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Horse betting odds calculator

horse betting odds calculator

Odds Shark's sports betting odds calculator is a great tool for your handicapping arsenal. Find out what you'd win based on the odds & amount wagered. These odds do not represent the probability of a particular horse winning, but the payout ratio for a win wager. For instance, if you bet $1 on Horse B and. Add the Timeform Odds Bet Calculator to your website! While putting money on a horse winning a race may sound like a relatively straightforward matter. OPEN CHAMPIONSHIP ODDS

Again, one winner gives a return. At least 2 of your selections must win for you to get a return. Each-Way Rules In horse-racing, an each-way bet is essentially two bets in one. The first is a bet on your chosen horse to win. The second is a bet on your chosen horse to place. Obviously a win means finishing first. A place means finishing either first, or in one of a number of places — typically 2nd, 3rd or 4th.

Make sure you check the place terms before making your bet. The place terms for your bet include, the number of places the bookmaker will pay out on, and the fraction of the odds you will get if the horse does place. This above tool acts as an each-way bet calculator. Simply tick the relevant box.

Rule 4 Rules A Rule 4 deduction occurs when the winnings of your bet are reduced due to another horse being withdrawn from the race after your bet has been placed. For example, if a horse pulls out of the race at the last minute, and is declared a non-runner. The odds shown on any horse are based on all horses competing. If one backs out, the odds will change — even if you have already placed your bet.

Unfortunately, if this happens the odds are going to get shorter. So your potential winnings will go down. Our betting odds calculator allows you to convert fractions, decimal and fractional odds with ease. The odds calculator above will do all that and more with one easy click. First, you will be able to quickly calculate the potential payout you stand to earn from any sports bet. The bet calculator cuts out the potential for human error. Second, you can covert betting odds between American odds, fractional odds and decimal odds.

This is helpful, because betting odds are often presented in different formats. Most sports bettors have a preferred betting odds format, so this tool allows you to quickly switch to the format you are most comfortable with. Finally, it provides you with the implied probability of success that the betting odds suggest.

The sections below explain the different betting odds formats and what they mean. To figure out your potential profit, you simply have to follow these steps: Enter your betting amount. Choose your preferred format. Enter the odds, and it will tell you the equivalent odds in American and decimal formats, plus the chance of success the implied probability that the odds suggest.

Our betting odds calculator allows you to see what 1. Set the preferred format to decimal. Enter 1. What are American Odds? American odds do not include the return of your bet amount.

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