Horse Racing Calculator

What Is a Horse Racing Calculator?

A horse racing calculator doesn’t exist as such, but most betting calculators can transform into ones you can use to calculate the potential return on your horse racing bet, whatever the type of bet you are making.

A horse racing odds payout calculator can help you decide what you wish to do with your bet and how much risk you are willing to take. If you feel that the return is too low, you can try to either increase your stake or find selections with higher odds that are more risky.

Horse racing betting is a bit specific, and you need to find the type of bet that best suits your appetite and betting style. The calculator can help you with that by showing you what you stand to gain from each of them.

How Does a Horse Racing Calculator Work?

The first thing you need to do is insert the type of bet you wish to make. After that, the calculator will display all the data fields you need to populate to get your calculations. Once you do that, you’ll get the result on the potential return on your bet, and the profit you could make.

You can adjust your stake if you feel it’s too low or too risky and you don’t wish to stake that much of your funds. You can also change the type of bet and start over, and the calculator will calculate the potential payout on your new bet.

If you wish to bet on the winner market and the place market, you can turn the calculator into an each way calculator with one click. An each-way bet calculator uses different betting odds formats if you use the decimal odds because the place bet is always fractional and shows a fraction of the odds for the winning market.

Example

Let’s say you wish to make a single bet on a horse you predict will win the race at the odds of 5.50. If you are certain (as much as you can be with sports betting) in your bet, then you would be making a regular single bet, and the potential return would simply be odds x the stake, for example, 5.50*10=55.

If you are not entirely certain that the horse will win and wish to protect yourself a bit, you can make your single bet an each-way bet. You can use an each way bet calculator to tell you how much you could profit from that bet, but expect it to be lower than a straight single bet.

Different Bets You Can Calculate with Horse Racing Calculator

Horse racing betting is quite dynamic because races are typically short, with the exception of some races at major events, like the Grand National over jumps or the Queen Alexandra Stakes at Royal Ascot. 

Because of the nature of the sport, the easiest and most popular bet is a single bet made on the race-winner market. It might not be the most profitable bet, but it is the most convenient one, and all sports betting sites offer it.

Other than a single bet, double and treble bets are also popular solutions, especially when there are multiple races in a day. Bettors can turn both these selections into each-way ones to decrease the risk. 

Other types of bets are a bit more complicated, so let’s look into them a bit more closely and see how a horse racing odds calculator can come in handy:

Trixie Bet

A Trixie bet requires three selections that, in various combinations, form three double bets and a treble. That means that you need at least two selections to win to get some return on your bet, and a Trixie bet calculator can tell you what payout you can expect if all or only two of your selections win.

Patent Bet

Calculating the return on a patent bet is extremely complicated without using a calculator. It is a bet that consists of three selections but seven bets: three single bets, three doubles and one treble bet. The patent horse bet calculator will calculate the total return on the bet for you, but you can get some return even if only one selection wins.

Treble Bet

A treble bet is the simplest form of a three-selection bet. There aren't any combinations that could bring you partial payouts, meaning that you need to get all three legs of your bet right to get returns on your bet.

Accumulator Bet

An accumulator bet could be useful if you want to bet on multiple races on the same day (or during a longer period of time). Accumulator bets have larger potential returns than other multiple bets we talked about here, but they are also riskier, as you need all your selections to win to get a payout.

Rule 4 Bet

Rule 4 kicks in when one of the horses withdraws from the race, and the bookmaker needs to adjust the odds for other participants. It means that since one of the contenders is out of the race, the odds get lower, and a horse racing betting odds calculator can show you what you stand to win if a certain percentage is deducted from your expected returns.

Benefits of Using Horse Racing Calculator

Calculating the potential returns on most of these bets is quite complicated, and a calculator can make the job easier for you and help you decide what bet to make in the process, at what odds, and how much to stake. These are some of the benefits of the odds calculator horse racing punters can exploit:

• It’s free and easy to use: It is an online calculator that you can use free of charge at the top of this page. Just make sure to select the type of bet you need and insert the requested data.
• Accuracy: The calculator gives the correct result for each type of bet you need, but it doesn’t calculate the inherent risks. The result should be used for informational purposes only.
• Risk management: By adjusting the stake and the odds you wish to bet on, you can find the perfect combination you are comfortable with, both in terms of how much risk you’re willing to take and how much you should invest.

If you are making an each-way bet, you should know that the calculator gives you the returns you could expect if you get both legs of your selection right. If the horse you bet on doesn’t win but ends up third, you would still get some return, and you can adjust the calculator to tell you how much as well.