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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.

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