For example, a Pick Three Part Wheel 2 with 4,6,9 with 1,2,7,8,10 = (1 horse x 3 horses x 5 horses) = 15 possible combinations or $15 based on a $1 Pick Three. Pick Four Calculator The object of the Pick Four is to pick the winners in four consecutive races.
A fractional listing of 6/1 (six-to-one) odds would mean that you win $6 against every $1 you wager (in addition to receiving your dollar back, i.e. $1 – the amount you wagered). How to use the calculator. To work out the return on any bet, simply enter the Odds and the Stake. For example, if you were betting £100 on a 9-4 chance, enter: Odds = 9 (to) 4, Stake = 100, then click 'Calculate' The Instant Bet Calculator will then show the return on a: Win only bet Winning each way bet (1/4 odds) Winning each way bet (1/4 odds).
A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.
In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the $10 stake). Implied Probability. Odds correlate to probability. A 4/1 bet is expected to win one in every five attempts, therefore the probability is 20%. Odds Conversion Table. The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you're profiting 71.4 cents, plus your $1 back. The Vikings would be 2.2 in decimal odds as a +120 underdog, meaning for every $1 risked, you're profiting $1.20 and getting your $1 back.
The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).
Single Probability Calculator
Formulas:
- Probability of event A occurring P(A) = n(A) / n(S).
- Probability of event A not occurring P(A') = 1 - P(A).
A fractional listing of 6/1 (six-to-one) odds would mean that you win $6 against every $1 you wager (in addition to receiving your dollar back, i.e. $1 – the amount you wagered). How to use the calculator. To work out the return on any bet, simply enter the Odds and the Stake. For example, if you were betting £100 on a 9-4 chance, enter: Odds = 9 (to) 4, Stake = 100, then click 'Calculate' The Instant Bet Calculator will then show the return on a: Win only bet Winning each way bet (1/4 odds) Winning each way bet (1/4 odds).
A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.
In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the $10 stake). Implied Probability. Odds correlate to probability. A 4/1 bet is expected to win one in every five attempts, therefore the probability is 20%. Odds Conversion Table. The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you're profiting 71.4 cents, plus your $1 back. The Vikings would be 2.2 in decimal odds as a +120 underdog, meaning for every $1 risked, you're profiting $1.20 and getting your $1 back.
The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).
Single Probability Calculator
Formulas:
- Probability of event A occurring P(A) = n(A) / n(S).
- Probability of event A not occurring P(A') = 1 - P(A).
Formulas:
- Probability of event A occurring P(A) = n(A) / n(S).
- Probability of event A not occurring P(A') = 1 - P(A).
- Probability of event B occurring P(B) = n(B) / n(S).
- Probability of event B not occurring P(B') = 1 - P(B).
- Probability of both events occurring P(A ∩ B) = P(A) x P(B).
- Probability of either events occurring P(A ∪ B) = P(A) + P(B) - P(A ∩ B).
- Conditional Probability P(A | B) = P(A ∩ B) / P(B).
Example Multiple Probability Calculation
6 1 Odds Calculator
Find multiple event probabilitiy, given n(s) = 50, n(A) = 10 and n(B) = 5
6 1 Odds Calculator Formula
- P(A) = 10/50 = 0.2
- P(A') = 1-0.2 = 0.8
- P(B) = 5/50 = 0.1
- P(B') = 1-0.1 = 0.9
- P(A ∩ B) = 0.2 *0.1 = 0.02
- P(A ∪ B) = ( 0.2 + 0.1 ) - 0.02 = 0.28
- P(A | B) = 0.02 / 0.1 = 0.2
