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Football

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Tennis

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Darts

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Cricket

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Golf

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Horse Racing

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F1

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Boxing

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Debit card

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Neteller

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Skrill

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Apple Pay

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Trustly

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Deposit match

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We independently review betting sites. Sign-ups through our links may earn us a commission at no extra cost to you, this never influences our listings’ order.

If you’re someone who enjoys a flutter or two on the horses, you’ve probably come across the idea of calculating potential winnings for different bets. However, with the many different types of horse racing bets available, it can be difficult to work out your potential winnings. This is where our horse bet calculator payout tool comes in handy. On this page, we’ll provide an overview of what our horse bet calculator does, how it works, and answer some frequently asked questions.

Single & Each WayDoublesTreblesAccumulatorLucky 15
Single & Each Way
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Total Stake

Total Return

Total Profit

What is a Horse Bet Calculator?

Our horse bet calculator is a tool that we have designed to be used by bettors so that they can calculate the potential winnings for different types of horse racing bet. It’s a very useful tool for those who are getting into to horse racing betting for the first time, and therefore are not familiar with the different types of bets, odds, odds formats and how they work. The calculator takes into account your odds and stake for each bet, and generates the potential returns and profits for a winning wager.

How to Use Our Horse Bet Calculator

Using our horse bet calculator each way and win bets is easy. First, select the type of bet you want to place. Then, input the odds and stake for each bet. When you have done all that hit the calculate button and the calculator will generate the potential profit and returns for each outcome. Our exclusive tool is particularly useful if you want to compare the potential payouts for different types of bets, or different selections within a single wager.

Our horse bet calculator payout tool accepts the following three most common odds formats:

  • Fractional – i.e. 1/2, Evens, 100/30
  • Decimal – i.e. 1.50, 2.00, 4.33
  • American – i.e. -200, +100, +433

Our tool also functions as a horse bet odds calculator. If you enter your odds in one format and then change the display format, the odds will be automatically converted.

Single & Each Way

For this option, you can calculate the winnings for singles bets, either a win bet or an each way bet (win and place bet combined). For an each way bet, make sure you have the ‘each way’ option button selected for ‘yes’.

Doubles

This option is used for double bets, where the potential winnings from one bet is used as the stake on the second. For the sake of the calculator, you can mix a single win bet with a single each way bet as a double.

Trebles

The same as ‘doubles’, but with three selections as opposed to two.

Accumulator

Here you can string a number of selections together as an acca. The options are from fourfold to twentyfold. Note that you can also use our horse bet accumulator calculator for singles, doubles and trebles.

Lucky 15

This is a common horse racing bet on four selections combining all of the following:

  • Four singles
  • Six doubles
  • Four trebles
  • One acca

Bets such as Lucky 15 can be hard to calculate, which is where our online bet calculator for horse racing becomes an invaluable tool! Just plug in all the details about your selections, and hit that calculate button.

Rule 4 Deductions

One factor to consider when using a horse bet calculator online is the rule 4 deduction. This is a reduction made to the potential payout if one or more horses are withdrawn from a race after the bet has been placed. The deduction is based on the odds of the withdrawn horse(s), and is designed to ensure that the remaining horses receive fair odds. When using our horse bet win calculator, make sure to take into account any potential rule 4 deductions that may apply.

The rule 4 deduction does not normally apply in races with a large number of runners. The deduction applies to the starting prices of the withdrawn horse – basically the shorter the odds, the larger the deduction. Deductions are given as a pence amount, but they can easily be regarded as a percentage.

Say you won £10 on a race but there was a non-runner priced at 9/4. This would trigger a 30p reduction per pound, or 30 percent. You would lose 30 percent of your winnings, so your winnings would be reduced to £7. Your stake though would be returned as normal, so your total return would be £17.

Dead Heat Rules

Another important consideration when using a horse bet winnings calculator is the possibility of a dead heat. This occurs when two or more horses finish a race at the same time, and it can impact your potential payout. Different bookmakers may have different rules for handling dead heats, so be sure to check the specific rules of the bookmaker you’re using.

The most common settlement of a bet where a dead heat occurs is for only half your stake to return a win. Say you bet £10 on a 4/1 shot in a race and it finishes first but in a dead heat. You would then be paid on the basis of your stake being £5, which is half of £10. You would receive back £20 in winnings and £5 of your stake back for a £25 return.

Each Way Horse Racing Bet Calculator

An each way bet is a type of bet that allows you to hedge your bets by betting on both a horse to win and to place (usually in the top two to four positions). This can increase your chances of winning, but it can also complicate your calculations. Our horse racing bet calculator each way tool takes the guesswork out of this type of bet by allowing you to enter the details of your each way bet and get an instant estimate of your potential payout.

When you are using our horse racing bet calculator each way option, make sure that the relevant each way option button is checked. Note that our tool can also function as a horse bet odds calculator.

Useful Horse Racing Bet Terms

To help you navigate the world of horse racing betting, here are some key terms to be familiar with:

Each Way Bet

An each way bet is a type of bet that allows you to bet on a horse to win and to place (usually in the top two to four positions).

Lucky 15

A Lucky 15 bet is a multiple bet that consists of 15 different bets on four horses – four singles, six doubles, four trebles, and one fourfold acca.

Yankee Bet

A Yankee bet is a multiple bet that consists of 11 different bets on four horses – six doubles, four trebles, and one four-fold acca.

Patent Bet

A Patent bet is a multiple bet that consists of seven different bets on three horses – three singles, three doubles, and one treble. You can use our patent horse bet calculator UK combined for patent bets.

Round Robin

A Round Robin bet is a multiple bet that consists of 10 different bets on three horses – three doubles and one treble from three selections, plus three doubles and one treble from the first two selections.

Our Other Popular Calculators

Give that we like to think that we are the most useful site available in the UK when it comes to all the varied aspects of sports betting, it would be pretty strange of use to only offer a bet calculator for horse racing. We have a good number of sports betting calculators that cover multiple options, and we have listed them all for you below.

The Latest UK Free Bet Offers for 18 May 2024

If you’re looking for the best free bet offers in the UK, then we can help! Our site helps you compare offers from different online bookies in the UK so that it’s very likely you’ll find one that suits your specific needs. With our best free bet offer UK table, you can easily see the amount of the free bet offer, the minimum deposit required, the terms and conditions, and more.

As betting on horse racing is so popular in the UK, there are always a high number of top horse racing betting offers around. We will always keep you abreast of the very latest offers, so make sure you keep visiting our pages on a very regular basis.

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06/03/23 Date Posted
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06/03/23 Date Posted

FAQs

Just how accurate is your horse bet win calculator?

Our horse bet winnings calculator is designed to be one hundred percent accurate. It's important to remember, though, that there are many variables in horse racing that can affect the outcome of any race. The calculator is a tool designed to help you make informed decisions, so it's always a good idea to perform your own research before placing a bet.

Do I need to create an account with you so that I can use your horse bet calculator?

Not at all! You don't need to create an account or provide any personal information in order to use our horse bet calculator. It's one hundred free and you have our guarantee that it always will be.

Am I able to use your horse bet calculator online for other types of sports wagers?

Our horse bet calculator UK is specifically designed for horse racing bets, but there are many other types of bet calculator available at our site that are suitable for other sports. We have provided links to all of our popular bet calculators above.

How do I know if my winning bet has a Rule 4 deduction?

If a horse is withdrawn from a race after you've placed your bet, your UK online sportsbook will make an announcement about any Rule 4 deductions that apply. You can also check the bookies' site or contact their customer support team for more info.

Is it legal to use your free horse bet calculator?

Yes, it's completely legal to use a horse bet calculator UK to help you make informed betting decisions. However, it's important to remember that gambling laws and regulations vary by country and jurisdiction, so it's always a good idea to check the laws in your area before placing any bets. If you are in the UK though, you have no worries about placing bets at any site, as long as it is licensed by the UKGC.

Peter Addison
Peter Addison
Peter Addison

Peter joined the BettingSites.co.uk team in 2023, having previously worked for many high-profile gambling-related sites such as RightCasino, JustSlots, WhichBingo and Gambling.com. An experienced head when it comes to all aspects of iGaming, Peter is a fanatic fan of sport, including football and US sports such as baseball and American football. He is also a multi-published fiction writer, although sadly, not a wealthy one.