Betting Calculator
When it comes to betting, you must always be one step ahead to be successful. Here at Freebets.com, we supply you with our free betting calculator, affording you the opportunity to calculate your estimated returns and methods of hedging your bets further down the line.
Naturally, you’ll need your own discipline when betting, but the chance to work out your own potential profit will come in very handy. Our free tips will undoubtedly come in advantageous when it comes to making money.
At Freebets.com we’ve developed our very own betting calculator. Simply read the instructions below and get started on building your own big wins…
How To Use The Betting Calculator:
- Choose the odds format, Fraction or Decimal
- Enter the details for the first selection, Odds, Result and where applicable Each Way, Dead Heat and Rule 4
- To add more selections, click the Add Selection button
- To remove a selection, click X
- Choose a bet type from the drop down list and click, enter the Unit Stake and where applicable indicate Each Way and enter the Bonus to be applied to the bet.
- To add more types for the same selections, click Add Bet
- To remove a bet, click X
- To calculate returns click Calculate
- To start again, click Clear
Watch The Betting Calculator Tutorial
Why use a betting calculator?
Using a betting calculator is for the serious bettor. It’s not a tool to be used for your yearly bet on the Grand National, nor is it the sort of place if you simply fancy backing the next James Bond.
If you’re serious about taking advantage of a betting calculator, then you could make some big money, as long as your predictions are right of course!
In an industry where billions are turned over, sportsbooks only need a small profit margin to show a healthy profit. Punters seem to forget this and they too are capable, in the right circumstances, of converting small percentage points into profits. What’s more, you, the punter, are not forced to place bets whereas online bookmakers are duty bound to accept bets on all major events.
Placing too many bets is one obvious mistake punters make but the primary reason gamblers show the net losses they do at the year’s end is by not taking the best possible prices they can about their selections and the bets they place on them.
A quick question, what pays more as a treble, three winners priced:
- A) 5/4, 8/11 and 9/2
- B) 11/10, 5/4 and 4/1
- C) 6/4, 6/4 and 7/2
The answer is C with a return of £281.25 for a £10 bet. B pays £236.25 and A £213.75. That’s a £67.50 difference between the best possible return and the worst.
And so the next time you place any bet with one selection or more just stop to consider the difference attaining the best possible odds can make to your winnings.
What is each-way betting?
Each-way bets are wa ers placed on a selection to either win or finish close to the front. Most typically found in horse racing, an each-way bet will see a return on a horse that finished first or second in five, six or seven runner races. Places one, two, and three are paid in races with eight to 15+ runners and handicap races with 16 or more runners will payout on horses that finishes amongst the first-four.
An each-way bet is in two parts. A £10 each-way bet, which will cost £20, will see £10 of stakes placed on the section to win and an additional £10 on the place part of the bet at a fraction of the win odds. Typically this fraction is 1/4 or 1/5th.
So a 4/1 winner with £10 each-way placed on it and each-way terms of 1/4 odds will receive a return of £70. If that selection finishes second the return will be £20. Don’t take our word for it, enter the odds, stakes and finishing position into our free bet calculator yourself!
What is hedge betting?
The term ‘hedging your bets’ has found its way into the English language but few stop to consider what it really means or where it has come from.
In an ideal world to ‘hedge’ is to back all possible outcomes of an event and ensure a profit whatever the outcome. Rarely does this type of betting offer huge profits as it normally works on small margins but it does guarantee no losses.
To successfully hedge bets you will need discipline and place exact stakes in order to give precise returns. The best way to identify what those stakes need to be, the best bet…use an online betting calculator.