Betting calculator
As exciting as the world of sports betting can be, newbies can still find it quite hard to understand how to calculate their winnings.
This is why most punters rely on the free bet calculator to workout their values and rates when they place their bets. Here, we'll share with you everything you need to know about a free bet calculator.
H2 - What is a bet calculator?
A bet calculator is a tool that helps punters to know their potential winnings or losses once their selected multiple bets or outcomes are successful on their preferred bookmaker.
Apart from helping to workout your sports bet, a betting odd calculator also helps to lower the risk when wagering.
There are several types of bet calculators online today that can easily calculate your bet for you.
H3 -Bet Calculator Description
A free bet calculator will go a long way in helping you to work out your sports bet. This system will help you to compare various of several bet types and how they can impact your total payout before placing the bet.
H2 - How are betting odds calculated
Let's use the Chile Primera Division match between Deportes Iquique and Palestino on 29/04/2024. A popular bookmaker gave Deportes Iquique odds of 2.47, a draw of 3.35 odds, and Palestino was given 2.72 odds. We placed a single bet on Palestino to win with a stake of £100.
We made use of our online bet calculator to work out the total profit of the sports event selected. Here is the result we obtained: The potential return of our bet calculated is £272 if Palestino wins.
H2 - How to use a bet calculator
You can use the simple guide on how to use a bet calculator below:
- Select a bet type
- Enter the amount that you intend to wager
- Choose an odds format (fractional or decimal)
- Choose your preferred option in the Each Way bet and Rule 4 fields
- Choose your outcome (winner, dead heat, placed, odds converter, lost, or void)
- Add the odds for each of the events that you selected
Next, you will be able to calculate and see your expected bet returns.
H2 - Bet Calculator - All Types
Accumulator
An accumulator bet is also known as a parlay or Acca bet. It is made up of four selections or more. Note that it must not exceed the T's and C's of the betting site that you are gambling on. In other words, you can combine the bets to calculate your expected profit
Yankee
Yankee bet consists of one four-fold, four trebles, and six doubles. This totals up to eleven separate bets.
Round Robin
The round robin bet type of three Single Stake About (SSA )pairs (6), three trebles, and one double on a total of 10 bets.
Heinz
Heinz has six selections wager that consists of one six-fold accumulator, six five-folds, 15 four-folds, 15 doubles, and 20 trebles. In all, it is made up of 57 bets.
Flag
This bet is made up of four selections that total up to 23 bets. It includes one four-fold, four trebles, six doubles, and twelve Single Stakes About (SSA) up and down.
Treble
A treble bet is made of three selections. Any punter who chooses this bet is expected to win the entire bet before he can make a profit.
Lucky 15
Just as its name implies, the Lucky 15 bet is a four selection type with 15 bets. It has one four-fold accumulator, four trebles, six doubles, and four singles.
