How do I work out winnings on horse racing?
The amount paid out is normally calculated in the following way:
- Dividing your total stake by the number of horses included in the dead heat.
- Multiplying that figure by the odds at which the bet was placed.
How do you calculate fractional odds?
If you need to convert fractional odds into decimal odds, it’s easy enough. Just divide the fractions and add one (the one represents your stake). So for example to convert 7/2 into decimal odds, you would divide 7 by 2 and add 1, which gives you 4.5.
How do you bet with fractions?
Whenever you see two numbers separated by a slash, i.e. 10/1, this is a fractional betting odd. Fractional odds allow you to calculate how much money you will win on your bet in comparison to you stake. The number on the left(e.g. 10) is how much you will win. The number on the right is how much you need to stake.
How do I calculate how much I will win on a bet?
To figure payout on positive odds, take the number from the positive line and divide that by 100. Using our Bama-USC game, that would be 550/100=5.5. Then multiply that number by your wager, which would be 5.5×50=275. If you want to determine your profit only, then subtract your wager from that amount.
What are 9 to 4 odds?
9/4: For every 4 units you stake, you will receive 9 units if you win (plus your stake). If you see fractional odds the other way round – such as 1/4 – this is called odds-on and means the horse in question is a hot favourite to win the race. This is the equivalent of a 1/1 fraction.
How do you add odds together?
Just multiply the probability of the first event by the second. For example, if the probability of event A is 2/9 and the probability of event B is 3/9 then the probability of both events happening at the same time is (2/9)*(3/9) = 6/81 = 2/27.
Are fractions odd?
Fractions are not even numbers or odd numbers, because they are not whole numbers. They are only parts of numbers, and can be written in different ways. You could just as well write that same fraction as 2/6, in which the denominator is an even number.
When do you need a horse racing calculator?
When placing wager on a daily double, or a simple each-way bet there is no real need for a horse betting calculator, but when things start to get complicated as in picking exact winning orders, or the winning horses of a given number of races, the need for a horse racing calculator rises to become a feature inseparable from exotic wagers.
How does fractional charting work in horse racing?
The times shown at each point of call are expected times each horse should run in today’s race. The fastest time at each point of call is underlined making it easy to quickly identify the leader at each point in the race. The image to the right shows you the different features included in each Fractional Charting.
What happens if you bet a horse to win every race?
If you bet the highest speed figure horse to win in every race, you will probably achieve 30 to 35 percent winners and a flat bet loss. The loss means that the public is very much in tune with speed handicapping which, of course, drives mutuel payoffs down.
How are statistics used in horse racing betting?
In horse racing, statistics can also become a game-changer for you and the way you bet horse at an online racebook. Laying the groundwork for a mathematical horse race betting system means first making some general observances and turning those observances into rules. Those rules will then become guiding beacons as you use your system.