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How do bets get settled?

The easiest method of working out what a bet will return is by using the 'Bet Calculator' available on the desktop homepage however, if you are unsure of the maths of how a bet is settled, the following information may be of assistance:

'Money to Money' Settling

The quickest and most accurate method of settling a bet is, where possible, to make the stake fit the price.

Example Using the price of 4/7:
1a) £7 @ 4/7 wins £4  TOTAL RETURNS = £11
     (winnings + stake)
1b) 21 @ 4/7 wins £12  TOTAL RETUNS = £33
(3 lots of 7 in 21, thus 3x4)

Example Using the price of 5/2:
1a) £20 @ 5/2 wins £50  TOTAL RETURNS = £70
2b) £6 @ 5/2 wins £15  TOTAL RETURNS = £21
(3 lots of 2 in 6, thus 3x5)

Calculator Settling - Win Bets

There are 3 possible methods on how to settle a Win bet using a calculator. They are:

Method 1:
Numerator (top number) plus the denominator (bottom number), divide by the denominator then multiply by the stake.
Example: £3 @ 5/2 5 + 2 = 7 7 / 2 = 3.5  3.5 x 3 = 10.50

Method 2:
Divide the numerator by the denominator, multiply by the stake and then add the stake.
Example: £3 @ 5/2 5 / 2 = 2.50 2.50 x 3 = 7.50      7.50 + 3 = 10.50

Method 3:
Divide the numerator by the denominator, add 1 and multiply by the stake.
Example: £3 @ 5/2 5 / 2 = 2.50 2.50 + 1 = 3.50  3.50 x 3 = 10.50

Calculator Settling - Each Way Bets

To work out the returns on an Each Way bet, you need to work out the win and place parts separately, then add them together at the end.

Example:  £50 Each Way @ 7/2, one fifth odds

Win Part: -  £50 @ 7/2
You work this out using your preferred method from above i.e. method 1:
Numerator + Denominator / Denominator x stake = 7+2 / 2 x 50 = £225.00

Place Part: -  £50 @ 7/2 fifth of the odds
To work out the place odds, multiply the denominator by the place terms, i.e. 2 x 5 = 10. This means that your place price is now 7/10.
You then settle in the same manner as before.

7+10 x 50 / 10 = £85.00  

Total Return:- Add the 2 amounts together. £225.00 + £85.00 = £310.00

Calculator Settling - Multiple Bets

When settling this type of bet, the winnings from the first selection go on to the second. Effectively the winnings from the first part form a new stake for the second selection, and so on based on how many selections you have in your bet.

Example
£10 Dbl  Horse A @ 2/1
              Horse B @ 2/1

The winnings for horse A would be £30, which forms the new stake for horse B. £30 at 2/1 would pay a total return of £90.

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