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 At bookmakers’ discretionhorse wager calculator Oxford Languages indicates “across the board” is also a U

Each week, thousands of horseplayers betting thoroughbred, quarter horse, or Arabians at 140 U. Visit site. To become a handicapper you will focus on picking the winners of various horse races. 2 days ago · The horse betting calculator is an online tool, accessible to both beginners and seasoned bettors, with a diverse range of functions aimed at enhancing your betting game. By doing so, the horse racing bet calculator lets the punters focus on placing their wager in a much more efficient manner resulting in more wager. E. This removes much of the legwork needed to create your tabs and. This is an intermediate tool. The different types of horse racing calculators available at BetCalc are an accumulator bet calculator, dutching (spread betting) calculator, back/lay calculator, each way single bet calculator, odds converter and many more, all designed for one purpose and that give users and bettors the best tool they can get for every calculating need they. Compare how different outcomes on each selection might affect your profits before placing your bet. Let’s say you’re using two horses in each leg of a 50-cent Pick 5. 1/4 for 4 places. November 18, 2023. The Lucky 31 bet is like the lucky 15 however this time there is 31 bets across five selections. When you bet on the pentafecta or Super High Five you can spend as little as $0. Wagering $2 each way will cost $4 because you are placing two bets. The tricast bet calculator is the simplest form. Select a bet amount, type, and horses, and get the total cost of the ticket. A Placepot bet is a Tote betting wager where you must pick and have a horse finished placed in each of the first six races at a particular meeting. So you betting would slip will be $2. You made a $2. 4 to place second, horse No. The first step in using a horse racing. Odds on the toteboard are for win wagers only and are approximate with the final payoff based on the final count of wagers from all simulcast outlets. Learn more about betting on horse racing with our guide. To work this out, you can use the following formula: Individual bet = (Total stake x Individual arbitrage %) / Total arbitrage %. Work out potential winnings for any type of bet or check winning bets have been settled correctly with our bet calculator. BETTING CALCULATOR FAQYour bet: $2 . com, your official source for horse racing results, mobile racing data, statistics as well as all other horse racing and thoroughbred racing information. TwinSpires will refund your first win bet up to $25, if your horse doesn’t finish first. Step foot into exotic betting with exactas, trifectas and superfectas! Do you know the impact of training workouts, final race times, or the best way to bet your Kentucky Derby horse on a budget of $2, $10, $25, or $100!? Maybe you know a thing or two about betting on horse races, but expert horseplayers take multiple factors into consideration. com Horse racing calculator helps you calculate and asses your stakes and wins. 97 x $100 minus your initial $100 stake). By entering the odds of your selected horses, the tricast bet calculator computes an estimation of the potential return on your wager. The first is a "win" wager. DRF Bets – $250 deposit match + $10 free horse racing bet. 333S + 16. Learn more about betting on horse. Bet Calculator. Example: Let’s say you select horse No. Let’s say you’re using two horses in each leg of a 50-cent Pick 5. Keep in mind that. Some calculators may even display the. H = Number of horses. Bookmaker’s Account Restriction. So when betting each way horses, you are betting on a win and a place. Our expert Mike Brunker simplifies all the terminology and answers the most commonly asked questions so you can make the best possible run at your. For instance: Daily doubles: This wager entails selecting the winner of back-to-back races. The Superfecta Wheel bet is picking sets of horses to finish in first, second, third, and fourth position. 7 – Superfecta. 85), fractional odds (57/20), and implied probability (25. That's right. Aside from products, there are many other free betting tools available. If you play a 3-5 Exacta Box. The new cost would be $144. Shots on Target. 50. Lucky 15 Bet Calculator. 50). You will learn basics of how to bet on horses online, understand types of bets, rules, systems, how to read odds and calculate payouts. The horse racing calculator at Horse Hats lets users choose the type of exotic wager, the amount of horses picks, possible bet combination and the amount of. payout and handicapping. 50, or $16. How To Use A Horse Racing Bet Calculator. You will now construct three wheel tickets using your “key” horse (the one you chose to win) with the other three horses. For example, a $1 Exacta wheel of horses 1 and 2 in first place over horses 3, 4, and 5 in second place would cost $6 ($1 for each combination). This means that if you place $100 on every game in your betting schedule, you’ll end up wagering $250 over the course of the season. To calculate the profit, subtract the stake from the potential payout. Experience the excitement of the 2024 Kentucky Derby at Churchill Downs on Saturday, May 4th. Enter your stake, bet type, odds (fractional or decimal), place terms (if applicable). Horse racing enthusiasts could be one of these groups, with this betting market also being one of the most popular. Use our free adult horse weight calculator to estimate your horse's weight using body length and heart girth measurements. That means you are betting Horse 3 finishes first, Horse 6 second, Horse 2 third, Horse 5 fourth. The Daily Double is a multi-race, multi-horse bet that requires the bettor to pick the winners of the first two horse races on a single card. AceOdds provides the most comprehensive and reliable suite of bet calculators, with over 50,000 bets calculated daily. 3 x 2 x 1 x $2 = $12. For example, if the user selects four horses for the superfecta in a 10-horse race and the cost per combination is $1, the calculator will indicate that the total cost of the bet is $24. Calculate my bet. 0 (Evs), and get money back as a Free Bet if it loses. A $1 trifecta box with three horses costs $6 while using six horses costs $120. Taking the example above, if we added a stake of $50 we can calculate the potential winnings from the bet using an odds calculator: Profit = (50 * 275)/100. When a horse is priced at 10-1, one can read that as 10/1. For each-way bets select the tick box on the right of the page if your selection has. This will pay more than betting either of the horses to win or place. PLAY NOW. There is a fair reason why Winning Ponies feature an exotic betting horse racing calculator on their site. To figure out how much money you could win on your wager, multiply the stake amount by the odds in fractional form. An unbeatable betting experience. For example, here’s how one would plug in a $2 trifecta box involving three horses: (3 horses) x (2 horses) x (1 horse) x $2. The horse in the Kentucky Derby with the lowest odds is favored to win the race and the rest of the horses are underdogs at Churchill Downs. Another strategy is to play a smaller horizontal wager. 16 or more in handicap races. A $300 bet at 1/3 odds would win $100, for a total payout of $400. For some, the latest horse racing news is concentrated into just a few events per year when the mainstream hype of the Kentucky Derby and the other Triple Crown races dominates headlines in May and June. AceOdds provides the most comprehensive and reliable suite of bet calculators, with over 50,000 bets calculated daily. This includes every major and most minor horse racing tracks in the United States. Process 4 – Lay Off 10 Minutes Before The Race Starts. 54. For example, if you want to see the -110 odds payout of your bet, just fill out the bet amount and odds in any one format and our payout calculator will show. Free, easy to use and accurate, the betting odds calculator supports a wide variety of options including each ways, accumulator perms and bookmaker. The Superfecta Wheel bet is picking sets of horses to finish in first, second, third, and fourth position. May 16, 2023 12:38 PM EDT. For the sheer purpose of handling odds, the horse racing odds calculator is the tool to work with in case a conversion between decimal and fractional odds is needed or a complicated payout by the odds calculation is crucial for the punter to decide upon which horses to place a wager. Once you’ve selected a tricast odds calculator, you’ll need to input the odds for the three horses you want to include in your tricast bet. You can bet five different combinations of horses on that $5 bet to increase your chances of winning $100 or more. They are rounded down to the nearest nickel or dime, which is called. 15. Here’s how the basic exotic bets work: Exacta: A bet on two horses to take 1 st and 2 nd place in that order. Wager amounts start at $2 and $50; Emphasis Strategy: You can select to emphasis trainer, jockey and the horse's pedigree and Smart Pick will factor you suggested wager with those preferences in mind; Bet Calculator: The bet calculator is a simple tool to help you determine the cost of an exotic wager Racing Schedule -Quinella - Bet in which the first two finishers must be picked in either order. The formula for calculating any trifecta bet is: Trifecta combinations = (A x B x C) – (AB x C) – (AC x B) – (BC x A) + (2 x ABC) Where: A = Number of selections for 1st place. The parlay calculator allows you to input your stake & odds in American formats to quickly calculate the payout for your bets. EXACTA is the form of pari-mutuel wagering whereby you select in order the first and second place horses in races which offer exacta wagering. 8 to place third and horse No. This applies to sports betting, horse racing, casino bet types, and other forms of wagers. Racetracks calculate pari-mutuel wagering odds by collecting all bets of one type into a pool, taking a percentage off the top for the house, and using the. A horse racing betting calculator ( horse bet calculator ) is an online tool that is used to calculate the cost of large and complex horse racing bets like the superfecta, pentafecta, Yankee, Goliath, and more. All selections must win for the bet to generate a return, but the payoff can. The calculations are rather simple. Learn more. g. The most comprehensive and reliable bet calculator. If you’re new to horse racing, this betting guide is for you. Hold (Rake) Expected Value. To win the bet a handicapper must successfully pick the winner of all six races in succession. This bet improves your chances of winning because 1 or more horses can be chosen to finish in each position. The more higher-priced horses that win, the bigger the payoff. This is not generally recommended, though. A Tricast Bet (Trifecta) refers to a horse racing bet that you place on who will finish in the top 3 places in a race. 50, or $16. Before making any bet, it helps to know what you're risking for the expected payout. Learn more. Trifecta: A bet on three horses to take 1 st, 2 nd, and 3 rd place in that order. Next, select three horses you think could finish first, second, or third. Using a Horse Betting Calculator It is highly recommended to use a horse racing betting calculator or a horse handicapping calculator if and when engaging horse betting. Author: AceOdds. The Pick 6 Basics. The formula for calculating any trifecta bet is: Trifecta combinations = (A x B x C) – (AB x C) – (AC x B) – (BC x A) + (2 x ABC) Where: A = Number of selections for 1st place. Bettors generally are trying to find instances where the actual probability is greater than the implied probability odds. All selections must win for the bet to generate a return, but the payoff can. The horse racing bet calculator is a horse betting calculator offered the easy going for punters by taking over everything that involves calculation, handling of stakes vs. You’ll see the amount of money bet in each pool and the resulting odds based on the $1,000 total in the pool: #1: $100. Once you’ve selected a tricast odds calculator, you’ll need to input the odds for the three horses you want to include in your tricast bet. Tune in with our free live streaming videos of daily races from over 150 tracks around the US and the world. Beginners' Guide to Betfair Exchange. gambling calculator. Five horses = 120 combinations = $12. And when it comes to betting, horse racing is desirable for all kinds of reasons. Now that you have given the check marks for all the various handicapping factors, count the number of check marks each horse received and write that number next to their name. The minimum amounts are usually $2, although some tracks will let you wager less than that. In the 2nd dropdown menu, select the desired USD value. To convert positive odds to a decimal, divide the odds by 100 and then add 1. 2) Agoo 152-1. Whether you’re exploring each-way betting, trying to familiarize yourself with the concept of rule 4 deductions, or test driving a new staking plan — the horse betting. Trifecta box – A trifecta wager in which all. Assume a punter lays a £2 wager on a Trifecta wheel, picking horse number 7 as first and horses number 6 and 5 for the second and third. The cost is less than you might think: 2x2x2x2x2x0. X = size of the bet in dollars. Betting odds calculator allows you to insert your odds and automatically convert them to American, Decimal, and Fractional odds. Win Place Show is an online parimutuel betting calculator. Total Return: The Win (£55) plus the Place (£15) equals a total return of £70 from £10 staked, giving £60 profit in total. To calculate the payout on a horse bet, you multiply the amount of your bet by the odds offered on the horse. After inputting all the necessary details, the calculator will instantly generate and display the potential returns for your bet. Horse Racing Calculator – Betting Type Costs and Payouts. The first bet is on the horse to win and the second bet is on the horse to place. Place 5x£10 Sportsbook bets on any Horse racing market at minimum odds of 2. g. The horse racing payout calculator comes in various ways depending on the wager type placed on the horse or horses. The potential reward for winning a pentafecta. Let’s look at how to calculate the costs of a Trifecta Bet. If you see the numbers a1 and 1A, you will receive two horses for the price of one. This should include both your original stake and the profit you stand to make if your choices are successful. . Calculate how much to bet on horse racing with this easy-to-use tool. Only deposits made via Cards will be eligible for the promotion (Apple Pay excluded). $150 Deposit Bonus AmWager Promo Code: BUSA150 Get Bonus. Place – Choose one horse, but this time the horse needs to finish first or second for you to win. ” Entries occur when two (or more) horses are. BetMGM Horse Racing – 100% deposit match up to $200. Exacta/Perfecta/Exactor: One of the simplest single-race exotic bets, the Exacta is the combination of predicting the winning horse and the second-place horse, in order. Morning line – The odds that the track handicapper predicts a horse will go off at. It’s a single wager where you pick exactly three horses and decide the exact order you think they will finish in. Exotic betting refers to an extremely popular group of horse racing wagers that all include a component where you must wager on multiple horses. An advanced horse wagering calculator can efficiently deal with these complex combinations and permutate possible outcomes. Implied odds are the conversion of a sportsbooks offered odds into an implied win probability. Luke Lindholm. Aqueduct Free Picks. 33%. 1 – 1. This calculator is what you need to work out your returns, supporting each ways bets, dead heats, rule 4 and more. Using our bet calculator, you find out that you have a 2. Wager Amount: When building a large muti-race ticket, such as a Pick 6 ticket , many handicappers like to create spread tickets to cover more horses and keep their costs down. As a bettor you can be at times attracted to multiple selections in a market and quite simply, want to get around them all! This is common in horse racing as well as futures markets such as who will win the Superbowl or be the. But the prices are weighted accordingly. For many others, betting on horses is a daily labor of love with wagering happening at tracks across North America and around the world. The Placepot Calculator is multiplying the number of horses selected in each of the six races. horse racing odds examples: 6-5 odds. Also Read: A ccumulator calculator Win bets. Number-Entry-Odds. Home; Info; News; PostThe horse you wager on to Win must finish first in order for you collect. (+400/100) + 1 = 5. If you see the numbers a1 and 1A, you will receive two horses for the price of one. It is based on Steven Crist’s book “Exotic Betting” and allows you to quickly input your selections and make complex bets. Let’s explain some U. Minimum Exchange stake now £1 - details here. Likewise, a $1 Double wheel of. A Rule 4 deduction is a function of our horse bet calculator UK punters won’t want to have to use, but the reality is these do apply to any wagers apart from ante post betting done in advance, so we’ve included it. The horse racing payout calculator comes in various ways depending on the wager type placed on the horse or horses. ” So instead of betting, say, $10 to win, you’re betting $10 to win, $10 to place, and $10 to show, for a total investment of $30. Our horse weight calculator is a quick and easy way to estimate horse weight without a scale. Once signed up and ready to bet, the easiest way to begin tracking your bets is to download an existing Excel spreadsheet. Odds Calculator - Convert Betting Odds & Calculate Payout. All you. A tool to simplify the job and select. Exacta Box. S. Pari-mutuel betting in horse racing is the total pool of money wagered on a particular type of bet that is then divided up among the winners after the track deducts its overhead costs and taxes. As you can see, our pick of horse five has finished in third position. Bet365 Acca Bonus. Churchill Down Inc. Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. Select a bet amount, type, and horses, and get the total cost of the ticket. Across the board – A bet on a horse to win, place, and show. Enter the decimal odds of 2 or more selections in the appropriate 'choice' fields. Additional places. 45 and on the Raiders is $144. Up to 8% Daily Rebates. If your runner comes in first place you win all three prices (win, place and show). Betting odds are calculated by the probability of something happening. , 400/100 is the same as 4/1. Use this odds calculator for all types of bet, including each way bets. No other horse betting system has WinningPonies e-Intelligence. In order to get your total earnings, you multiply $2 by the numerator 7 and. Dalos, who foals mares in Canada and Ontario, had this colt born in Ontario and he had. Free Horse Racing Calculator for Betting Use this calculator to determine the cost of an exotic wager that you wish to bet. Low margins. And. A tool to simplify the job and select. 5-1 or 3-2, as it would normally be written,. If the back bet wins on Sky Bet, you win £60 profit but lose £52. Stake not returned. ” Kelly MultiplierEven though the Pick 6 wager is often offered at a minimum of $1 per combination, it can get expensive quickly. In order to calculate the costs of laying a Trifecta wager, a punter must use the Trifecta calculator, either manually or by a computerized Trifecta calculator. Each type of Trifecta Bet is calculated a bit differently, which is why it’s important to know how much money you’re putting in based on the risks involved. Learn about win payoffs and calculations for Exacta, Trifecta,. 1. Here are the post positions, morning-line odds, jockeys, and trainers for the nine-horse field in the Santa Anita Derby, which will be contested on dirt at 1-1/8 miles. . To calculate the cost of an. 6 Essential Tactics to Make Real Profits from 2nd Place Refund. Think about it. The most conservative wager is the show wager where a horse can finish first, second or third giving you three chances to cash your ticket. Ability to save and export your wager calculations to PDF or Excel file to share with family and friends! Exacta. Enjoy faster, easier, more efficient online wagering options. This is a reduction made to the potential payout if one or more horses are withdrawn from a race after the bet has been placed. 50) and your total potential. 5). Post time is 5:45 p. However, if the lay bet wins, you win the £7. A horse racing bet calculator is a tool that helps you simply and quickly calculate your potential winnings based on the type of bet you want to make and the odds for each horse in the race. But the cost of a Pick 5 wager rapidly increases with every extra horse you include. $528. CURRENT BALANCE: Insert your current betting balance BOOKMAKER ODDS: The odds you want to back YOUR ESTIMATE (%): Your estimated probability of the selection winning FRACTIONAL KELLY BETTING (FKB): Choose between 0. EXACTA is the form of pari-mutuel wagering whereby you select in order the first and second place horses in races which offer exacta wagering. It can be used for sports betting, casino games, horse racing and other forms of gambling. Step 1: Enter your odds. For example, you could emphasize one horse over the others. 00, but many tracks now offer $1. 250% Casino Bonus. In these wagers, you place horse bet on the results or places of horses over one race. Find. 3 Select from 3 strategies. Although it won't tell you how much the horse will pay, it does show the amount of profit you will get if you win and the amount you have to bet to get it. EXACTA BOX. Paroli System. The Introduction to Dutch Betting using the Ratings Calculator Course gives you an introduction to betting using the Ratings Calculator computer software. When you consider that most races have a field of 8-10 horses, this can be. It's actually three bets. SUPERFECTA is the form of pari-mutuel wagering whereby you select in order the first, second, third and fourth place horses in races which offer superfecta wagering. The Fair Payoff for an Exacta equals the size of the bet, such as a $2 Exacta, multiplied by the (win horse's odds-to-1) multiplied by theThe Lucky 15 Bet Calculator allows you to calculate the stake, return and profit for Lucky 15s, permed from up to 20 selections if required,. Some of the more sophisticated apps will even calculate Rule 4 and Dead Heat reductions for you. Suppose you want to play more than two horses in an Omni/Swinger? There are a couple ways to proceed. 20. This bet improves your chances of winning because 1 or more horses can be chosen to finish in each position. Just enter your total stake and then enter the odds of your selections separated by commas and press the button. How to Bet. Welcome to Equibase. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet. Unfortunately, access to a livestock scale is limited to most horse. Of course, since you’re covering 2 outcomes, the boxed exacta will cost you double. Step Five—Picking the Winner. For box First four bets, you multiply the number of selections for 1st place, 2nd place (minus 1), 3rd place (minus 2) and fourth place (minus 3). Input the Odds. For example, if you bet $10 on a horse with 5-1 odds, the payout would be $10 x 5 + $10 = $60. USA Bettors accepted 🤑. That would be. You cash a win bet only if your horse finishes first. For example, if you were to take two horses in each leg of the Pick 6 your costs would be as follows: 2 * 2 * 2 * 2 * 2 * 2 * $1 per combination = $64. A bet calculator for calculating combinations from bet selections for horse racing, harness racing and greyhound racing. 4 for 24 combinations of horse number 4,1,7,5 for the Boxed 10-Cent Superfecta. Round this amount off to $1. To calculate odds: $85,000/$42,500 - $1 = $1. The horse racing payout calculator comes in various ways depending on the wager type placed on the horse or horses. The standard wagers are win, place and show bets. Fixed Parlay Payout vs. The Each Way Bet Calculator is an amazing tool which allows you to quickly and easily calculate your lay stakes for horse racing each way bets. . Betting Calculator. 2 times original $5 wager = $11. If your horse finishes first, second, or third, your show bet is a. 50, that means if you stake $100 you will win $350. Betting a large amount just because you can is not going to make you a winner. Daily Double plus another race; $1 unit makes it affordable. Enter your stake, bet type, odds (fractional or decimal), place terms (if applicable) and then hit the calculate button. Special 2nd Place Horse Betting Calculator To Produce Guaranteed Profit. The horse racing odds calculator is horse betting calculator with very specific functions embedded in it. You should define how much of your horse racing betting bankroll that you are willing to put in play each betting day. Then multiply the total lines X your stake to get the total bet amount. 25) Fractional Odds (1/4) Implied Probability (80%) Most betting sites offer each odds option. Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. 16 or more in handicap races. TwinSpires – $200 deposit match. 2 days ago · The moneyline allows you to bet without the spread, so it’s just a matter of picking the winner or loser. 1/4 for 4 places. ABC Wagering is a quick and efficient way for handicappers to maximize their opinion on multi-race wagers. Opt-in required. Calculates ticket cost for exotic wager and prints number of combinations. Thanks to our free each way bet calculator, you can work out total returns and profits on each way wagers for horse racing and other sports. Find out more! To calculate the chances, divide $85,000 by $42,500 and multiply by $1 to obtain $1. 1) Agate Road 49-1. Here is a basic Pick 4 ticket with one selection in each race: Race 4 – #2. This user-friendly tool helps you estimate your returns, optimize your betting strategies, and make. Example: You think the No. In boxing the exacta, the bettor may bet a minimum of two horses on a single ticket, giving the bettor every possible combination of the chosen horses to. It requires you to pick the first four finishers of a single race in exact order. This will convert them to the two other types of odds and give you the implied probability. When there are non-runners after final declarations and withdrawn horses have a price of 14/1 or shorter, then this comes into. FD Racing. You can calculate your own payouts by following this simple formula: (Wager * Odds) + Initial Wager Entry = PayoutExample: I've placed a $4 Win wager on a single horse, the odds on the horse are 3/1. Then, just for good measure, you can bet in a way that suits you. This wager menu states the minimum value of. A show bet in horse racing is one of the lowest-risk ways to make wagers in horse racing, making it a popular bet for newcomers. has entered a deal with FanDuel Racing to supply the platform with horse betting technology. At most horse racing venues this is $2 for a straight wager. Low margins. 3 rd = Horse 5. You can box four or more horses on a single ticket and wager $1 (or more) on each combination. Most race days have a total of 10 races to bet on a given day. Wager amounts start at $2 and $50; Emphasis Strategy: You can select to emphasis trainer, jockey and the horse's pedigree and Smart Pick will factor you suggested wager with. Leg 6: 1 selection. The online horse betting calculator can aid punters in calculating the stakes laid in wager, the. Pari-mutuel betting in horse racing is the total pool of money wagered on a particular type of bet that is then divided up among the winners after the track deducts its overhead costs and taxes. The round robin bet is a 3 selection wager consisting of 10 bets: 3 doubles, 1 treble and 3 up-and-down single stakes about pairs. Find out about the free bet calculator. The calculation method varies depending on what type of First four bet you place: boxed, standout, roving banker or normal. TwinSpires Horse Racing Betting Calculator. The Grey, for 2yos, had 4 horses in it (Matador is a Canadian-bred who is going in a Canadian-bred race so he was scratched) so that was a disappointing event. The lucky 15 is a 4 selection wager consisting of 15 bets: 4 singles, 6 doubles, 4 trebles and a four-fold accumulator. Start Over Choose the wager amount and wager type you wish to place. $1-$1000+ Quinella: Bet on two horses finishing 1st & 2nd in any order. You will get the payout for a certain number of legs from the parlay calculator. Here, we will walk you through the process step by step. Check. When a horse goes offstride. Many punters have moved on from regular win, place or show wager and are now already mastering several types of wager altogether. Find the latest bonus codes and promotions. A spread bet in football is normally offered at -110 on both sides of the bet. - £/€20 in Free Bets. Converting American odds into fractional odds is simpler. Extra Places at bookmakers’ discretion. ET. Call 1-800-Gambler. Treble bet returns calculator - Use this calculator to work out winnings for the more risky treble. At most race tracks, the minimum wager for a Pick-5 is $1. Enter the amount you want to bet, i. Here are the steps that you have to follow in order to use our Kelly Criterion Calculator: Add your current betting balance in the cell called “Current Betting Balance”. One main function is odds conversion, from fractional to decimal and the other way around. Learn more.