The Moneyline shows either how much you stand to win on a $100 bet (if the Moneyline is positive) or how much you need to bet to win $100 (if the Moneyline is negative).įor example, +500 in Moneyline Odds mean that you stand to win $500 on a $100 bet, while -500 means that you need to bet $500 to win $100 on your bet. Moneyline Odds (also known as American Odds) are still used by bookmakers in the United States. What are Fractional Odds?įractional Odds (also known as Traditional or British Odds) were once used all around the world and remain popular in the United Kingdom, but in Australia they have generally been replaced by Decimal Odds.įractional Odds show you the profit that you will receive on your stake.For example, 5/1 in Fractional Odds mean that you stand to win $5 for every $1 you bet as long as your selection is successful. Next you press the calculate button, the implied probability as well as your profit and total payout will be showed instantly! Odds Calculator – How does it work for the Decimal format?ĭecimal Odds are now the most common odds format in the world and is used by the majority of bookmakers in Australia.ĭecimal Odds show you the return that you will receive on your stake.įor example, 5.00 decimal odds mean that you stand to receive $5 back for every $1 you bet as long your selection is successful. Once you have made your selection, simply enter the odds as well as your stake and then press the calculate button. All you need to do is select either Decimal odds, Fractional odds or Moneyline odds by clicking on their tab at the top of the calculator. Those who handicap horses seriously know that. Photo by BeforeYouBetThe Ladbrokes Betting Calculator could not be any easier to use. These horse racing betting calculators are tools which allow the betting ticket to be made in a matter of minutes. While there aren’t very many no-brainers at the racetrack, taking advantage of a horse racing calculator is just that.Decimal Odds are commonly expressed in Australia and the UK. Horse wager calculator full#While the apps are a great idea for all players, they are particularly essential for novice players, many of whom struggle to fully grasp the full menu of wagers available. Horse wager calculator free#Many online racebooks offer betting calculators and others are offered via free or cheap downloads. Afterall, there’s nothing that can unhinge a player quite like missing a bet that ends up cashing for big money. These kinds of decisions can be ruinous to a player’s bankroll and sanity. The same thing happens to online bettors resulting in missing the race entirely or making a last-minute decision to play the bet even though it’s pricer than expected. Veteran racegoers have all experienced the embarrassment of walking to the window minutes before a race only to realize that their superfecta or Super High 5 costs $36 more than they figured. The value of having a simple app like a horse racing calculator on-hand lies in the ease, convenience and fool-proof way to manage a bankroll and avoid missing out on the action. Here is an approximate guide to what you can expect to get back for a successful win bet at various common odds to a standard. While calculating the cost of multiple race bets such as the double, pick 3, pick 4, pick 5 and pick 6 involves rudimentary multiplication (number of horses used in each race times the base cost of the bet), it can be a bit trickier for many players to quickly and accurately calculate the cost of a single race bet like the trifecta, superfecta or Super High 5 when multiple horses are used in the various rungs of the bet. You simply choose the wager type and amount before selecting the horses to be used in each slot of the bet. Most of the apps and online racing calculators are easy to use. It truly happens more than you think… So how does it work? There’s nothing more embarrassing – or costly – than stepping up to the window or frantically placing an online bet just before post time only to realize you’ve miscalculated the cost of your bet. Some players have a mathematical bent and possess the ability to tabulate the cost of exotic tickets, but the rest of us might need a little help. Horse wager calculator download#Too many distractions can cause sensory overload, so that’s why it’s a good idea to download a horse racing calculator on your smart phone. From handicapping to following the ever-changing odds and betting pools on the tote board, there’s a lot going on at the racetrack.
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