Horse Racing Betting Calculator

Odds trading on Betting Exchanges to create hedge bets

Just like when trading shares on financial markets, the advent of betting exchanges [such as Betfair and Betdaq] has made it possible to trade odds in horse racing and other sports events. For example, if you could bet high or lay low, then you can create a hedge bet by trading those odds as the betting market develops. Use the betting calculator below to create an arbritage and hedge bets :-

Hedge calculator

%Commission =
Trade	Odds	Stake [£]	Horse Wins [£]	Horse Loses [£]


Gross profit =
	Net profit =

The betting calculator allows you to determine what odds and stake are necessary to create a hedge bet and make a profit no matter what the result.

An horse race example is shown below.

Assume that for a particular horse the odds changed from 4/1 to 2/1. Then a hedge bet could be created by initially betting a horse to win at 4/1 and then laying the same horse at 2/1.

In this example, an initial stake of £100 at 4/1 [assuming a betting exchange commission of 5%] then a £63 profit would be realised - no matter whether the horse wins or loses.

Change the commission, odds and stake for any race of interest to see the impact.

Instructions how to use :-

1. Enter the betting exchange commission % rate.

2. Enter the initial buy [or sell] odds.

3. Enter the final sell [or buy] odds.

4. Enter the value of the stake.

5. Calculate the Profit/Loss by pressing the CALCULATE button.