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What is a betting calculator
Sometimes called a bet type calculator or odds calculator a betting calculator in its most basic form is a calculator that calculates the money returned to a punter from a simple single bet. A more advanced betting calculator will also add options to select multiple different bet types, like lucky 15, Heinz and goliath bets. And the best bet calculators will have each way, rule 4 and dead heat options. And that’s what we offer here at sports betting calculator.
What our bet calculator offers
Our sports betting calculator offers you the ability to calculate all the popular bookie bet types. The calculator can be used as simply as entering the odds and pressing the calculate button. But if needed our betting calculator can be used for the most complicated of calculations.
If you want to add rule 4 calculations just select the correct deduction from the betting calculators drop down box. If you want to add place position calculations just select the correct place division from the betting calculators drop down box and same for dead heat calculations, select the correct number of dead heat competitors from the bet calculator drop down box.
What is an odds converter betting calculator
A calculator that converts odds from any of the major odds formats is a odds converter betting calculator. Our calculator allows you to convert odds from decimal, fractional and American odds. This type of bet calculator is used to help when using a bookie that doesn’t offer the odds format you are most comfortable using.
What is a bet stake betting calculator
A bet stake betting calculator is a calculator that works out the amount of money a punter should bet on a selection or group of selections. This could be for any type of bet, such as a Football betting accumulator or a horse betting lucky 15. There are several different types of bet stake betting calculators and here we offer a Dutching calculator, a back/lay calculator and a Kelly staking plan betting calculator.
Sports betting calculator is a site dedicated to offering all the best betting calculators. A bet type calculator with all the popular bookmakers bet types supported. A odds converter calculator , that allows you to convert odds into a range of the world’s most used formats, decimal, fractions, American, etc. A Dutching calculator to help you stake your bets evenly when betting on multiple selections in the same event. And a back / lay calculator for all you betting exchange punters.
As stated our bet type calculator offers you all the bet types you’ll find at the major bookies, accumulators, Lucky 15, 31, 63, Round robin, Heinz and Yankees to name a few. But on top of this it offers advanced feature such as each-way betting, Rule 4 for races with non runners and dead heat calculations. And just to cover all the bases, the bet calculator allows you to calculate a 99 selections accumulator.
Around the world bookmakers use several different formats when displaying their odds. The biggest bookies will give you the option to display their prices in a number of these formats, but this isn’t the case with all bookies. So to save you the time of learning the maths associated with working out all these odds type, have a look at our odds converter calculator.
Staking calculators are for those that gamble more frequently. We have a Back/Lay calculator a Dutching calculator and a Kelly staking system calculator. These allow you to calculate the exact amount to bet on your chosen selection(s).
Back/Lay calculators are used predominantly by users of betting exchanges. The purpose of the calculator is to work out the correct amount to Back a selection and then Lay it to guarantee a profit.
Dutching in gambling is a method used to back several selections in a sporting event by mathematically calculating the correct stake to bet so that if one of the chosen selections wins the money returned will be the same.
Kelly betting stake system was developed in 1956 by John Kelly. The system is designed to calculate the maximum growth of your betting bank roll over the long term by deriving the optimal stake on each bet.