If you’re a sports bettor, you need a bet calculator.
These days, there’s a bet calculator for almost every type of betting function, allowing punters to calculate potential returns, compare odds and payouts, and plan bets more carefully.
Using them to your advantage is a must, particularly in an age where punters need all the help they can get to gain an edge over bookmakers.
📟 What is a Bet Calculator?
A standard bet calculator is an online tool you can use to instantly determine the returns, payout, and profit for a wager before you actually place it, whether it’s on an upcoming Premier League clash or Champions League tie.
There are plenty of bet calculators for free on the OddsPlays website, including a standard bet calculator, accumulator calculator, hedging calculator, teaser calculator, and more.
Most of the time, you’ll want to use the standard calculator so that you can figure out the right amount of money to stake on a game and the profit you’d get in return, but you can also use the other types of calculators when you need them.
Accumulator Calculator
An accumulator calculator is now more important than ever considering almost every football fan is obsessed with placing “accas”. The slight problem with accas is that they often involve a lot of different legs, with some punters even building 7+ leg accas, so these calculators always come in handy. For example, if you’re planning to build a 5-leg Premier League acca before the season ends, you’d open the calculator, select ‘fivefold’, choose your preferred odds format, enter your selections with their odds, pick your stake amount, and then determine the outcome. It’s highly recommended you do this before placing any acca, as it will help you uncover the returns and whether your acca is actually realistic or not.
Arbitrage Calculator
Often known as “sure betting”, arbitrage betting is a risk-free type of betting where you bet on all possible outcomes across different sportsbooks to guarantee a profit. It’s a difficult type of betting market due to how quickly bookmaker odds can move, but plenty of punters use it as a way to get profit when they can. So, what arbitrage calculators do is let you enter the odds of two (or more) different bets to determine the amount of money you should stake on each to guarantee a profit. Without a calculator or arbitrage betting software, it’s near impossible to do it by yourself.
Each-Way Calculator
In each-way betting, you’re essentially placing two bets at the same time: one bet for a specific selection to win, and the other to ‘place’ and finish in one of the top positions. The reason why this type of bet is popular, particularly in horse racing, is because punters use it as a way to wager on a high-odds outsider while still using one of the favourites as a safety net in the place position. With an each-way calculator, you can instantly split your stake into the win and place parts to see what the potential profit would be.
Free Bet Calculator
Ever got a free bet and don’t know how to use it? You can use a free bet calculator to figure it out. Naturally, free bet calculators are used to let you know the profit you’d make from a free bookmaker bet, where your stake usually isn’t returned. The math is adjusted slightly to only include your winnings and not the original stake, making it especially useful for matched betting and bonus evaluation.
Odds Converter Calculator
If you’re ever using a bookie that has odds you don’t understand, such as decimal odds, you can grab an odds converter calculator really quickly and convert those odds to ones you understand. For example, you might convert decimal odds to fractional odds. It only takes a few seconds and can save you valuable time, such as during live football games when you need instant odds conversions before they change.
Some Bet Calculators Are Even All-in-One
With hundreds of bet calculators currently available on the market, some are even “all-in-one”, meaning they crunch every type of bet and odds function into one tool. For example, you can switch between an arbitrage calculator and odds converter through a simple click rather than having to have countless different calculators open. It’s a more convenient way of going about betting calculations, most notably if you’re placing all kinds of different bets rather than focusing on a single market.
Verdict
If you’re struggling with your sports bets recently and keep getting overwhelmed by complicated odds and everything in between, it’s highly advised you start using a bet calculator.
Not only will it eliminate the confusion caused by converting odds or putting together solid each-way bets, but it will also save you lots of time.
Fortunately, most bet calculators are also free to use, so you can access them whenever you’re building an acca or need help with a certain bet calculation or decision.