Each-way betting is popular among sports fans, as it gives you some insurance. Rather than merely profiting if your selection wins, each-way bets give you a return even if your selection places.  

Here, we explain how to use the Parimatch each-way bet calculator to help you determine how much you can win from this bet type. We also explain which sports are good for each-way betting and how to get started at the Parimatch Sportsbook.  

An each-way bet is essentially two bets in one. You are betting on:  

• A person, team, or horse to win a race or event.  
• A person, team, or horse to finish in the top places (typically top three or five, depending on the event).  

As an each-way bet is two bets in one, you must double your stake to place it. So, for instance, if you plan to put a £10 winner bet on the Grand National to back your horse each-way, you would need to increase the stake to £20 to cover both wagers.  

If your horse wins, you will receive the total payout at the odds provided, plus a fractional payout for the horse placing. If your horse places, you will receive a fraction of the payout (often one-quarter of the odds). We reveal an each-way bet example below to see how it works.  

Though each-way wagers are relatively easy to comprehend, we’ve put together our each-way calculator to make your life easier when calculating your potential returns.  

Most each-way bets pay 1/4 of the odds if your player, team, or horse places while returning your total stake if they win. Below, we explain how to use our each-way bet calculator to work out your potential returns before betting at Parimatch:  

Select Your Bet Type  

Our bet calculator can be used for numerous special wagers and exotic bet types, including Yankees, Trixies, and Patents. So, your first step is to select “Each Way” from the drop-down menu to begin the correct calculation.  

Decide on the Odds Format 

You can calculate the odds of your each-way bet using fractional or decimal odds. 

Input Your Bet Information  

You’re now ready to input your bet information. You will need to do the following:  

• Toggle each-way on.  
• Add a selection note (optional).  
• Select “Each Way All Each Way” from the drop-down menu.  
• Input the outcome (winner or place), enter the odds, and select the fraction of the odds paid out for each way finishes.  
• If you’re betting on horse racing, you can account for the Rule of 4 in the calculation.  

Decide on Your Stake  

The following section invites you to enter your stake. Remember, an each-way bet is a double bet, so your stake will be split over the two selections. If you wish, you can also use bonus funds to place this bet– toggle the relevant option if required.  

Check the Bet Breakdown and Save Your Bet  

Finally, check the breakdown of your each-way bet and save it for future reference. When you’re ready, click the green button to “Place Your Bet Now.” You can also share your each-way bet if you wish. 

So, let’s look at a specific example to see how an each-way wager works in practice.  

Let’s assume Shane Lowry is priced at 14/1 to win the Open Championship. If you place an each-way bet of £10 (£20 in total), you will receive the following, depending on Lowry’s performance:  

• If Lowry wins, you will receive £140 plus your stake back. You would also receive 1/4 of the odds for Lowry placing (£35) plus your other stake back, returning £195.  
• If Lowry places, you would receive £35 (1/4 of the odds) plus half of your stake back, for a total of £45.  

Each-way bets can work for numerous sports. Some of the most popular each-way betting options among Parimatch punters include:  

• Football: Place an outright each-way wager on the team you think will win a tournament like the World Cup and receive a payout if your team finishes second.  
• Golf: Back Bryson DeChambeau or any other elite golfer to win a major next season, such as the Masters, and receive a payout from an each-way bet if your golfer finishes in the top five places.  
• Horse racing: Each-way betting is prevalent among horse racing bettors, and you can place each-way wagers on events like the Cheltenham Festival and the Grand National. Most horse races pay each way winnings when your horse finishes in the top 1-3 places, but always check before placing your bet.  

Placing each-way bets at Parimatch couldn’t be easier. The first step is to create an account. You can visit Parimatch Sportsbook and click the “Sign Up” button to start the process. We ask for your name, personal details, and contact information. Follow the prompts, provide your information, and verify your contact details.  

Then, head to our current offers page to see if you can land a bankroll boost before making a deposit. We have numerous promotions going on right now, including free bets for sports fans when you make a real money deposit.  

When you know our free bet offers, head to the Parimatch cashier to make a deposit using your preferred payment method. With the funds in your account, you can use our each-way calculator to work out your bets. The final step is to click the green “Place Your Bet Now” button to place your wager.  

Please remember to gamble responsibly when placing each-way bets at Parimatch. You can visit our Safer Gambling Portal for tools, tips, and resources to help you bet within your means and control your expenditure. Feel free to use our deposit limits to help you stay in control as you bet on your favourite sports.