Each Way Bet Calculator
Are you tired of your outright wagers being ‘all or nothing’? There’s a solution. With each way betting, you score a return on your wager if your selection finishes inside the requisite places.
It doesn’t matter if they win or not! Keep reading to learn how an each way bet calculator works.
What Are the Benefits of Using an Each Way Bet Calculator?
When you’re new to each way betting, this form of wagering can be difficult to understand, though the premise is straightforward: place two bets, one on your pick to win and the other on them to place.
However, working out your potential winnings isn’t easy, which is where an each way bet calculator comes in.
I wager a lot on futures markets (such as the Super Bowl and the NBA Championship) and on golf tournaments, where you can bet each way and often get up to 10 places paid. Working out my potential returns is tricky, though. I’m not a strong mathematician, so instead I use an each way bet winnings calculator to do the sums for me!
How Do I Use the Each Way Bet Calculator?
I use the each way bet calculator William Hill provides when I’m placing a series of futures bets and want to know how to stake to guarantee a profit.
Imagine that I wanted to bet on three different teams to win the Super Bowl. This trio of franchises may be available at various odds, so I’d stake more on the shorter-priced teams.
When you load up an each way bet calculator, type in your stake per bet. This will then be doubled to account for the two wagers of an each way bet (win and place). You will be required to enter your selected odds and the place terms – you can find these published next to the betting market on your sportsbook site/app.
The each way bet calculator will now reveal how much your potential profit will be: both if your wager wins or if it places.
Let Me Give You an Example
Golf betting is the perfect example where each way can pay dividends, and using a golf each way bet calculator comes highly recommended.
Here’s how the each way bet calculator helped my Masters bet last year:
- Xander Schauffele (+2500)
- Bryson DeChambeau (+3500)
- Joaquin Niemann (+5500)
- Adam Scott (+10000)
I used the calculator to work out my potential winnings from each with a flat stake of $5:
- Schauffele ($80 if he wins, $15 if he places)
- DeChambeau ($110 if he wins, $20 if he places)
- Niemann ($170 if he wins, $30 if he places)
- Scott ($305 if he wins, $52.50 if he places)
Betting odds generally reflect the probability of an outcome occurring, and here I know that Schauffele and DeChambeau have greater chances of winning than the others.
I wagered $4 each way ($8 in total) on both Schauffele and DeChambeau, $2 each way on Niemann, and $1 each way on Scott.
Schauffele and DeChambeau placed in the top eight of the leaderboard, so here was my final outcome:
- Schauffele – profit of $16
- DeChambeau – profit of $24
- Niemann – loss of $4
- Scott – loss of $2
I was able to turn a profit despite not backing the winner and two of my choices not placing at all.
Interested In Other Betting Calculators? Check Out Our Collection!
As you can see, the advantages of using an each way bet calculator speak for themselves. There are plenty more useful and free sports betting tools to be found here at TrustnBet. Try it out… And good luck with your wagering!