# Odd calculator

Since there are a number of conditions that dictate whether a particular bet qualifies for a bonus, the Include Bonus option makes it easier for you to include, or exclude, the bonus settings from your calculations.

This can be done on a bet by bet basis, without needing to alter individual bonus settings, which are otherwise normally fixed for a particular bookmaker.

Simply click the button with the relevant selection number to display a panel containing the less frequently used Rule 4 , Dead Heat and Joint Favourite options.

For example, if a selection has lost, then Win Odds is not relevant, so that option is removed from the form. Win Odds can be entered in either Fraction , Decimal or American format, in accordance with the current odds format that can be changed via the Settings.

Total - the number of participants finishing in the same position. In the event of a double dead heat you should enter 2, and in the unlikely event of a triple dead heat you should enter 3.

Places - the number of places being offered by your bookmaker for the event in which your selection is taking part. Position - the finishing position for the dead heat.

If the dead heat is for first then you should enter 1, if the dead heat is for second then you should enter 2, etc.

Total - the number of joint favourites, more accurately termed co-favourites if there are more than two. Winners - the number of favourites that won the race.

This will normally be 1, since a value of 0 would indicate that your selection did not win. This value will only exceed 1 if joint favourites are involved in a dead heat for first place.

These options are only relevant if you have backed the Unnamed Favourite to win, when more than one favourite has been declared.

Each Way No Yes. Number of Selections Thus, the odds of being dealt a card that will give you a straight or flush are In real life, of course, if you already have cards in your hand, you're rarely being dealt cards from a complete fifty-two card deck.

Keep in mind that the number of cards in the deck decreases as cards are dealt. Also, if you're playing with other people, you'll have to guess what cards they have when you're estimating your odds.

This is part of the fun of poker. Know common formats for expressing gambling odds. If you're venturing into the world of gambling, it's important to know that betting odds don't usually reflect the true mathematical "odds" of a certain event happening.

Instead, gambling odds, especially in games like horse racing and sports betting, reflect the payout that a bookmaker will give on a successful bet.

To add to the confusion, the format for expressing these odds sometimes varies regionally. Here are a few non-standard ways that gambling odds are expressed: Decimal or "European format" odds.

These are fairly easy to understand. Decimal odds are simply expressed as a decimal number, like 2. This number is the ratio of the payout to the original stake.

For instance, with odds of 2. Fractional or "UK format" odds. This represents the ratio of the profit not total payout from a successful bet to the stake.

Moneyline or "US format" odds. These can be difficult to understand. Remember this subtle distinction! In moneyline odds, a simple "" no plus or minus represents an even bet - whatever money you stake, you'll earn as profit if you win.

Understand how gambling odds are set. The odds that bookmakers and casinos set aren't usually calculated from the mathematical probability that certain events will occur.

Rather, they're carefully set so that, in the long run, the bookie or casino will make money, regardless of any short-term outcomes! Take this into account when making your bets - remember, eventually, the house always wins.

Let's look at an example. A standard roulette wheel has 38 numbers - 1 through 36, plus 0 and If you bet on one space let's say 11 , you have 1: However, the casino sets the payout odds at Notice that the payout odds are slightly lower than the odds against you winning.

If casinos weren't interested in making money, you would be paid out at However, by setting the payout odds slightly below the actual odds of you winning, the casino will gradually make money over time, even if it has to make the occasional large payout when the ball lands on Don't fall prey to common gambling fallacies.

Gambling can be fun - even addictive. However, certain widely-circulated gambling strategies that at first appear to be "common sense" are, in fact, mathematically false.

Below are just a few things you should keep in mind when you go gambling - don't lose more money than you have to! You're never "due" to win.

If you've been at the Texas Hold 'Em table for an hour and you haven't been dealt a single good hand, you may want to stay in the game in the hopes that a winning straight or flush is "right around the corner.

The cards are randomly shuffled before every deal, so if you've had ten bad hands in a row, you're just as likely to get another bad hand as you are if you've had a hundred bad hands in a row.

This extends to most other games of chance - roulette, slots, etc. Sticking with one specific bet won't increase your odds. You may know someone who has "lucky" lotto numbers - though it can be fun to bet money on numbers that have special personal meaning, in random games of chance, you're never more likely to win by betting on the same thing every time than you are by betting on a different thing every time.

Lottery numbers, slots, and roulette wheels are completely random. In roulette, for example, it's just as likely that you'll roll "9" three times in a row as it is that you'll roll any specific three numbers in order.

If you're one away from the winning number, you weren't "close. You weren't even close. Two numbers that are close together, like 41 and 42, aren't mathematically connected in any way in random games of chance.

What is my chance to win once in three draws of a one-in-five chance to win? The chance of losing all three is. Thus, the chance of not losing all three is 1 -.

So the probability of winning at least once is Not Helpful 8 Helpful There are two possible outcomes and one "right" outcome. One out of two is 50 out of , or Not Helpful 0 Helpful 3.

Give the odds in simplest form. Not Helpful 6 Helpful 8. Now, it depends on what you mean by "better".

Not Helpful 3 Helpful 3. Assuming the event which is being predicted has only 2 outcomes, and is random, and each prediction is one of these 2 outcomes, the chance of all ten predictions being accurate would be 0.

If I have a 1 in 5, chance of winning on a given day, and I play every day, how many times am I likely to win in a year?

You are not likely to win in a year. If you divide by days in a year you get Not Helpful 5 Helpful 2. Not Helpful 62 Helpful 7.

A total of raffle tickets were sold. One person purchased 5 tickets. What are the odds of one of his tickets being drawn? It depends on how many tickets are drawn.

If only one ticket is drawn, the odds are 5 out of , or roughly 1 in Not Helpful 0 Helpful 0. Is there a formula to use in soccer betting to win?

Answer this question Flag as I have a game that has 46 balls. What is the probability all 6 red balls will pop up at once?

And what are the odds of winning if people play each drawing? With a random draw, you have 12 entries out of 80 total entries. What is the probability that none of your entries will be in the first 25 picks?

If I have 2 sets of cards comprised of 12 Aces and 13 kings respectively, what are the odds of getting only kings if 6 cards are dealt?

Include your email address to get a message when this question is answered. Already answered Not a question Bad question Other.

Tips Check the rules for the specific game you are playing for further information that will help you calculate odds.

Calculating the odds of a lottery is a lot harder. Charts where the odds are already calculated for you are available on the Internet.

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