Horse betting payoff calculator show

True Odds vs. Implied Odds When you decide to bet on sports, it is important to have a grasp on a few things. These are listed below: What are implied odds? What are true odds? Implied odds and true odds are important in determining if you are making a bet that has good value. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet.

Implied odds are the conversion of a sportsbooks offered odds into an implied win probability. A spread bet in football is normally offered at on both sides of the bet. This gives both outcomes a win probability of The implied probability of this spread bet winning would be Let's use the above bet of for both outcomes on a NFL spread bet.

We know that both outcomes have an implied probability of If that same outcome has a true probability of This seems easy, but how do you find true odds? Essentially, true odds are subjective. However, one person can calculate true probability by using predictive models. This is where handicapping comes into play. Only one selection needs to win to get a return.

One winner gives you a return, although some bookmakers offer bonuses for multiple winners. 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 Rule 4 Rules A Rule 4 deduction occurs when the winnings of your bet are reduced due to another horse being withdrawn from the race after your bet has been placed.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.

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The horse racing calculator computes the total number of combinations and total cost of placing a wager. For each exotic wager, the use of a horse racing calculator is highly recommended. Different exotic wagers have different combination possibilities that significantly affect the stakes in cases of multiple combination and so the need for a horse racing calculator in order to keep track of the stakes and earnings is imminent.

A horse racing calculator can reveal the potency of an exotic wager in terms of how many stakes were raised and does the earnings compensate on that. Many punters have moved on from regular win, place or show wager and are now already mastering several types of wager altogether.

Since keeping track of all the figures of the wager, the stakes, the number of exotic wager, the number of possible combinations, and the possible returns of a wager, is a difficult task requiring time and patience, using a horse racing calculator is the way to prevent calculating mistakes and improve the wager process. Calculating the Win Odds on a Horse If you want to calculate the exact win odds on a horse, you will need to use a couple of other figures from the tote board: Total win pool Amount bet on that horse The total pool is all the money bet on all the horses to win, but it is not the amount that will actually be paid out to the holders of winning tickets.

Before the track pays off the winners, they deduct the "take," which is generally between 14 and 20 percent and is different in every state. This money goes to pay state and local taxes, payment for the horsemen, expenses at the track, and the track's profit. To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out.

Divide that figure by the amount bet on your horse to get the exact odds. This figure will always be rounded off to the nearest dime usually or nickel, as mentioned previously, before the payoffs are calculated.