![]() Hence, decimal odds of 1.5000 imply that if a $1 bet were to win, $1.50 would be returned to the bettor (the $1 initial stake plus $0.50 in winnings), while decimal odds of 3.0000 imply that if a $1 bet were to win $3 would be returned to the bettor (the $1 initial stake plus $2 in winnings).ĭecimal odds of 1.5000 and 3.0000 are the equivalents of US odds of -200 and +200, respectively. It represents the number of dollars that would be returned if the bet wins including the initial stake. Using US-style odds, even odds bets are quoted as +100.ĭecimal-style odds (most common outside the US, UK, and Ireland) are quoted as a positive number greater than 1 (typically displayed to 2 or more decimal places). Hence, US odds of +200 imply a bettor would need to risk $100 in order to win $200 (so were he to win he would receive the $100 initial stake plus $200 in winnings). When quoted as a positive number the odds figure represents the unit amount a player would win were he to risk 100 units. Hence, US odds of -200 imply a bettor would need to risk $200 in order to win $100 (so were he to win he would receive the $200 initial stake plus $100 in winnings). When quoted as a negative number the betting odds figure represents the unit amount a bettor would need to risk in order to win 100 units. ![]() US-style odds (most common, not surprisingly, found in the United States) are quoted as either a positive or a negative number. Many Asian oriented sportsbook will also quote odds in “Hong Kong” style, “Indonesian” style, and “Malaysian” style formats. Traditional or “Fractional” style (aka “British” or “traditional”). Since keeping track of all the figures of the wager, the stakes, the number of exotic wager, the number of possible combinations, and the possible returns of a wager, is a difficult task requiring time and patience, using a horse racing calculator is the way to prevent calculating mistakes and improve the wager process.There are three major formats in which most online sportsbooks quote odds:Įuropean Style or “Decimal” style (aka “European” or “continental”). Many punters have moved on from regular win, place or show wager and are now already mastering several types of wager altogether. A horse racing calculator can reveal the potency of an exotic wager in terms of how many stakes were raised and does the earnings compensate on that. Different exotic wagers have different combination possibilities that significantly affect the stakes in cases of multiple combination and so the need for a horse racing calculator in order to keep track of the stakes and earnings is imminent. The horse racing calculator computes the total number of combinations and total cost of placing a wager.įor each exotic wager, the use of a horse racing calculator is highly recommended. When placing wager on a daily double, or a simple each-way bet there is no real need for a horse betting calculator, but when things start to get complicated as in picking exact winning orders, or the winning horses of a given number of races, the need for a horse racing calculator rises to become a feature inseparable from exotic wagers. Picks: Can be 3, 4, 5, or 6, pick 6 for example is picking out a given race’s exact finishing order of 6 horses. ![]() ![]() There are also 5 and 6 picks variations in the Superfecta exotic wager. ![]() Superfecta: Picking the first four finishers of race in the exact order. Tricast: Picking the first three finishers of race in the exact order. Quinella: Picking two horses to finish first and second regardless of the order. Straight Forecast: Picking the first two finishers of race in the exact order. there are six main exotic wager schemes, ordered by an ascending difficulty level: When ever a wager is other than win, place or show, it is referred to as an exotic wager. There are many types of wager schemes in horse racing betting, each unique in the stakes put on the wager and the way horses are picked. ![]()
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