Calculator Instructions. Select a bet amount in the left column. Select a bet type in the right column. Select the horses to include in the wager. The total cost of the ticket will appear next to the words Ticket Cost. 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. Usually 1/4 or 1/5. In each-way betting, if your horse wins, you will win both the ‘win’ and ‘place’ parts of your bet. Win Odds and Approximate Payoffs * is the maximum that most track toteboards will show but it can generally be assumed that the odds are greater than Payoffs represent your profit PLUS the return of the $2 you originally bet. A winner at means that will pay $5 profit for every $2 wagered. 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. Odds are simply the way prices and payouts are shown at a horse track. The numbers displayed as or tell you what you pay and how much you get back if the horse you bet on wins. The first number tells you how much you could win, the second number is the amount you bet.

Exotic Bets Exacta: When you pick the first and second place horse in that order. Trifecta: Select the first three finishers in a single race in order.

Trifecta Box: Pick the first three finishers to finish in any order. Trifecta Key: Pick three horses, choose one to win and the others to come in second or third.

Superfecta: Pick the order of the first four finishers in one race. Superfecta Box: Pick four finishers, they can finish in any order. Superfecta Key: Pick four finishers, choose one to win and the other three finish in any order.

Sounds complicated? Best Odds in Horse Racing Now that you know how to read and calculate horse racing odds, you are ready to take the bet!

Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common Glossary: Horse Racing Odds Jargon One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon.

Here are some of the vocabulary you need to know: Fixed-Odds : A bet where you get the odds advertised by the better operator at the time you place your bet.

Please note that AmWager does not used fixed-odds. Late Money : When a horse gets a lot of money wagered right before a race. Odds-On : A term used for a strong favorite to win, when to have to actually spend more to win.

Short Odds : This is a high chance to win, but you will only make a small profit. Free bets valid for 7 days, stake not returned.

This sports promotion cannot be used in conjunction with another Coral. New customer only. Money back as bonus if first racing bet loses.

Wagering requirements: all sportsbook 3x at min. Unless forfeited the racing bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in.

Visit Unibet. Wagering must be cleared within 60 days. This offer may not be combined with any other offer. New customers only signing up using promo code VAL Bet must be placed in first 7 days of account opening.

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As such, the fraction allows you to work out your winnings, but you will also need to factor in that your stake will also be returned to you as well.

It goes without saying that a huge number of people across the globe love betting on horse racing with bookmakers like Betfair and Paddy Power , whether they are attending race meetings in person, following the action on TV, or online via streaming services.

You can get free Timeform tips for every British and Irish horse race and free Infogol tips on Europe's biggest football leagues.

However, it is also true that some can find it a complicated world to navigate around and they often want a bit of a helping hand to get started.

If the dead heat is for first then you should enter 1, if the dead heat is for second then you should enter 2, etc.

Total - the number of joint favourites, more accurately termed co-favourites if there are more than two. Winners - the number of favourites that won the race.

This will normally be 1, since a value of 0 would indicate that your selection did not win. This value will only exceed 1 if joint favourites are involved in a dead heat for first place.

Note: These options are only relevant if you have backed the Unnamed Favourite to win, when more than one favourite has been declared.

Free Bet Calculator Settings. A trixie bet is a 'full cover' bet , which basically means it covers doubles and trebles involving three selections.

Similar to a trixie in that it's a full cover bet, this time 11 separate bets on four selections. Also known as a 'Super Yankee' , a Canadian bet consists of 26 separate bets on five selections.

Total Outlay Total Return Total Profit -. Get the bonus code for Bet Step 1: Generate Your Link Generate a link to share or save. All Potential Bets For Your Selections.

Bet Bonus Code.

You can calculate the odds of the bet you wish to take and work out how much the bet would return if it was a winner by using our simple bet calculator. Just enter the bet type from the options on the drop down menu below, enter your stake and the prices of the your selections and our betting odds calculator will do the rest for you. Work out potential winnings for any type of bet or check winning bets have been settled correctly with our bet calculator. Enter your stake, bet type, odds (fractional or decimal), place terms (if applicable) and then hit the calculate button. For each-way bets select the tick box on the right of the page if your selection has come first. Horse racing odds are the work of professional oddsmakers. These people are integral to the whole sports betting industry, as they are the ones tasked with following every single race, event, horse, and jockey, all as a means to calculate horse racing odds in the most precise way possible.