Two components, two settlement paths
The win part pays only on a winning finish; the place part pays when the runner finishes within the paid positions. Equal stakes are common, but the calculator also accepts different amounts on the two parts so an amended receipt can be reconciled.
Place decimal odds are 1 + (win decimal odds − 1) × place fraction. At win odds 9.00 and a fraction of 1/5, place odds are 2.60. Ten units on each component cost 20. A qualifying third-place finish returns 26 before adjustments, giving a net profit of 6.
Check the finishing order and result status before entering the outcome. The dead-heat explanation provides context when more than one runner shares a placing; use your accepted settlement terms.
Choose the accepted place terms
Paid places and place fractions come from the market terms, not simply the finishing order. Offers can differ by field size, race type and operator. Presets for common fractions are conveniences; choose custom to enter another numerator and denominator.
The tool does not automatically change terms after a withdrawal. Enter the final terms applied to the receipt. Starting price guarantees, extra-place promotions and tote place dividends are not inferred from the race result.
Win and place dead heats can differ
A conventional dead-heat share is remaining entitled positions divided by the number of tied runners, capped at one. Two horses sharing one final paid place use a share of 1/2; three sharing two remaining places use 2/3. Enter those numerator and denominator values for each component.
A tie for first may halve the eligible win stake but leave the place stake whole when both runners fit within the paid places. The eligible share multiplies the full component return, including returned stake. Use the first occupied tied position as the finishing-position input.
Non-runners, deductions and the scenario table
Choose between a runner that competed, a non-runner refunded on both parts, and a non-runner treated as a loss under the terms you accepted. The tool does not decide which withdrawal rule applies. Win and place deductions can be entered separately as percentages of component winnings.
The position table shows isolated finishing-position scenarios with the same terms and shares. It does not predict placings. Commission is applied once to positive combined profit under the stated model; where an operator treats win and place as separate markets, calculate those charges separately.
Practical questions
Is £5 each way a £5 bet?
No. It is £5 to win and £5 to place, so the total stake is £10. Check whether your input is per part or the total.
Can I use the same place terms for every race?
No. Use the fraction and number of places you accepted. A runner’s finishing place alone does not tell you those terms.
Before you use the result: check your stake, accepted odds and settlement rules. These calculations use the values you enter.