Lucky 15 each way calculator
Each way is already switched on. Answer three quick questions to see what your 30 bets pay, win and place parts shown separately.
How the return is worked out
Each selection gets a multiplier from its result. A winner counts at its decimal price (5/2 is 3.5). A loser counts as nothing. A non-runner counts as 1, so the stake rides on: its single hands the stake back and a double with it becomes a single.
Each of the 15 bets pays its stake times the multipliers of the selections in it. The return is the total of all 15.
Each way, the place part works the same way at the place price: the winnings part of the price times the place terms, so 5/1 at 1/4 the odds pays 5/4. A selection that wins also places.
Rule 4 takes its pence in the pound off the winnings part of the price. A dead heat divides that selection's stake by the number of horses that tied, then pays full odds, as the Tattersalls rules set out.
This lucky 15 each way calculator works on the idea that an each way Lucky 15 is really two Lucky 15s on the same four picks, one for the win and one for the place, so you're placing 30 bets in all. So it costs double what a win only Lucky 15 does. Here we cover what you stake, how the place side is worked out and what might come back to you.
Each way Lucky 15 cost and stake
Each horse you pick is called a selection. A Lucky 15 joins four horses, each in a different race, into 15 bets: four singles on one horse each, six doubles on two, four trebles on three and one fourfold on all four. A double, treble or fourfold pays only if every horse in it wins, or for the place part, places. Your slip is the betting slip that lists your four horses, and a bookie is a bookmaker, the company that takes your bet. The price is the odds you were given: 4/1 wins £4 for every £1 staked, and evens wins the same amount as your stake.
Each way means two bets on every horse: one for it to win and one for it to place, which means finishing in one of the first few places. Your unit stake is what you put on every individual bet. A win Lucky 15 has 15 bets. Going each way doubles that to 30, because every bet now has a win part and a place part, so each bet costs twice the unit stake. As bet365 explains, that doubles what you pay in total.
| Unit stake | Win only | Each way |
|---|---|---|
| 50p | £7.50 | £15 |
| £1 | £15 | £30 |
So if you place a £1 each way Lucky 15, £30 is the amount that comes out of your account.
The place part of the bet
Your place stake pays out when the selection ends up in one of the places being paid. It returns a fraction of the selection's odds. At a quarter of the odds, a horse that places wins a quarter of what it would have won by winning, and you get the place stake back too.
A place at 1/4 and 1/5 the odds, worked out
With 1/4 the odds, a 4/1 shot pays 1/1 on the place, meaning a £1 place stake gives you £2 back. And on 1/5 terms, a 5/1 selection pays 1/1 as well.
Multiples are the doubles, trebles and fourfold, and settling a bet means working out and paying what it has won. The two sides of each way multiples are settled separately, win bets on winners and place bets on placed horses. So win doubles are built only from winners, while place doubles can use any selection that placed.
Place terms by number of runners
Place terms tell you how many places count and what fraction of the odds you get. They change with the number of horses in the race and whether it's a handicap. The standard terms are set out in the Tattersalls rules:
| Race | Place odds | Places paid |
|---|---|---|
| Fewer than 5 runners | Win only, no place payout | None |
| 5 to 7 runners | 1/4 of the odds | First two |
| 8 or more runners | 1/5 of the odds | First three |
| Handicaps of 12 to 15 runners | 1/4 of the odds | First three |
| Handicaps of 16 or more runners | 1/4 of the odds | First four |
The Tattersalls Committee writes the standard rules British bookmakers use to pay out bets. A handicap is a race where the better horses carry extra weight to even things up, and the runners are the horses that start. A handicap that has 8 to 11 runners falls under the rule for 8 or more. Every selection on your slip keeps the terms from its own race. Paddy Power bases them on the horses that come under starter's orders, so a withdrawal before the off can shift the terms. Starter's orders is the signal that the race is about to begin, and the off is the moment it starts.
What can an each way Lucky 15 return?
You can type prices into the calculator as fractions like 5/2, as 'evens' or as decimals like 3.5, and it keeps your last slip on your own device. Decimal odds include your stake: 3.5 means £3.50 back for every £1, the same as 5/2.
On a £1 each way slip (£30 staked) at 2/1, 3/1, 4/1 and 5/1, one winner and one placed horse can bring back much less than £30, while four winners bring back more than £900.
That £1 each way slip, worked out
The examples below use a £1 each way Lucky 15 (£30 staked) on four selections at 2/1, 3/1, 4/1 and 5/1, with places paid at 1/4 of the odds.
If the 2/1 pick wins, the 3/1 pick is placed and the other two lose, the win side gives £3.00 and the place side £5.88, so £8.88 comes back. If all four win, it's £839.00 from the win side and £66.03 from the place side, £905.03 in total.
In that first case, the win return comes from the 2/1 single. On the place side, the money comes from two place singles paying 1/2 and 3/4 (1.50 and 1.75 in decimal), plus the place double between them. A winner counts as placed too, so it pays on both sides.
Bonuses for one winner
A few bookies pay a bonus when just one of your four picks wins. William Hill pays double the odds on that single, though with each way bets this only counts on the win part.
Betfred pays three times the odds for one winner. Its promotion pages say win and each way Lucky 15s both qualify, and the calculator counts the bonus on the win side.
One winner each way at William Hill, worked out
Take a £1 each way bet at William Hill with one winner at 4/1. The win single pays £5.00 and the place single pays £2.00. The bonus adds £4.00 on top, so £11.00 comes back from your £30.
Non-runners, deductions and ties
When a selection doesn't run, you still pay the full stake. The single on that selection has its stake returned, and any bet containing it is settled on the rest, so a fourfold drops to a treble.
Rule 4 applies when a horse is taken out of a race at the last minute: the bookmaker then takes a small cut from the winnings on the horses that ran. A 25p cut takes a quarter off the winnings.
A dead heat happens when horses tie for a place. A two-way tie pays about half of what a clear win would. Both rules apply across every bet that selection appears in.
Rule 4 and dead heat examples, worked out
Rule 4 trims the price of a winner if a rival is pulled out shortly before the off. For example, a 25p cut on a horse that wins at 4/1 takes the winnings on a £1 stake down to £3.00 instead of £4.00.
For example, if your horse ties with one other horse for first place, a £1 single at 4/1 returns £2.50.