One of the fundamentals of betting is calculating how much a bet pays out for any given stake. In this guide, you will find out how to use the bet calculator to calculate the odds and learn more about this sports betting term.
What is a Bet Calculator?
A Bet Calculator is a tool that allows you to check how your bet will fair. The calculation is usually based on determinants such as the odds, the type of bet you choose, and your stake. It’s pretty easy to use and calculates your winnings instantly.
In addition, the odds converter will calculate how much you stand to gain based on the outcome, whether it’s a single bet or a multiple bet. All you have to do is enter your stake and select the type of bet you want to place.
Type of Bet Calculators
Bettors can use the Bet Calculator to quickly and adequately assess different bets before placing them to determine how each choice will affect their potential winnings. Single Bet Calculators, Double Bet Calculators, Treble Bet Calculators, Betting Odds Calculators, and Trixie Bet Calculators are some of the examples of available bet calculators. You will also find Patent Bet Calculators, Accumulator Calculators, Pixie Bet Calculators, and so on.
Odds Calculator
Betting odds usually appear in different formats, yet most bettors have a favourite odds format. Cultural factors often influence these preferences.
For instance, fractional odds are the most common odds in the United Kingdom, and decimal odds are prevalent in Ghana. There are three different formats for odds – decimal odds, fractional odds, and American odds.
Decimal Betting Odds Calculator:
Decimal odds are usually seen in the form of decimal numbers. The total winnings on a stake can be calculated as:
Total Winnings = Decimal Odds x Stake.
For instance, if the odds for Villarreal to score first against Elche is 1.5, and you bet 100 GSH on the odds, your total winnings will be 150 GSH, including your initial stake.
Fractional Betting Odds Calculator:
Fractional numbers are usually on either side of a slash(/), e.g., 6/1. The total winnings on a stake can be calculated as:
Total Winnings = Fractional Odds x Stake
For instance, if the Odds for Barcelona to win against Real Madrid is 2/1, and you bet 100 GSH on Barcelona to win, your total winnings will be 200GSH, including your initial stake. So, 200 GSH plus your initial stake of 100 GSH makes 300 GSH total payout.
American Odds:
American odd numbers are characterized by negative and positive numbers.
For instance, an NBA game between the Miami Heat and the Detroit Pistons had the following American odds to win: Miami Heat (-487), Detroit Pistons (+686). It means you will need to bet $487 on the Miami Heat to make a profit of $100. On the other hand, you can wager $100 to make a profit of $686 if you bet on the Detroit Pistons.
System Bets Calculator
System bet considers all possible combinations to get a payout. The more combinations win, the greater your payout. However, a system bet can range from three to 20 selections depending on the type of system bet you choose.
For instance, if you make eight selections, you need at least two correct selections to win to get a payout.
On the other hand, you will get the maximum payout possible if you get all eight correctly. Different types of system bets are available, including ⅔, 2/4, ⅖, ¾, and so on. The system bets calculator will then divide your stake on each of the bets. For a ⅔ system, for instance, your stake of 150 GHS will be divided into 50 GHS for the three bets each.
Trixie Bet Calculator
You will place a Trixie bet by picking three options. The stake consists of one treble with all three options and three doubles with only two of the options. You only need to win two of the options to get a payout.
The Trixie is made up of the following components:
| Components | Options | Number of Bets |
|---|---|---|
| Double | (12), (13), (23) | 3 |
| Treble | (123) | 1 |
| Total = 4 |
Here’s how a Trixie Bet calculator works in real life:
- Villarreal to beat Sevilla at odds of 2.60
- Hertha Berlin to beat Hamburg at odds of 3.20
- Watford to win Aston Villa at odds of 4.10
If you put 10 GSH on each of the four bets, and they all win, you’ll win 662.12GSH. Conversely, if Villarreal fails to win, you’ll get a payout of 131.2GSH.
Yankee Bet Calculator
You will place a Yankee bet by picking four options. The stake consists of no singles, six doubles, four trebles, and a four-fold accumulator with all four options.
The Yankee Bet calculator works with the following components.
| Components | Options | Number of Bets |
|---|---|---|
| Doubles | (12), (13), (14), (23), (24), (34) | 6 |
| Trebles | (123), (124), (134), (234) | 4 |
| Four-Fold Accumulator | (1234) | 1 |
| Total = 11 |
Patent Bet Calculator
You can make a Patent bet by selecting three options. The stake consists of one treble with all three options, three doubles, and three singles. A patent calculator is used to cover all possible outcomes, and you only need to win one of the options to get a payout.
The Patent calculator is made up of the following components:
| Components | Options | Number of Bets |
|---|---|---|
| Single | (1), (2), (3) | 3 |
| Double | (12), (13), (23) | 3 |
| Treble | (123) | 1 |
| Total = 7 |
Lucky 15 Calculator
You will place a Lucky 15 bet by picking four options. The stake consists of four singles, six doubles, four trebles, and a four-fold accumulator with all four options.
The Lucky 15 calculator is made up of the following components.
| Components | Options | Number of Bets |
|---|---|---|
| Single | (1), (2),(3),(4) | 4 |
| Doubles | (12), (13), (14), (23), (24),(34) | 6 |
| Trebles | (123), (124), (134), (234) | 4 |
| Four-Fold Accumulator | (1234) | 1 |
| Total = 15 |
Accumulator Bet Calculator
An accumulator bet combines multiple options into a single wager that only pays out when all the selections win. An accumulator bet is a bet with four or more selections. This bet is the riskiest and most rewarding type of bet.
Here’s how the Accumulator calculator works:
- Villarreal to beat Sevilla at odds of 2.60
- Hertha Berlin to beat Hamburg at odds of 3.20
- Watford to beat Aston Villa at odds of 4.10
- Losc Lille to win Angers at odds of 1.60
The possible outcomes are as follows;
- Villareal loses, but the other three selections win.
- Only Watford and Villareal win
- All selections win.
It is only in Scenario 3 that you will get a payout if you place an accumulator bet.
For example, if you bet 20 GSH on this outcome.
Total Winnings = stake x each of the odds = 20 x 2.6 x 3.2 x 4.1 x 1.6 = 1091.584 GSH
Bet Calculator FAQS
A bet calculator allows you to calculate your potential winnings based on the odds, the amount you want to bet with, and the type of bet you choose to place. You can enter every detail, and the odds converter will instantly calculate your winnings.
Multiple factors influence the outcome of your bets, including the amount you bet, the betting odds, and results. Once you enter the right details in the calculator, everything will be calculated immediately.
A 2/4 system consists of six bets that result from four picks. Two or more of the four picks must be correct to get a payout.
For example, From picks 1, 2, 3, and 4. The following six bets are formed: (12), (13), (14), (23), (24), (34).
A double bet calculator takes the odds of single bets and multiplies them to create double bet odds. Double bets work when the return of the first selection is used as a stake for the second selection.
