How To Calculate Multiple Bets
Discovering how much money you stand to win on a bet can be difficult sometimes; while understanding that a 7/1 winner will return you £70 in winnings for a £10 stake is relatively easy, what happens if you’ve backed a horse £7 each way at 18/11?
Assuming the odds for a home win are 6/4 (2.50) and the stake is £100 the manual calculation is as follows: £100 (Stake) multiplied by 2.50 (Odds Including Stake) equals £250. The return is two and a half times the stake and the profit is £150 (Return Minus Stake). The same principles apply to more complex bets such as a double. Find below some useful betting charts and tables showing the number of selections for various permutations. Also shown are the numbers of bets for some of the well know bet types offered and promoted by bookmakers like Lucky 15, 31, 63, yankee, canadian, heinz, goliath. Bet Calculator Our Bet Calculator allows you to automatically calculate the Payout for any given combination of Stake and Odds, including Multiples. Enter the Stake and Odds for your bet and the Bet Calculator will automatically calculate the Payout. Add Odds for Multiples. About our bet calculator. Our bet calculator is both an odds calculator and a bet cost calculator. It is a free tool that calculates the cost and winning return of every different bet type. It is the perfect accompaniment for your horse and sports betting needs. Other useful calculators. Use a bet calculator to work out the returns from any type of bet from singles to complex system and multiple bets. Calculations take into account the stake, odds and type of bet to calculate the return.
Use this simple betting calculator below to work out your bet returns:
How to use the Simple Betting Calculator
Bets also get more complex when you start involving more selections, such as in Doubles, Trebles, Trixies, Patent’s and many more. What you need to remove any doubt about how much you stand to win, or are going to wager, is a simple and reliable betting calculator.
Here’s how to use it:
Step One: The Stake, Each Way and Bet Selection List
The first step of the process is to enter the basic parameters of your bet in the boxes at the top of the page.
– Stake: In this box you simply enter how much you want to bet as your Unit stake (how much it will cost you to make one bet).
– Each Way: If you want your bet to be an each way bet then tick this box.
– Bet Selection List: The final box is the drop down list of available bets. Here you have a list of twelve of the most popular bets you can make. Single, Double, Treble, Accumulator, Trixie, Patent, Yankee, Canadian, Heinz, Super Heinz, Lucky 15, Lucky 31 and Lucky 63. Simply pick which bet it is you are making from the box below and the calculator will do the rest.
Step Two: Entering the Bet Details
The next stage of the process is to enter the details of your bet and you can enter your odds in one of two formats, either as a fraction (such as 11/2) or as a decimal (3.5).
For a fractional bet enter the first number of the odds (the numerator) in the first box and the second (the denominator) in the second.
For decimal odds, simply enter the decimal odds stated for your selection in the box provided.
If you are making multiple selections in a calculation, you must use the same format odds for the calculator to work, so you cannot have a mixture of decimal and fractional odds in one calculation.
After you have entered the odds details, you can then edit the odds that each way bets are paid out.
Most often, each way bets are paid out at ¼ odds, but occasionally bookmakers may offer slightly better odds on races and this can be reflected by altering the each way price.
Of course, you don’t need to alter the each way price if you are not making an each way bet.
The final tick box, labelled 1st, is simply to indicate whether an each way bet selection finished 1st in the race. If it did, then you indicate it here by ticking the box. If it finished in the places, then you leave this box unticked.
Once you have entered the above details, click the blue Calculate button and your bet will be calculated.
Step Three: The Results
The results of the calculation are clearly displayed at the bottom of the calculator. It shows how much the bet cost you (Outlay), how much your winning bet returned in total (Returns) and how much of those returns were net profit (Profit).
Profit is calculated by subtracting your initial bet, from your returns.
– Outlay: One important thing to note about the Calculator and the Outlay box is that if you are placing a bet that contains more than one selection (such as an Each Way bet, a Patent, Trixie, Heinz, Super Heinz, Yankee, Canadian or similar) then the Outlay box will identify how much your bet will cost in total.
Remember, because these types of bets are actual multiple bets all rolled into one, to place these bet will cost the number of bets made, times your stake.
For example, in an each way bet, this is actually two bets, one for your selection to win, and one for it to be placed. As such, an each way bet is 2 x your unit stake. So if you put your stake as £10, a £10 each way bet would actually cost £20.
Things get more complicated with bets with many selections (such as Yankees, Patents and similar) where there can be upwards of 10,20 or even 50 individual bets running on the one wager.
It is a good idea to check the Outlay box therefore if you are going to use the calculator to place these types of bets in particular as they will give you a clear indication of how much they will cost.
For example a £1 Canadian bet would cost £26 to place as it is 26 different bets.
Use a bet calculator to work out the returns from any type of bet from singles to complex system and multiple bets. Calculations take into account the stake, odds and type of bet to calculate the return.
How to use the bet calculator
The bet calculator is easy to use and the basic function is to work out the profit or loss from a winning or losing bet. Bets can be settled manually but this process can be time-consuming and is subject to human error. Bet settlement is made easier by the use of basic factors. These numbers equate to the return including a stake unit based on the odds. So, for example, the basic factor for 2/1 is 3.00. Therefore, a stake of one unit results in a return of 3 units at odds of 2/1.
Here are the simple steps that must be followed to make use of the bet calculator:
- Select the bet type such as single or Lucky 15
- Specify the type of odds: fractional or decimal
- Enter the stake unit
- Click each way if appropriate
- Enter the odds for each horse
- Specify the place terms
- Enter the result: win, lose, placed
- Click Calculate
The betting odds calculator displays the return and profit or loss.
STAKE
EACH WAY
ODDS
RULE 4
How To Win Multiple Bets
How are the bets calculated?
The returns from a bet are determined by the stake, odds and result. The most basic bet is a single which is a bet on one event and one outcome. For example, in a Premier League match, the match odds are for a home win, away win and draw. Assuming the odds for a home win are 6/4 (2.50) and the stake is £100 the manual calculation is as follows:
£100 (Stake) multiplied by 2.50 (Odds Including Stake) equals £250.
The return is two and a half times the stake and the profit is £150 (Return Minus Stake).
The same principles apply to more complex bets such as a double. This bet involves two outcomes which both must win for the bet to be successful. The return from the first element is placed on the second including the stake. The odds are multiplied or accumulated and the return and profit are based on the combined odds.
There are two stages in the calculation of a double so the use of a betting odds calculator is less time consuming and less prone to inaccuracy.
So, let’s assume the bet is a £100 double at odds of 2/1 (3.0) and 3/1 (4.0) Here are the two steps required to work out the return which is a function of a free bet calculator.
- £100 at 2/1 (3.0) equals £300
- £300 at 3/1 (4.0) equals £1200
The profit is £1100 which equates to odds of 11/1 (12.0). The odds are multiplied to calculate the return. The same method is used to calculate the return from a treble which includes three outcomes. An accumulator includes four selections or more. The bet calculator is more efficient as the number of selections increases.
Advanced betting odds calculator functions
The most basic function is working out the returns from a win single bet. Bettors like to back an option to be placed which means winning or occupying a set number of places. In betting on horse racing in the UK place terms apply to races depending on the number of runners and whether the race is a handicap or not. The bet calculator works out the return from the win element and the return from the place element and calculates the total figure. An each-way bet is in essence two bets: win and place. The place terms are the number of places for bet settlement and the fraction of the odds that apply if the horse is placed.
It is rare but possible for two or more horses to pass the finishing line at exactly the same time. A photograph determines the result when the finish is close and the result cannot be determined by the naked eye. When that is the cases the result is declared as a dead heat because the horses cannot be separated at the line. Dead heat rules apply for bet settlement. The total stake is apportioned to the backed horse and the unbacked horse in a dead heat. The bet calculator will take dead heat rules into account when calculating the return from a bet. In the event of a dead heat, a button must be clicked in the bet calculator and the return is adjusted accordingly.
Betting odds calculation
The three most common odds formats are decimal, fractional and American. You can use the betting odds calculator to make a conversion from one format to another. Bookmaker odds can be displayed in these three formats and the bet calculator displays the odds in the same way. The basic calculation is the same for each odds format.
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Rule 4 Calculator
If a horse is withdrawn from a race close to post time there might not be enough time to form a new betting market. The odds are therefore not an accurate measure of the probabilities. If the favourite is withdrawn the other horses have much better prospects and the odds are too big. In this case, the returns are adjusted based on the price of the horse when it was withdrawn. There is a sliding scale and the shorter the price of the withdrawn horse the bigger the adjustment. These rules come under the name of Rule 4 deductions. Therefore, you can specify the percentage deduction in the bet calculator and the returns will be adjusted accordingly.
Why use the bet calculator?
Odds can be complex and stakes are not always for a common unit, such as £10. It’s easy to work out the returns from a £10 win single bet at 2/1 (3.0). However, bets often have more elements such as each way, dead heats, Rule 4, complex odds and uncommon stake units. System and accumulator bets combine a number of options. You are assured of speed and accuracy using the bet calculator. The profits and returns will be correct and mistakes can happen when bets are settled manually.
Other bet type calculators
Where to place your bet
On this site, you will find a comparator of betting sites and all the offers. Here you have our suggestion for your bets: