £10 - £5 for the full odds part and £5 for the quarter odds part.
Calculate the possible winnings for a Each Way Bet
Stake £10 For £40 in Bonuses
Betfred
New UK only. Register (excl. 13/04/2024) with promo code WELCOME40, Bet £10+ on Sports in one transaction within 7 days of registering. Get £30 Free Bets & £10 free spins within 10hrs of bet settlement. Bonuses expire 7 days after issue. Min odds, eligibility & payment exclusions apply. Full Terms. 18+. #AD

Double The Odds
Grosvenor Sport
Register as a new player and bet up to £20 on any sport at any odds. You will then get double the odds with all winnings paid in cash. 18+. #AD

New UK+IRE customers. PayPal and certain deposit and bet types excluded. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply. 18+. #AD