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Horse wager calculator
Horse wager calculator





horse wager calculator

Alternatively, the bettor could place a $1 trifecta key, #4 over 5/6/7 for just $6, and give preference to Horse #4. The bettor in this situation could place a $1 trifecta box on 4, 5, 6, and 7, but it would cost $24 to do so and give equal weighting to all four selections. Imagine a race in which the bettor believes Horse #4 is the strongest runner and that horses 5, 6, and 7 are quality contenders. But to begin, consider the following example for a simple overview of how trifecta keys work. There are other ways to manage trifecta keys, including keying multiple horses. The wager wins if the keyed horse finishes first and the other selections finish in second and third place in any order. The bettor can add two or more other horses to cover second and third place in any order. Trifecta keys work on a similar principle but involve a bit more specificity to keep the wager’s cost down.Ī basic trifecta key involves selecting a key horse to finish the race in first place. If the bettor has a stronger feeling about one or more horses, placing a standard trifecta box bet is unnecessarily expensive.

horse wager calculator horse wager calculator

One of the problems with the basic trifecta box bet is that it gives equal weighting to all of the selections. Therefore, the trifecta box is a relatively expensive bet (a $1 trifecta box with four horses would cost $24). Because this bet involves four horses that can finish in any order, it covers 24 possible outcomes. In a trifecta box, the bettor chooses three or more horses and wins if those horses take first, second, and third place in any order.įor example, a bettor can place a trifecta box bet on four horses and win if any three of those selections finish the race in first, second, and third place in any order. In reality, the trifecta key is not as complicated as it sounds.įirst, it helps to understand how the trifecta box bet works. If two horses tied for 3rd after the first two horses had past the post, then dead heat rules would apply to the 3rd and 4th horses only, with them sharing the final winning position.Some of the confusion surrounding trifecta key bets is due to the variety of ways in which the wager can be organized. Any winning contracts will then be divided by the number of places remaining.įor example, in a top three horse racing market if the first three horses were involved in a dead heat for first place then all three would be declared winners and no dead heat calculations would apply. Profit/loss = return - original liability = £53.33 - £60 = -£6.67ħ.3 In the event of a dead heat in a multi-winner market, only contracts that are tied past the last winning position will be affected. Return = ((1 - (expected number of winners / number of actual winners) * original odds) / (original odds - 1)) * original liabilityįor instance if a user placed a sell order on the same event for £20 at odds of 4.0, their return would be calculated as follows: Profit/loss = return - backer’s stake = £6.67 Return = (Backer’s stake * (number of expected winners/number of actual winners)) * original odds.įor instance, if the user placed a for order of £20 on a horse at odds of 4.0 which then finished first in a dead heat with two other runners, their bet would be divided as follows: 'For' bets are decided using this equation: The formula for this, along with relevant examples, are given below: The dead heat calculator will then show your your profit or loss from the bet.ħ.1 A dead heat is defined as an event in which there are two or more joint winning contracts.ħ.2 In the case of a dead heat, the winnings made and losses incurred by users are split according to the number of competitors.Enter the number of places that are shared by the tied selections.Enter the number of selections that have tied for the dead heat place.Select either back or lay depending on what your bet on the market was.This dead heat calculator works out your return is in instances where your bet has been subjected to our dead heat rules.







Horse wager calculator