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:

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Wednesday 5th August - EW Lucky 15

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.



Good Reception

Not disgraced on Punchestown bumper debut in June 2019 when sent off 7-1 and finishing eighth of 18, but didn’t progress as hoped when disappointing at Ballinrobe (SP 7-2) later that summer; however, got back on track when 50-1 on return from a year off, coming home well for second in weak maiden hurdle; leading player here.


Newton Abbot

Bob Pebble

Promising second in an Irish bumper last September but outpaced in the closing stages when third on last month’s stable debut at this course; likely to find opportunities over hurdles and serious threat if all goes well.


Newton Abbot


Has proved a revelation over hurdles this summer and completed a hat-trick in good style at Stratford two weeks ago; has a 21lb penalty to defy but might still be up to the task given the manner of her wins.



Scotsmans Bay

Was running a decent race at Limerick last time when unseating rider two out, having moved into third place; if avoiding errors today then he can run well.

Returns and odds correct at time of publishing.