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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.
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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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