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Payout Formula:
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The Horse Betting Odds Calculator determines your potential payout from a horse racing bet based on your stake and the decimal odds offered. It helps bettors understand their potential returns before placing wagers.
The calculator uses the simple payout formula:
Where:
Explanation: The formula accounts for both your original stake and the winnings. Decimal odds already include the stake in the return calculation.
Details: Understanding potential payouts helps bettors make informed decisions about bet sizing, bankroll management, and comparing value across different betting opportunities.
Tips: Enter your stake amount in your preferred currency and the decimal odds offered. Both values must be positive numbers.
Q1: What are decimal odds?
A: Decimal odds represent the total payout per unit staked, including the original stake. For example, odds of 5.0 mean you get 5 units back for every 1 unit wagered (4 units profit plus your 1 unit stake).
Q2: How do decimal odds compare to fractional odds?
A: Decimal odds of 3.0 are equivalent to 2/1 fractional odds. To convert fractional odds to decimal, divide the numerator by the denominator and add 1.
Q3: What does a payout include?
A: The payout includes both your original stake and your winnings. Your net profit would be the payout minus your original stake.
Q4: Are there different types of horse racing bets?
A: Yes, common bets include win (horse must finish first), place (top 2 or 3), show (top 3), exacta (predict 1st and 2nd in order), and more. This calculator works for simple win/place/show bets.
Q5: Do bookmakers take commission?
A: Some bookmakers build their commission into the odds (this is typical with decimal odds), while others may deduct it from winnings. Always check the specific terms with your bookmaker.