betting odds explained each way double calculator

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Betting odds explained each way double calculator 3 way handicap betting soccer predictions

Betting odds explained each way double calculator

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The each way terms available differ depending on the sport, competition and market. The selection is a horse priced at Decimal odds are pretty straight forward once you get the hang of them. For standard back bets you simply multiply your stake by the decimal odds to calculate your total return including your stake. Your profit is then your total return — your stake.

Trying to calculate place odds for each way bets requires a little more understanding. For example: if we back a horse at For instance, if all but one of your selections wins and the remaining selection only manages to be placed, the WIN element of the bet is void. The same outcome would occur if one selection wins but the remaining selections only manage to be placed.

Still, you will receive a return for the place element of the multiple each way bet. If just one of your selections fails to win OR place, the entire multiple each way bet is void. It is important to remember that should your first selection win, the returns from that bet DO NOT become the stake for subsequent selections. If one of your two selections wins but the other only manages to place, the win element of the each way double is void.

If one of your three selections wins, but the other two only manage to be placed, the win element of the each way treble is void. An each way accumulator follows the same principles as an each way double or treble. The only difference is that the number of selections made is chosen by the bettor instead of the bookmaker. The each way odds are equivalent to, or are in excess of, 5. The odds are then in your favour, insuring that your win bet and total stake are covered, should your selection finish in a specified place.

You are not considering the favourite in the market. Your selection has high odds but you still feel that it has a very good chance of finishing in one of the specified places. For example, are you planning to keep it simple with a single bet on one race?

Or, alternatively, are you looking to take a chance on a larger gamble with an accumulator? Thankfully, that is where online odds calculators come into their own. These handy tools can make a huge difference to your betting activity, providing you with a full overview of the options available and ultimately helping you to place the bet — or combination of bets — that works best for you. In this article, we are going to take a closer look at the concept of odds calculators, how they tend to work, and the key benefits that they can offer in terms of boosting your betting balance.

On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful. Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make. This could be anything from a single to a Yankee to Super Heinz or an accumulator. The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article.

You will then repeat that process however many times is necessary — for example, if you have placed multiple bets — and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play. The latter offers compensation in the event that a horse withdraws from a race after a bet is placed. After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful.

Choose your each-way terms with the odds calculator — these vary based on the number of runners and the type of race. As you may have already realised, such tools offer clear benefits to horse racing fans whether they are planning for future races or even checking what their final winnings will be after placing several bets.


Some of the popular sports where you can place a double bet include football, basketball, tennis and horse racing. As double bets are a very popular betting type, you will find them offered at every online sports betting site. To know more about our writers and our ranking method you can learn more about MyBettingSites. We have a Privacy Policy and Cookie Policy.

By continuing to use this site, you are providing consent to it. We try hard to make sure that the site is up to date at all times. However, sometimes things happen beyond our control. Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet.

Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. Double Bet Calculator. Enter Bet Details. Reset All. Odds Format Fractions Decimals American. Add Selection Notes. Summary Updated Automatically.

Total Outlay. Total Return. However, this will vary across bookmakers. Should your selection finish first, both components of the wager will return a handsome profit. However, should the horse not win but finish at any of the specified ranks, you earn your winnings from the PLACE component of the bet. As stated earlier, both the selections will have to win in order for you to get a pay-out. When Selection A wins, everything that would have been returned to you is then carried forward to stake on Selection B.

That is precisely why this bet has the potential to generate bigger winnings; however, at the risk that should the first selection lose, you would lose the bet and your stake. Simply click on both the selections. You may also get consolidated Double bet odds. In that case, only click on that.

After this, go to your bet slip and type in the stake. With football, the possibilities are endless. You can combine a number of selections and place a Double Bet on them. Conversely, you can retain the first selection and bet on Manchester United to draw against Arsenal. All you have to do is select both the markets, head to your bet slip, and type in your stake. Also, you can always place a Double Bet in the Outright market. Trivia: The oldest Grand Slam is the Wimbledon, first founded in Click here to know more about the best tennis betting sites and what should you expect from them.

Free to play. Only one game may be played at any given time. Answer 12 questions and money left in the pot after all the questions are answered is yours to keep. Rewards valid for 7 days. Free bets must be placed at min odds of 1.

Exchange free bet limited to certain markets. Payment restrictions apply. You can only take part using one account. If you have been excluded via email or otherwise by Betfair from taking part in sportsbook promotions, you will not qualify for this promotion. Applies to pre-match singles in the Win-Draw-Win market only. Applies to all online, mobile, phone, and text bets. New customer offer. Exchange bets excluded. Get your single bets paid out if the team you back goes 2 goals ahead - for multiple bets, the selection will be marked as a winner with bet Applies to pre-match single and multiple bets on the standard Full Time Result market for applicable competitions.

Only available to new and eligible customers. The most tangible upside of placing a Double Bet is the potential for a higher pay-out, courtesy of the combined odds. Also, you can hope to back two selections that might be low-value, and still rake in the moolah. You are confident that both these selections will turn up in your favour. When you think about how to work out Double Bet odds, there is an easy equation that you can use.

While you can always use this formula and multiply it with your stake to arrive at the returns, you can also choose not to do such heavy lifting. Simply use an online Double Bet calculator before you place the wager. This is undoubtedly the most straightforward way to calculate your winnings.

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