Horse Racing Bet Calculator to the Rescue
In the past, every aspect of horse racing betting that had relations to the mathematical side of placing a wager, like odds conversion and payout estimation, was manually handled by the punters resulting in miscalculation and mistakes that carried unfortunate outcome with them almost always. The horse racing bet calculator is a horse betting calculator offered the easy going for punters by taking over everything that involves calculation, handling of stakes vs. payout and handicapping. By doing so, the horse racing bet calculator lets the punters focus on placing their wager in a much more efficient manner resulting in more wager placing and more winnings.
Functions of the Horse Racing Bet Calculator
The horse racing bet calculator harbors three main functions that improve the punters wager placing by a large scale. These three main functions are odds conversion from decimal to fractional and the other way around, stakes and payout estimation and handicapping.
Since all countries that allow horse racing betting except for the UK use decimal odds, punters who wish to place a wager on another country’s race will fancy the conversion of decimal odds to fractional odds as they are more familiar with it. The same goes for punters outside the UK that go about placing a wager on UK’s horse racing.
Payout and Stakes
The calculation of the stakes and payout in horse racing betting is pretty simple as it consists from multiplying the stakes by the odds and adding the initial stakes. A punter must pay attention not to reach a situation where the payout does not cover the stakes in case of multiple wagers. With the aid of the payout and stakes estimation function punters can easily avoid mistakes that would cost them dearly. However, things tend to become complicated when the wager involves exotic wager such as Trifecta, which a wager is placed on three horses and the exact order in which they would line up at the finish line in first three positions. In this type of wager, estimating the payout is a bit tacky since the payout is determined only at the end of the race and so it makes it difficult for the punter to maintain a correct stakes payout ratio. The horse racing bet calculator uses factors such as the stakes, odds, number of races in a meeting and the number of horses running a given race in order to reach the most accurate payout estimation.
Handicapping is the most important aspect of them all, being the task of eliminating the losers and defining the likely winners of a race. A Sophisticated horse racing calculator may include the function of a handicapping calculator which incorporates the factors used in handicapping and forces a complicated mathematical methods on them in order to perform the task of handicapping and determine the likely winners of a race.
Horse racing betting would have been a whole lot different or, if to be accurate, a lot like it used to be in the past if it wasn’t for the appearance of the horse racing bet calculator which dramatically changed the way punters place their wager, both in the monetary aspect and the handicapping aspect, meaning picking the horse that is more likely to win.