Bet Calculator – Work Out Your Returns
American Odds are simply one way to express odds. There are two basic types, favorites and underdogs. Favorites come with a — symbol attached. The higher the absolute value of the number, the better the chance the bet will win. So for example a favorite has a better chance to win than a favorite. The higher the number, the larger the underdog. American Odds can easily be converted into other odds such as decimal or fraction , using our free online calculator.
Most, if not all, sites also offer odds in those formats, by simply choosing your preferred format. If you bet on a horse to win, the horse must finish first. If you bet to place, the horse can finish first or second.
The most conservative wager is the show wager where a horse can finish first, second or third giving you three chances to cash your ticket. Odds on the toteboard are for win wagers only and are approximate with the final payoff based on the final count of wagers from all simulcast outlets.
Wagering on horseracing is based on the "pari-mutuel" system. In the pari-mutuel system, the track or simulcast outlet gets a percentage of what is wagered called the "takeout.
Payoff odds in horse racing are calculated by sharing the remaining pool after takeout among all placed bets. Whether a favorite wins or it's the longest shot on the board, the track or simulcast outlet gets the same percentage out of your wager. Tracks want you to win so you will re-bet that money. To figure the cost: Multiply the number of horses in the first leg by the number of horses in the second leg, times the amount of your Daily Double.
An exacta, also known as a perfecta at some horse racing tracks, means you must select the first two finishers in exact, or perfect order. By playing an exacta part wheel, you increase your chance of winning while also increasing your cost. Play the wheel or part wheel if the horse you have on top is a longshot or; if you like the favorite to win but have a couple of longshots that could be second.
Do an Exacta Part Wheel if you like a horse to win but several horses you like to come in second. Multiply the number of horses used on top or the win position of the exacta with the number of horses used in the second position less one if the same number is used on top in the exacta. Do you see a horse that has "seconditis"?
You can also do an Exacta Wheel or Part Wheel with your top choice or choices in the second position such as:. The Exacta Box means your selections can finish first or second in any order. When using three or more horses in your Exacta Box, any two of your horses must finish first and second.
Multiply the number of horses used by the number of horses used less one. Other exacta combinations include:. In a Quinella, you select two horses and they can finish in either order. It is basically the same as an Exacta Box. Our site is divided into sections to make finding your desired offer easier. The site is split out into free bet offers which covers sports betting, casino offers, poker offers, bingo offers, and games offers. This is why we keep you up to date with the latest news from the world of sport.
Our news page not only previews upcoming events, but the articles are also packed full of betting advice. Know what you want to place your bet on and are just looking for the best odds?
Then we have you covered. Check out our event pages which show which bookmaker is offering the best odds on that particular market. Our site also has a bet calculator. This means you can find out what you stand to win from your chosen bet, no matter what the sport or type of bet.
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