Horse racing isn’t only one of the most popular sports; it’s also one of the most popular sports to bet on. While in many cases, it’s not too taxing to work out a wager and the potential returns, in others, it is, especially when multiple legs are involved. And this is where a horse racing betting calculator can come in handy. 

A bet calculator works very similarly to a standard calculator in that the user inputs the information, and the calculation is performed automatically. Only with a bet calculator, and especially a horse racing betting calculator, the information required is going to be slightly different to the norm. 

In short, bettors will input details such as the bet type, the stake, and the odds of each horse they’re banking on to win the race. The calculation will then be performed, taking all of the data inputted into account, and the potential returns if everything goes to plan will be revealed. 

A bet calculator, sometimes known as an odds calculator, can handle horse racing betting of all types and levels of complexities, from Singles through to Super Goliaths and everything in between. 

• Single 
• Double 
• Treble 
• Four Fold 
• Five Fold 
• Six Fold 
• Seven Fold 
• Eight Fold 
• Accumulator 
• Trixie 
• Yankee 
• Canadian/Super Yankee 
• Patent 
• Lucky 15 
• Lucky 31 
• Lucky 63 
• Heinz 
• Super Heinz 
• Goliath 
• Super Heinz With Singles 
• Super Goliath 

A bet calculator is designed to help bettors work out their potential returns on a bet, making life easier for them. So, using one is going to be a doddle for anyone and everyone, rather than be too complicated and not seen as a useful tool or aid to provide effective assistance. 

After finding a bet calculator online, which isn’t too challenging as all the leading sports book operators have them readily available, the first thing to do is to set the bet type by selecting it from the drop-down menu provided. From there, everything below will be determined by this choice alone. 

The next three options that must be set are the odds type – fractional or decimal, the total stake of the bet and the conditions, such as whether the bet each way, which is common in horse racing. Other conditions include Rule 4, when a horse is declared a non-runner, and Dead Heat, when more than one horse crosses the line at the same time. 

The final stage of using a bet calculator is entering the odds of a horse and the result of that leg. A bet that includes multiple legs will require all horses' information, odds, and results to be entered before the total returns and profit can be calculated. It’s always worth double-checking everything at least once before taking on board the potential returns and profit suggested, as a slight mistake can knock everything out of kink and create incorrect calculations, resulting in inaccurate returns and profit. 

Online sports betting operators take all the hassle out of placing wagers. They will often detail the returns a bettor can expect if everything goes to plan, especially when dealing with bet types such as singles, doubles, trebles and accumulators. But, for more complex bets, a bet calculator is a useful free tool that’s readily available. 

As with all calculators, they only work correctly when accurate information is inputted into them. Setting the correct bet type, total stake, conditions, odds, and results of each leg is the only way to guarantee accurate potential returns and profit at the end. 

Pick your best bets with us and find the horses you want to bet on with our betfinder. You can find our Cheltenham Festival odds, Grand National betting markets, and much more like our King George VI Chase odds or Royal Ascot bets.