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Across the board betting calculator how to cash in bitcoins value

Across the board betting calculator

Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time. Each race has a favorite. This is the horse most likely to win. Fractional odds can easily be translated to probability percentages. Depending on the race and the rules of the racetrack, the minimum could be slightly lower. Before you even begin to place a bet, you need to know what the odds are of the particular bet you want to make.

One of the reasons why horse betting is difficult is because the odds fluctuate every time a bet is placed. This fluctuation is called pari-mutuel wagering, or pool betting. With horse racing you are betting against other betters. Once the winning horse has crossed the finish line, the house will deduct its take and the remaining amount is then divided among the people who bet on the winning horse.

Unlike with win bets, there are no exact horse racing odds for exotic bets because there are too many variables. Yet at Amwager, we post probable payouts for exacta and daily double wagers. Also for exotic wagers, the payouts are calculated differently. Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet amount.

For easy math, we used round numbers. But in the real world, this does not always happen. Payouts use the actual odds and are rounded down to the nearest nickel or dime, depending on the rules of the racetrack. This rounding is called breakage. This is why every racetrack has television simulcast commentator who handicaps between the races as well as publishing handicapping tip sheets to help you place your bets. At AmWager, we have our own horse racing handicapper that gives expert picks on upcoming races.

Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Some bets have better horse racing odds than others. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.

Bet Type Chances of Winning Expectations Show Very Good Modest Payouts Place Good Payouts are better than show Win Average Payouts are better than place and determined by the win odds Exacta Hard Riskier bet that can pay a little or a lot, depending on how much is wagered on each selection Trifecta Very Hard High payouts but can be expensive to play with a lot of combinations Superfecta Extremely Hard Hard to bet unless you have a sizable bankroll, but big payouts are common.

One sure way you will be tagged as an amateur is if you do not know and use horse racing odds jargon. Here are some of the vocabulary you need to know:. Keep in mind, the top ten riders in the jockey standings win about 90 percent of the races run during the meet and favorite horses win about 33 percent of the time, and have low payoffs. Have fun at the race track, take a chance and hedge your bets! We hope this guide better explains horse racing odds and turns you into a confident bettor.

If you want to try and beat the horse racing odds, join our online betting platform and view live video of races! Want a better shot at walking away a winner? Then trust us and keep scrolling. Glad you asked! Changing Odds: Either at the track on the tote board or on your online sportsbook, the odds will change depending on how many people are betting on each horse in the race up until post time. Favorites: Each race has a favorite. Probability: Fractional odds can easily be translated to probability percentages.

To see an example of this calculated, keep on scrolling! There are several types of pari-mutuel horse bets. A few of the most common are: Straight Bets Win Bets: Choosing the horse that crosses the finish line first. Place Bets: You are betting on a horse to finish second. Show Bets: Placing bets on a horse to finish third. Exotic Bets Exacta: When you pick the first and second place horse in that order. Trifecta: Select the first three finishers in a single race in order.

Simply put, the bettor only has to pick the horses which will finish in the top two places, but does not have to predict which of those two will actually win the race. Since this is easier to predict than an Exacta, it also pays less than the Exacta typically it pays about half of the Exacta payoff. It requires the bettor to pick the horses, in order, that finish in the top 3 positions in the race.

It is significantly harder to predict than an Exacta, and accordingly will pay out much more for a winning bet. Superfecta: The most difficult of the single-race exotics, the Superfecta, requires the bettor to predict the first four finishers, in order. Predicting a Superfecta is very difficult and will always require the bettor to take different combinations of horses so that there are more chances of winning.

Double: A Double is the simplest type of wager that spans multiple races. It requires the bettor to pick the winner in two consecutive races. There are also tracks that offer Double's in the middle of a card. If there is a Double available to be bet on, there will be a note of it on the first race or leg of the Double wager. The larger the number, the harder it is to pick, as well as the greater the payoff. For these bets, it is recommended to take several combinations of horses in each race to increase your chances of winning although this also increases the cost.

Some tracks also offer one Pick 6 per card. The payoff for one of these bets will be shown on the results for the last leg of the wager. For Pick 3s and Pick 4s, if nobody has the required number of races correct, they will typically pay out for people who missed one less race. For example, if nobody predicted a Pick 4 correctly, people who had 3 of 4 correct will get paid. In addition, the payoff results would indicate a payoff for "Pick 4 3 of 4 correct ".

For a Pick 6, typically the track will also give a small payoff to bettors who had 5 of 6 correct. However, if nobody had all 6 correct, the majority of the Pick 6 pool will be carried over to the next racing day, making the subsequent Pick 6 pool even larger.

Place Pick All: This bet is similar to a Pick-x bet, except that you need a horse to place come in 1st or 2nd in each race, instead of to win. There are different terms used to refer to methods of combining horses, particularly for single race exotic wagers such as Exactas and Trifectas. We will define the most commonly used terms below. If you need assistance in calculating the cost of an exotic wager combination, use our Exotic Wager Cost Calculator. Straight: Refers to any wager placed where there is only 1 combination.

Since a straight bet is only 1 combination, the total cost of the bet will the amount of the bet. A multiple race exotic wager may be referred to as "Straight", if you take only 1 horse in each race. Box: A boxed wager is where you take every possible combination of a set of horses. For example, a Trifecta Box with horses 1,2,3 would cover every Trifecta possibility with those 3 horses.

In this example, it would come out to 6 combinations, or 6 bets. Key: If you a key a horse, it means you are taking the horse by itself on top and you will take several horses behind. However, your key MUST finish first for you to collect on this wager.

Wheel: A wheel refers to taking the entire field for a leg of a wager. For example, you might bet an Exacta Wheel if you think you know the horse that will win but you don't know who will finish 2nd. In this example, the number of combinations is the number of horses in the race besides the 1. Taking 'ALL' for a leg is very common in the last leg of a Trifecta or Superfecta since it is very difficult to predict who will run 3rd or 4th.

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Nothing like the flexi here, which is too bad! Our sponsor, Brisnet. But, most ratings in American racing are speed ratings and are not based on a point scale. Check back for more info, and most importantly have a great time at the Derby!

You can access the free Brisnet past performances for the Kentucky Derby and Oaks contenders now , they update it weekly. Good luck with your selections and I hope you also have a bonza time too, all the best. Regards, Norm. As it turns out I did the calculations on the cost of that wager wrong, a. Not bad for a small outlay. Of course, everything depends on the pool size, but on major races, it is usually big.

I was at Santa Anita races in and only certain races had quinellas and then there was a minimum bet amount. Our tote keeps our racing alive, with prizemoney ever increasing. Racecourse facilities are also the best and compared to overseas, reasonably cheap for the general public.

Our raceclubs are also not privately owned and people can join and have superior facilities. Mate, you will have the best of times. All the best and thanks again. But, it would be great to come visit some day! Hi cbas, the payout is the same regardless if whether or not your boxed it, played it straight or keyed. The variable is cost of your wager. A few examples. I want to bet the trifecta in the Preakness.

Seams there are different ways to bet this. It should give you an overview of considerations when playing trifectas or exactas and supers. The best advice I can give you is to consider your opinion first and then try to construct wagers around it. You could play Nyquist and Exaggerator in the first two spots and put the other three in the third spot.

In that case you would need Nyquist and Exaggerator to run first and second in any order and any of the other three to run third. Another example using the same horses: you could play Nyquist and Exaggerator in all three spots and the other three in second and third spot. In that scenario either Nyquist or Exaggerator would need to win and any of the other horses would have to run second and third.

There are plenty of ways to structure your trifectas to match your opinions, but your opinion should come first! Our odds calculator is perfect for showing you how to calculate potential winnings for all types of sport wagers. It indicates how much you will win based on the odds and total wagered. Below is an explanation on how to bet on sports by using our betting odds calculator to get all the data you need to make the right wagers! Most betting sites offer each odds option. We use the American style here at Odds Shark.

Step 2: Enter the amount of money you wish to bet. Our calculator will take care of the rest. There are three methods of stating odds that most bookmakers and websites support. Implied Probability is also useful when evaluating a bet or checking how likely an outcome is.

Decimals quote the potential return should the bet succeed, relative to the stake. Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake. Odds correlate to probability. The moneyline is one of the most common bets. This is a straight-up bet. All you need to do is pick the winning team. The odds would look something like this:.

The amount that is set by the oddsmakers is based on how they foresee a game unfolding from a scoring perspective. If you believe the combined score for both teams will be points or more, you would bet the OVER. For point spread bets , the oddsmaker adjusts the line so that the underdog gets an advantage.

You would enter in the American Odds section if you believe Boston will cover or enter in the American Odds section if you think New York will cover. If you bet on the Knicks, then they would have to win by four points or more. If you bet on the Celtics, they would need to win outright or lose by three points or less for you to win your bet. Prop betting is a wager based on occurrences or non-occurrences during a game or season. Props are what we call novelty bets because they can consist of individual player or team milestones, and will appear like so at betting sites:.

WHAT DOES 1 500 MEAN IN BETTING

If the horse wins, you will collect on your bet. The odds listed for the horses on the toteboard are the Win odds for each horse. Place: Similar to the Win bet, a Place bet on a horse is a bet that the horse will finish in first or second.

If you make a Place bet, note that it does not matter if the horse wins or comes in second, you will win the same amount. This bet has less risk than a Win bet, but also a smaller reward. If you are confident the horse will win the race, you will receive a larger return betting the horse to Win. Show: Another variety of a straight bet, the Show bet is used when you want to bet that a horse will finish in the top 3 positions in the race. Again, if the horse comes in first or second, you will not win any more money than if the horse finishes third.

This is the safest of the straight bets but also offers the smallest return. If you are confident the horse will finish better than third, you would have a larger return placing a Win or Place bet. If you bet a horse "across the board" you are effectively betting him to Win, Place, and Show. If the horse wins, you collect on all 3 bets. If the horse comes in 2nd, you collect the Place and Show payoffs.

If the horse comes in 3rd, you collect on the Show bet only. This will pay more than betting either of the horses to win or place. Quinella: Similar to the Exacta, but this does not require the bettor to predict the order of the top two horses. Simply put, the bettor only has to pick the horses which will finish in the top two places, but does not have to predict which of those two will actually win the race. Since this is easier to predict than an Exacta, it also pays less than the Exacta typically it pays about half of the Exacta payoff.

It requires the bettor to pick the horses, in order, that finish in the top 3 positions in the race. It is significantly harder to predict than an Exacta, and accordingly will pay out much more for a winning bet. Superfecta: The most difficult of the single-race exotics, the Superfecta, requires the bettor to predict the first four finishers, in order.

Predicting a Superfecta is very difficult and will always require the bettor to take different combinations of horses so that there are more chances of winning. Double: A Double is the simplest type of wager that spans multiple races. It requires the bettor to pick the winner in two consecutive races.

There are also tracks that offer Double's in the middle of a card. If there is a Double available to be bet on, there will be a note of it on the first race or leg of the Double wager. The larger the number, the harder it is to pick, as well as the greater the payoff. For these bets, it is recommended to take several combinations of horses in each race to increase your chances of winning although this also increases the cost.

Some tracks also offer one Pick 6 per card. The payoff for one of these bets will be shown on the results for the last leg of the wager. For Pick 3s and Pick 4s, if nobody has the required number of races correct, they will typically pay out for people who missed one less race. For example, if nobody predicted a Pick 4 correctly, people who had 3 of 4 correct will get paid. In addition, the payoff results would indicate a payoff for "Pick 4 3 of 4 correct ". For a Pick 6, typically the track will also give a small payoff to bettors who had 5 of 6 correct.

However, if nobody had all 6 correct, the majority of the Pick 6 pool will be carried over to the next racing day, making the subsequent Pick 6 pool even larger. Click here for a list of other articles on Basic Wagering Topics. Click here for a list of articles on more Advanced Wagering Topics. By Neal Benoit. Your email address will not be published. Notify me of follow-up comments by email.

Notify me of new posts by email. Neal Benoit is authoring essays on a new website titled Daring Ways. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Email Address. Apr 9 How do you calculate the expected payout for a Win Bet? To calculate prices for odds other than X-1, simply convert the fractional odds to a decimal equivalent and do the same calculation.

For example, odds of equals 1. I always do this mental conversion to decimal equivalents for clarity in my own mind. In fact when I jot down the Tote-Board odds on my sheet they are always in decimal format. What happens if I bet a horse to Place and he wins the race? You get the Place price only. Can you calculate the expected Place price based upon the Win odds?

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I back all the rated horse and there maybe more than one in a race. Do American racebooks contain a rating? Thank you. Nothing like the flexi here, which is too bad! Our sponsor, Brisnet. But, most ratings in American racing are speed ratings and are not based on a point scale. Check back for more info, and most importantly have a great time at the Derby!

You can access the free Brisnet past performances for the Kentucky Derby and Oaks contenders now , they update it weekly. Good luck with your selections and I hope you also have a bonza time too, all the best. Regards, Norm. As it turns out I did the calculations on the cost of that wager wrong, a. Not bad for a small outlay.

Of course, everything depends on the pool size, but on major races, it is usually big. I was at Santa Anita races in and only certain races had quinellas and then there was a minimum bet amount. Our tote keeps our racing alive, with prizemoney ever increasing. Racecourse facilities are also the best and compared to overseas, reasonably cheap for the general public.

Our raceclubs are also not privately owned and people can join and have superior facilities. Mate, you will have the best of times. All the best and thanks again. But, it would be great to come visit some day! Hi cbas, the payout is the same regardless if whether or not your boxed it, played it straight or keyed. The variable is cost of your wager.

A few examples. I want to bet the trifecta in the Preakness. Seams there are different ways to bet this. It should give you an overview of considerations when playing trifectas or exactas and supers. The best advice I can give you is to consider your opinion first and then try to construct wagers around it. You could play Nyquist and Exaggerator in the first two spots and put the other three in the third spot.

In that case you would need Nyquist and Exaggerator to run first and second in any order and any of the other three to run third. SHOW S bets require that a horse finishes in 1 st , 2 nd , or 3 rd place. The Tote-Board Win odds are above each horse in parenthesis. This is just a shorthand way for making a Win, Place, and Show bet in equal amounts.

Win, Place, and Show wagers are all placed into separate Pools. So the anticipated Place price cannot be directly calculated based on the Win odds. In addition to that, the Place price is dependent on exactly who the 1 st and 2 nd place finishers are in the race.

For further explanation on this point, keep reading. The former payouts are shown on the left for comparison, and the new payouts are shown on the right. Since 2 is now the winner, his payout line is switched to the top of the chart. That is because the same two horses finished in the top two positions, just in reverse order. Because more total money was bet on 6 the new 2 nd place horse to place than on 8 the former 2 nd place horse. This is reasonable, considering that the Win odds on 6 are , while the Win odds on 8 are Generally the amount of money bet on a horse is proportionate between the Win, Place, and Show pools.

The simple reason why the payout is less for Place and Show wagers compared to Win is that the payout pool is being divided by two horses for Place and three horses for Show. Unless of course you bet on the favorite, which is another story! For example, Racing has several articles about the basics of Horse Racing. And Meet The People has interviews with trainers e.

Christophe Clement , Jockeys e. Gary Stevens , and on-track personnel e. Maggie Wolfendale. Click here for a list of other articles on Basic Wagering Topics.

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