In this article, we are going to take a closer look at the concept of odds calculators, how they tend to work, and the key benefits that they can offer in terms of boosting your betting balance. On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful. Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make.
This could be anything from a single to a Yankee to Super Heinz or an accumulator. The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article. You will then repeat that process however many times is necessary — for example, if you have placed multiple bets — and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play.
The latter offers compensation in the event that a horse withdraws from a race after a bet is placed. After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful.
Choose your each-way terms with the odds calculator — these vary based on the number of runners and the type of race. As you may have already realised, such tools offer clear benefits to horse racing fans whether they are planning for future races or even checking what their final winnings will be after placing several bets.
The ability to input information on a combination of bets is a particular benefit, as it ensures you do not get a headache while attempting to consider the potential outcomes of the bets you have made. For a great number of horse racing fans, the use of fractions is the traditional way of viewing the odds for the runners and riders, but the use of decimals is something which has grown significantly across recent years, too.
The concept operates on the straightforward notion that you simply multiply a stake by the decimal shown and the outcome will be your total winnings. While the use of decimals may seem very simple in that respect, it is worth bearing in mind that the concept offers up one fundamental difference in comparison to the use of fractional odds. Betfair are known for their willingness to accommodate savvy bettors and savvy bettors generally look for the best odds to be guaranteed when deciding where to place their bets.
Applies to Sportsbook fixed odds each way singles only on selected determined by Betfair trading team Horse Races. Not available for multiples or SP singles. Available on Betfair Sportsbook, Each Way Edge is a nifty little option that lets bettors tinker with the number of each-way places that count for their bet on selected races, in return for a small alteration in the odds on their selection.
Many bettors will use this offer, available to existing customers as well as new ones, to make their each-way bet more likely to land, in return for slightly smaller odds. However, if you strongly fancy a Cheltenham Festival runner at a decent price you could use Each Way Edge to get better odds on your pick in return for less each-way places.
Max 5 Referrals. This a neat way for existing Betfair customers to earn some extra cash before or even during Cheltenham. As well as their new and existing customer offers, Betfair are offering a Cheltenham live stream. Check them out on our Cheltenham free bets page. Underage gambling is an offence. Please gamble responsibly and only bet what you can afford. For gambling addiction help and support, please contact the National Gambling Helpline on or via the NetLine.
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