1. How To Calculate Multiple Odds
2. How To Calculate Double Bets
3. How To Calculate Multiple Betsy
4. How To Calculate Multiple Percentages

Calculator - IMPORTANT - to calculate multiple bets you need to adjust the prices you use. They have to be boosted by 2 points - by that i mean 4/1 now becomes 6,7/4 becomes 15/4,and 13/8 becomes 29/8. So,now the above bet becomes 6 times 15/4 times 29/8. Just multiply out = £81.56. Bet calculator at oddschecker helps you work out odds and winnings for multiple bets. Combine the bets to calculate the acca and permutation betting totals.

Whether you are new to the world of betting or somewhat of an old hand when it comes to having a flutter every now and again, you will undoubtedly be aware of the sheer range of options at bookmakers like Betfair and Paddy Power when it comes to having a bet.

While putting money on a horse winning a race may sound like a relatively straightforward matter, there is a wide range of bets available. For example, are you planning to keep it simple with a single bet on one race? Or, alternatively, are you looking to take a chance on a larger gamble with an accumulator?

1. System bets offer the possibility to play several bets on one betting slip. So even if not all your tips turn out to be correct, you can still win money. Let’s have a look at an easy sample – the 2 of 3 system-bet. The possible winning-amount on your betslip always shows the maximum you can win.
2. Initially, multiples weren’t available on betting exchanges, you could only place this type of bet at the bookies. However, because of the popularity of multiple bets, BETDAQ led the way and became the first company to introduce multiples to exchange betting. Multiples are also available on Betfair. When you place a multiple bet on the.

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.

What is an odds calculator?

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. Once you’ve provided this information, you will then be asked to enter the odds on your bet and also the stake that you’ve placed on it. 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.

Clear benefits

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.

Fractions vs decimals

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. The concept operates on the straightforward notion that you simply multiply a stake by the decimal shown and the outcome will be your total winnings. For example, if you place a £1 bet on a horse with odds of 4.00, you will get a return of £4.

While the use of decimals may seem very simple in that respect, it is worth bearing in mind that the concept offers up one fundamental difference in comparison to the use of fractional odds. When it comes to decimal odds, your stake is always factored into the return that you calculate but this is not the case when following the fraction method. In terms of the latter, if you put £1 on odds of 4/1 you will receive £4 in profit but also get your £1 stake back too – so £5 in total. 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.

A better understanding

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.

Whatever your level of experience, taking some time to gain a better understanding of how the different formats for odds work can be an important step towards making informed decisions on your betting. Furthermore, the use of odds calculators can help you fully understand how specific combinations of bets could put you on the path towards winning big and also ensure you are fully aware of the winnings that you are due.

Discovering how much money you stand to win on a bet can be difficult sometimes; while understanding that a 7/1 winner will return you £70 in winnings for a £10 stake is relatively easy, what happens if you’ve backed a horse £7 each way at 18/11?

Use this simple betting calculator below to work out your bet returns:

How to use the Simple Betting Calculator

How To Calculate Multiple Odds

Bets also get more complex when you start involving more selections, such as in Doubles, Trebles, Trixies, Patent’s and many more. What you need to remove any doubt about how much you stand to win, or are going to wager, is a simple and reliable betting calculator.

Here’s how to use it:

Step One: The Stake, Each Way and Bet Selection List

The first step of the process is to enter the basic parameters of your bet in the boxes at the top of the page.

– Stake: In this box you simply enter how much you want to bet as your Unit stake (how much it will cost you to make one bet).

– Each Way: If you want your bet to be an each way bet then tick this box.

– Bet Selection List: The final box is the drop down list of available bets. Here you have a list of twelve of the most popular bets you can make. Single, Double, Treble, Accumulator, Trixie, Patent, Yankee, Canadian, Heinz, Super Heinz, Lucky 15, Lucky 31 and Lucky 63. Simply pick which bet it is you are making from the box below and the calculator will do the rest.

Step Two: Entering the Bet Details

The next stage of the process is to enter the details of your bet and you can enter your odds in one of two formats, either as a fraction (such as 11/2) or as a decimal (3.5).

For a fractional bet enter the first number of the odds (the numerator) in the first box and the second (the denominator) in the second.

For decimal odds, simply enter the decimal odds stated for your selection in the box provided.

If you are making multiple selections in a calculation, you must use the same format odds for the calculator to work, so you cannot have a mixture of decimal and fractional odds in one calculation.

After you have entered the odds details, you can then edit the odds that each way bets are paid out.

Most often, each way bets are paid out at ¼ odds, but occasionally bookmakers may offer slightly better odds on races and this can be reflected by altering the each way price.

Of course, you don’t need to alter the each way price if you are not making an each way bet.

The final tick box, labelled 1st, is simply to indicate whether an each way bet selection finished 1st in the race. If it did, then you indicate it here by ticking the box. If it finished in the places, then you leave this box unticked.

Once you have entered the above details, click the blue Calculate button and your bet will be calculated.

Step Three: The Results

The results of the calculation are clearly displayed at the bottom of the calculator. It shows how much the bet cost you (Outlay), how much your winning bet returned in total (Returns) and how much of those returns were net profit (Profit).

How To Calculate Double Bets

Profit is calculated by subtracting your initial bet, from your returns.

– Outlay: One important thing to note about the Calculator and the Outlay box is that if you are placing a bet that contains more than one selection (such as an Each Way bet, a Patent, Trixie, Heinz, Super Heinz, Yankee, Canadian or similar) then the Outlay box will identify how much your bet will cost in total.

Remember, because these types of bets are actual multiple bets all rolled into one, to place these bet will cost the number of bets made, times your stake.

For example, in an each way bet, this is actually two bets, one for your selection to win, and one for it to be placed. As such, an each way bet is 2 x your unit stake. So if you put your stake as £10, a £10 each way bet would actually cost £20.

How To Calculate Multiple Betsy

Things get more complicated with bets with many selections (such as Yankees, Patents and similar) where there can be upwards of 10,20 or even 50 individual bets running on the one wager.

How To Calculate Multiple Percentages

It is a good idea to check the Outlay box therefore if you are going to use the calculator to place these types of bets in particular as they will give you a clear indication of how much they will cost.

For example a £1 Canadian bet would cost £26 to place as it is 26 different bets.