Single Bet Calculator – Work Out Your Win Singles

This is the complete guide to using our single bet calculator. Though a single is the simplest of all bets, they can be tricky to work out and that’s where our calculator can help. We’re going to show you how it works and everything else that you need to know about the topic.

What is a Single Betting Calculator & How Does it Work?

A single sports bet calculator is a useful tool that can quickly work out the returns on your single outcome bet. This makes it a perfect companion to our AI racing tips and predicted winners.

Depending on the initial stake and odds of your single wager, it can be tough to quickly calculate the return, especially if there are dead heats in races. Our calculator makes it easy. Here is a step-by-step guide to using it to work out a single event bet.

1. Enter Your Stake – Start by entering your bet stake. For a single bet, your original stake remains unchanged, so the amount you input will be exactly what the wager costs.
2. Select the Odds Format – The calculator’s odds format defaults to fractional, but you can switch to decimal or American odds if you prefer.
3. Set the Each Way Status – To keep this as a single wager, leave the each-way option set to ‘No’. Switch it to ‘Yes’ only if you want an each-way bet.
4. Add Your Odds – Input your odds in the format chosen earlier. Since this is a single selection, only one set of odds is needed.
5. Rule 4 – If there are withdrawals in a race, Rule 4 applies. Set the reduction amount for every £1 won, accounting for any adjustments due to withdrawals.
6. Enter the Result – There are various options for the result of the bet. Choose from won, placed, dead heat, lost or void.
7. Calculate the Bet – With all the bet details entered into the calculator, click on the button marked ‘Calculate’. It will instantly show you your stake, potential returns and your possible profit.

Bets held on racecourses in Britain or elsewhere involve odds and payouts. This is where a reliable bet calculator helps.

Different Format of Odds in Our Singles Sports Bet Calculator 

As you will have seen, there is an option on our single betting calculator to set an odds format. Online betting sites display different odds formats as a default, with there normally being an option to change them.

Regardless of what types of odds are displayed, they all roughly work in the same way. For example, calculating prices for any of today’s Naps shows you the implied probability of the bet winning and your potential profit. We’re going to take you through any type of sports betting odds that are available and explain how they work.

• Fractional – If you bet on the horses or a football match in the UK, you will probably see fractional odds. There are two numbers, with the first showing how much you can win, based on the value of the second number, which represents the stake. So 3/1 means that a £1 bet would see you win £3.
• Decimal – The decimal format of racing betting odds is arguably the most simple to work out. There is a figure which shows how much of a return you’ll get, including the stake, based on a unit stake of 1.0. So for example, decimal odds of 8.0 mean that a successful £1 bet would see you win $7, plus get your £1 stake back (£7 + £1 = £8).
• American – Odds-on selections are known as favourites are have a minus sign in front of numbers. The number shows how much you need to bet to win $100 (eg. odds of -120 mean you must bet $120 to win $100). Odds-against selections are underdogs and have a plus sign in front of the number. The figure shows how much you can win if you bet $100 (eg. odds of +120 mean that if you bet $100 you can win $120).

Other Bet Types in Our Single Bet Calculator

A horse betting calculator lets you quickly work out potential outcomes for various types of bets. Simply use the drop-down menu to select the bet type you want to calculate.

Now, let’s explore the different betting market options available.

• Each Way – Two bets on one selection (one bet to win and one to place).
• Double – Use a double bet calculator when two selections form one bet and both must win.
• Treble – The returns on three selections combined can be worked out with a treble bet calculator.
• Accumulator – Accumulator bets are formed from four or more selections, with all needing to win.
• Trixie – Four bets from three selections (3x doubles, 1x treble).
• Patent – Seven bets from three selections (3x singles, 3x doubles, 1x treble).
• Yankee – 11 bets from four selections (6x doubles, 4x trebles, 1x accumulator).
• Lucky 15 – 15 bets from four selections (4x singles, 6x doubles, 4x trebles, 1x accumulator).
• Canadian – 26 bets from five selections (10x doubles, 10x trebles, 5x four-folds, 1x accumulator).
• Lucky 31 – 31 bets from five selections (5x singles, 10x doubles, 10x trebles, 5x four-folds, 1x accumulator).
• Heinz – 57 bets from six selections (15x doubles, 20x trebles, 15x four-folds, 1x accumulator).
• Lucky 63 – 63 bets from six selections (6x singles, 15x doubles, 20x trebles, 15x four-folds, 1x accumulator).
• Super Heinz – 120 bets from seven selections (21x doubles, 35x trebles, 35x four-folds, 21x five-folds, 7x six-folds, 1x accumulator).
• Goliath – Goliath – 247 bets from eight selections (28x doubles, 56x trebles, 56x four-folds, 70x five-folds, 56x six-folds, 28x seven-folds, 1x accumulator).

Having the option to work out potential winnings before racing results are announced can help you plan your bets.