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How are betting odds calculated Betting odds are calculated by the probability of something happening. For example, if the odds are ♣ 4-1 this suggests there is a 1 in 5 chance of winning (4+1), or calculated as 1 / (4+1) = ♣ 0.2 which means there is a 20% chance of the outcome happening. The winnings you would receive from a bet ♣ is calculated by multiplying your stake by the odds. So a stake of £1 would pay £4 profit, plus your ♣ stake back, which is a total return of £5. Calculating your winnings from a single selection is fairly straight forward, however, ♣ when placing more complex bets or multiples it’s advised you use an odds calculator. Bet Calculator Description Using the reliable Racing Post ♣ Bet Calculator will allow you to work out your returns for bets like Lucky 15, Doubles, Yankee, Accumulator and much ♣ more. With a bet calculator you can compare different outcomes of the different kinds of bets and how they may ♣ affect your profits before you even place your bet! How to use the free bet calculator It’s incredibly simple to use the ♣ betting calculator to work out your winnings. The best idea is to start at the top of the page and ♣ work your way down through each field. Follow these simple steps to get started: Choose your bet type Enter the stake ♣ for your bet Select which odds format you want to use Toggle the ‘each way’ and ‘rule 4’ buttons accordingly. ♣ Add the odds for each of your selections You’ll now be able to see your expected return and profit from ♣ your bet How to calculate each way bets When placing a bet you may have the option to bet ‘each way’ which ♣ means you will get paid out as a winner if your selection wins, but will also be paid out if ♣ your selection fails to win but does finish in the top 3 places. An each way bet is split into ♣ two bets, a win-only bet and a place-only bet, so be careful when placing each way bets as your stake ♣ will effectively be doubled. £5 each way on a selection with odds of 10/1 (⅕ the odds, 3 places) will cost ♣ £10 in total (£5 win-only, £5 place-only). The win-only part of the bet (£5 win at 10/1) would return £55. ♣ The place-only part of the bet (£5 place at 10/1 at ⅕ odds = 2/1) would return £10. If your ♣ selection does win, both bets would cash and your return would be £70 including your original stake. If your selection ♣ does not win, but does finish 2nd or 3rd, the place part of the bet would cash and your return ♣ would be £15. Each way place terms vary depending on the market and the bookmaker, and this will impact the odds ♣ of your selection. How to calculate rule 4 deductions A rule 4 deduction is a commonly invoked rule that deducts a percentage ♣ of punters’ winnings owing to the withdrawal of a contender in the betting market. For example, if you bet on ♣ Horse A at 2/1, but then Horse B who is priced at 1/1 is withdrawn from the race, the bookmakers ♣ won’t offer you the same odds on Horse A to win the race because the market needs to be re-formed. ♣ Therefore the bookmakers will invoke a rule 4 deduction on the odds you were offered, to reduce the potential winnings ♣ in line with what a re-formed market would look like. The rate of deductions is proportional to the offs of ♣ the non-runner(s) at the time of the withdrawal. Odds of withdrawn runner Rule 4 Deduction (£) 1/9 or shorter 90p 2/11 ♣ to 2/17 85p 1/4 to 1/5 80p 3/10 to 2/7 75p 2/5 to 1/3 70p 8/15 to 4/9 65p 8/13 ♣ to 4/7 60p 4/5 to 4/6 55p 20/21 to 5/6 50p Evens (1/1) to 6/5 45p 5/4 to 6/4 40p ♣ 13/8 to 7/4 35p 15/8 to 9/4 30p 5/2 to 3/1 25p 10/3 to 4/1 20p 9/2 to 11/2 15p ♣ 6/1 to 9/1 10p 10/1+ 5p or None Benefits of Bet Calculator At its most basic level, the purpose of bet calculators ♣ is to assist you in comprehending the implications of your wagers and ultimately determine the potential returns you could receive ♣ if your bet is successful. These calculators typically follow a standard procedure, where they initially prompt you to indicate the ♣ type of bet you have made or intend to make, ranging from a single bet to more complex bets like ♣ accumulator. Once you have input this information, the calculator will request the bet and stake amount. You will have to ♣ repeat this process for each bet you have placed, including additional information. What is a Bet Calculator? A bet calculator is a ♣ tool that is used to calculate your potential winnings of a bet or multiple bets. It can help a bettor ♣ determine the potential payout of their wager, including the total payout and the profit that can be made. A betting ♣ calculator can take into account a number of variables such as the type of bet, the odds of the bet, ♣ the stake or amount of money placed on the bet, and any potential bonuses or promotions that may be available. ♣ Overall, a bet calculator is a useful tool for bettors to help them understand the potential outcomes of their bets ♣ and to make more informed decisions when placing bets. Who should use a bet calculator? A bet calculator can be helpful for ♣ anyone who is placing bets, whether they are a beginner or an experienced bettor. It can be particularly useful for ♣ those who are placing complex bets with multiple selections, such as accumulator bets, to make informed decisions about their bets. ♣ Additionally, an odds calculator is a valuable tool for anyone who wants to improve their understanding of the betting process. Popular ♣ Bet Types Explained Read all about the popular kinds of bets you can use within the bet calculator, how they are ♣ composed and how they are calculated. Explained in a simple and easy way for all to understand which bets are ♣ suitable. What is an Accumulator Bet? An accumulator within a bet calculator bet also known as acca or parlay is the type ♣ of bet that combines multiple individual bets into one single wager. In order to win an accumulator bet, all the ♣ individual bets included in the wager must win. What is a Single Bet? A single bet within a bet calculator is the ♣ simplest and most common type of sports betting. It involves placing a wager on a single event or outcome, such ♣ as a particular team to win a game, a player to score a goal, or a horse to finish first ♣ in a race. With a single bet, you are betting on a single selection, and if your selection wins, you ♣ receive a payout based on the odds offered by the bookmaker. What is a Double Bet? A double bet within a bet ♣ calculator is a type of sports betting that involves wagering on the outcomes of two separate events or selections. Both ♣ selections must win for the bettor to receive a payout. If one of the selections loses, the entire bet is ♣ lost. This bet type on a betting calculator is good for bettors who are looking for a higher potential payout ♣ than a single bet. What is a Yankee bet? A Yankee bet within a bet calculator is a type of multiple bet ♣ that involves 11 separate bets on four different selections. A Yankee bet consists of 6 doubles, 4 trebles, and 1 ♣ fourfold accumulator, which means that if all four selections win, the bettor will win 11 bets. To place a Yankee ♣ bet you must select four different outcomes or selections, for example four horses in different races or four football teams ♣ in different matches What is a Lucky 15 Bet? A lucky 15 bet within a bet calculator is a type of wager ♣ that involves making four selections and placing 15 bets in total, consisting of four singles, six doubles, four trebles and ♣ one four-fold accumulator. This type of bet is popular in horse racing and is also used for other sports and ♣ betting events. Since there are multiple bets involved, the total stake for a lucky 15 bet can be relatively high. ♣ It’s important to consider the potential returns against the total cost of the bet before placing it. What is a Lucky ♣ 31 bet? A lucky 31 bet within a bet calculator is a type of full cover bet that involves making 31 ♣ bets across 5 selections. 10 trebles, 5 four fold accumulators, and 1 five fold accumulator. The bet is called a ♣ ‘lucky’ 31 because it includes an additional five single bets compared to the lucky 15 bet, which covers 15 bets ♣ across 4 selections. This type of bet is popular in horse racing and football free bets and can offer high ♣ payouts if all five selections win. What is a Lucky 63 bet? A lucky 63 bet within a bet calculator is a ♣ type of full cover bet similar to the lucky 31 bet that involves 63 bets across 6 selections. The bet ♣ includes 6 singles, 15 doubles, 20 trebles, 15 four fold accumulators, 6 five fold accumulators and 1 six fold accumulator. ♣ Again this bet is popular with horse racing and football free bets. 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