It’s All in the Odds: Why Using a Bet Calculator is the Smart Choice
Most bettors today are focused on making profit across online casinos and sportsbooks. For them, it’s the ultimate endgame.
Having fun is also important, too, but you generally find that most bettors prioritize money and odds above everything else.
This is why betting calculators, a special type of tool used in the gambling industry, have skyrocketed in popularity over recent years. And you can breathe a sigh of relief, because you don’t have to be a math expert or rocket scientist to understand how to use them.
What is a Bet Calculator?
A betting calculator is an easy-to-use tool that allows you to check the potential winnings for any type of bet you place, including singles, doubles, and accumulators.
Alex Windsor, analyst at the popular betting site bettingtools.com, believes that you should always use a bet calculator before placing any type of wager:
“With a bet calculator, you can place bets with a clearer understanding of potential profits and losses. Whenever you’re sitting on the fence about whether or not to place a particular bet, just put the odds and your potential stake into a bet calculator and see what it says. This way, you’ll quickly be able to piece together if the bet has true value.”
Most betting calculators normally work the same way. You enter the amount of money you want to bet, select the type of bet, choose the odds (e.g. moneyline or fractional), and smash the ‘Calculate’ button. It’s that easy. Within a second, the bet calculator will then return all of the relevant data to you, with the main focus being ‘Total Return’ and ‘Total Profit’.
Benefits of Using a Bet Calculator
The benefits of using a bet calculator are strong. The biggest benefit of them all is that you can understand potential payouts based on bookmaker odds. In addition to this, bet calculators allow you to plan bets more carefully, save time, eliminate complexity, and boost confidence.
Even the most experienced of bettors don’t enjoy dealing with complicated odds and numbers, which is why they rely on bet calculators to effectively do the heavy lifting for them.
So, if you’re someone who also gets overwhelmed by numbers, you’ll definitely benefit from using a bet calculator for the first time. You can view and use all the calculators you will ever need on BettingTools for free.
Example of How a Bet Calculator Works
Let’s say you’re a big football fan and Manchester City are playing against Tottenham at home. For this game, Manchester City have odds of ‘3/5’ and you want to bet £10 on them to win.
In this case, what you’d need to do is open up your bet calculator, choose ‘Single’, enter ‘3/5’ under the fractional odds, select a wager of ‘£10’, and wait to see the results. In this particular example, you’d find that your potential profit would be £6.
If this is a profit you’d deem worthy of the risk, you could then go ahead and place your bet on Manchester City to win. Alternatively, you might want to shop around different bookmaker odds to see if there’s an opportunity for greater profit elsewhere.
Where to Find a Bet Calculator
The good thing about bet calculators is that they’re incredibly easy to access. The internet is home to countless bet calculators, which can be accessed on PC, tablet, and mobile browsers.
Luckily, providers usually offer their bet calculators for free, too, so you don’t have to pay anything to use them. This is why it’s pretty much a no-brainer to add a bet calculator to your list of betting tools.
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