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With so many different sports and betting choices, the huge world of sports betting can take time to understand. One of the most time-saving tools available online is a bet calculator.
Bettors no longer have to frantically calculate prospective returns by looking for a pen and paper. Instead, they may take advantage of this tool designed to make things easy and increase their chances of winning. We look at bet calculator and how to use them to find what options suit you best.
What is a betting calculator?
A bet calculator is an online tool that bettors can quickly and easily use to calculate their prospective gains before placing their wagers. These calculators are used for calculating things like implied probability and outcomes of games.
Fundamentals of a Betting Calculator
To get the most out of a betting calculator, it helps to be familiar with the basic features and terminology shared by most calculators you’ll see online.
A bet calculator will need to know your bet type before it can do anything else. If you are new to sports betting, familiarize yourself with the typical terms used in the program, but in general, the language used is relatively straightforward and self-explanatory.
Win Bet
A win bet is the term for this type of wager. A “multiple bet” is when a bettor wagers on the outcome of more than one event.
Single, Double or Triple Bet
You can increase your potential payout in the event that all of your correctly anticipated outcomes occur across many events by placing single, double, or triple-win bets. If you wager on Liverpool to defeat Manchester United and Arsenal to defeat Spurs, you have placed a double bet. For a payout, you’ll need both outcomes to materialize as expected.
Accumulator Bet
Betting on four or more events at once is called an accumulator, or “accu” for short. Popular among football enthusiasts, these wagers see players attempting to correctly predict the outcomes of several games for the chance of a significant payout on a bit of investment.
After you’ve got the hang of things and know how to win bets function, you can go on to the next level and give the full cover bet a shot. In contrast, to win bets, full cover bets offer a payout possibility even if none of your specified events come to pass.
Using the Betting Calculator
Simply plug the numbers into the free bet calculator, which will promptly return your prospective return estimate. There are three major parts to the calculator.
To place a bet on Tottenham beating Brighton with odds of 2/1 on one of the various football betting sites, for instance, you would need to do the following:
- Put your desired wager amount in the stake field.
- You can pick between a fractional and a decimal format for the odds.
- Verify if the wager pays both ways.
- If this is a free bet bonus, please select the appropriate box.
- If you use a free bet, your winnings will be adjusted.
- Put in the odds that you’re taking.
- Select the outcome of your wager. Your stake, return, and profit will immediately reflect the change.
Final Thoughts
Betting Calculators have brought so much comfort to the betting world that you would be at a disadvantage if you don’t understand them. This is why we have written about how best to handle them.
