Horse Odds Calculator for Payout Estimation
The payout calculation is rather simple and can also be done manually without the need for horse odds calculator, though it is always recommended using a horse racing calculator when engaging horse racing betting. The payout calculation consists of multiplying the stakes by the odds and then adding the initial amount of stakes laid on the wager. It is all good and well when dealing with straight but it’s a different story when it comes to exotic wager. In an exotic wager, the payout remains unknown until the race or meeting is over. This is due to the fact that the exotic wager pool is separate than the straight wager pool when the exotic wager pool is divided among many winners, so until the race is over and results are determined, the payout is unknown. To solve this issue, the horse odds calculator performs an accurate assumption regarding the payout’s exotic betting calculator odds. It uses the odds, the stakes, the number of horses running a race and the number of races run in a meeting and comes up with a rather accurate estimation of payout. This way the punters can keep track of the crucial ratio held between the stakes and the payout.
Horse Odds Calculator for Odds Conversion
There are two types of odds formats used in horse racing betting, one being fractional format and the other being decimal format. The fractional is used mainly in the UK while the decimal is used in countries other than the UK. Approaching horse racing betting in the UK, a punter outside the UK might find it too confusing handling the fractional odds and may wish to convert to decimal odds. The same may apply for a punter from the UK going about placing a wager in horse racing betting outside the UK and might wish to convert to fractional odds for convenience purposes only. Though odds conversion is simple math, having horse odds calculator with the function of converting odds is a luxury no punter would miss.
Horse odds calculator is a horse betting calculator aimed at dealing with the aspect of odds in horse racing betting, in terms of odds conversion, in terms of the odds as part of the final payout calculation or in terms of horse odds prediction. The use of a horse odds calculator is so common nowadays that it is almost impossible to imagine punters going about placing a wager without using the functions of the horse odds calculator.