Simply take the odds (20/1) and divide it by 5 (1/5), then multiply it by the each-way part of your stake (4 x 5) and add the stake (£5) on. With place terms set at 1/5, top three, this wager on Altior would return £25 if he finished in the places. At the time of writing, Altior is 20/1 to do just that – meaning a £5 each way bet would return £130 if he is successful. Let’s say you fancy Altior to win the Cheltenham Gold Cup.
#HORSE WAGER CALCULATOR HOW TO#
How to place an Each Way Betting With 888sport Horse racing is the most popular day-to-day sport for each way betting but football, Formula One and golf are also an option. Which Sports Are Best For Each Way Betting? I f you fancy a selection at longer odds to win but want to add that extra insurance in case it finishes 2 nd or 3 rd, each way betting is the best option. In this instance, the place terms are paying the first five players in the tournament. This format makes it easy for you to see the exact price you are getting on the ‘place terms’. With the each way bet explained, let’s use a practical example of how this might have an impact on you when betting on horse racing. Strategy is all-important when it comes to striking your bets, so be sure to give yourself the best chance of securing a profit from your next horse racing bet by considering the option to bet each-way!Įach way betting is a key component in horse racing, both for multiple bets – as we have already seen in this chapter – and also on singles. Meanwhile, at other times, if you have managed to uncover a big-priced horse capable of running into a place, this can turn out to be more lucrative than backing a winning favorite at a short price! Most bettors who have had a bet on horse racing have got a tale to tell of seeing their selected horse run a fantastic race only to be denied right on the winning post! Finishing second can be agonising in some cases. tend to also pay out on the finalists in each event. the football World Cup, each-way terms can place the finalists (1,2) or semi-finalists (1,2,3,4).Įach-way terms in tennis, darts, snooker, rugby union, basketball, ice hockey, baseball, American football etc. In a lot of other cases, such as football tournament betting, e.g. In other sports, such as golf, each-way terms can include up to five or six places. Sometimes this can extend to five places on big races, so keep an eye out for special offers! The Moneyline shows either how much you stand to win on a $100 bet (if the Moneyline is positive) or how much you need to bet to win $100 (if the Moneyline is negative).įor example, +500 in Moneyline Odds mean that you stand to win $500 on a $100 bet, while -500 means that you need to bet $500 to win $100 on your bet.In horse racing, each-way betting terms usually pay three or four places. Moneyline Odds (also known as American Odds) are still used by bookmakers in the United States. What are Fractional Odds?įractional Odds (also known as Traditional or British Odds) were once used all around the world and remain popular in the United Kingdom, but in Australia they have generally been replaced by Decimal Odds.įractional Odds show you the profit that you will receive on your stake.For example, 5/1 in Fractional Odds mean that you stand to win $5 for every $1 you bet as long as your selection is successful. Next you press the calculate button, the implied probability as well as your profit and total payout will be showed instantly! Odds Calculator – How does it work for the Decimal format?ĭecimal Odds are now the most common odds format in the world and is used by the majority of bookmakers in Australia.ĭecimal Odds show you the return that you will receive on your stake.įor example, 5.00 decimal odds mean that you stand to receive $5 back for every $1 you bet as long your selection is successful. Once you have made your selection, simply enter the odds as well as your stake and then press the calculate button. All you need to do is select either Decimal odds, Fractional odds or Moneyline odds by clicking on their tab at the top of the calculator.
Photo by BeforeYouBetThe Ladbrokes Betting Calculator could not be any easier to use. Decimal Odds are commonly expressed in Australia and the UK.
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