Win payouts are based on a $2 wager. Multiply the Tote-Board odds times $2 and then add the $2 wager back. For example, #8 is (7-1), so 7 x $2 = $14, Add $2 = $16 payout. To calculate prices for odds other than X-1, simply convert the (fractional) odds to a decimal equivalent and do the same calculation. To calculate “-” odds, divide 100 by the odds, then multiply that quotient by the amount you bet. For example, suppose you want to calculate how much profit a $50 bet on the Dodgers would 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. This Bet Calculator allows bettors to calculate the potential Payout for any single bet and has a simple ‘Add Odds’ function to calculate the Payout for a multiple bet. It might be one of the most basic calculations in betting but using the Bet Calculator above will help bettors enhance their understanding of what betting odds represent and what it means for their bet. How To Calculate the Payout for An Exacta Bet. Payouts for these wagers are calculated using the pari-mutuel system. This means you’re betting into a pool and there are no fixed odds involved. All of the money for Exacta Bets goes into one pool, that pool of money is distributed among the winning tickets. This means that if there is an upset in the race, you can win big – whereas if lots Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. See what your total payout and winnings will be. Betting Calculator Parlay Calculator Bet Slip. Expected Winnings $ 0.00; Expected Payout $ 0.00; Create Wager. Bet Amount. American Odds. Fractional Odds A place means finishing either first, or in one of a number of places – typically 2 nd, 3 rd or 4 th. Make sure you check the place terms before making your bet. The place terms for your bet include, the number of places the bookmaker will pay out on, and the fraction of the odds you will get if the horse does place. Usually 1/4 or 1/5. The 5th Race at Churchill (1Nov2018): I don't understand the Place payout fo the #7 Horse. Here are the figures: Total Place Pool= $56,195. Churchill takeout= 17.5%, leaving $46,360 in Place Pool. #10 Horse won. #7 placed. $15,507 was bet to Place on #10. $6477 was bet to Place on #7. $21984 total. $46,360 minus $21,984= $24,376. Net Winnings Payout Calculator. Download ThePuntersPage Payout Calculator to find out what your net winnings would be if you place a bet of up to 10 selections at any particular stake you enter. It's available for all three main odds format: fractions, decimals and American odds! How Can you Calculate Your Betting Odds and Payouts?
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Casino craps hardway bets are a simple bet to learn, fun to play, but not that wise a bet to make. In this video I explain the ins and outs of hardway bets, ... This video explains the basics of the Win, Place and Show bets in horse racing. Check out www.NicksVegasPicks.com to learn more about how to bet on horses, ... The formula will be Net Profit equals Net Payout For Race minus Total Amount Wagered For Race. This resets for every individual race. 2. There is a $20,000 limit, per horse per bet type for show bets. This video is only to highlight math, I don't encourage gambling or sports betting. Source of problem: Su, Francis E., et al. "Sure Betting on Different Beli... How To Win Big On Football Bets - How To Bet On Football And Win Money Sports Betting https://bit.ly/31st9uTWin Money Sports BettingIn this video will sho... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Visit http://ilectureonline.com for more math and science lectures!In this video I will calculate the odds on, and odds against in horse racing.Next video in... Lay Bets - craps payouts are the opposite of Buy bets. You are betting the seven will show before one of the point numbers. Lay bets pay at the true odds of ... Teddy & Pauly teach you how to be an expert in parlays, with strategies and other tips. Compare Over 200 Online Betting Sites: http://www.sportsbookreview.co... Is the casino paying you correctly? You should understand how the dealers are paying place bets to know if you are getting paid correctly. In this video I co...
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