Average Odds Calculator
Calculate the average odds from multiple bets on the same selection
Bets
Results
Add valid bets to see results
What is Average Odds?
When you place multiple bets on the same selection at different odds (for example, backing the same horse at different times), your average odds represent the weighted average price you've achieved across all your bets.
This calculator helps you track your true position by showing your average odds, total stake, and potential return if your selection wins.
Why Track Average Odds?
Know Your True Position
Understand your actual average price across multiple entries
Better Decision Making
Decide if you should add more to your position or cash out
Track Trading Positions
Essential for traders who scale in and out of positions
Accurate P&L
Calculate your exact profit or loss if the selection wins
Common Use Cases
Average odds calculations are essential in several betting and trading scenarios.
When to Use:
- •Scaling Positions: Adding to a winning position at different prices
- •Pre-Race Trading: Backing a horse multiple times as odds drift
- •Accumulator Tracking: Understanding your combined position across multiple bets
- •Value Betting: Tracking if you're still getting value after multiple entries
How It Works
When you place multiple bets on the same selection at different odds, this calculator shows your average odds and total potential return. Useful for tracking accumulator positions or multiple entries.
Example
If you bet £50 at 2.0 and £30 at 3.0, your average odds are 2.375 and total return would be £190 if the selection wins.