How to Calculate Racing Returns

How to Calculate Racing Returns

How to Calculate Racing Returns

If you are unable to check your Online Horse Betting return with your bookmaker it would be a good idea to learn how to calculate your winnings yourself, all you need is the amount of your wager, the betting odds of your winners and a calculator!

The calculation required to find out how much any given horse racing bet has returned is different for fractional odds and decimal odds, to some extent. Both types will be outlined so that you can calculate either way.

Fractional Odds

If you simply know the fractional odds of your winner then the first thing you will need to do is convert fractional odds to decimal and then add 1 point to represent your stake. The formula for doing this is:

(L ? R) + 1

This means, you take the left hand side of the odds, divide by the right hand side of the odds and then add 1.

For instance, if the odds of your winner were 16/5, your calculation would be 16 divided by 5, which would give you 3.2, and then add 1, = 4.2.

At this point you can calculate your return by multiplying the figure you have just identified by your stake. So, if you had bet ?20 on the 16/5 winner, your total return would be 20 x 4.2 = ?84, which means after deducting your initial ?20 you would have made a profit of ?64.

Decimal Odds

If you know the decimal odds that already include 1 point for your stake then no alterations are needed. If you know the decimal odds without your stake then simply add 1 point to denote your stake.

Next, multiply your stake by the figure and the result will be your total return. ?20 on a 3.50 winner (which is a 5/2 winner) would therefore give you a return of ?70, equating to a ?50 profit.

Winning Accumulators

If you ever bet on a winning 'accumulator' then calculating your winnings is just as simple. First, convert all fractional odds into decimal type and add 1 point. Then multiply the resulting figures together. When you have multiplied the resulting figures, now multiply this figure by your stake.

For example, if you have a ?10 winning treble where the odds were 2/1, 3/1 and 5/1, you would convert these and get figures of 3.00, 4.00 and 6.00. Multiply these together to get 72 and then multiply by your ?10 to get ?720. Minus your ?10 wager means your profit here equates to ?710!

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