How do I calculate the gain of a horse betting?
In regards to gains in horseracing, you have to know basic – that the different horse-betting provider places you different types of bets. It applies, for example, between the bookmaker betting and totalizer differentiate. In the bookmaker bet you are the betting odds offered directly by the bookmaker and thus are seen before the start of horseracing, which means you can make your profits when bets calculate.
In the totalizer, betting sees things a little different, since the final odds are fixed before the start of the race. You just get an Eventualquote that acts as a guide. The final betting odds is determined only after the start of the race and is therefore only at your disposal. Now that this distinction has been made, must be further noted that there are different notations to represent the odds.
In the sports betting area, the decimal representation is widespread. There are also some horse betting providers, such as Betfair, which relies on this notation. Instead of having to gain calculation simply subtract the value of one of the odds and multiply the result by your bet. Formula: (betting odds – 1) * bet = Profit The majority of horse betting company does but in a different form of representation at the odds back.
During a decimal betting odds displayed for example as 2.8, provide many horse betting bookmaker betting odds than 28 this represents the betting odds is always based on a bet. The 28 represents the profit when you place a bet with a bet of € 10. Strictly speaking, one would have (spoken 28 for 10) in the ratio 28:10 write area of the horse. This would be at the expense of clarity. For this reason, write the online horse betting; only the 28th At first glance, this may already be a little confusing.
However, there is a simple formula with which you can convert these ratios to decimal odds, and finally to calculate the profits. Formula (betting odds / 10) – 1 * bet = Profit For our example with a betting rate of 28 and a fixed bet € 30 the formula would look like this. (28/10) – 1 * 30 € = 54 €. The profit amounts to 54 €. Revenue resulting from the addition of the profit and the bet and is therefore at 84 €.