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EachWay Sniper

Bookmakers price Each Way bets using a simple fraction of the win odds. But the real probability of a horse placing is different. Enter the win odds, place terms and the exchange place price to instantly see whether the Each Way bet is genuine value — or a trap.

Enter 10/1 as 11.0
Check Betfair / Smarkets “To Place” market

The "Bad Each Way" Strategy: Beating the Maths

Bookmakers use a simple formula for Each Way bets — usually 1/5th of the win odds. But a horse's real chance of placing does not follow a simple formula.

The Golden Scenario: An 8-runner race with a very short-priced favourite at 1/2. Because the favourite dominates the win market, the other horses have a huge chance of coming 2nd or 3rd. Often the bookmaker pays more for the place than the true probability suggests. This calculator finds those value bets.

How to Interpret the Results

  • • Green Edge (+): This is a Value Bet. The bookmaker is paying more than the exchange says the place is worth. Over time these bets are mathematically profitable.
  • • Red Edge (-): This is Poor Value. The exchange price is higher than what the bookmaker pays. You are paying a premium to bet Each Way here. Stick to Win Only or avoid this race.

Use the Right Tool for the Race

Found your value? Now execute it properly.

Dutching for Stake → Lucky 15 Calculator → Odds Converter →

Disclaimer: This calculator compares implied probability against bookmaker terms and is provided for educational purposes only. Always check live exchange liquidity before assuming a true price. Punters Edge accepts no liability for losses.