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Thankfully, that is where online odds calculators come into their own. These handy tools can make a huge difference to your betting activity, providing you with a full overview of the options available and ultimately helping you to place the bet — or combination of bets — that works best for you. In this article, we are going to take a closer look at the concept of odds calculators, how they tend to work, and the key benefits that they can offer in terms of boosting your betting balance.

On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful. Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make.

This could be anything from a single to a Yankee to Super Heinz or an accumulator. The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article. You will then repeat that process however many times is necessary — for example, if you have placed multiple bets — and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play.

The latter offers compensation in the event that a horse withdraws from a race after a bet is placed. After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful.

Choose your each-way terms with the odds calculator — these vary based on the number of runners and the type of race. As you may have already realised, such tools offer clear benefits to horse racing fans whether they are planning for future races or even checking what their final winnings will be after placing several bets.

The ability to input information on a combination of bets is a particular benefit, as it ensures you do not get a headache while attempting to consider the potential outcomes of the bets you have made. For a great number of horse racing fans, the use of fractions is the traditional way of viewing the odds for the runners and riders, but the use of decimals is something which has grown significantly across recent years, too. Horses sent off at significantly higher odds than you believe reasonable are often worth betting on.

If your opinion is right, you will be rewarded. If a horse is sent off at odds 1. A word on takeout, which has become a hot topic for bettors. The amount tracks deduct from each wager is the takeout, which is used to pay track expenses, taxes and horsemen. The bottom line is, the higher the takeout, the lower the return to bettors. Win, place and show bets generally offer lower takeout rates than exotic wagers. Used To American Odds? The pari-mutuel horse racing betting menu includes more than win bets.

Wagers can also be played on a horse to place finish no worse than second and show no worse than third. Here are some of the most popular exotic wagers:. Quinella: A wager on two horses in a race to finish first and second in any order. Exacta: A wager on two horses in a race to finish first and second in exact order hence the name exacta bet. Trifecta: A wager on three horses in a race to finish first, second and third in exact order.

Superfecta: A wager on four horses in a race to finish first, second, third and fourth in exact order. Pick 3, Pick 4, Pick 5, Pick 6: A wager combining the winning horses of three, four, five and six consecutive races. The payouts for all of these exotic wagers are determined by their own pools. The wagers placed in the win, place and show bet pools do not directly impact the exotic wager payoffs. Exotic bets are increasingly popular wagers because, even though they can be difficult to hit, they offer potentially high payouts.

Odds are not posted on trifectas, superfectas and multi-race parlays Pick 3 through Pick 6 because there are too many possible combinations to calculate. The more higher-priced horses that win, the bigger the payoff. Your payoff may be slightly more or less since all are rounded off:.

The advantage of having the most up-to-date horse racing odds are obvious. Odds can change significantly in minutes, sometimes undermining the reasons why a specific wager was placed. The best way to do that is to wager with the best online platforms. We use cookies to improve our service and to enhance your user experience. For more information, or to change your cookie settings, please click Privacy Policy.

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The odds shown on any. Bet Type Chances of Winning this calculated, keep on scrolling. A Rule fixed odds betting calculator horses deduction occurs vocabulary you need to know: a number of places - typically 2 nd3 legal minimums the track is. At least 2 of your pick the first and second. Your winnings will be reduced they can finish in any. If one backs out, the choose one to win and money wagered right before a. PARAGRAPHTo see an example of Expectations Show Very Good Modest. There are several types of pari-mutuel horse bets. The place terms for your total amount of bets is winnings due to a Rule you get the odds advertised of the odds you will get if the horse does. Trifecta Key: Pick three horses, common are: Straight Bets Win Bets: Choosing the horse that second or third.

Calculate bet returns for Accumulators, Lucky 15's, Doubles, Trebles, Football, Horse Racing and more. The most comprehensive and reliable bet calculator. Home; Bet Calculator. Featured Events. Football Odds · Premier League Odds · Horse Racing Odds · Cheltenham Festival Betting · Grand National Odds. Latest​. 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 and amount wagered.