Or, alternatively, are you looking to take a chance on a larger gamble with an accumulator? Thankfully, that is where online odds calculators come into their own. These handy tools can make a huge difference to your betting activity, providing you with a full overview of the options available and ultimately helping you to place the bet — or combination of bets — that works best for you.
In this article, we are going to take a closer look at the concept of odds calculators, how they tend to work, and the key benefits that they can offer in terms of boosting your betting balance. On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful.
Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make. This could be anything from a single to a Yankee to Super Heinz or an accumulator. The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article.
You will then repeat that process however many times is necessary — for example, if you have placed multiple bets — and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play. The latter offers compensation in the event that a horse withdraws from a race after a bet is placed.
After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful. Choose your each-way terms with the odds calculator — these vary based on the number of runners and the type of race.
As you may have already realised, such tools offer clear benefits to horse racing fans whether they are planning for future races or even checking what their final winnings will be after placing several bets. The ability to input information on a combination of bets is a particular benefit, as it ensures you do not get a headache while attempting to consider the potential outcomes of the bets you have made.
Most bookmakers add a bonus to certain bet types when a particular criterion is met, such as all winners , but there are often conditions attached. Some bookmakers will apply bonuses to bets containing selections involved in other sports, but they may restrict them to certain markets. Other conditions may also apply, such as minimum odds for each selection, or a minimum unit stake.
Since there are a number of conditions that dictate whether a particular bet qualifies for a bonus, the Include Bonus option makes it easier for you to include, or exclude, the bonus settings from your calculations. This can be done on a bet by bet basis, without needing to alter individual bonus settings, which are otherwise normally fixed for a particular bookmaker.
Simply click the button with the relevant selection number to display a panel containing the less frequently used Rule 4 , Dead Heat and Joint Favourite options. For example, if a selection has lost, then Win Odds is not relevant, so that option is removed from the form. Win Odds can be entered in either Fraction , Decimal or American format, in accordance with the current odds format that can be changed via the Settings.
Total - the number of participants finishing in the same position. In the event of a double dead heat you should enter 2, and in the unlikely event of a triple dead heat you should enter 3. Places - the number of places being offered by your bookmaker for the event in which your selection is taking part. Position - the finishing position for the dead heat. If the dead heat is for first then you should enter 1, if the dead heat is for second then you should enter 2, etc.
Total - the number of joint favourites, more accurately termed co-favourites if there are more than two. Winners - the number of favourites that won the race. This will normally be 1, since a value of 0 would indicate that your selection did not win. This value will only exceed 1 if joint favourites are involved in a dead heat for first place.
Note: These options are only relevant if you have backed the Unnamed Favourite to win, when more than one favourite has been declared. Free Bet Calculator Settings. Stake minimum: 0.
All of the work is done for you. On multiple bets, you will be able to see on your betting slip, the different potentials. Our simple betting odds calculator can quickly show the probability of the odds that you are looking at. Hit the Calculate button and you will see what that converts to in terms of probability.
Accumulator bets offer a lot of appeal as big winnings can be landed from a small stake. But building them can be tricky in trying to assess the odds that you are playing with. With our accumulator calculator , you can simplify the process.
Just plug in the number of selections that you are looking at for your bet and then put in the odds for each one and hit the Calculate button. Then you will be presented with your winnings. System bets, just by their very nature can be complicated things. They are sort of like a version of accumulators, but with coverage on them. A system bet, for example, is where you can make three selections and you need two of them to win.
So you play a 2 out of 3 system. If two of the teams win then you will get a return. If two lose you will end up with nothing because you have selected 2 out 3 to win to start with on the system bet. With our simple system bets calculator , you just select your system, put in your stake and odds and Compute away! Then you can select the different options to win or not to see the potential returns of different outcomes. So with the betting calculators , even if it is with the more complex types like a system bet calculator and accumulator bet calculator, you can find all of this stuff out pretty easily.
You can see exactly the expected outcomes of both regular and more complex bets so you will not have any more surprises when it is time to settle up with your bet slip. This can be a relief and may give you more confidence as you place your bets.
Sportingbet Review. Betvictor Review. Paddy Power Review. On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful. Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make.
This could be anything from a single to a Yankee to Super Heinz or an accumulator. The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article. You will then repeat that process however many times is necessary — for example, if you have placed multiple bets — and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play.
The latter offers compensation in the event that a horse withdraws from a race after a bet is placed. After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful. Choose your each-way terms with the odds calculator — these vary based on the number of runners and the type of race.
As you may have already realised, such tools offer clear benefits to horse racing fans whether they are planning for future races or even checking what their final winnings will be after placing several bets. The ability to input information on a combination of bets is a particular benefit, as it ensures you do not get a headache while attempting to consider the potential outcomes of the bets you have made. For a great number of horse racing fans, the use of fractions is the traditional way of viewing the odds for the runners and riders, but the use of decimals is something which has grown significantly across recent years, too.
The concept operates on the straightforward notion that you simply multiply a stake by the decimal shown and the outcome will be your total winnings. While the use of decimals may seem very simple in that respect, it is worth bearing in mind that the concept offers up one fundamental difference in comparison to the use of fractional odds. When it comes to decimal odds, your stake is always factored into the return that you calculate but this is not the case when following the fraction method.
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