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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
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