How To Choose The Betting Odds Calculator That Suits You
Last updated & tested: 2019-05-19
Sports betting is a relatively simple process after you’ve done it a few times, as long as you understand simple maths. Why, you might ask, would I need a betting odds calculator? The truth is, for a lot of your bets, you probably won’t. If you place £10 on a 4/1 outcome, and it comes off, you’ve won £40 plus your stake back.
That’s simple enough, obviously. There are however some complicating factors which you’ll come into contact with the more you bet – and it’s worth knowing how to handle those if you intend to make the most of your football betting efforts.
Why You Might Need A Betting Odds Calculator
A command of basic maths is certainly beneficial when you’re looking to make money from betting. It isn’t enough on its own, however, as you will also need some quite complicated maths from time to time. If you’re betting on fractional odds with an irregular amount of money, the calculations can become tricky very quickly. And whilst you can read this guide about calculating odds, a betting calculator is clearly invaluable.
A clearer example of how the maths can become testing is with accumulator bets. If you have £10 to bet, and the odds on your chosen punt are 4/1, then you stand to win £40. Simple. However, if you want to stretch your possible winnings by adding other bets to the mix, it can become complicated, with you asking “How much will I win if I bet that these three outcomes will happen, and put £10 on the whole bet?”
It’s here that a forecast bet calculator will really come into its own – the maths are not as simple as adding odds together, or multiplying them; there is a formula to it, and a correctly programmed odds calculator for football or any other sport will give you the detail you need in a way that is easy to understand – letting you know at a glance if your bet is worth making.
How The Formula Works (More Or Less)
The maths behind betting calculators are as simple or as complicated as the bet allows them to be, but you’ll need to know how to read betting odds in order to make a decent profit. If, for example, you want to place as much money as you have to spare – we’ll say £23.56 – at odds of 10/3, the maths to calculate your possible winnings are more complicated than if the odds were 3/1.
You could go to the lengths of dividing ten by three, and then multiply the result by your stake. However, even with a calculator of your own, that’s fairly complicated maths and not something you want to be doing in the knowledge that odds can change at any time. Plug them into a Coral bet calculator, for example, and the formula will do the maths for you. The winnings would be £78.53, in case you’re still wondering.
Equally, an accumulator will introduce new maths into the equation that really don’t lend themselves to quick betting. If you have a certain amount to bet and want to maximise your winnings, an accumulator can be an effective way to do that. However, even seasoned bettors can look at the odds for – for example – Germany to win the World Cup, Iceland to get to the quarter-finals and Neymar to win the Golden Boot as separate bets, and not know what the odds would be for all three outcomes to happen. A football betting odds calculator will take account of all the necessary variables and tell them their possible winnings and therefore whether that’s a bet worth making. And with a good betting comparison website, you should have all you need to make some decent profits.
How A Bet Calculator Gives You Accumulator Odds
A simple football odds calculator will simply allow you to enter the odds for an eventuality, along with your stake, and tell you how much you might win. For an accumulator, it’s more complicated by a mile, and the best bookmakers offer a calculator that will do the hard work for you.
In the Germany/Iceland/Neymar example as above, you would enter the individual odds for each eventuality, and then select “Triple”, showing that you want to know what the odds are on all three outcomes happening. If you placed individual bets on each, the maths would be simpler, and the winnings lower. However, unless you are a certified maths genius, calculating the odds for that accumulator will always be so complicated that it’s best to leave it to a computer.
When you give the instructions correctly, all you need to do is pick the right options, enter the odds and see what you stand to win. This is done instantaneously and lets you decide then and there whether it is a bet you feel comfortable making.
By changing the options, adding more potential bets to the accumulator, or turning it into a “Trixie” bet – which may mean that you get a return even if not all parts of the bet come off – you can see whether you’re best off hedging your bets with the Trixie, or going all-in on the Triple. Betting calculators are endlessly useful as a way of evaluating your options when you’re a novice, but ambitious, bettor.
Independent Betting Calculators: You Don’t Have To Use The Bookmakers’ Option
If you want to see what the return should be for a bet you’re considering, you don’t have to use the bet calculator Ladbrokes, or your chosen bookmakers, lay on for you. There are other, independent services that will show you what the true value of an accumulator should be. This is worth exploring, as most bookmakers will follow the accepted procedure but you won’t necessarily get the same odds from every one.
Using an independent football odds calculator is a sound option if you have time, because it will show you if the bookmakers are offering you real value on the bet you’re trying to make. Skilfully crafting a bet for the maximum return is no small thing, and you are entitled to the best possible value from that bet. If your chosen bookmaker is selling you a little short on the odds you should be getting, then you can look for another bookmaker who will give you the best odds.
These calculators are also useful from the point of view of trying to learn more about building a good accumulator. If you want to try and work out the calculation for yourself, add bets one by one and you can see how value accumulates.
The best operators featured in betting odds calculators
|Max. Wert||Bonus Type||Details||Get the Bonus|
|1||100 / 100||30||£30 FreebetT&Cs apply, 18+||Betway bonus|
|2||99 / 100||25||Claim your £25 bonus with bonus code OPENODDST&Cs apply, 18+||Novibet bonus|
|3||98 / 100||30||£30T&Cs apply, 18+||MoPlay bonus|
|4||98 / 100||30||Bet £10 Get £30T&Cs apply, 18+||888 bonus|
|5||97 / 100||30||Matched bet of up to £30T&Cs apply, 18+||Coral bonus|
|18+. UK+IRE only. Paypal & some deposit & bet types excl. Min first bet £10 a odds 1/2 or more. Tote and Pool excluded. Must be placed within 14 days of account reg. £30 credited as 3 x £10 free bets. Not valid with CashOut. Free bet valid for 7 days. Free bet stake not returned. 18+ T&Cs Apply."|
|6||96 / 100||£100||Bet £50 and Get £50T&Cs apply, 18+||Betfair bonus|
|7||95 / 100||30||£30 insuranceT&Cs apply, 18+||Genting-Bet bonus|
|£30 First Bet Insurance: New customers only. Qualifying period ends 23:59 GMT on 31/12/19. A qualifying bet is a losing first settled real money single bet of at least £/€10 or more (at odds of evens (2.0) or greater (or a multiple where each selection is at odds of 2/5 (1.4) or more. Only losing win single part of an E/W bet will qualify. Free bet equal to your qualifying stake(Max £/€30) will be credited within 24 hours of qualifying bet settling and must be used within 14 days. Free bet stake not included in returns. Terms and conditions apply, 18+.|
|8||94 / 100||100||£100 in bet creditsT&Cs apply, 18+||Bet365 bonus|
|New Customers only. Up to £100 in Bet Credits. Sign up, deposit £5 or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.|
|9||94 / 100||£10||10T&Cs apply, 18+||Mobilebet bonus|
|10||93 / 100||30||Bet £10 get £5 free!T&Cs apply, 18+||William-Hill bonus|
|11||92 / 100||£100||£100 Matched DepositT&Cs apply, 18+||Mr-Green bonus|
|12||91 / 100||50||Fantastic £50 welcome bonusT&Cs apply, 18+||Bethard bonus|
|13||90 / 100||£10||£10 Free BetT&Cs apply, 18+||ComeOn bonus|
|14||89 / 100||30||Get your €30 bonus!T&Cs apply, 18+||BetVictor bonus|
|15||88 / 100||£200||100% matched bonusT&Cs apply, 18+||TonyBet bonus|
|16||88 / 100||£100||Up to 100% winnings boostT&Cs apply, 18+||32Red bonus|
|17||87 / 100||£30||£30 Money BackT&Cs apply, 18+||Unibet bonus|
|18||85 / 100||£10||£10T&Cs apply, 18+||Grosvenor bonus|
|19||84 / 100||50||50£ FreebetT&Cs apply, 18+||Ladbrokes bonus|
|20||81 / 100||£50||50% bonus up to £50T&Cs apply, 18+||Mansion-Bet bonus|
How To Choose A Football Odds Calculator
The most important thing when it comes to betting successfully and effectively is information. You can never have too much of it, so the best horse bet calculator (for example) is the one that allows you to enter – and receive – the most information about the possible horse racing bet you want to make. There are many different types of bet, and each is suited to different situations. By using a betting calculator that offers you the widest possible range of options, you will be able to see which bet most suits your needs – “your needs”, in this case, always meaning the best possible return for your money.
A good betting calculator will give you the option to calculate the simplest of bets, if you need to, but also to see how you could profit from doubles, triples, Trixie bets and Yankees among many others. It should offer an each way bet calculator to show you how you might profit if the team or horse you bet on doesn’t win, but does come in second or third. It should be easy to read and easy to reset, because you may want to change your accumulator if the one you had planned on placing doesn’t really meet your requirements.
The Best Betting Calculators Available
If you have decided on a bet you wish to make, and want to know exactly how much you stand to win, then it’s a good idea to have a few options. The following are some of the best bet calculators available online at the moment, and a wise place to start looking.
Option 1: OddsMonkey
OddsMonkey is a site devoted to showing novice bettors how to really get inside the betting game and turn it to their advantage using the accumulated knowledge of experts. Of perhaps most interest is their matched betting calculator, which will show you how to make the best out of every free bet you get on signing up for the various online bookmakers.
The site also alerts you to new offers and gives you the lowdown on which bookies have the best odds on a range of events, so you’re empowered with all the information you need to move forward with a betting strategy. This is in addition to the range of tutorials which show you how you can make the most of the information that the bet calculator provides. All in all, it’s a very useful tool for the beginner.
Option 2: FreeBets.uk
The beauty of Freebets is the way everything is set out on the site. With many other betting calculators, the information is muddled together and it can be hard to tell what information goes where. With Freebets.uk, it’s formatted in a very intuitive way so you can first enter your stake, and then go through the information line-by-line.
You can add bets and bet types to the calculator one by one, and are prompted at every step so you’re always able to follow what’s going on. At the end, it will then display your results in a way that explains everything clearly. Some other calculators can make it difficult to tell whether the results are your gross winnings or just the profit, but there is no risk of that here. As a side benefit, as the name suggests, the site is a handy reference for which bookmakers are offering the best free bet at any time.
Option 3: Oddschecker
Oddschecker’s betting calculator is a pleasingly no-frills affair, with every different type of bet included in the options and the chance to pick from decimal or fractional odds. It lets you choose whether you want to make an each-way bet and calculates your potential returns, and the way in which it displays the results makes it easy to see exactly how they have been calculated.
The site is also highly useful as it offers information on the ways to get one-off special offers, such as exaggerated long odds on Manchester United to win at home against a team in the bottom half of the Premier League. It’s easy here to find a bet worth making, inform yourself on the event you’re betting on via their news section, and then calculate how much your bet could win you. In short, you can come for the football odds but stay for the start-to-finish gathering of information.
Information Is Power
If you know all about sports but not much about betting, then it can be really tough to find the best bets and the best bookmakers with whom to place them. A useful betting calculator can give you the chance to turn your beginner’s promo code into something genuinely lucrative; and the best betting odds calculator sites will offer more than that. Taking the chance to inform yourself before hitting up the betting sites is essential, and can make the difference between a once-bitten, twice-shy bettor and someone who beats the bookies on a regular basis.