Betting odds are calculated by the probability of something happening. For example, if the odds are 4-1 this suggests there 🌈 is a 1 in 5 chance of winning (4+1), or calculated as 1 / (4+1) = 0.2 which means there 🌈 is a 20% chance of the outcome happening. The winnings you would receive from a bet is calculated by multiplying 🌈 your stake by the odds. So a stake of £1 would pay £4 profit, plus your stake back, which is 🌈 a total return of £5.

Calculating your winnings from a single selection is fairly straight forward, however, when placing more complex 🌈 bets or multiples it’s advised you use an odds calculator.

Bet Calculator Description

Using the reliable Racing Post Bet Calculator will allow 🌈 you to work out your returns for bets like Lucky 15, Doubles, Yankee, Accumulator and much more. With a bet 🌈 calculator you can compare different outcomes of the different kinds of bets and how they may affect your profits before 🌈 you even place your bet!

How to use the free bet calculator