Bet Calculator

Work Out Your Sports Bet Returns

Sports betting is an art. The key to developing the winning formula is learning how to bet with your head and not your heart. You need to be able to grasp everything from the odds to the different types of bets, and there’s a lot of math involved. That’s why we’ve provided you with a free bet calculator, which helps you determine how good of a bet you’re actually making. 

You can use it to check odds, calculate a payout, and ultimately see how much money you stand to make from each wager. The app works on both desktop and mobile. You can also turn to our handy guide just beneath the calculator app to learn more about different bets and odds.

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Best Free Bet Bonus Codes

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How To Use Our Bet Calculator for Football Betting

Calculating your potential winnings on football takes just a few clicks. The first thing to consider is the method being used to display the odds: Decimal, Fractional, or American. Next, choose a bet type and check any additional conditions if you’re making an each-way bet, for example. The app will automatically refresh to reflect your choices.

Once you choose your bet type, it’s just a matter of entering the odds and whether each of your bets was a winner. Our free bet calculator allows you to enter your stake, choose whether it’s a total or a single bet, and then displays your totals. There are three important fields to keep an eye on: total outlay, total returns, and total profit. It goes without saying that your profits are the most important element and the one field that should always be in the plus.

Of course, the calculator isn’t limited to just football. You can use it to calculate your odds on pretty much any sporting event, including virtual sports and esports.

How To Use Our Bet Calculator for Race Betting

Working out the betting odds for horse/greyhound racing can be complicated. This is especially true if your wager spans multiple races. Luckily, you can use our calculator for all your racing bets. Regardless of whether you’re placing a single, double, treble, or accumulator bet, you’ll get quick and explicit calculations of all your odds and potential profits.

However, there are few things to keep in mind when calculating racing odds and payouts. For example, bookmakers use Rule 4 or Rule 4(c) to protect themselves in the event of non-runners after the final lineup for the race is announced. The rule refers to deductions on payouts if a runner is withdrawn. In order to ensure that all your calculations are accurate, we’ve included the rule in our betting calculator. You can also select dead heat in case the race is declared a tie.

Types of Bets

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Having a good understanding of different betting types will help you make better use of our calculator. A lot of rookie punters get overwhelmed with the long list of options since sports betting isn’t as simple as it used to. That’s why we’ve decided to offer an explanation of the most popular bets.

The types of bets can be roughly divided into two categories: simple and complex bets. Punters will often rely on a sports bet calculator to get a quick forecast of their winnings when making simple bets. These are straightforward wagers where you’ll need to pick a winner for each of the matchups to guarantee a return. It doesn’t matter if you’re placing football bets or wagering on esports, basketball, or golf.

Meanwhile, the more complex bets combine multiple options, and you don’t need a win for all of them to score a payout. Instead, each option has a specific requirement for winning. Since these bets are more complicated, it’s handy to have a bet calculator app that you can use to figure out how much you should wager and what your potential payout is.

Single

This is arguably the most common and simplest type of bet. You simply pick one winner in a single event, and if your selection is right, you’ll get a return on your wager. That’s all you need to know in order to use a single bet calculator. Sometimes, betting sites offer a sort of reverse single bet where you pick the team or players that won’t win. This usually involves smaller odds and lower payouts.

Double

A double bet is what you get when you combine two single bets. You bet on outcomes in two separate events, and if you guess right, you’ll make a profit. The odds on doubles are higher, with bigger payouts.

Treble

Treble adds another single bet to the doubles. You can use bet calculators to help you figure out your return after you place a bet on three outcomes in different events. Just like with the aforementioned options, all three bets must win for you to make a profit.

Accumulator

An accumulator bet, or acca bet, consists of four or more selections in a single bet. There’s no upper limit by definition, but some betting sites may prevent you from combining multiple sports into an accumulator. Just like with treble and double bets, all of your selections need to be correct for the accumulator bet to win. These types of bets are often promoted through special welcome bonuses at betting sites. Be sure to use our odds checker to find out whether individual acca bets are worth your while.

Trixie

Trixie is slightly more complex, involving four bets and three selections. A Trixie bet consists of three doubles and one treble. At least two selections need to win for any kind of return, and there are four stakes per bet.

Patent

The patent bet involves three selections and seven bets in total. When making a patent bet, you’ll choose three singles, three doubles, and one treble. It’s basically an extension of the Trixie bet where you can still win the bet if one selection loses. Of course, you can use our free online bet calculator for this type of bet as well.

Yankee

A Yankee bet consists of six doubles, four trebles, and a four-fold accumulator. That’s 11 bets in total. This bet is unique in that you only need two of your six selections to win in order to receive a payout. Naturally, the more bets you win, the higher the return.

Canadian

If you want to go even bigger than Yankee, choose the 26-leg Canadian, also known as Super Yankee. The bet consists of ten doubles, ten trebles, five four-fold accumulators, and a single five-fold accumulator. This means there are plenty of numbers to put into an online bet calculator. Two out of the five selections need to win for this bet to deliver a return.

Types of Odds

If you want to go even bigger than Yankee, choose the 26-leg Canadian, also known as Super Yankee. The bet consists of ten doubles, ten trebles, five four-fold accumulators, and a single five-fold accumulator. This means there are plenty of numbers to put into an online bet calculator. Two out of the five selections need to win for this bet to deliver a return.

Fractional Odds

Fractional odds are most commonly used in the UK and Ireland. This method gives players the profit in proportion to the stake and is supported by our odds calculator. A fractional listing can be announced as 3/1 or 3-1, which indicates that the odds are 3-to-1, meaning you stand to win £3 against every £1 wagered. 

These odds are simple to calculate and are considered a great option when trying to determine the match favourites. Of course, the larger the fraction, the higher the payout. That also indicates the odds of winning are smaller, which you can see with the bets calculator when you calculate payouts.

Decimal Odds

Decimal odds are popular throughout Europe, Canada, New Zealand, and Australia. These are also referred to as European odds, continental odds, and digital odds. They’re very easy to understand, especially when you’re trying to identify the underdogs or compare multiple bets. 

The odds represent the amount you win for every £1 wagered. Unlike fractional odds, decimal odds display the total payout rather than the profit. The bet winnings calculator will determine your potential return by multiplying the stake with the decimal odd number. If you bet £10 on a match with 2.16 odds and win, your total payout will be £21.6, with the original stake included. Your profit, in this case, is £11.6. 

American Odds

American, or moneyline odds, always use a baseline value of $100. These moneyline bets are especially popular among bookmakers in the United States and are a default option for many wagers on the NFL, NBA, and even election outcomes. The odds for favourites are preceded by a minus (-) sign and indicate the amount you need to bet to win $100. This will be displayed in the appropriate section of the betting payout calculator.

On the other hand, if you’re placing bets on the underdog, the odds are accompanied by a (+) sign and indicate the amount you’ll win for every $100 you bet. You can only pick an outright winner in each event. That being said, these odds are tied to point spreads. So, if a game has a big point spread, the moneyline will be significantly higher. This is also reflected when you enter the numbers into the sports betting calculator.

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Racing Bets

Wondering how to bet on horses and greyhounds? Racetracks are incredibly exciting betting opportunities with non-stop action, but there’s specific lingo you’ll need to familiarize yourself with before you can start placing complex bets. There are specific rules and odds calculations, not to mention the buttons on a racing bet calculator.

Each Way Odds

An eachway bet consists of two separate bets: a win bet and a place bet. Therefore, bookmakers will offer two different sets of odds, one for the place part and another for the win. Of course, the win odds are much higher. 

While this kind of betting improves your odds, it’s more expensive, and the winnings for placing are just a fraction of the bigger prize. Since this is a two-part bet, you’ll need to pay twice the amount that you would normally stake. You’ll also notice that in the horse bet calculator, an eachway bet can be combined with every other type of bet with the total updated accordingly. The flexibility of an eachway bet is determined by the bookmaker as well as the number of participants in a race. Usually, if there are fewer than five runners, you won’t be able to place this kind of bet.

Rule 4 Rules

A lot of rookie punters found themselves in situations when they won a bet on horse racing, but their winnings were smaller than anticipated. What happened exactly? The answer is Rule 4 – another important part of the horse racing bet calculator. It’s mostly tied to horse/greyhound races but can also be applied to any other market with a set number of participants.

The rule refers to bookmakers reducing payouts if a runner is withdrawn. It’s applied only after the final lineup is announced and before the race officially starts. If one or more runners drop out of the race at that point, this rule comes into effect, and the bookmaker will adjust the payouts depending on the set odds for the racers that dropped out. As such, the impact that Rule 4 can have on the final payout isn’t always the same.

That’s why you’re better off using a bet odds calculator. The better the runner was ranked, the bigger the impact on the payouts. If the runner wasn’t a favourite and had very low odds of winning, the payouts may not suffer any deductions. The maximum reduction possible is 90% or £0.90, but some betting sites are known to keep the payouts unchanged if the reduction equals £0.05 or lower.

Dead Heat Rules

A dead heat is a very rare occurrence in the racing world. But it can still happen, which is why we’ve decided to include it in our online betting calculator. You also need to know how it can impact your winnings.

In layman’s terms, a dead heat means that there’s no way to make a distinction between the performance of two or more racers at the finish line. In some cases, an image of the contestants crossing the finish line is examined to try and determine the winner, also known as a photo finish. If a winner cannot be determined, the competitors are awarded a joint ranking, and the race is declared a tie. That’s when the dead heat section on our horse racing calculator will come in handy.

While all of these racers are considered a winner, in horse betting that doesn’t mean the payout stays the same. Even if you bet on the winner, the stake is divided in accordance with the number of participants that were given first place. In case of a two-way tie, your £10 bet would become a £5 bet, and the payout is calculated based on the racer’s odds. Similar rules apply to three-way and four-way ties. This is further complicated in the event of an eachway bet. We recommend that bettors enable the eachway bet option in the calculator before applying dead heat rules.

FAQ

How do I calculate my bet value?

For this, you’ll need to know both the probability and the market odds for your bet. Probability, which represents the likelihood of an outcome happening, is a bit trickier to calculate, especially when betting on sports. For example, the probability of 50/50 means there’s an equal chance of both teams winning the match. Once you know the probability and check the odds at your bookmaker, you can use the following equation:

Value = (Probability * Odds) – 1

You want the final result to be more than 0 to make a profit on that bet.

What is the easiest bet to win?

Not even the best bet calculator can find a sure bet. That said, there are certain bets in football that are considered easier to win than the rest. One of those is over/under, a simple bet where you usually have to predict the combined score of both teams and wager whether the actual number will be higher or lower. Double chance is another easy bet, as it lets you bet on several possible outcomes in the same match. You can check the odds by using our instant bet calculator.

What do odds of +200 mean?

Odds with a +/- sign are referred to as American odds and indicate whether the match participant is the favourite or an underdog, as well as how big the possible payout is. Specifically, +200 odds means that the team is an underdog and that you’ll win $200 for every $100 you stake on them winning the match.

Are higher odds better?

This depends entirely on the context. High odds usually imply that the odds are stacked against a specific team or racer. In this case, high odds in the sports betting odds calculator means there’s a low chance of that team winning the match, but the payout will be higher. On the other hand, a team can have high odds of winning, which is referred to as “low stakes” and generally involves smaller payouts.

How do you successfully bet on sports?

There’s no surefire way to win a sports bet or maximize your profits. Every punter has a different strategy and employs different tactics depending on the level of risk involved. We strongly suggest using our bet calculator to check every bet and all the odds before you put any money on the line.