Do You Get Your Stake Back On A Bet
Below are the three main formats used for expressing betting odds.
- Do You Get Your Stake Money Back On An Each Way Bet
- Do You Get Your Stake Back On A Free Bet
- Do You Get Your Stake Back On A Betting
- Do You Get Your Stake Back On A Betta Fish
This means that for every dollar you bet, you get your stake back plus 20 cents. Now, we support responsible betting, but let’s assume you’re wagering more than $1. If you bet $100, you get $120: your $100 stake + $20 profit. Below, the calculation is similar. In the event of a winning fixed odds bet, you always get your stake back plus your win amount, net of any taxes. Do you get your original bet back if you win? You’ll still make a profit from winning an odds on bet, as your initial stake is returned too, but you have to risk an amount that’s higher than you stand to gain. Whatever level your stake is, there are only two options: you either lose the bet and your stake, or you win the bet, retrieving your stake and adding to it your winnings. However, the term ‘Odds’ is far more difficult for most bettors, especially as odds are connected to market prices, fluctuations, probabilities, expectations, etc.
- Decimal
- Moneyline (or American)
- Fractional
- It depends on the bet, but usually you get the stake back. You should know the difference between “to” and “for” when discussing odds. Whenever the odds are stated as “to” this means that in addition to the stated payoff you also receive your original bet back.
- When backing an outcome, the liability is simple to calculate as it’s your stake - the amount you bet. Unlike back bets where you only lose your stake regardless of the odds, the liability of a lay bet is dependant on the odds. As an example, let’s say you want to lay a horse at 3.40. To win £10 your.
Do You Get Your Stake Money Back On An Each Way Bet
Most likely, you’ll come across all of these formats when playing online. Some sites let you choose your format, but some don’t. This is why knowing all of them is extremely beneficial.
This is the format most commonly used by betting sites, with the possible exception of sites that have a predominantly American customer base. This is probably because it is the simplest of the three formats. Decimal odds, which are usually displayed using two decimal places, show exactly how much a winning wager will return per unit staked.
Here are some examples. Remember, the total return includes the initial stake.
The calculation required to work out the potential return when using decimal odds is very simple.
In order to work out the potential profit just subtract one from the odds.
Using the decimal format is as easy as that, which is why most betting sites stick with it. Note that 2.00 is the equivalent of even money. Anything higher than 2.00 is odds against, and anything lower is odds on.
Moneyline/American
Moneyline odds, also known as American odds, are used primarily in the United States. Yes, the United States always has to be different. Surprise, surprise. This format of odds is a little more complicated to understand, but you’ll catch on in no time.
Moneyline odds can be either positive (the relevant number will be preceded by a + sign) or negative (the relevant number will be preceded by a – sign).
Positive moneyline odds show how much profit a winning bet of $100 would make. So if you saw odds of +150 you would know that a $100 wager could win you $150. In addition to that, you’d also get your stake back, for a total return of $250. Here are some more examples, showing the total potential return.
Negative moneyline odds show how much you need to bet to make a $100 profit. So if you saw odds of -120 you would know that a wager of $120 could win you $100. Again you would get your stake back, for a total return of $220. To further clarify this concept, look at these additional examples.
The easiest way to calculate potential returns from moneyline odds is to use the following formula when they are positive.
If you want to know the total potential return, simply add your stake to the result.
For negative moneyline odds, the following formula is required.
Again, simply add your stake to the result for the total potential return.
Note: the equivalent of even money in this format is +100. When a wager is odds against, positive numbers are used. When a wager is odds on, negative numbers are used.
Fractional odds are most commonly used in the United Kingdom, where they are used by bookmaking shops and on course bookies at horse racing tracks. This format is slowly being replaced by the decimal format though.
Here are some simple examples of fractional odds.
- 2/1 (which is said to as two to one)
- 10/1 (ten to one)
- 10/1 (ten to one)
And now some slightly more complicated examples.
- 7/4 (seven to four)
- 5/2 (five to two)
- 15/8 (fifteen to eight)
These examples are all odds against. The following are some examples of odds on.
- 1/2 (two to one on)
- 10/11 (eleven to ten on)
- 4/6 (six to four on)
Note that even money is technically expressed as 1/1, but is typically referred to simply as “evens.”
Working out returns can be overwhelming at first, but don’t worry. You WILL master this process with enough practice. Each fraction shows how much profit you stand to make on a winning wager, but it’s up to you to add in your initial stake.
The following calculation is used, where “a” is the first number in the fraction and “b” is the second.
Some people prefer to convert fractional odds into decimal odds before calculating payouts. To do this you just divide the first number by the second number and add one. So 5/2 in decimal odds would be 3.5,6/1 would be 7.0 and so on.
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What is an each way bet? - Learn about the each way bet and all its possible outcomes. This bet can generate a return even when your selection doesn't win outright. Discover how the returns are calculated and follow the detailed examples.
Do You Get Your Stake Back On A Free Bet
Double bet calculator - For an each way wager with 2 selections, use this calculator. Please be sure to manually select the Each Way option from the dropdown box. Both selections must at least place to gain a return.
Treble bet calculator - Combine 3 selections into an each way treble and calculate the returns with this calculator. Just choose the option from the drop down menu and enter your details. Note that all selections must finish in a placing position to achieve a return.
Accumulator bet calculator - Supports up to 20 selections in an each way accumulator. Choose your options and enter the odds for the returns to be calculated. Supports rule 4 deductions, dead heats, non runners, fold betting and more.
Each Way Bet Calculator FAQ
An Each Way bet is essentially split into 2 bets. The first part of the bet is a WIN bet on your selection, and the second is that they will PLACE, the place bet will vary per race or event, but it will generally be to finish in the top 4 or 5.
When you place an Each Way bet your stake is doubled; so a £5 Each Way bet would require a £10 stake. £5 will go on the win portion and £5 on the place portion.
The place portion of the bet will be represented using a fraction of the winning odds. So for instance, if the each way fraction is 1/5 and the winning odds are 10/1 and you place a £5 each way bet, then your win portion has potential returns of £55 (£50 + £5) and the place portion potential returns of £15 (£10 + £5). If your selection wins you will receive both these returns if they place then you will only receive the second returns for that portion of the bet.
Do You Get Your Stake Back On A Betting
The main advantage of an Each Way bet is that it increases your chance of a win. If the odds are long already then the potential returns if your selection places may still be attractive.
On the downside Each Way bets require a greater initial stake as your stake is essentially doubled and if your selection already has low odds then the returns may be significantly less attractive once you discount the win portion of your stake.