Horse Racing Calculator

Betfair Strategies

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. For example, if you could bet high or lay low, then you can create a hedge bet by trading odds as the betting market develops. The following betfair hedge calculator allows you to determine what odds and stake are necessary to make a profit.

An horse race example is shown below. The change in odds [i.e. from 4/1 to 2/1] is typical for any horse racing betting market in the UK. A arbitrage is 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 and a betting exchange commission of 5%, the profit would be £63 - no matter whether the horse wins or loses. Feel free to change the commission, odds and stake for any race of interest.


Commission =  
%      
Trade
Odds
 
Stake
[£]
 
Horse Wins
[£]
 
Horse Loses
[£]
x = or
x = or
  Gross profit = or
Net profit =
             

How to use the betfair hedge calculator :-

Enter the betting exchange commission % rate.

Enter the initial buy [or sell] odds.

Enter the final sell [or buy] odds.

Enter the value of the stake.

Clear the calculator by pressing the Reset button.

Calculate the profit/loss by pressing the Calc button.


betting calculator