Our article on the bet calculator will explain how the bet calculator works. You will learn how to calculate the odds and various types of bets. So, let’s begin.
Bet Calculator Explained
With sports betting becoming more popular than ever, online bookmakers do their best to provide players with various features and tools that help them easily place their bets. One of the top tools you can benefit from is the bet calculator.
As the name implies, the bet calculator enables you to calculate the potential earnings after entering the stake amount, bet type, and the selected odds. Indeed, you can calculate various types of bets, including a value bet, an Asian handicap bet, an accumulator bet, etc.
The following parts of our review tell you in greater detail how to use the bet calculator to calculate the potential winnings of various bets. So, take a look below.
Odds Calculator
Odds/Probability Calculator
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Odds
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Odds
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When betting online on sports, there is nothing more important than acquiring knowledge about the odds and the probability of winning a bet. This part of our bet calculator review provides essential information on calculating the odds.
The first thing you need to remember is that the odds and the probability are related, but they are not the same thing. The probability indicates the likelihood of something happening.
On the contrary, the betting odds represent the ratio of favourable and wanted outcomes to unwanted results.
Furthermore, there are three odds formats most bookmakers offer. These include Decimal, Fractional, and American odds.
However, you can come upon various odds calculators online. Generally, the odds calculator will convert the odds of winning a particular match into a percentage of the probability of both winning and losing.
System Bets Calculator
System Bets Calculator
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System bets in sports betting allow you to place multiple bets, making it possible to win even though you lose one or more of your bets. To calculate system bets, you can use a bet calculator, and there are many online bet calculators.
To do so, you first need to choose a system and enter the desired total stake. Then, you will need to select the odds for each bet selection.
You can see that the bet calculator lets you tick the check marks beside the entered odds, to test what will happen if some of your bets go wrong. The last thing you need to do is to hit the Calculate button and see the Calculation Results page.
Accumulator Calculator
Accumulator Calculator
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Placing an accumulator bet is super easy. As the name suggests, you can add at least four selections to your betslip and place a multiple bet.
The accumulator bet calculator shows how much a player can win from their accumulator bet.
To calculate the potential winnings or what you have won from your accumulator bet, you will need to enter the bet type, the number of bet selections, and the preferred odds format.
In addition, you will also need to enter the stake amount, finishing positions, and rule 4 deductions. Once you enter the details, the bet calculator will calculate your potential returns and the total profit.
Yankee Bet Calculator
Yankee Calculator
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As you already know, a Yankee bet consists of eleven bets on four selections of different bets.
It includes six doubles, four trebles, and one four-fold accumulator bet. However, your bet wins if two of your selections or more win.
To calculate a Yankee bet, you are required to enter the bet type, odds, and stake amount.
In addition, you can select the stake type, whether you want it to be the stake amount per bet or the total combined stake. The Yankee bet calculator will give you the total profit and returns results.
Lucky 15 Calculator
Lucky15 Calculator
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A lucky 15 bet includes four bet selections for different sports events. The combined bets produce 15 bets, consisting of four singles, six doubles, and one four-fold bet for each selection.
If you want to know how to use the bet calculator to calculate the potential winnings for a lucky 15 bet, you are in the right place. Our team brings the most accurate details regarding calculating a lucky 15 bet.
So, to calculate your bet, the bet calculator consists of three sections. In the first section, you must enter the unit stake, and the number of bet selections and choose whether it is each way or not.
Then, you have to determine whether a bonus is applied or not. Then, the last step is to select the odds and enter the bet type for each selection.
Once you hit the Calculate Bet button, you will get the calculated total return and the total profit.
Trixie Bet Calculator
Trixie Calculator
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To win a Trixie bet, at least two of your selections must win. This bet includes three selections in three different sports events.
Each selection consists of four bets; three doubles and one treble bet.
Furthermore, the Trixie bet calculator will calculate your bet’s total returns and profit. This will happen after you enter all the details, including the odds, bet type, stake amount, Rule 4, and the each-way bet selection.
Patent Calculator
Patent Calculator
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Generally, a Patent bet is a three-selection bet that includes seven bets. Each bet consists of three singles, three doubles, and one treble bet.
However, your bet wins if at least one or more selections are successful.
The Patent bet calculator lets you calculate patents’ total stake, return, and profit.
Indeed, the bet calculator supports Rule 4, Each Way, and Dead Heats. As with all bets, you must enter the stake amount, bet type, odds, etc.
FAQs
If you have any questions after reading our review above, feel free to read the FAQs below.
Calculating the odds is super easy. There are many free online odds calculators to utilise. The odds calculator will convert the odds of winning a particular match into a percentage of the probability of both winning and losing.
The best way to calculate the betting odds is by converting them to probability. This means dividing the chances of winning by the total number of available opportunities. For more information on calculating the odds, please read our review above.
To read the odds, you must first understand them. The odds come in three different formats: American, Fractional, and Decimal. They generally come with (+) or (-) signs. The + signifies the team that is not expected to win the match. On the other hand, the – indicates and signifies the favourites.