Who should make use of our comparison? Everyone looking to cover their bases
Our latest comparison guide to betting calculators has been tailored in a way so as to appeal to all online bettors. We are fully aware of the complexities involved with calculating betting outcomes and potential payouts. There’s no need to go it alone. You will find that our guide includes a number of insightful tips on the latest betting calculators. Whether you are a newcomer to online betting or an experienced hand, our comparison will be of value to you.
If you’re completely new to betting, starting out can be slightly overwhelming. There are a number of considerations to take into account. From finding the right operator to choosing an online bonus – it may seem like one hurdle after the next. However, it needn’t be. At betting.net, we have gone to great lengths to provide you with comprehensive coverage. Our newest guide will outline all you need to know about betting calculators. This frees up more time for you to turn your attention to analyzing markets and placing bets. If you’re an experienced hand, you may well be familiar with betting calculators. However, you might not have come across the betting calculators that are on offer on our site. As such, we recommend you read our latest comparison to possibly find a new calculator that you can consult.
What is a betting calculator?
With the advent of the internet and the expansion of online betting, an array of new tools have come to the fore. One of these tools is commonly known as a betting calculator. So, what does this entail?
A betting calculator functions similarly to a normal calculator. However, it’s the information that you input that differs slightly. A standard betting calculator allows you to calculate the potential payout you stand to receive taking into account the underlying odds and amount wagered. As is the case with online betting, all services and features have been streamlined to the nth degree. Gone are the days of having to calculate varying outcomes manually. With a betting calculator at your disposal, you’ll be able to narrow down and identify all the relevant figures that are of interest to you. It’s important to bear in mind that there are a multitude of betting calculators today. Find out more about the different options in the next section.
Different betting calculators on offer
As we’ve alluded to, there are a number of different betting calculators that you can utilize. Each of these has its own specific function and should be used as such. Below, we’ve touched on the different betting calculators that you may come to use in the future. You can find out more about each betting calculator by reading our in-depth pieces that have been written by our experts.
Betting odds calculator: This type of calculator will enable you to seamlessly calculate the potential payout that you stand to realise if your bet pays off. All that you’ll be required to input is the relevant odds (in the correct format) and the amount that you have wagered. Always be wary of the actual bet type, too. It’s a quick way to calculate your payout before you confirm a bet.
Parlay calculator: This calculator will allow you to calculate the payout you stand to receive if you’re betting on more than one outcome. Figuring out the potential payout for parlay bets can be a little more tricky as there are more factors to consider. You’ll be required to enter the total bet amount as well as the odds for each. If you’ve bet on four outcomes, then you’ll have to input all four odds. Remember that if one of your four wagers lose, you won’t be eligible to claim the payout at hand.
Odds value calculator: This type of calculator can be used to assess the relative value of your bet. You’ll need to input the odds of the bet as well as the probability of the bet being successful. The probability of a bet playing out won’t necessarily be displayed. You’ll need to undertake some research of your own in order to identify the probability. Once you have inputted the odds and probability, an odds value calculator will highlight the relative value that this bet has. The higher the potential payout, the higher the value of the bet.
Hedging calculator: An insightful calculator that allows you to identify how much you should ‘hedge’ in order to guarantee a return or possibly limit your losses. You’ll be required to input the odds of your initial bet as well as the amount. You will also need to input the odds of your hedge bet. The calculator will spit out the optimal wager amount that you should stake.
Sports betting hold calculator: The hold is the percentage figure that a sportsbook retains for each dollar that is wagered. Higher hold percentages equate to higher profits for sportsbooks in the long run. However, this isn’t great for you. Thus, the ability to calculate the underlying hold allows you to find bets which minimize this amount.
Spread to moneyline converter: This calculator enables you to input spreads so as to identify weak moneylines. In this equation, you need to enter the odds format you wish to use as well as the spread on offer. The ability to spot odds that have decent value will allow you to take advantage of the odds on offer before they’re corrected.
Tricast bet calculator: If you’re a fan of betting on tricasts (or trifectas), then the tricast bet calculator will come in handy. This type of betting calculator will allow you to calculate the wager amount, overall returns, and potential profits that are of relevance to your bet. These bets are complex but it’s possible to generate a sizable return on relatively small bet amounts. Using a tricast bet calculator will help you optimize this.
Top bookies with great odds
1.
BET $20 GET $200 IN FREE BETS
SI Sportsbook Sports Bonus
BET $20 GET $200 IN FREE BETS
Highlights
- Awesome $50 bonus for new bettors
- Lots of cool odds boosts are available
- Top odds on all major sports
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly – Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
2.
BetRivers.com Sports Bonus
100% up to $500
Highlights
- Excellent range of sports
- Mobile app available
- Live betting is possible
3.
BetMGM Sports Bonus
100% up to $1000
Highlights
- Massive range of betting markets
- Plenty of different wager choices
- Live match tracker and data available
4.
DraftKings Sports Bonus
20% up to $1000
Highlights
- Over 18 sports to choose from
- Great live betting options
- Available in many states
5.
FanDuel Sports Bonus
–
Highlights
- Huge range of games to bet on; both real and fantasy!
- Guides to help you responsibly bet
- Competitive odds compared to other betting sites
Editor’s recommendation – using calculators on the best betting site
There are a host of online betting sites to choose from. Furthermore, there are a variety of betting calculators that you can access. Being able to choose from a variety of platforms and features is great but it can over-complicate the matter at hand. As such, we’ve whittled down our selection of the best betting sites. You’ll find that our latest recommendation for the best betting site will enable you to bet on a huge selection of markets. Plus, you’ll be able to put our latest betting calculators to the test. With a number of bet types on offer, you can use more than one of our dedicated online calculators.
Our latest recommendation singles out bet365. You’ll come face to face with the latest betting markets and a wide range of enticing bet types. With so many different outcomes to take into account, we recommend that you use our latest betting calculators here at betting.net. This will enable you to gain insights into all relevant betting figures that may be of concern to you. It will also put you in a more informed position as you start to wager.
BET $20 GET $200 IN FREE BETS
Get SI Sportsbook Bonus
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly – Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
Tips for using the best betting calculators
It’s clear that there are different calculators for different betting occasions. Thus, you should always ensure that you pick the correct one for your betting requirements. Use our latest tips to derive the best value from relevant betting calculators that you wish to utilize.
Find the right calculator
As is clear from our coverage, there are plenty of betting calculators available online. It’s important that you find the correct calculator for your requirements. If you’re betting on a single outcome, then using a parlay calculator will prove to be unhelpful. As you start to familiarize yourself with the different options and specific uses, you’ll be quick to identify which calculator you require. Using the correct one will allow you to calculate all you need to know within a couple of seconds. This speeds up the betting process and tallies all the figures that may be of interest to you.
Input the correct bet type and amount
As much as you need to use the right calculator, you also need to ensure that you input the correct information. Our online calculators will provide you with an option whereby you can add the bet type and amount that you are betting. If you’re betting on more than one outcome, you should ensure that you don’t select the ‘single bet’ option. In addition to this, you should always double-check the figure you’re adding under ‘bet amount. If you accidentally add in an extra zero, the potential payout will display a much larger amount than what you will be eligible for. This can lead to major disappointment. To avoid this, go over what you have entered and ensure that all the figures and information match up!
Make sure the odds align
One of the most important aspects to be aware of has to do with the underlying odds. This is especially important if you are new to betting. Odds will be displayed in one of three formats; fractional, decimal, or American style (moneyline). The odds that you are taking advantage of on your chosen betting site may be displayed in a different format than the format on your betting calculator. Always make sure that the odds align with one another. Switch to the correct odds format on your calculator or do a quick conversion so that nothing is amiss.
Conclusion – online betting calculators
In conclusion, we hope to have provided you with an in-depth overview of betting calculators. Always remember to find the correct calculator for your task at hand. Using a calculator will speed up your betting process and provide you with a detailed account of all figures pertaining to your bet.
At betting.net, we have incorporated a number of free betting calculators on our site. This enables you to easily access a calculator whenever you require one. No matter if you’re jetting off to the Caribbean or simply relaxing at home, our latest betting calculators will only be a click away.
Great betting bonuses
1.
BET $20 GET $200 IN FREE BETS
First deposit only | 21+ & located in CO, MI, VA | Promo code EXTRA200| A qualifying bet is $20 or more | Min odds of +120 or more | Free Bet Tokens credited after bet is settled and expire after 7 days | Free Bet stakes not included in winnings | Please Gamble Responsibly – Gambling Problem? VA: CALL 1-888-532-3500, CO: CALL 1-800-522-4700, MI: CALL 1-800-270-7117 | Full T&C apply
2.
3.
Bonus Details
Requirements (WR):
1x Bonus
4.
Bonus Details
Requirements (WR):
25x Bonus
5.
Bonus Details
Requirements (WR):
25x Bonus
Betting calculators FAQ
👉What is the best betting calculator?
There are multiple betting calculators online. Each has its own specific purpose and will enable you to calculate a number of different outcomes and/or monetary figures. It’s important that you find the best betting calculator for your precise requirement. Take a look at our latest coverage right here to find out which betting calculators are best.
✅Are betting calculators reliable?
As is the case with online betting in general, certain sites and features are very reliable. On the other hand, there are a number of sites that fall short of the mark. At betting.net, we strive to bring you up-to-date coverage of all betting-related topics. Our latest guide to betting calculators will help you find reliable tools whereby you can calculate your betting payouts with peace of mind.
❓How do I use a betting calculator?
Calculating your potential payout is important when it comes to online betting. You’ll need to take into several factors such as the relevant odds and your stake. On occasion, it’s a quick calculation while on other occasions it can be rather complex – especially when you’re utilizing parlay bets. This is why it’s always easiest to make use of a comprehensive betting calculator. It streamlines the process and allows you to focus on the betting at hand. Our latest comparison guide on the best betting calculators will outline how you can utilize these calculators so that you know exactly where you stand.
💯Are betting calculators free to use?
Finding a secure site where you can use a betting calculator will enhance your overall betting experience. There are a fair share of free betting calculators online. However, you may encounter platforms that attempt to charge you in the process. As such, we urge you to check out our latest coverage at betting.net so that you can access betting calculators without having to fork out a small fortune.
👀Where do I find the best betting calculators online?
The internet is flooded with guides and sites where you can make use of an online betting calculator. However, not all of these sites are as reliable as they make it out to be. You certainly don’t want to find yourself using an unreliable betting calculator that distorts potential payouts. This is why we recommend that you use betting.net for all your betting needs. We’ve included a host of betting calculators that you can make use of. Read our latest guide to find out more.
