15 2 Odds Payout
Going About the Payout
The most important thing about horse racing betting is the payouts, for at the end of the day its not enough to pick the right horse, but also wager on the right horse, meaning that a punter realizes when a horse is short priced or shows a decent price as a favorite and places a wager on that horse in order to collect bigger payouts. Many punters use a horse racing payout calculator so that they can keep good track of their stakes and possible payouts. This use of a horse betting calculator has improved the way punters approach horse racing betting.
Horse Racing Payout Calculator
Since nowadays many punters wager on more than horse and more than one race, the need for a calculation process that would concentrate all the wager and output the costs and payout figures has risen dramatically and created the need for a horse racing calculator to that just that and calculate the payout. The horse racing payout calculator comes in various ways depending on the wager type placed on the horse or horses. In the case of straight wagers, the horse racing payout calculator simply takes the odds, presented in decimal or fraction, and uses it together with the stakes laid on the wager to calculate the payout. This horse racing payout calculator usually holds a fraction converter for converting odds. Another type of horse racing payout calculator is the exotic wager horse racing payout calculator. This one is a bit tricky since the exotic payouts such as Trifecta or Superfecta derive from a separate wagering pool so there isn’t a way to know or calculate the payout until the payout is due to happen once the races are over. However, an estimation on the pool sum can be made by the horse racing payout calculator in order to give the punter a slight clue on the payout.
Calculate Onwards
There is one approach in horse racing betting that has benefited from the development of today’s horse racing payout calculator and it’s referred to as let it ride. Let it ride means keep rolling the winning money onto other horse wagers in an attempt to strengthen the bankroll. This approach is very difficult to handle if not using a proper horse racing payout calculator. The horse racing payout calculator aids the punter with making decision by simplifying and clarifying all the possible scenarios in the let it ride scheme. The use of the horse racing payout calculator has contributed significantly to the variety of wager placing and different wager approaches by automating the calculation process thus making life a lot easier for the punters.
There are nine different ways to win Powerball prizes in every draw, based on how many numbers you match. You can win $4 just for matching the Powerball, while the jackpot is won by matching all five main numbers plus the Powerball. The top prize starts at $20 million (*During the Coronavirus pandemic, the starting jackpot may be lower than this) and increases every time it is not won.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out.
Your personal bet on the winning horse: $2. To get the odds: $85,000 / $42,500 – $1 = $1.00 or 1 to 1 odds. To get the payout per dollar (or decimal odds) $85,000 / $42,500 = $2.00; Your $2 bet will pay back a total of $4.00; You made a profit of $2.00 on a $2.00 bet. For easy math, we used round numbers. 15:1: Horn: 12 Craps: 12 on next roll: 30:1: Horn Bet (4-Way Horn) 2, 3, 11 or 12 on next roll: 27:4 on 2 or 12 12:4 on 3 or 11: C: Any Craps: 2, 3 or 12 on next roll: 7:1: E: Eleven (Yo) 11 on next roll: 15:1: C & E Split: 2, 3, 11 or 12 on next roll: 3:1 on 2, 3 or 12 7:1 on 11: Pass Odds: Point before 7, backup to Pass Line bet.
If there are multiple winners of the jackpot, it will be shared equally between them. The eight prizes below the jackpot are fixed amounts, so for these prizes there is a guaranteed payout regardless of how many winning players there are. Go to the Powerball Numbers page to see the latest prize payouts.
Payout Chart
The Powerball payout chart below shows how many numbers you need to match to win the different prizes and the odds of winning each. You can also see statistics about past winners in each division.
| Prize Level | Payout | Odds | Fewest Ever Winners | Highest Ever Winners | Average Winners Per Draw | Winners in Last Draw |
|---|---|---|---|---|---|---|
| Match 5 + PB | Jackpot | 1 in 292,201,338 | 0 | 4 | 0.1 | 0 |
| Match 5 | $1,000,000 | 1 in 1,688,054 | 0 | 89 | 2.5 | 0 |
| Match 4 + PB | $50,000 | 1 in 913,129 | 1 | 827 | 23.4 | 13 |
| Match 4 | $100 | 1 in 36,525 | 136 | 20,544 | 705.6 | 288 |
| Match 3 + PB | $100 | 1 in 14,494 | 329 | 47,685 | 1,377.6 | 799 |
| Match 3 | $7 | 1 in 580 | 9,160 | 1,164,124 | 39,859.1 | 19,559 |
| Match 2 + PB | $7 | 1 in 701 | 7,441 | 895,097 | 25,702.0 | 17,147 |
| Match 1 + PB | $4 | 1 in 92 | 60,368 | 6,343,237 | 180,689.5 | 133,753 |
| Match 0 + PB | $4 | 1 in 38 | 0 | 14,595,721 | 404,038.2 | 322,705 |
| The overall odds of winning a Powerball prize are approximately 1 in 24.9 | ||||||
Figures calculated using results drawn between April 22nd 1992 and March 6th 2021.
What Does 15/2 Odds Pay
For a small additional fee, you can opt to use the Power Play option which will increase the prize payout for any non-jackpot win by a multiple of 2, 3, 4 or 5 (or possibly 10 when the estimated jackpot is less than $150 million) depending on which Power Play number is drawn. Match 5 winnings are always doubled to $2 million with the Power Play option, no matter which Power Play number is drawn. This option is available in all participating states and jurisdictions except California, where prizes must be pari-mutuel according to state law.
Power Play Payout Chart
Here are the expected payouts for Power Play prizes:
| Prize Level | 2 | 3 | 4 | 5 | 10 |
|---|---|---|---|---|---|
| Match 5 + PB | Jackpot | Jackpot | Jackpot | Jackpot | Jackpot |
| Match 5 | $2 million | $2 million | $2 million | $2 million | $2 million |
| Match 4 + PB | $100,000 | $150,000 | $200,000 | $250,000 | $500,000 |
| Match 4 | $200 | $300 | $400 | $500 | $1,000 |
| Match 3 + PB | $200 | $300 | $400 | $500 | $1,000 |
| Match 3 | $14 | $21 | $28 | $35 | $70 |
| Match 2 + PB | $14 | $21 | $28 | $35 | $70 |
| Match 1 + PB | $8 | $12 | $16 | $20 | $40 |
| Match 0 + PB | $8 | $12 | $16 | $20 | $40 |
The following table shows the odds of each Power Play multiplier being randomly selected when the 10x multiplier is in play (jackpot worth $150 million or less):
| Power Play Multiplier | Odds |
|---|---|
| Match 10x | 1 in 43 |
| Match 5x | 1 in 21.5 |
| Match 4x | 1 in 14.33 |
| Match 3x | 1 in 3.31 |
| Match 2x | 1 in 1.79 |
15 2 Odds Payouts
The following table shows the odds of each Power Play multiplier being randomly selected when the 10x multiplier is not in play (jackpot worth more than $150 million):
| Power Play Multiplier | Odds |
|---|---|
| Match 5x | 1 in 21 |
| Match 4x | 1 in 14 |
| Match 3x | 1 in 3.23 |
| Match 2x | 1 in 1.75 |
What Do 15 2 Odds Mean
Don't forget to check how much tax you will pay on your powerball prizes