What is a bet calculator?
Using a bet calculator gives you a simple yet powerful way of fully understanding your wagers. 🌝 This easy-to-use tool lets you see in a flash how much you could win if your prediction comes true. Just 🌝 fill in a few basic details and you’ll instantly see the potential winnings so that you can then decide if 🌝 it’s worth a flutter or not. Paddy’s bet calculator includes all the bet types and conditions that you’ll find across 🌝 our site. This includes each-way bets, accumulators, and the rest. So, let’s see how it works for you to understand 🌝 the full value of any punts placed.
Bet type Single Double Treble Fourfold Fivefold Sixfold Sevenfold Eightfold Accumulator Trixie Yankee Canadian 🌝 / Super Yankee Patent Lucky 15 Lucky 31 Lucky 63 Heinz Super Heinz Goliath Super Heinz with Singles Super Goliath 🌝 Odds Type Fractional Decimal Stake Conditions Each Way Rule4 Dead Heat # Odds EW R4 DH Win/Place 1 @* ✕ 🌝 *@ / 1/2 1/3 1/4 1/5 – 2 horses 3 horses 4 horses Win Lose @* Placed *@ Void/NR + 🌝 Add row Winnings Returns 20.00 Profit 10.00
How does the bet calculator work?
At the heart of our brainy bet calculator is 🌝 a tool that works out all the figures you need to know. It takes into account the following factors that 🌝 you’ll be asked to enter:
Bet type – for example, a single bet on a particular race or event, an accumulator 🌝 covering several events or a more complex wager like Yankee or Super Heinz
Odds type – choose for the odds to 🌝 be represented in fractional (e.g. 2/1) or decimal (e.g. 3) format
Stake – this is how much you plan to wager 🌝 on the bet
Conditions – you have the chance to add any special terms you want to include
You can then look 🌝 at the win/lose/void section, which is automatically set to ‘win’ when you start.
Naturally, if you work out the figures for 🌝 a losing bet, the profit or loss result will be a loss of your stake. A voided bet will see 🌝 your stake returned to you, but in the case of an accumulator, the rest of the bet will stand.
If you 🌝 mark the bet as a win, the calculator will take into account the different factors to tell you how much 🌝 you would pocket. In those cases where you mark it as an each-way bet, a dead heat or rule 4, 🌝 you’ll be asked for some more information to make the result completely accurate.
How to use a bet calculator
You don’t need 🌝 to be a tech wizard to use our bet calculator, even Paddy himself can use it, but you do need 🌝 to take a moment to make sure that the details you put into it are all bang on. The best 🌝 idea is to start at the top of the page and work your way down through each field.
Let’s start with 🌝 the easiest example of a single bet, where you need to complete the following fields:
Choose the bet type as ‘single’ 🌝 using the drop-down list
Select the odds type as fractional or decimal
Enter the amount you might stake
In this way, we see 🌝 that a £10 stake at odds of 2/1 gives you a potential return of £20. Just change the stakes or 🌝 the odds to see how this changes the winnings. If you want to work out the numbers for an accumulator, 🌝 choose ‘accumulator’ as the bet type and then select the ‘add row’ button until you’ve included all of the different 🌝 parts. Don’t forget to add in the correct odds for each different part of the bet.
Other types of bets
