Betting calculator
Each-Way Extra Places Calculator
Use this each-way extra places calculator to compare a standard each-way bet with an extra places offer.
Enter the each-way terms
Compare the result under normal place terms and enhanced extra place terms.
Finishing 4th would lose under standard 3-place terms, but would return £6.00 profit under a 5-place offer.
What are extra places?
Extra places are enhanced each-way terms where a bookmaker pays more places than the standard market. They are common in horse racing, golf and large-field outright markets.
For example, a race may normally pay three places, but a bookmaker might offer five places. If your selection finishes fourth, the standard each-way bet would lose, but the extra places offer may pay the place part.
How the calculation works
Total stake = each-way stake × 2
Place odds = 1 + ((win odds − 1) × place fraction)
Place-only profit = place return − total stake
Extra places example
Suppose you place £10 each-way at odds of 9.00 with 1/5 place terms. Standard terms pay three places, but the bookmaker offers five places.
| Finishing position | Standard 3 places | Extra 5 places |
|---|---|---|
| 1st | Win and place paid | Win and place paid |
| 2nd or 3rd | Place paid | Place paid |
| 4th or 5th | Loses | Place paid |
| 6th or worse | Loses | Loses |
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Understand the result
How to interpret this calculator
Betting Maths calculators are designed to show the arithmetic behind the inputs you provide. A calculated return, probability, liability or expected value is not a prediction that an event will happen.
Check the assumptions
Results depend on the odds, stakes, commission, place terms or probability estimates entered. If the inputs change, the result changes.
Reproduce the maths
Our methodology explains the core formulas, rounding approach and limitations used across the calculator library.
Read the calculation methodologyUse the result educationally
Real settlement can also depend on bookmaker or exchange rules, non-runners, voids, liquidity, price movement and promotional terms.
See a transparent model isolating the expected-return effect of adding one extra place.