What is a Bet Calculator?
How long is a piece of string?
We jest, but a bet calculator is, in essence, whatever you want it to be. We’ve combined our collective heads to create a vast suite of calculators covering all betting spectrum crevices.
To put it in the simplest terms, a bet calculator is primarily used by sports bettors to accurately forecast how much they can expect to make from a bet, should it be successful.
A bettor may want to do this for various reasons, but mainly it is used to ascertain whether or not a bet is worth placing. While it’s simple to calculate the returns of a single bet, it can be tricky to work out the winnings from doubles, trebles, accumulators and so on, so a calculator comes in handy for a bet of multiple legs.
In this guide, we will talk you through our extensive suite of betting calculators on hand whenever you need them to help you make the best betting decisions.
How to Use a Bet Calculator?
Each bet calculator is slightly different in its function, but we’ve designed them so that they are as intuitive as possible. All you need to do is plug a few figures into your respective calculator, and we’ll do the rest.
You usually need just a few key pieces of information in order to use one of our betting calculators. The main things you need are the odds of the selections you have in mind, along with the stake of your bet.
When using an accumulator returns calculator for a bet of four legs, for example, you would need the odds of each individual leg, such as 2/1, 5/4, 1/3 and 7/2, along with the amount you wish to place on the bet.
With this information, the calculator will convert the figures into an easily digestible forecast of exactly how much you can expect to make from the bet. This is the case across our range of calculators, with very little information required in order for us to work our magic.
What Bet Calculators Do We Provide?
We have a whopping 16 (yes, you read that right – SIXTEEN) bet calculators that you can get stuck into. Let’s take a look at each one:
Matched Betting Calculator
In order to “match” your back bet, you need to lay your selection on a betting exchange. The Matched Betting Calculator tells you exactly how much you need to stake on your lay bet in order to guarantee a profit. This calculator covers the qualifying bet that you need to place in order to unlock your free bet, as well as the process of extracting profit out of the free bet itself.
A surebet allows you to cover all possible outcomes of an event whilst also ensuring a profit. The Surebet Calculator tells you exactly what stakes you need to place on each possible result – whether that be for a 3-way win or a 2-way win – as well as an accurate calculation for the profit you stand to make.
If you are mulling over an accumulator at the weekend, simply place the odds of each leg, as well as your stake, into our Accumulator Calculator. We will then deliver the returns of the accumulator if all the legs win.
Asian Handicap Calculator
The Asian Handicap Calculator decodes the often-misunderstood Asian Handicap market. Just place the odds for the specific handicap line you’re looking to bet on, and we will display the potential profits and losses for all of the game’s outcomes.
Every bettor is different and likes odds to be presented in a specific way. Our Betting Odds Calculator converts odds from one format into its various counterparts. For example, 10/1 fractional odds are converted to 11 (decimal), 1000 (American) and 9.90 (implied probability).
Lay Bet Calculator
If you like to play the role of the bookie you will be more than familiar with lay betting on exchanges such as Smarkets and Betfair. Our Lay Bet Calculator gives you the lowdown on how much liability you need in your account to cover the potential loss of a lay bet, as well as displaying your potential profit if you win.v
Free Bet Calculator
Everyone loves a free bet, and with our Free Bet Calculator, we tell you exactly how much you can profit from your bonus, if your selection is a winner. This calculator covers free bets where the stake isn’t returned, as well as bets where the stake is included in the profit.
Hedge Betting Calculator
Our Hedge Betting Calculator makes it much easier for you to lock in profit from your bets by covering all possible outcomes as the event unfolds. Simply place your original odds and stake from the “back” half of your bet, along with the “lay” odds, and we will calculate the required liability and maximum profit you can make from the hedge bet.
This is similar to the matched betting calculator, except the role of the exchange is played by other bookmakers. Just place the odds for all possible outcomes of an event and we will tell you how much you need to place on each outcome to ensure equal profit across the board.
Kelly Criterion Calculator
Kelly Criterion is a sophisticated mathematical model that tells you exactly how much you should stake on specific value bets. Our Kelly Criterion Calculator does the hard work for you, with punters just needing to insert their betting balance, the bet’s odds and the probability percentage.
Lucky 15 Calculator
A Lucky 15 is a popular horse racing bet that covers four selections. From these four legs, you have individual bets: Four singles, six doubles, four trebles, and an accumulator. The Lucky 15 Calculator tells you exactly how much you can expect to return, based on the success or failure of each individual leg.
Lucky 31 Calculator
While a Lucky 15 covers four selections, a Lucky 31 covers five. This means there are more combinations of bets, but that’s no problem for our Lucky 31 Calculator, which delivers the potential winnings for all outcomes.
Like a Lucky 15, a Yankee covers four selections, but where it differs is it doesn’t cover the four-singles element of the Lucky 15. The Yankee Calculator gives you the potential returns from your six doubles, four trebles and one accumulator.
A Patent differs from its counterparts as it covers just three selections. Our Patent Calculator gives you the lowdown on what to expect from the bookies if your five singles, three doubles and single accumulator are all successful, as well as everything in between.
This multiple covers a pretty punchy 26 bets, so rather than try to keep track of that manually, why not use our Canadian Calculator to keep on top of your ten doubles, ten trebles, five four-folds and solitary accumulator.
The clue is in the name, but if you didn’t know, a Heinz is six selections that are covered over the course of – wait for it – 57 different bets. If you need a helping hand keeping track of 15 doubles, 20 trebles, 15 five-folds, six five-folds and an accumulator, then the Heinz Calculator should be right up your street.
What are the Benefits of Using a Bet Calculator?
While bankroll management is a particularly important element of sports betting, an often-forgotten facet of the art is time management. As the old saying goes, time is money, so if you are able to save time by having our tools do the work for you, then you’re in a position to place more bets over the course of a day, which should maximise your profits in the long term.
One final benefit is accuracy. The human brain is susceptible to mistakes, but our calculators certainly aren’t. All you need to do is plug in the relevant numbers and we will take care of the rest.
So, what are you waiting for? Get stuck into some of our betting calculators and see how much time and energy you can save.