Our team of rocket scientists have worked hard to make sure that our tricast bet Create Intraday Trading Excel Sheet From Sharekhan Tradetiger calculator could be used by even a complete newcomer to horse racing betting. This means that anyone could enjoy putting down a reasonably confident tricast bet anywhere from Santa Anita to Gulfstream Park. Using our tricast bet calculator requires just a few pieces of information. You’ll need to know how many runners there are in the race, the odds of each of your selections, and what kind of betting stake you’re willing to put down.

Staking Simulation Calculator

Simply follow the links, enter the information needed and they will work out your return & total profit. With so many bets to work out it can be difficult to calculate your winnings personally, so using our calculator is the quickest and most simple way. If you have won on your Yankee you’ll want to work out what you’ve won – we’ve made that easy with our free, mobile-friendly Yankee bet calculator. Choose whether you want to display odds as decimal, fraction, percentage, or American format.

How To Use Our Parlay Calculator

If you wagered $100 on the Senators , you’d be set to win $110. Working out this bet manually can be tricky with some many bets to try and work out. Smarkets operates a world-leading betting exchange that provides a secure and transparent platform for peer-to-peer trading on sport, politics and current affairs events. USA-friendly, accepts US players, credit card deposits, bitcoin and more.

What Is A Parlay Bet?

This is why use it for the intended purpose, i.e. to find real value in a bet and not to make predictions. You want to bet on the Capitals but are not sure of the win or loss. Expected value or EV can be an extremely valuable metric for sports bettors to make a positive change in their success probability. The second race is a $40K claiming sprint for older horses — you love this race and have a “best bet” named Ima Winner. Traditionally, your best bets have hit at a 40 percent rate with average winning odds of 2-1 — a whopping 10 percent Kelly edge.

As we mentioned, the calculation is a little more difficult. Multiply your bet by the top number, then divide the figure by the bottom number. As such, a $10 bet at 5/2 odds is (10×5) / 2, which pays out at $25.

Sportsbooks consistently keep a larger portion of the money they take on parlays, by quite a margin too. Most sources will tell you parlays are a poor way to bet on sports, at least in terms of long-term expected value. That’s because for a parlay to have a positive expected value (+EV), all or almost all of the bets in the parlay must have a positive expected value.

If you have knowledge from the field of statistics, you have probably intuitively tried to convert bookies odds to probabilities. You can use it, for example, for football match with three possible outputs . Many of our NFL pundits also take interest in the youth and the NCAAF, while others focus solely on this particular league. In either case, you can expect to find regular updates to our NCAAF predictions at BettingBilly, with all the main markets covered and every major match fully taken advantage of.

So based on the odds of -120, the bookmakers have the Jets as a 54.5% chance of winning the game. The odds of 5/2 (expressed as “5 to 2”) means that for every 2 units that you bet, you will receive 5 back as profit. So if you bet £200 on that horse, you would have received £500 profit in return plus your original stake of £200.