Free Bet Calculator – Betting Odds Calculator for All Your Bets

Use RacingTipster’s free bet calculator to work out your winnings or for wagers you have yet to place. Our betting odds calculators are handy tools that will improve your overall horse racing betting experience.

What is a Free Bet Calculator & How Does It Work?

A free bet calculator is an online tool that calculates potential profits from bets. Above all, these powerful calculators are time-efficient. You can work out total returns from bets based on odds and stakes entered.

Our online free betting calculator can be used with our AI horse racing tips at any time. Here’s how it works.

1. Select Wager Type – There’s an easy drop down menu allowing you to change bet type from single & each-way bets to doubles, trebles, accumulators, and more.
2. Enter Stake – Enter your stake by inputting the amount you are betting/have already bet on your wager.
3. Choose the Right Odds Format – Odds are set at the fractional format by default but can be changed to decimal or American.
4. Note Alternative Options – Click Yes or No on Each Way bets and apply Rule 4 where necessary. Additionally, there is a Result dropdown box where you can toggle between Won, Placed, Dead Heats, Lost, and Void bets.
5. Click or Tap on the Calculate Button – Review your selections and press the Calculate button to view Total Return and Total Profit.

You can work out potential returns for betting events fast and efficiently with this essential tool.

Formats on Our Betting Odds Calculator

The best way to calculate potential winnings – for any types of bets – is by using the odds format you’re most comfortable with. We provide all three of the most popular racing odds types in the UK, which are fractional, decimal, and American odds.

• Fractional Odds – This is the most common odds format in UK horse racing betting. Put simply, fractional odds show the profit that can be made relative to the stake you place. For example, odds of 3/1 mean you can generate £3 in profit for every £1 you stake.
• Decimal Odds – Decimal odds are mostly used by sports bettors in continental Europe and places like Australia or New Zealand. They are easy to understand, showing the total return including stake for a unit wagered. For instance, odds of 3.00 means you’ll receive £3 (including £1 stake) for every £1 staked.
• American Odds – American odds, also known as US or Vegas odds, display in either positive or negative prices. Positive American odds (e.g., +300) show how much you can win from a £100 profit, while negative odds (-300) indicate the stake required to win £100.

Our free bet calculators handle the heavy lifting and can even convert odds between different formats. This helps when you want to break down prices shown in decimal into fractional, for example.

Different Bet Types in Our Free Betting Calculator

Use our horse betting odds calculators before and after racing results come in to calculate all kinds of bets, including singles and more alternative bets like Goliaths.

• Single – A single wager based on the winner of one event. For instance, Galopin Des Champs to win the Cheltenham Gold Cup on Friday.
• Each Way – Consists of two bets: one to win and one to place.
• Double – Combine two selections into one bet (both must win).
• Treble – A treble bet includes three selections (all must win)
• Accumulator – Combine 3+ selections into one bet (all must win).
• Trixie – 3+ selections forming four bets (3x doubles and 1x treble).
• Patent – Three elections covering seven bets (3 x singles, 3x doubles, and 1x treble).
• Yankee – Four selections for 11 different wagers (6x doubles, 4x trebles, and 1x accumulator).
• Lucky 15 – Four selections create 15 bets (4x singles, 6x doubles, 4x trebles, and 1x accumulator).
• Canadian / Super Yankee – Five selections resulting in 26 bets (10x doubles, 10x trebles, 5x four-folds, and 1x accumulator).
• Lucky 31 – Five selections with 31 wagers (5x singles, 10x doubles, 10x trebles, 5x four-folds, and 1x accumulator).
• Heinz – Make six selections for 57 bets (15x doubles, 20x trebles, 15x four-folds, and 1x accumulator).
• Lucky 63 – Six selections for 63 bets (6x singles, 15x doubles, 20x trebles, 15x four-folds, and 1x accumulator).
• Super Heinz – Seven selections from racecards creating 120 bets (21x doubles, 35x trebles, 35x four-folds, 21x five-folds, 7x six-folds, and 1x acca.
• Goliath – Eight selections for 247 bets (28x doubles, 56x trebles, 56x four-folds, 70x five-folds, 56x six-folds, 28x seven-folds, and 1x accumulator.

When you know the odds and stake per bet, you can basically calculate all these kinds of bets from racecards in the UK and beyond.