Each-Way Value & EV Calculator DCR analysis engine

This tool helps you work out whether an each-way bet is value based on your own view of the horse’s chances. Enter the odds, place terms and your estimated win and place probabilities, and it will calculate the expected value (EV) of the win leg, the place leg and the total each-way bet. Odds can be fractional (for example 10/1) or decimal (for example 11.0).

1. Stake and odds

This is the full stake including both win and place parts (for example £20 EW = £10 win + £10 place).

2. Place terms

For extra-place races, select the total number of places paid.

3. Your view of the horse’s chances

Your honest estimate of how often this horse wins the race.
Chance the horse finishes in any of the paid places, including winning.
Win leg EV (£)
£0.00
0.00% of total stake
Place leg EV (£)
£0.00
0.00% of total stake
Total EW EV (£)
£0.00
0.00% of total stake
Overall verdict
No calculation yet.
Fair win odds (decimal)
N/A
Break-even win %: N/A
Fair place odds (decimal)
N/A
Break-even place %: N/A
How to interpret this:
Positive EV means that, based on your own win and place estimates, the each-way bet is mathematically in your favour. Negative EV means that, over the long term, this type of bet would lose money at the given odds and terms if your probabilities are accurate.