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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? 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.
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. 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. 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.
An accumulator or acca is a very popular bet with punters when it comes to football, where you can multi up many different selections and with it the odds increase with the more selections you add. Use the bet calculator to work out how much your accumulator will return if it wins. Be careful though, the more selections you add to your bet, the less percentage chance you have of that bet winning.
Common accumulators can also go by the name of fourfold, fivefold, sixfold etc. Okay, this is where things get a little more complicated. A lucky 15 bet is when you have four selections which consist of 15 separate bets. The break down of bets is as follows:. Just one winning selection guarantees a return but the more winners the more your bet returns. Use the bet calculator to see exactly how much your bet will return based on which of the selections have won. A trixie bet is a 'full cover' bet , which basically means it covers doubles and trebles involving three selections.
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Be careful though, the more selections you add to your bet, the less percentage chance you have of that bet winning. Common accumulators can also go by the name of fourfold, fivefold, sixfold etc. Okay, this is where things get a little more complicated. A lucky 15 bet is when you have four selections which consist of 15 separate bets. The break down of bets is as follows:. Just one winning selection guarantees a return but the more winners the more your bet returns.
Use the bet calculator to see exactly how much your bet will return based on which of the selections have won. 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.
You may find that your favourite online betting site presents the odds exactly how you likely them to be. But sometimes you might need to convert them to understand. Our odds converter tool will allow you see odds in whatever format you like.
We try hard to make sure that the site is up to date at all times. However, sometimes things happen beyond our control. Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet. Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time.
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