What kind of offer is this for?

Race-specific refunds that pay your stake back as a bonus if your horse finishes in a set position, such as second or third. They are common on big race days.

Why lay the place market as well as the win?

The refund triggers when the horse places, so laying the exchange place market covers that outcome, while the win-market lay covers an outright win. Both are sized together.

What does the profit figure represent?

It is the minimum profit across the three outcomes — the horse wins, it places into the refund, or it loses — so it is what you lock in whatever happens, given your retention estimate.

Race refund calculator

Free

Lay the win and place markets for a race refund offer and lock in the bonus value.

Race refund calculator widget

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Some race offers refund your stake as a bonus if your horse finishes second or third. Back the horse at the bookmaker and lay it on both the exchange win and place markets, sized so the small qualifying loss is fixed and the refund's cash value is captured when it triggers. Enter the refund's max value and the share you expect to convert, and the calculator returns both lay stakes and the profit.

What it does

Separate lay stakes for the exchange win and place markets
Refund value from the max refund and your retention estimate
Profit taken as the worst of the three outcomes: win, refunded place, or loss
One tap to copy each lay stake
Runs entirely in your browser

How to use it

1Enter the back bet. Type the back stake and back odds for the horse.
2Add the exchange lays and refund. Enter the win and place lay odds and commissions, then the max refund and retention %.
3Read the lays. See both lay stakes and the locked-in profit, with one tap to copy each stake.

What powers this

This calculator runs entirely in your browser. There's no account, no API key and no feed, and nothing you type leaves the page. The maths is the same commodity matched-betting and value arithmetic used across the industry, implemented carefully and unit-tested.

Questions

What kind of offer is this for?: Race-specific refunds that pay your stake back as a bonus if your horse finishes in a set position, such as second or third. They are common on big race days.
Why lay the place market as well as the win?: The refund triggers when the horse places, so laying the exchange place market covers that outcome, while the win-market lay covers an outright win. Both are sized together.
What does the profit figure represent?: It is the minimum profit across the three outcomes — the horse wins, it places into the refund, or it loses — so it is what you lock in whatever happens, given your retention estimate.

18+ · Data product for licensed operators. Please gamble responsibly.

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