How are horse racing payouts calculated?

It’s a great idea to understand how payouts are calculated before you go making your bets. This ensures you are getting the best value for your selections! The numbers may seem scary but the odds and payoffs are actually pretty easy to learn. Here’s a run down of what you need to know…

The Win Odds

The easiest information on the board is the win odds. For example 20/1 means you will get £20 in profit for every £1 you wager. So if you wager £5, you would get 5 x 20 on this bet, which would give you £100 profit, plus you get your stake back so would have £105 returned to you. Let’s apply this to a bet which is 6/4, so for every £4 you wager, you’d make £6 plus what your stake was.

Using Total Pool and Bet Amount

  • First deduct the “take” from each betting pool. The take can be as high as 20%.
  • Then from this betting pool, you should subtract the amount of money you had staked as a bet to be left with the potential payout due to you. Working out Acca bets Selection Fraction Odds Decimal Odds Cumulative decimal odds 1 2/1 3.00 3.00 2 10/11 1.91 5.73 3 3/1 4 22.92 4 5/4 2.25 51.57 5 4/6 1.67 86.12

If the total pool was £1,000, and the take was 20%, and you had staked £100, you would calculate your payout as follows.

  • Subtract 20% from the total pool of £1,000, which will give you £800
  • From the £800, you should subtract the amount of cash you staked (£100) which would leave you with £700. Therefore, £700 would be your payout on this bet.

Payouts for Accumulator Bets

The odds for accumulator bets are calculated by converting the fractional odds of each selection into decimals and then multiplying them together. This can result in very high odds but the more selections you have, the easier it is for one to slip up and your bet to lose.

Working out Acca bets
Selection Fraction Odds Decimal Odds Cumulative decimal odds
1 2/1 3.00 3.00
2 10/11 1.91 5.73
3 3/1 4 22.92
4 5/4 2.25 51.57
5 4/6 1.67 86.12

For example:
So in this example your final outcome is 86.12 (rounded to 2 decimal places). If you were to put £10 on this, your return would be £861.20 + your £10 stake = £871.2

These being the most common bets you will make, hopefully this has gone some way to helping your understanding of how horse racing payouts are calculated.

For more useful information on Horse racing head to: https://theracing.co.uk/news-guides/

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Sunday 24th May - US Racing ACCA

Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.

18:15

Gulfstream

Dixieland Humor To Win

A winner at 3-1 at Gulfstream over 6f on her latest outing in February, beating Luxe Diamond by 1 1/2l. That was impressive.

18:45

Gulfstream

Temple To Win

Winner of five races from 1m to 1m 1f on good ground. Won on his latest outing when 6-5fav at Gulfstream over 1m 1f (good) last month, beating Arthur Kitt by 1 1/4l. Got a dream run up the rail that day and did it well.

19:46

Gulfstream

Man With A Plan To Win

Successful at 4f and 6f. Third of 9 behind Bahamian Prince beaten at 6-4fav on his latest outing at Gulfstream over 5f (good) in December last year. Having his first run for a new stable today, previously with Jose Pinchin. He returns at a much lower level.

20:16

Gulfstream

Fuddled To Win

Dam a lightly raced maiden. Beaten a neck by First Wave when second of 10 at 5-1 on her racecourse debut at Gulfstream over 5f (good) in March. That was a cracking start to her career.

20:49

Gulfstream

Blame The Thief  To Win

Winner of five races at 1m. A winner at 15-2 at Aqueduct over 1m (good) on his latest outing in March, beating Business Cycle. Having his first run for a new stable today, previously with Rudy Rodriguez in United States, and has strong claims today.

Returns and odds correct at time of publishing.