Parlay Calculator - Calculate the payout for your parlay bet. A Lucky 15 is a popular horse racing bet that covers four selections. Check potential winnings on a single, accumulator, lucky 15 or any other type of bet. These on-line calculators were originally put together for my own use whilst betting and laying horse and football markets. This will help determine your tolerance for risk and how to bet your horse. Alternatively, you could also enter odds of a bet (either in Sport or Horse Racing) and be told how many times you need to find a winner to breakeven and ultimately to make a profit (that is, we can tell you what your. It offers a user-friendly interface that makes placing complex bets like tricasts straightforward. S. Our Betting Odds Calculator converts odds from one format into its various counterparts. Find odds format definitions in our Betting Glossary. Expected Value = (0. For example, if you lay a bet at 1. They are rounded down to the nearest nickel or dime, which is called breakage. 00. Harness Racing Tips. Converting American odds into fractional odds is simpler. Bet Here . Roller Coaster (4) J: Ben Looker 62. Our easy to use Accumulator Bet calculator will work out your winning return. Heinz. Use the Double return calculator to work out your winnings online for all sports. About AceOdds. Dependent on number of runners. To convert positive odds to a decimal, divide the odds by 100 and then add 1. From then on you won’t need to select the. If the first two finishers of the race are either 5-4 or 4-5, the bet pays off. 5/1 Odds Calculator. Ante-post odds in Cheltenham Festival Betting and Grand National Odds. A straight forecast involves predicting the first and second finishers in an event in the correct order. To find an odds ratio from a given probability, first express the probability as a fraction (we'll use 5/13 ). A multi bet combines a series of single bets into one wager. To explain why, just think of betting £5 on the outcome of eight Premier League fixtures. The “fraction” represents the relationship between how much you stand to win relative to how much you must risk. This project is a fork (offshoot) of the standard version (v2. 5). 67%, 15-1 odds means 6. The odds of you winning a lottery might by 1 to 10,000. 22 (UPI) -- A Jordan man's speedy math skills earned him a Guinness World Record for the fastest time to mentally count letters in 10 sentences. A standout feature of AmWager is its innovative betting tools, including a tricast calculator, which can enhance your wagering strategy. 5-1 or 3-2, as it would normally be written,. While it hasn’t caught on in the U. Mode 2: You know the sharp bookmaker odds and soft bookmaker odds. Fractional odds with a slash: 5 (5/1 against), 1/1 (Evens), 1/2 (on) (short priced horse). Your outlay would be £40, and with typically conservative odds a clean sweep across. The TwinSpires Sports odds calculator can compute several types of odds, including American odds, decimal odds, fractional odds, and implied probability. Be sure to check with your bookmaker to see how many places they will pay to. Here are the steps that you have to follow in order to use our Kelly Criterion Calculator: Add your current betting balance in the cell called “Current Betting Balance”. – Angina Seng. 00 (one horse in each of the two races) $2 Daily Double Part Wheel: 1,2,4 with 1,5,7. In fact, if the non-runner is a strong favourite, the deductions could be as high as 90% of your winnings! This is because the other horses are much. Total - the number of joint favourites, more accurately termed co-favourites if there are more than two. A trixie bet calculator is used to calculate stake, returns and profit that are likely to be earned from a Tricast bet. 00 tote price. The odds calculator converts odds to probability and probability to odds. Josh Nagel 37-17-3 (69%) L57. Decimal Odds, Fractional Odds and Moneyline odds are the. Simply enter the details below (including your preferred odds format), the number of selections, any Rule 4 deductions, finishing positions (win, place or dead heat) and your. If all these percentage calculations hurt your brain, this handy overround calculator does all the legwork for you. All selections must win for the bet to generate a return, but the payoff can. Although the Quinella has the same function as the "Exacta Box" the payoff can vary substantially. , it may gain acceptance in time, considering sports betting is conducted with the same fixed-odds system. One of the best horse racing betting tools available is an online horse racing calculator. Introduction. Horse Racing Odds Payout Calculator For the hypothetical race we’ve been talking about here, let’s say that horse 3 actually manages to win the race. An example can be shown by a five-horse race on which a track has taken a total of $1,000 US Dollars (USD) in bets to win — $300 USD on one horse, $250 USD on another, $200 USD on the third, $150 USD on the fourth and $100 USD on the last. Step 1 – Convert the American odds of each single bet to decimal odds. 11, 2023, in Mayfield Township, Mich. As recently as 2009, Mon Mome landed odds of 100/1, the same price as Foinavon who, in 1967, benefitted after the rest of the field fell, refused or were hampered or. Simply follow these steps: Step 1: Input your odds. It is easiest if you think. Your horse doesn’t always have to cross the line first to be a. Odds at 5-1 represents a winning chance of 16. The odds in horseracing, 8 horses in the race: - to win probability (top 1) = 1 in 8 - exacta probability (top 2) = 1 in 56 - trifecta probability (top 3) = 1 in 336 - superfecta probability (top 4) = 1 in 1680 - quinfecta probability (top 5) = 1 in 6720. Win. Compare how different outcomes on each selection might affect your profits before placing your bet. This gives you your parlay odds. The cost varies according to how many selections you nominate and if they are selected to fill both first and second places. 5). Using a bet calculator can help you determine your odds and payouts. Option for setting minimum and/or maximum Trifecta odds ranges. Double Stakes Calculator. Implied odds are the conversion of a sportsbooks. For example,. Therefore, for a horse at 7-4, divide 7 by 4 (1. Work out potential winnings for any type of bet or check winning bets have been settled correctly with our bet calculator. Calculating Horse Racing Odds. An unbeatable betting experience. Current Kentucky Derby Odds 2023. The arbitrage calculator tells you if there is an arb betting opportunity and recommends how much should be staked on each selection. For instance, if you bet £10 at odds of 2/1, you could win £20 in addition to getting your initial stake back, which results in a total return of £30. The horse racing odds calculator is ideal for calculating how much you would potentially win for all different types of horse racing wagers. Most sportsbooks in the United States use American Odds. The amount above 100%, the extra 4. Betfair, e-mail Copy@betfair. You used our horse racing calculator at OddsMonkey, and then placed a £5 each way bet at odds of 10/1. Bet Calculator Details. They are rounded down to the nearest nickel or dime, which is called. Step 2. Most of the apps and online racing calculators are easy to use. Then, just for good measure, you can bet in a way that suits. Minimum Exchange stake now £1 - details here. The Introduction to Dutch Betting using the Ratings Calculator Course gives you an. Enter the bet amount or stake you gambled and odds taken. Beyond that, though, I would suggest re-calculating or massaging your fair odds. 5 the total returned is $35 ($10 * 3. Odds were back on the board following the post-position draw on Monday, May 15. Many people have a favourite type of bet, whether it be a Lucky 15, Accumulator, Round Robin or even a plain Single. Given, in a three horse race, that horse #1 has an AVSPDRT of 64, horse #2 has an AVSPDRT of 61, and horse #3 has an AVSPDRT of 58. Work out how much you should stake on each selection of a Dutch bet. But if you lay a bet a. There is a horse racing accumulator, as you would expect, but acca bets abound in football. Using the Pickswise betting odds calculator couldn’t be more simple. Known by some as exotics, the chance to back several horses in a single race and potentially win big is very appealing. Finally, the result of the bets. Erik Kuselias 29-11 (73%) L40 PROPS. In order to calculate the costs of laying a Trifecta wager, a punter must use the Trifecta calculator, either manually or by a computerized Trifecta calculator. If you select 3 horses to fill the first two places, the bet will cost $3, as there are three possible winning combinations from the selections. Display odds as. That’s it! Odds type – choose for the odds to be represented in fractional (e. The number you get represents the net profit you will see if your bet is a winner. Win more using the ultimate sports betting tool, we compare the odds from every legal sportsbook on every event. By entering the total stake and the odds of each selection, the tool will calculate how you should divide your total stake between the two individual bets to give you the highest possible return, and what the. 84 to bet against. Learn more. Learn more. Mage looked to win the second leg of the 2023 Triple Crown at the 148th running of the Preakness, after winning the Kentucky Derby two. 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. We collect, analyse and package data for a broad range of customers. Horse racing bet calculators make combining odds incredibly easy and take the hassle out of working out exactly what your winnings will be. Select a bet amount in the left column. If you are testing this on a race after the weighed in noticed (when all the. Thehorsewiththe lowestoddsOitowinaraceisknownasthe®rstfavorite;thehorsewiththe. You can use the Bet Calculator to provide you with examples of how a bet may be settled. That means you can log in to Paddy Power at any time via your desktop or mobile and get the latest horse racing odds today, tomorrow and for future events. Enter your Stake. Works simply as an odds converter if no bet is entered. It is also a great way of calculating an e/w bet, whether it be 1/4 or 1/5 of the odds for a place result. T&Cs. Horse Racing Odds Calculator is Used in Horse Betting to Convert the. Compare odds and offers from 25+ leading UK bookmakers. That’s basically how value works. Kylie Ossege watches as her horse, Blaze, grazes in a field at a boarding facility Saturday, Nov. You can also enter odds in the European/American style (11. First add your bet stake into the top box where it states ‘Bet Amount’. See what your total payout and winnings will be. Results365. Dutching Calculator - Odds changed since you placed your last bet? Use this calculator to determine the stakes necessary to guarantee a fixed return regardless of the outcome. oddschecker's Dutching Calculator tells you how much to stake on each selection to ensure an equal profit no matter which one wins. How to use the TwinSpires Sports odds calculator. Calculating horse betting odds can be tricky, especially when it comes to a pari-mutuel system where the win odds and payouts are constantly changing. If you’ve got lucky on that single, double,. Super Heinz with Singles. Example 1: +EV bet. ; A Stake Limit dutch bet means the total stake stays the same, regardless of how many bets are placed. Well, all of the above is important but it does not take you all the way there. This can be applied to all the different markets of sport betting also, as it could allow you to determine all of the different potential wins for each betting option available, whether its team-based or player-based sports. All you have to do is enter your stake amount, select the type of bet it is, and enter the available odds. A Tricast Bet (Trifecta) refers to a horse racing bet that you place on who will finish in the top 3 places in a race. Quick and easy Horse betting tools are the answer to all your Horse racing answers. Betting odds calculators simplify the often complex calculations associated. In football, competitions like the Premier League and Champions League are favourites. The Sports Bet Calculator is the premier bet calculator app, supporting a comprehensive range of bet types and settling options. Some of them convert odds or other information into something a little more useful, whilst others were designed for a specific strategy. Tell you the amount of profit relative to your stake if you win your bets. Perhaps the horse you listed at 2-1 should be 5-2 instead. The Trifecta calculator is a type of a horse betting calculator. +1612. Bet Totals. Some bookmakers offer bonuses and consolations on lucky 15 bets. No-Vig Calculator. That's right. 100 American Odds 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. With a bet calculator, you simply input the relevant information, and the calculator does the rest, giving you an instant calculation of your potential payout. For the full range of possible foaling days: Earliest possible foaling = MatingDate + 331. Use the Canadian return calculator to work out your winnings online for all sports. Simple is the most basic form of dutching, the stake placed on each market is changed to ensure equal returns, for example, £5 on horse A at odds of 4/1 and £10 on Horse B at odds of 2/1. Mark the last 10 drawings on 10 lotto grids. Trusted by independent bookmakers and punters to work out returns, you can be sure that the calculations are accurate. So if you had a total. If you lay a horse with odds 5. Our tricast betting calculator will then show you the number of combinations that bet requires, within a split second!Football Stats Bet Calculator Betting Rules Horse Racing Results Horse Racing Commentary Shop Locator Paddy Power Register. Before the horses get to the gate you can enter the win, place and show pools to calculate your suggested bets; but, remember to bet responsibly!For most people this is just a box that makes the calculator look more complicated! The Lay Odds are the odds that you have laid your bet at on Betfair, for example Manchester United could have been 1. What are odds? The odds provide the ratio between the required events and the complimentary events. Over/under (total) Bets. Not only does our Betting Calculator show you the implied probability. Betting calculators tailored to all sports betting requirements whether it be horse racing, football fixed odds, greyhound racing or any other type of Sports. A spread bet in football is normally offered at -110 on both sides of the bet. Horse racing odds calculator payout@wagertalk posted to instagram: below is a chart showing the current. 00. If you ever wondered about your chances of winning a bet with odds 3 to 5, our odds calculator is here to help you. It’s a very useful tool for those who are getting into to horse racing betting for the first time, and therefore are not familiar with the different types of bets, odds, odds formats and how they work. From these four legs, you have individual bets: Four singles, six doubles,. 15% chance = 24-1 chance pretty much long shot territory and one of the. Betting odds represent how likely an event is to happen. You should also learn jockey experience, track and horse breed. Our Bet Calculator simplifies this process for you and is easy to use just follow these steps. Football Stats Bet Calculator Betting Rules Horse Racing Results Horse Racing Commentary Shop Locator Paddy Power Register. You might ask how such a complex theory can be so quickly calculated. You will also have the option to select win or place, enabling you to get an exact calculation of any horse racing fivefold bets you might want to. Calculates the required stake on each Trifecta combination to return a nominal takeout. Find odds format definitions in our Betting Glossary. A bet can be broken down into two elements; the Stake - how much you risk. While some might interpret value as simply betting on longshots, it is more precisely betting on a horse. Bet type Single Double Treble Fourfold Fivefold Sixfold Sevenfold Eightfold Accumulator Trixie Yankee Canadian / Super Yankee Patent Lucky 15 Lucky 31 Lucky 63 Heinz Super Heinz Goliath Super Heinz with Singles Super. This calculator allows you to enter the each-way Place odds, your total stake, and a few other variables, and will quickly tell you your potential returns and profit depending on whether both halves of the bet won or just the Place half. To successfully use the free double bet calculator, simply enter the odds of your two selections, and the amount you want to bet, as well as any conditions attached to your selection. 2. Calculate the implied probability given odds and determine the payout and potential winnings from a bet. 338 days = 11 months. Our arbitrage calculator allows you to enter the odds of two (or more) different bets to determine how much you should stake on each to guarantee a profit. Multiply the result by 100 to get the IP percentage. Betting. Learn more. 00. For example, if you want to see the -110 odds payout of your bet, just fill out the bet amount and odds in any one format and our payout calculator will show you. Double bet calculator - Work out returns for doubles using this comprehensive calculator. Pretty easy, huh?! If the odd is displayed at 5. 25-1 odds are popular in football betting and for horse racing events in the UK and are a shade shorter than 33-1 odds in the betting market. When it comes to horse racing in the UK, fractional prices are. Find out how to maintain and improve your success in horse racing betting by using a horse betting calculator for all of your horse racing betting calculations. Calculating horse racing odds . You can view the bet result for a specific scoreline, or you can. If you have won on your Treble Bet you’ll want to work out what you’ve won – we’ve made that easy with our free, mobile-friendly Treble Bet calculator. We set the bet amount to $100, but you can enter any amount you. m. 5% chance of winning $200 if you win the bet. Our Odds Calculator will show you how much you’d win based on the odds and amount bet. Multiply the decimal odds together to get your multiplier. Decimal Odds, Fractional Odds and Moneyline odds are the three most common odds formats used right around the world and they are all covered in our calculator. Enter the normal ‘Win’ odds for your horse in the ‘Bookmaker Win Odds’ field; Enter Back commission as ‘0’ – more advanced bettors may make more use of this feature if. For further help understanding bets, check out this guide on how horse betting payouts work , look at win rates displayed at race tracks, and use online odds calculators. You place £1 each way on it. horse racing odds examples: 6-5 odds. Use the betting calculator for doubles,. Get free picks & predictions. Then, just for good measure, you can bet in a way that suits. You can convert your odds between American, decimal and fractional quickly. As a knowledgeable sports bettor, if. The Kentucky Derby is 1. Frn oddsOdds derby horse racing kentucky field set race horseracingnation understanding nation Horse betting and payouts: horse. One bet is on the selection to win, while the other bet is on the selection to place. The more bets you include and the bigger the underdogs, creates a bigger potential payout, but decreases your odds and increases your risk. We are dedicated to bringing you the best betting picks, odds, and overall sports analysis that you will find anywhere. 80. Our bet calculator is both an odds calculator and a bet cost calculator. Find out how much you'll win on any parlay. Use this if you have a crystal ball that tells you the true probabilities. Trusted by independent bookmakers and punters to work out returns, you can be sure that the calculations are accurate. Fewer selections mean you can afford to be pickier with your preferred horses and teams. In order to calculate the costs of laying a Trifecta wager, a punter must use the Trifecta calculator, either manually or by a computerized Trifecta calculator. Australia Sports Betting offers a Google Sheets betting tracker that is free to use. It offers comprehensive data analysis at the click of a button. The calculator has 3 modes which you can use to do this. Horse racing calculators also help predict your winnings, giving you clearer insight ahead of the bet. Tim Yakteen-trained Practical Move is the class of. This gives both outcomes a win probability of 52. For example, if a single bet has 2. If a bettor places a £100 bet on a team to win at odds of 3. The odds of these can easily be changed between either fractional or decimal, depending on whichever metric you prefer. That means you can log in to Paddy Power at any time via your desktop or mobile and get the latest horse racing odds today, tomorrow and for future events. A Tricast bet is also known as a Trifecta. 4167 Chance Win = 41. Simply enter the price for each of your fancied selections (in decimal format) and your maximum total stake below. For example, if you bet $10 on a horse with odds of 2. Low margins. We only list 200 dropping odds opportunities. A standout quinella requires you to nominate a horse or horses that will definitely finish first. High limits. Tote boards use decimal or Continental. For favorites you are always risking the money to win $100, and with underdogs you risk $100 to win the amount. 15 D 0. Ossege was severely. The Horse Pregnancy calculator uses the following formula: You can easily replicate the results of our horse gestation period calculator using a few easy equations: For the estimated delivery date: Foaling = MatingDate + 338. Our strike rate calculator allows you to enter your strike rate and be told the minimum odds you should be placing a bet at. m. The payout calculation consists of multiplying the stakes by the odds and then adding the. Example: Let’s say you make a $2 across-the-board bet on a horse with odds of 8/2. 00 (3 horses in each race = nine combinations) To figure the cost: Multiply the number of horses in the first leg by the number of horses in the second leg, times the amount of your Daily Double. To use the calculator, simply input the odds in the format of your choosing and press “Convert”. Quinella is a type of bet that involves selecting the top two finishers in a race, regardless of their actual order. com Our betting odds calculator is perfect for showing you how to calculate potential winnings for all types of sports bets. All you have to do is put in the name of the selection, expected odds and choose any one of the 3 options below. In the case of straight wagers, the horse racing payout calculator simply takes the odds, presented in decimal or fraction, and uses it together with the stakes laid on the wager to calculate the payout. Bet type Single Double Treble Fourfold Fivefold Sixfold Sevenfold Eightfold Accumulator Trixie Yankee Canadian / Super Yankee Patent Lucky 15 Lucky 31 Lucky 63 Heinz Super Heinz Goliath Super Heinz with Singles Super Goliath. choose whether you’d like to enter the odds in decimal or fractional format and then enter either your total stake or for each bet. Win calculation horse simple odds pick composite wagers illustration consider race Understanding the odds-horse racing – bet thoroughbreds. At the track, bookies set odds for each horse in the race in the format "Odds for : Odds against". Lucky 15. Using a free bet calculator enables you to see how your selections, and the odds for them, impact your returns and profit. The 1-5 odds calculation means for every 6 betting events your selection should win 5 times and on 1 occasion the selection will. Various different calculators. For instance, change American odds to their fractional and decimal. +1765. A Tricast bet is also known as a Trifecta; in many articles and publications. After inputting all the necessary details, the calculator will instantly generate and display the potential returns for your bet. While it hasn’t caught on in the U. The dead heat calculator will then show your your profit or loss from the bet. If odds are stated as an A to B chance of winning then the probability of winning is given as P Win = A / (A + B) while the probability of losing is given as. These vary by bookmaker, but it is common to receive a 10% bonus on your return if all selections win, and if only one. Odds Type. Fractional odds are most common in horse racing and futures markets. The combined odds are then used to calculate the potential winnings by multiplying them by the stake placed on the bet. We aren’t saying that a beginner can go in and make a profit immediately, the risk of betting in any sport will always be present, but the odds calculator makes everything easier. For example if you go down the table you will see that 3/1 is the same as a $4. Enter the details and the betting calculator will predict your earnings and show your anticipated profit. 9 rather than 2. A double stakes is a bet type consisting of 2 selections; one selection must win (or place if you have done each-way bet) to guarantee a winning return. TwinSpires Horse Racing Get up to a $400 Sign-Up Bonus for The Belmont Stakes! *Odds via TwinSpires at closing of Preakness Stakes betting. Racebook Betting Calculators is a professional systematic approach to Horse Racing and all sports Betting. However, if you lose $100 on every single game, you’ll end up wagering $250 as well. 05 profit [$50 x (9/10)],. The Bet Calculator is provided for illustration purposes only. $70 posted . The other is amassing gobs of data via existing databases and web-scraping, then analysing it to calculate a horse’s true odds and comparing that to its pari-mutuel price. Populate your odds and select the outcome. Fractional Decimal . , 400/100 is the same as 4/1. Fractional odds can also be written with a colon or a hyphen or dash. To do this just enter the odds of the other horses and remember to click the small “Double” or “Triple” round buttons. Our multi bet calculator allows you to calculate the return for your multi bet with any number of selections. Chances of Hitting Different Bets. Each way bets can also be calculated by clicking on the ‘Each Way’ button. If the bookmaker were to give the values of ri r i in. In statistics, odds are an expression of relative probabilities, generally quoted as the. The. 00 and stake £10, your liability will be 5 x 10 = £50. 59 + 1. Eachway. 2023 Preakness Stakes Updated Odds, Best Bets, Picks. $900 minus 15 percent equals $765. Secondly you must add the odds of your pick into the box of your preferred odds format. This calculator is what you need to work out your returns, supporting each ways bets, dead heats, rule 4 and more. You also need to keep in mind that when you make a $2 across-the-board bet that you will need to pay a total of $6 to cover your ticket. Follow Dropping Odds and utilize the latest betting market trends! Start monitoring the odds. This fluctuation is referred to as the pari-mutuel wager, or pool betting. Example: Let’s say you select horse No. It’s used by punters and bookmakers. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. Horse racing odds are easy to use when they represent whole numbers, such as: 5-1; 10-1; 30-1Chances are that our tricast bet calculator will still reveal that you’ll need a fair amount of luck to earn those monumental payouts. The worksheet tracks your bets and provides in-depth performance data as well as a profit graph. Parlay. Online, just look for your horse’s name. The shorter the odds the more likely of outcome (however, the punter will win less) The longer the odds the more unlikely that outcome is. The odds calculator shows the amount of money. Horse racing is known as the Sport of Kings, but you don't have to be royalty to enjoy betting on horses. S traight forecast bets are most commonly associated with horse. Choose the type of race and enter the Starting Prices of all runners in a race and then click the Calculate CSF button. Horse Odds Calculator for Payout Estimation The payout calculation is rather simple and can also be done manually without the need for horse odds calculator, though it is. This package is for calculating the odds of different bets that one might place at a horse race. Step 3 – Multiply the result by your total wager amount to get your total parlay payout. Spread Bets. How to Use the Sports Betting Odds Calculator and Converter. A quick two-step process to calculate your potential winnings and payout for any bet, using any form of odds. For example, if you bet $50 on Tater Tot, you could make a $45. The. Calculating the cost of trifectas where different selections are made for each place is more difficult which is why it is best to use our calculator. About our bet calculator. Of course, the odds in a Yankee bet are higher than that of single bets, but you also cover multiple options by using the Yankee multiple, which increases your chances. UP TO $1,000 NEW MEMBER BONUS! Make the most out of your first deposit at BUSR with an outstanding new member cash bonus up to $1,000! US Racing odds for online horse betting. Example: You back a horse with £5 at odds. The purpose of this blog is to introduce the concept of a System Methodology for determining the odds at which a runner becomes a potential value bet in any horse race, which I have christened the VALUE CALCULATOR. Add these six horses together, and you only get 52. After learning how to read horse racing odds, it is important to then calculate payouts for your bets. Fractional odds dominate in the UK with their roots in betting on horse racing,. Our calculator will take care of the rest. Learn more. 2023 Preakness Stakes Updated Odds, Best Bets, Picks. In a horse race there are 10 horses. The associated implied probability is also calculated. Note: Places and Position only apply to each way bets. How to Calculate Your Forecast & Tricast Winnings. g. Choose the betting odds format. The Kelly Criterion Calculator will. Perms of up to 20 selections, configurable bonuses for Alphabet, Lucky 15, 31 & 63 bets, plus automatic conversion between Fraction, Decimal and American odds formats, are just some of the highlights of this powerful but easy to. This type of bet involves choosing a horse that will finish first in the race. The each way bet is a single selection wager consisting of 2 equal parts: a win bet and a place bet. Calculates various arbitrage strategies when an arbitrage opportunity exists. For example, if the terms are 3 places at 1/5 odds, the total return will exceed the total stake for a selection finishing 2nd or 3rd, only if the win odds are over 5/1. Used mainly in the UK and in international horse racing. Betting Calculator. Based on the different odds and bet stakes inputted by the user, the Round Robin betting calculator shows the returns available from the chosen bets.