You can use the betting calculator to figure out your returns on an ‘each way’ bet that you place. You simply enter the odds of your selection, each way stake and then make sure you also insert each way places and fractional odds. Through this, the calculator will then tell you your return if the horse wins and a second return should the horse place.
Each way bet calculator
Types of bets you can calculate
There are many different bets you can place on Horse Racing. There simple ones such as singles, doubles and trebles, which can be easily calculated. You can also add more selections on and make it into an accumulator bet. The more complicated bets are more complex but still are popular such as lucky 15’s, lucky 31’s and lucky 63’s. Others include the Patent bet Yankee and more. All of these are explained below:
A double bet is when you have two selections in one bet, so both selections must win for the bet to win. The returns can be accessed using a bet calculator, with the winnings of the first selection all going on the second to get a final total. Simply enter your stake and the odds of your two selections.
A treble bet is like a double bet but this time with three selections, all of which must win. The bet returns can be worked out using a betting calculator, inserting all three prices with your stake, which goes onto each selection for a final return.
A Trixie bet is a little more complicated. Like a treble, it consists of three selections however there is four bets, hence your stake is four lots. The bet involves a treble of all three selections and three doubles, with all of the selections combined. You can use a bet calculator to see your returns based on your odds and how many selections win but remember, you must divide your stake by four in the calculator.
An accumulator bet often consists of more than three selections, with one stake and all selections must win for the bet to continue. The winnings of each selection goes onto the next to calculate the winnings. Again, you can use a bet calculator to work this out, by entering your stake and the odds of each selection.
A yankee bet consists of four selections and 11 bets through the selections, 6 doubles, 4 trebles and a four-fold accumulator. In order to calculate the returns, simply enter the selections odds, select if they won, placed or lost and then divide your stake by 11 to work out your initial stake.
The patent bet is a bet with three selections and seven bets, three singles, a treble and three doubles combined. You could use the bet calculator to work out the returns by inserting the prices of all your selections, putting in if they won or lost and then dividing your total stake by seven to work out your stake.
Lucky 15 Calculator
The Lucky 15 bet is perhaps the most popular bet amongst punters in horse racing. As obvious in the title, there are 15 bets across four chosen selections. There are four singles, six doubles, four trebles and a four-fold accumulator, which if successful can lead to a large pay out.
In order to calculate the returns using the bet calculator, enter the odds of your four selections, if they won, lost or placed and then divide your stake by 15 to enter in the stake box to calculate your returns.
Lucky 31 Calculator
The Lucky 31 bet is like the lucky 15 however this time there is 31 bets across five selections. There five singles, 10 doubles, 10 trebles, five four folds and a five-fold accumulator within the 31 bets.
To calculate your returns using the bet calculator, enter the odds of each selection, whether they won, lost or placed and then divide your total stake by 31 to get your stake total.
Lucky 63 Calculator
The lucky 63 is like the above however this time you must choose a total of six selections. Like the name suggests, there is 63 bets across the six horses, 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator.
The bet calculator can be used to work out your returns, by entering the odds of your selections, selecting if they won, placed or lost and entering your stake, the total of which must be divided by 63.
Rule 4 bets
Rule 4’s is common in racing and occurs when there are non-runners, which effect the price of your selection.
Should you choose a selection and then later, a runner is withdrawn you may suffer a rule 4 which will mean a decrease on your returns. The bet calculator will help you to total what your returns will be, enter the price of your selection and then select the rule 4 total, which you will find on your bet slip.
Dead heat calculator
A dead heat occurs in racing when two horses cross the finishing line together and the judges can’t decide who has won so both are joint winners and a dead heat is declared for betting purposes.
This means your returns are usually halved, again the betting calculator comes in handy, allowing you enter in the odds of your selection and then selecting your dead heat percentage, which can be found on the bet slip.
Different odds formats
The bet calculator allows you to enter in your odds from different formats from fractions to decimals. Make sure this is right from looking at your slip, it could either read as 2/1, which is the decimal equivalent of 3.00.
Returns vs profit
At the bottom of the bet calculator, it will tell you your overall returns and then your overall profit, both of which will be different.
Your returns will be the amount of money you get back, this is your winnings and your initial stake while your profit is simply the money you have made, this minuses your stake.