Odds payout calculator horse racing

How much should you bet on a horse? Use the free horse racing betting calculator for handicappers to determine cost of exotic wagers based on wager type and. Using a bet odds payout calculator horse racing 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. To calculate your returns using the bet calculator, enter the odds of each selection, whether they won, lost or placed and then divide your total stake by 31 to. Free horse racing betting calculator for handicappers to determine cost of exotic wagers based on wager type and combinations.

Horse Racing Odds Betting Calculator

What does 30 to 1 odds mean in horse racing? When you see the odds presented as 30:1 or 3:1 that's actually just showing the payout for a winning bet, not the likelihood of that team winning. 30:1 doesn't mean that the team is 30x more likely to win, it means that if you bet on that team and they win you will receive $30 for every dollar you bet.

What is the simple way to calculate odds? You can calculate the odds of occurrence for a particular outcome, such as a disease or disorder, with the following formulas:N = A + B + C + DOR = (AD) / (BC)Where: N is the total number of people included in the study, also known as the sample size. OR is the odds ratio for a particular outcome.

Betting Odds Calculator

As for the odds, the most common number for spread bets is , but that number varies depending on the location, sportsbook and how popular each side is. However, there are states where odds are worse in order to get the state more money such as or This is also called the vig , which is the amount the sportsbook charges per bet.

If two teams are equal, PK will be given alongside a team name which means the matchup is considered a "pick 'em. Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary. These odds may be the easiest of the three to understand just by looking at the numbers.

The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite. The return can be calculated by multiplying the bet with the the decimal odds. Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing.

Also, a lot of sportsbooks in the United States will use fractional odds for futures odds. Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, times 2. With the rise of legal sports betting in the US, there are now a lot of the best sportsbooks for people who want to bet on sports.

It has never been easier to bet on sports in the United States, whether you use your computer or another gadget. Some of the best sports betting apps have welcome prizes that include bonus bets, deposit matches, and much more. You can also use these sportsbooks to find the best prices for the games you want to bet on. One of the best things about legal sports betting is that you can make deposits in many different ways, like with PayPal and credit cards.

This makes it easy for sports bettors to use the site and gives new players a way to get the most out of the betting bonuses they can get. Check out the best sportsbook promos and get started right away. Kentucky is setting the stage for a big sports betting launch, and RotoWire has all the essential updates.

Starting in September , get ready to secure those sought-after Kentucky sportsbooks and top Kentucky betting promos. Odds payout calculator horse racing Decimal: This type of odd is recently introduced to the industry and is more commonly used in Europe. These are displayed in the format of 5.

To get your potential return, multiply the odd by your bet. If the odd is displayed at 5. These are published in either the program, racing form, or online at your sportsbook. Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time.

Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make. One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed.

This fluctuation is called pari-mutuel wagering, or pool betting. With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse. Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables.

Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.

For easy math, we used round numbers. But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. The final step is for that amount to be added back into the winning bet amount.

Here is a breakdown that can make this seemingly complex process more simple:. In actual horse race betting, payout processes depend on the racetrack and rely on the actual odds. They are rounded down to the nearest nickel or dime, which is called breakage. Another key aspect of calculating payouts has to do with which type of bet you place. Depending on the wager, you are going to have anywhere from a very good chance of collecting to a highly unlikely chance.

The more difficult it becomes to win a certain bet, the higher your payout potential goes. Type of bet. Difficulty to collect. Payout potential. Out of all of the most common horse racing bets, the Superfecta is the hardest to hit. The Superfecta often costs a lot to make an effective bet, but if you did, you are likely looking at really big payouts.

Not as hard as the Superfecta, but still one of the most difficult bets to hit. Trifectas often offer high payouts, but they are also expensive given the various combinations you can select. The Exacta is a moderately difficult bet to hit but far more achievable than the Trifecta and Superfecta.

The Exacta is riskier than straight wagers, and the payout can vary widely depending on the odds of the runners and how much you wager. The Win bet is your all-around average bet. The payouts are better than the other straight wagers and are easy to calculate by odds. There is a good chance at hitting the Place bet as your horse just has to finish in the top two.

Payouts are not often high, but they are still bigger than the Show bet. The Show bet is the easiest bet you can place. Show bets offer decent and modest payouts but nowhere near as much as the other options. There are many different aspects to horse racing odds, but they are really not as confusing as they appear.

Once you learn how the odds work, what they are based on, and how to calculate payouts, you will have no problem placing educated bets while knowing your payout potential. Menu Today's Races. Week 17 lines Will Rogers Downs 1 2. Horse Racing. Follow Us.