πŸ‡ Horse Racing Tools

How to Use These Two Calculators (Step by Step)

These tools help you figure out if a bet offers good value β€” that is, whether the odds are better than the true chance of winning. Here's how to use them together:

  1. Step 1: Look at the odds from your bookmaker (e.g. 3.0 or 2/1). Enter them into the Probability Calculator on the left.
  2. Step 2: The calculator will show the implied probability β€” what chance the bookie thinks the horse has.
  3. Step 3: Ask yourself: do I think the horse has a better chance than that? Use your own judgement based on the form, ground, pace, trainer, etc.
  4. Step 4: Enter your own estimated win chance into the Value Bet Calculator on the right, along with the same odds.
  5. Step 5: The tool will tell you if your view creates a value bet β€” meaning you're getting better odds than you should.

🧠 Example: Odds of 3.0 mean a 33.3% chance. If you believe the horse has a 40% chance, then your edge is +6.7% β€” that’s a value bet.

Probability Calculator

Convert bookmaker odds into implied probability.

Value Bet Calculator

Check if a bet has positive expected value based on your probability estimate.

Read: Value Betting Explained (Article)

See also

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