Here’s how the calculator works…

1. Enter your Stake (Example 5.00 don’t use $ or £ symbols), then enter the back odds and the lay odds.
2. Choose whether you have already Backed and now wish to Lay or already Layed and now wish to Back.
3. Click on and move the grey slider pointer along the line where you see 20%, 30%, 40% etc.
4. The output shows the amount you need to stake to either cover your Liability, or your Liability and all of your potential profits.

1. Read the race card, look down the list of horses, and choose what you think is the best bet in the field.
2. Write down your stake Write the amount of money you wish to bet.
3. Write the name of your horse under the stake.
4. Write down when and where your horse is running.
5. At the bottom of the betting slip, enter the total amount of your bets on the slip. Take your completed slip to the cashier.

Remember that bookmakers want your money, so if you need help filling in a slip then always ask at the counter. Generally the counter staff at high street bookmakers are very keen to help. You can also view a correctly filled in betting slip for a simple ‘Win’ bet by click on the small thumbnail in this paragraph. If you want to make an ‘each way’ bet then check out our guide to eachway betting ~ click here.

It’s also worth noting that if your horse doesn’t win but is placed (usually 2nd, 3rd) you will only get 1/4 or 1/5 of the quoted odds. Which means you shouldn’t back a horse each way unless it’s odds are over 5-1, because you could never win enough to cover your original stake at odds of 5-1 or shorter.

You can back ‘Each Way’ with all online bookmakers, if you want to know how to fill in a betting slip for an each way bet you can click the small thumbnail in this paragraph. It shows you the correct way to fill in the bookmakers slip for each way betting.

Remember that an each way bet is actually made up of two bets, so if you bet £5 each way, your total bet cost will be £10 (£5 on the win and £5 on the place)