Handicapping odds calculator/converter

Odds calculator form

There are three fields that can be filled.

1. Odds% OR Points
2. Odds$

Odds in a race must add to 100% to be effective. Use the form below to ensure all odds add up to 100%. Enter odds percent in the Odds % column. Odds and $2 Payout will be calculated automatically.

Using 100 percentage points and allocating to the various horses in the races is somewhat difficult and prone to causing the handicapper to think in terms of a horses "percent chance of winning" which is a common mistake. Alternatively, instead of using Odds%, you can enter “points” in the Points column. This is very handy method of calculating odds for all horses in a race. The points can be any weighting you want. The points will be distributed amongst all horses with a Points rating and odds calculated automatically. For instance, you could choose to begin with 100 points and allocate those 100 points to all horses in the race according to your handicapping results. The odds for each horse will be calculated automatically.

Finally, enter the morning line or realtime tote board odds in the Odds $ column. As race time approaches, adjust the Odds $ column as needed. The last columns in the odds calculator specify whether and overlay or underlay exist. Look for "Yes" in the Bet? column to find overlays with a 50% edge. Note that the closer you can get to race time the better - sometimes the big bets come in right at the last moment.

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