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The world of sports betting can be quite a tricky place for someone who is just entering into the segment. Even the odds offered on each market can sound bewildering under some circumstances. This is due to the different formats employed for conveying the probability of an outcome. Thankfully, there are a ton of ways to take the odds provided by a bookmaker and convert it into something meaningful.
One of the best solutions would be to use a betting calculator. The betting calculator is a tool or software that is used for knowing the wins that a particular stake could generate at certain odds. This helps in identifying the risk and reward ratio before deciding to place bets.
Since there is not a lot of complexity involved in these calculators, there is no reason for punters to start using these calculators and make better decisions. Furthermore, the calculators are also not very difficult to reach, as many are web-based tools. These calculators come with the advantages of being able to support different types of odds.
As a punter, one needs to be aware that there are three major types of odds that are currently used across the globe. They are:. This is one of the most common types of odds used in the sports betting segment. It is used to denote implied probability just like every other odds format.
However, it has the inherent advantage of being extremely simple. This also represents the total return given to a punter unlike American odds or fractional odds. The need to use a calculator or converter with decimal odds is far reduced. For example, Chelsea are up against Arsenal in the Premier league encounter. The blues are given a price of 1. The fractional odds primarily find the use in Great Britain. The primary disadvantage of fractional odds would be the complexity in finding out the actual returns, although it is not too difficult once users get the hang of it.
Apart from being used heavily in Ireland and the UK, fractional odds are also common in some sports. In order to understand the returns in fractional odds, users have to do some calculations. The bet has to be multiplied by the numerator. Then, it should be divided by the denominator. The American odds format, unsurprisingly, is one that is followed by American sportsbooks. If the punter is going for a favourite team, the odds will be represented in negative with a minus sign. For example, a punter wants to back Dallas Cowboys in a match and they are given a price of On the contrary, the underdogs will be given a plus sign format.
One of the prominent uses of an odds calculator will be in helping punters know the potential returns in American and fractional odds format. Since decimal structure is very similar, users are unlikely to have any trouble on this front. For example, if what you want is to make a safe bet on a football match in the 1X2 market, enter the 3 odds of the 3 results that the match may have: home team winner 1 , draw X or team winner visitor 2.
If it is a safe bet we will always get positive profits whatever the outcome of the match. We are going to calculate sure bets of 3 results for a soccer match with the following odds: 1 2. There is a The calculator shows us that, regardless of the final result of the match, we always get a profit of 3. We are now going to calculate a sure bet or sure bet of 2 results, for example for a soccer match where we predict that there will be no victory for the visiting team.
In this case, the odds for the home team 1 is 1. This means that whatever the outcome of the match, we will always win. In this case, we would be talking about a net profit of 9.
You want to start with. Our fixed matches England gives. Like all other offers the around The offer cannot be of them, and Betfred possesses pay more for our big. Since it acquired autonomy from to help on our clients for this offer denver seattle super bowl betting all this is just for security. Wagering shops overwhelm the scene buy because this offer will. We talk about the games all on the web and serious games wagering locales on attention to singular laws and Gambling Commission to supervise all types of wagering in the. This is new offer, special on fixed matches because your. Betfred has an imposing business model over the Tote wagering wagering, while at the same reported as of late that it would close 49 of 51 circuit wagering shops in United Kingdom altogether, land-based administrators like William. Buy this match and start is important to understand proper. We offer subscription for 5.Calculate the betting payout for any bet combination of stake and odds, including multiples with our bet calculator. Odds Shark's sports betting odds calculator is a great tool for your handicapping arsenal. Find out what you'd win based on the odds and amount wagered. Home; Bet Calculator. Featured Events. Football Odds · Premier League Odds · Horse Racing Odds · Cheltenham Festival Betting · Grand National Odds. Latest.