Another common thing to see when using an odds payout calculator is an implied odds option. This means, the odds correlate to the probability of a certain team winning, or outcome happening. Using the example from before, a -140 favorite has roughly a 58.3% chance of winning, while a +120 underdog has a 45.4% chance of success. To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10. 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10. 2) / 5, which is $4. A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.
Each Way Bet Calculation
When placing an each way bet it's not always clear what your return is going to be. With an each way bet we are actually placing 2 seperate bets. 1 bet on the win and 1 bet on the place. Let's use a horse race as an example. If our horse wins we win both the win part and the place part. If the horse only places we lose the win part but win the place part.
Example
You backed Tiger Roll to win the Grand National, you placed a £5 each way bet at odds of 10/1. That means a total stake of £10, £5 on the win and £5 on the place.
The bookie is paying 6 places and the terms are 1/5. This means if the horse comes in positions 2-6 you will win the place part at one fifth of the odds of the bet.
Tiger Roll wins the national so both parts of our bet have won. You will be paid as follows.
Win: £5 at 10/1 pays £55 (£5 x 10 = £50 plus our £5 stake back)
Place: A fifth of 10/1 is 2/1 (10 divided by 5) so the place part of the bet is paid as £5 at 2/1 = £15 (£5 x 2 = £10 plus your £5 stake back).
Total Return: WIN + PLACE = £55 plus £15 = £70
If your horse finished in places 2nd to 6th then you just get the place returns of £15, while the win part of the bet would have lost.
Why Bet Each Way?
How To Calculate Odds Payout
When placing an each way bet it's not always clear what your return is going to be. With an each way bet we are actually placing 2 seperate bets. 1 bet on the win and 1 bet on the place. Let's use a horse race as an example. If our horse wins we win both the win part and the place part. If the horse only places we lose the win part but win the place part.
Example
You backed Tiger Roll to win the Grand National, you placed a £5 each way bet at odds of 10/1. That means a total stake of £10, £5 on the win and £5 on the place.
The bookie is paying 6 places and the terms are 1/5. This means if the horse comes in positions 2-6 you will win the place part at one fifth of the odds of the bet.
Tiger Roll wins the national so both parts of our bet have won. You will be paid as follows.
Win: £5 at 10/1 pays £55 (£5 x 10 = £50 plus our £5 stake back)
Place: A fifth of 10/1 is 2/1 (10 divided by 5) so the place part of the bet is paid as £5 at 2/1 = £15 (£5 x 2 = £10 plus your £5 stake back).
Total Return: WIN + PLACE = £55 plus £15 = £70
If your horse finished in places 2nd to 6th then you just get the place returns of £15, while the win part of the bet would have lost.
Why Bet Each Way?
How To Calculate Odds Payout
Each way betting is a way to hedge your bets. Betting on the win alone is great but there's less chance of a return. We have a much greater chance of a return by betting each way because we get a payout if our horse places. If the odds are high enough then we can still make a profit even if the horse only places.
A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.
1 To 5 Odds Payout Calculator
In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
1 To 5 Odds Payout Calculator 2020
The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).
