Each-way calculator
Your return on an each-way bet, win part and place part, in three answers.
Working out each-way returns
Only a win makes the win part pay at your full price. If your horse finishes in the places, the place part pays the fraction of your price set by the place terms. If it wins, you receive both parts.
At 8/1, a £5 each-way bet with 1/5 terms costs £10 overall. If your horse wins, the win part pays £45 and the place part pays £13. You get £58 back in total. If your horse places but doesn't win, you get £13 back.
Place terms change based on how many runners there are and whether the race is a handicap. Each race page on this site lists the standard terms for its field.