Odds Converter & Dutch Calculator
Dutch Book Betting Calculator
Dutch win betting or "dutching" is a gambling term to mean structuring your bets (on two or more betting interests)
in a manner that will realize an equal profit regardless of which one wins. Dutching is a powerful tool used to
cover several horses in the same race and guarantee the maximum possible return. Using the calculator provided
above all you need to do is type in the odds you expect to receive (example 5-1) in the odds converter and
it will automatically convert the track odds into a priceline number. Copy the priceline number into the calculator
and repeat this process for all of the horses that you are considering. Then determine the amount you wish to risk
and click the button marked calculate. The calculator will then determine the exact amount needed to risk on each
horse according to your desired risk to insure the same return no matter whom you choose to win. The advantage of
dutch betting is it takes the guesswork out of what to do when you like more than one horse in the same race.
The calculator allows two other options that can assist the horseplayer. If you want to win a set amount then use
the option marked "return". The calculator will display the different amounts needed to wager on each selection to
guarantee the return you desire. The third option allows the horseplayer to figure out how much to risk on each
horse to guarantee a desired profit no matter which one of his or her selections win.
So next time you visit your local racetrack give "dutch betting" a try. With practice you should find this
method easy to use and increase your chances of cashing in on the horses that you select. Good Luck to all.
Understanding odds and how to read them is fairly simple.
Please refer to "odds explanation"
for a detailed summery. To convert odds to a percentage is calculated in the following manner. All odds first
must be converted to one. Example: 9-2 is the same as 4.5-1, or 1-2 is the same as .5-1. Now add the two parts
together (4.5 + 1) = 5.5) and divide the total into 100 or 100/5.5 = 10.18%. Odds are just a way of stating
percentages. When you wager on a horse with odds of 9-2 (in the long run) it needs to win 18.18% of the time
for the horseplayer to break even. When you wager on a horse with odds of 1-2 (.5 + 1 = 1.5) 100/1.5 = 66.67%)
it would need to win 66.67% of the time to break even on this horse. If converting odds to percentages seems
like to much work, you can refer to this odds conversion chart or use the odds converter above.