How are betting odds calculated
Betting odds are calculated by the probability of
something happening. For example, if the odds are 👄 4-1 this suggests there is a 1 in 5
chance of winning (4+1), or calculated as 1 / (4+1) = 👄 0.2 which means there is a 20%
chance of the outcome happening. The winnings you would receive from a bet 👄 is
calculated by multiplying your stake by the odds. So a stake of £1 would pay £4 profit,
plus your 👄 stake back, which is a total return of £5.
Calculating your winnings from a
single selection is fairly straight forward, however, 👄 when placing more complex bets or
multiples it’s advised you use an odds calculator.
Bet Calculator Description
Using the
reliable Racing Post 👄 Bet Calculator will allow you to work out your returns for bets
like Lucky 15, Doubles, Yankee, Accumulator and much 👄 more. With a bet calculator you
can compare different outcomes of the different kinds of bets and how they may 👄 affect
your profits before you even place your bet!
How to use the free bet calculator
It’s
incredibly simple to use the 👄 betting calculator to work out your winnings. The best
idea is to start at the top of the page and 👄 work your way down through each field.
Follow these simple steps to get started:
Choose your bet type Enter the stake 👄 for your
bet Select which odds format you want to use Toggle the ‘each way’ and ‘rule 4’ buttons
accordingly. 👄 Add the odds for each of your selections You’ll now be able to see your
expected return and profit from 👄 your bet
How to calculate each way bets
When placing a
bet you may have the option to bet ‘each way’ which 👄 means you will get paid out as a
winner if your selection wins, but will also be paid out if 👄 your selection fails to win
but does finish in the top 3 places. An each way bet is split into 👄 two bets, a win-only
bet and a place-only bet, so be careful when placing each way bets as your stake 👄 will
effectively be doubled.
£5 each way on a selection with odds of 10/1 (⅕ the odds, 3
places) will cost 👄 £10 in total (£5 win-only, £5 place-only). The win-only part of the
bet (£5 win at 10/1) would return £55. 👄 The place-only part of the bet (£5 place at 10/1
at ⅕ odds = 2/1) would return £10. If your 👄 selection does win, both bets would cash and
your return would be £70 including your original stake. If your selection 👄 does not win,
but does finish 2nd or 3rd, the place part of the bet would cash and your return 👄 would
be £15.
Each way place terms vary depending on the market and the bookmaker, and this
will impact the odds 👄 of your selection.
How to calculate rule 4 deductions
A rule 4
deduction is a commonly invoked rule that deducts a percentage 👄 of punters’ winnings
owing to the withdrawal of a contender in the betting market. For example, if you bet
on 👄 Horse A at 2/1, but then Horse B who is priced at 1/1 is withdrawn from the race,
the bookmakers 👄 won’t offer you the same odds on Horse A to win the race because the
market needs to be re-formed. 👄 Therefore the bookmakers will invoke a rule 4 deduction
on the odds you were offered, to reduce the potential winnings 👄 in line with what a
re-formed market would look like. The rate of deductions is proportional to the offs of
👄 the non-runner(s) at the time of the withdrawal.
Odds of withdrawn runner Rule 4
Deduction (£) 1/9 or shorter 90p 2/11 👄 to 2/17 85p 1/4 to 1/5 80p 3/10 to 2/7 75p 2/5 to
1/3 70p 8/15 to 4/9 65p 8/13 👄 to 4/7 60p 4/5 to 4/6 55p 20/21 to 5/6 50p Evens (1/1) to
6/5 45p 5/4 to 6/4 40p 👄 13/8 to 7/4 35p 15/8 to 9/4 30p 5/2 to 3/1 25p 10/3 to 4/1 20p
9/2 to 11/2 15p 👄 6/1 to 9/1 10p 10/1+ 5p or None
Benefits of Bet Calculator
At its most
basic level, the purpose of bet calculators 👄 is to assist you in comprehending the
implications of your wagers and ultimately determine the potential returns you could
receive 👄 if your bet is successful. These calculators typically follow a standard
procedure, where they initially prompt you to indicate the 👄 type of bet you have made or
intend to make, ranging from a single bet to more complex bets like 👄 accumulator. Once
you have input this information, the calculator will request the bet and stake amount.
You will have to 👄 repeat this process for each bet you have placed, including additional
information.
What is a Bet Calculator?
A bet calculator is a 👄 tool that is used to
calculate your potential winnings of a bet or multiple bets. It can help a bettor
👄 determine the potential payout of their wager, including the total payout and the
profit that can be made. A betting 👄 calculator can take into account a number of
variables such as the type of bet, the odds of the bet, 👄 the stake or amount of money
placed on the bet, and any potential bonuses or promotions that may be available.
👄 Overall, a bet calculator is a useful tool for bettors to help them understand the
potential outcomes of their bets 👄 and to make more informed decisions when placing
bets.
Who should use a bet calculator?
A bet calculator can be helpful for 👄 anyone who
is placing bets, whether they are a beginner or an experienced bettor. It can be
particularly useful for 👄 those who are placing complex bets with multiple selections,
such as accumulator bets, to make informed decisions about their bets. 👄 Additionally, an
odds calculator is a valuable tool for anyone who wants to improve their understanding
of the betting process.
Popular 👄 Bet Types Explained
Read all about the popular kinds of
bets you can use within the bet calculator, how they are 👄 composed and how they are
calculated. Explained in a simple and easy way for all to understand which bets are
👄 suitable.
What is an Accumulator Bet?
An accumulator within a bet calculator bet also
known as acca or parlay is the type 👄 of bet that combines multiple individual bets into
one single wager. In order to win an accumulator bet, all the 👄 individual bets included
in the wager must win.
What is a Single Bet?
A single bet within a bet calculator is
the 👄 simplest and most common type of sports betting. It involves placing a wager on a
single event or outcome, such 👄 as a particular team to win a game, a player to score a
goal, or a horse to finish first 👄 in a race. With a single bet, you are betting on a
single selection, and if your selection wins, you 👄 receive a payout based on the odds
offered by the bookmaker.
What is a Double Bet?
A double bet within a bet 👄 calculator is
a type of sports betting that involves wagering on the outcomes of two separate events
or selections. Both 👄 selections must win for the bettor to receive a payout. If one of
the selections loses, the entire bet is 👄 lost. This bet type on a betting calculator is
good for bettors who are looking for a higher potential payout 👄 than a single bet.
What
is a Yankee bet?
A Yankee bet within a bet calculator is a type of multiple bet 👄 that
involves 11 separate bets on four different selections. A Yankee bet consists of 6
doubles, 4 trebles, and 1 👄 fourfold accumulator, which means that if all four selections
win, the bettor will win 11 bets. To place a Yankee 👄 bet you must select four different
outcomes or selections, for example four horses in different races or four football
teams 👄 in different matches
What is a Lucky 15 Bet?
A lucky 15 bet within a bet
calculator is a type of wager 👄 that involves making four selections and placing 15 bets
in total, consisting of four singles, six doubles, four trebles and 👄 one four-fold
accumulator. This type of bet is popular in horse racing and is also used for other
sports and 👄 betting events. Since there are multiple bets involved, the total stake for
a lucky 15 bet can be relatively high. 👄 It’s important to consider the potential returns
against the total cost of the bet before placing it.
What is a Lucky 👄 31 bet?
A lucky 31
bet within a bet calculator is a type of full cover bet that involves making 31 👄 bets
across 5 selections. 10 trebles, 5 four fold accumulators, and 1 five fold accumulator.
The bet is called a 👄 ‘lucky’ 31 because it includes an additional five single bets
compared to the lucky 15 bet, which covers 15 bets 👄 across 4 selections. This type of
bet is popular in horse racing and football free bets and can offer high 👄 payouts if all
five selections win.
What is a Lucky 63 bet?
A lucky 63 bet within a bet calculator is
a 👄 type of full cover bet similar to the lucky 31 bet that involves 63 bets across 6
selections. The bet 👄 includes 6 singles, 15 doubles, 20 trebles, 15 four fold
accumulators, 6 five fold accumulators and 1 six fold accumulator. 👄 Again this bet is
popular with horse racing and football free bets. However, the Lucky 63 requires a
higher stake 👄 compared to other full cover bets due to the increased number of bets.
