Average Odds Calculator
Calculate the average odds from multiple trades on the same selection
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What is Average Odds?
When you take multiple positions on the same selection at different odds (for example, scaling into the same market at different times), your average odds represent the weighted average entry price you've achieved across all your positions.
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 trading scenarios.
When to Use:
- •Scaling Positions: Adding to a winning position at different prices
- •Pre-Event Trading: Entering the same market multiple times as odds drift
- •Position Tracking: Understanding your combined position across multiple entries
- •Fair Odds: Tracking if you're still getting fair odds after multiple entries
How It Works
When you place multiple trades 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 trade £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.