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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.
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.
And the number represents the total return , not just the profit like American and fractional odds. The Packers would be 1. The Vikings would be 2.
Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports other than horse racing , because the conversions to understand return are difficult.
To calculate winnings on fractional odds, multiply your bet by the top number numerator , then divide the result by the bottom denominator.
Odds correlate to the probability of a team winning, which is the implied probability. A favorite has about a To calculate implied probability, use the following formulas:.
As a responsible bettor, it is important to understand proper bankroll management. Your payout includes your potential winnings, plus whatever you bet originally.
Arbitrage opportunities can pop-up in betting markets for a variety of reasons, most commonly being a disagreement in Sportsbook opinions on a certain event.
You can see here, that there a discrepancy in the odds, or a disagreement between the sportsbooks over the winning chances of each team.
This a sports betting arbitrage, an opportunity to guarantee yourself a profit no matter the result e. Arbitrage betting can be very profitable as long as you demonstrate patience and capitalise on the many opportunities that arise every day.
Where you can lose big amounts with online Sportsbooks is if you outlay large sums on a bet that potentially could be a sportsbook error. That is until the Sportsbook cancels the market that had an error Sportsbooks may be able to do this even after the event has started, read their terms and conditions.
Bet Amount. Bet Type Single Bet Parlay. American Odds. Decimal Odds. Fractional Odds. Implied Odds. What are American Odds? An each-way bet is a combination of win and place bets of equal size.
Very popular bet in sports with longer odds, outright markets for things like Premier League top scorer or the Grand National in horse racing.
The place part of the bet is determined by the bookmaker you bet with. Place terms can differ from event to event, bookie to bookie.
A multiple bet or multi where you place one bet but need both selections to win in order to collect. Like a double and treble, it's a multi bet term used to describe bets that have four or more selections.
An accumulator or acca is a very popular bet with punters when it comes to football, where you can multi up many different selections and with it the odds increase with the more selections you add.Supports UltimateBet. However, when laying a bonus bet, you can make a profit by using a specific calculator. View All Horse Racing. Free Slots Ios bet: min. For the last word in horse Karten Zählen, look no further than William Hill. Golf Betting with William Hill. Added percentage display for OUTs cards.