cricket betting calculatorBetting Calculator
A single bet is a simple bet on an individual selection or outcome. E.g. Manchester United to win the league.
An each-way bet is a combination of win and place bets of equal size. So a £10 each way bet would cost £20 to place. Very popular bet in sports with longer odds, outright markets for things like Premier League top scorer or the Grand National in horse racing. The place part of the bet is determined by the bookmaker you bet with. Place terms can differ from event to event, bookie to bookie.
A multiple bet (or multi) where you place one bet but need both selections to win in order to collect. E.g. A win double (two bets) on Liverpool to win the Premier League and Leeds to win the Championship.
Like a double, but three selections instead of two.
Like a double and treble, it's a multi bet term used to describe bets that have four or more selections. An accumulator (or acca) is a very popular bet with punters when it comes to football, where you can multi up many different selections and with it the odds increase with the more selections you add.
Use the bet calculator to work out how much your accumulator will return if it wins. Be careful though, the more selections you add to your bet, the less percentage chance you have of that bet winning. Common accumulators can also go by the name of fourfold, fivefold, sixfold etc.
Okay, this is where things get a little more complicated. A lucky 15 bet is when you have four selections which consist of 15 separate bets. The break down of bets is as follows:
4 singles
6 doubles
4 trebles
1 fourfold accumulator
Just one winning selection guarantees a return but the more winners the more your bet returns. Use the bet calculator to see exactly how much your bet will return based on which of the selections have won.
Similar to the Lucky 15, the Lucky 31 is five selections consisting of 31 separate bets:
5 singles
10 doubles
10 trebles
5 fourfolds
1 fivefold accumulator
A Lucky 63 bet consists of six selections consisting of 63 bets!
6 singles
15 doubles
20 trebles
15 fourfolds
6 fivefolds
1 sixfold accumulator
A trixie bet is a 'full cover' bet, which basically means it covers doubles and trebles involving three selections. A trixie involves four bets on three selections as follows:
3 doubles
1 treble
Similar to a trixie in that it's a full cover bet, this time 11 separate bets on four selections.
6 doubles
4 trebles
1 fourfold
Also known as a 'Super Yankee', a Canadian bet consists of 26 separate bets on five selections.
10 doubles
10 trebles
5 fourfolds
1 fivefold
A heinz bet is 57 separate bets on six selections.
15 doubles
20 trebles
15 fourfolds
6 fivefolds
1 sixfold
A super heinz is 120 separate bets on seven selections split out as follows.
21 doubles
35 trebles
35 fourfolds
21 fivefolds
7 sixfolds
1 sevenfold accumulator.
There are many weird and whacky bets available, our betting odds calculator gives you the opportunity to work out how much to bet and how much you could win on any of these and more.
cricket betting calculatorBetting Calculator： Helps You Calculate Your Sports Bet Return
A betting calculator allows you to check if there is value in the betting market and whether or not it is a good idea to place the bet that could change everything.
We’re here to guide you on how it works.
You know it already. When doing a task, having the right equipment can make all the difference. If you have the right equipment right at your fingertips, you can wade through complexities of such a task much easier.
It’s just the same in betting. It’s always important to be one step ahead in order to be successful. Therefore, learning exactly how much you might win – or lose – is of paramount importance.
This is where a betting calculator comes into the picture. It allows you to simulate your potential earnings depending on the stake, the betting odds, and the type of bet you make.
When it comes to diving into sports betting, knowing the value of the wager that you are putting down is crucial; knowing what is at risk and what your choices could possibly bring can really give you an advantage.
In order to obtain the maximum benefit from a betting calculator, you need to understand how it works.
It is crucial to understand the elements of a wager, and the mathematics used to determine the return on any stakes for a bet.
A betting odds calculator utilizes the same criteria and mathematical schemes a person uses. What makes it great is that it streamlines the process.
In terms of using it, here’s how betting calculator works:
A good odds calculator out there will let you browse upcoming matches from all over the world. If you’re looking for the upcoming events or you’re eager to read match previews, it should have got you covered. The one that we are using, but don’t want to advertise is currently focusing on 1×2 football betting markets. However, it also includes a vast range of matches from all over the world including:
Premier League;Serie A;Primera Division;Ligue 1;Bundesliga;Champions League.
But maybe you are looking for some other things and that’s fine.
Thanks to an odds calculator you can easily choose your winner and estimate the likelihood of victory since it helps you assess your chances of winning. In other words, a betting calculator free and easy-to-use is a simple odds calculator that can instantly show the probability of the betting odds that you are looking at on any betting sites. You only need to put the result of a game you are considering and let the calculator do the work.
Your odds are assessed carefully. The calculator allows you to compare your odds to market odds and find out if you should bet or not. Plus, a good one offers an integration feature allowing to place value bets at some of the world’s largest bookmakers.
There are many advantages to using a betting calculator, but here are the biggest ones:
With a lot of options available to bettors, calculating your earnings is becoming increasingly complicated. You need to take into consideration the original stake, the betting odds available, and the type of bet. A calculator helps you do this.
Bets now usually include things like each way, rule four, among others, which make using a calculator a good idea as it ensures accuracy and simplicity.
A betting calculator is also user-friendly and is fully automated, which avoids any human error in working out your returns.
This portion gives you an overview of the difference between sports betting apps and bet calculator apps.
Sports betting apps allow you to place real money wagers from anywhere as long as you have a smartphone device and a cellular or Wi-Fi connection. Many online betting sites with a dedicated app allow you to turn your iPhone, Android, or iOS device into a sportsbook in minutes. You can sign up, deposit, and bet on sports all without a computer.
Online betting sites with the best apps usually offer comprehensive coverage across several sports. Others, however, may focus more on popular sports like football, while some of them may offer more competitive odds on sports like:
basketball,golf,rugby,or even esports.
On the other hand, betting calculator free apps help you check if there is value in the market and whether it is a good idea to place a bet that could change everything. Long story short, such calculators help you work out potential winnings for any type of bet.
cricket betting calculatorBetting Odds Calculator
Sports betting odds are calculated with the main goal for sportsbooks being to receive equal money on both sides of a bet.
For example, if the Kansas City Chiefs are a -10 point favorite against the Oakland Raiders and are getting 90% of the money, the sportsbook would likely adjust their line so they don’t finish in the negative if the Chiefs cover that spread. And so, the sportsbook will continue to raise the line until the other side starts receiving action (from 10.5 to 11 to 11.5, etc). While receiving equal money isn’t always possible, it’s always the goal because if that’s the case, the sportsbook will come out in the positive no matter the final result.
That’s because of the vig, or the amount the sportsbook charges for taking a bet. In the above situation, if equal money was put on the Chiefs -10 (-110) and Raiders +10 (-110), the sportsbook would finish in the positive no matter the result. Say there is one bet on each side, $110 to win $100. If the Chiefs win by seven points and don’t cover, the Chiefs bettor is out $110, while the Raiders bettor is up $100. That extra $10 goes to the sportsbook because of the -110 odds and that’s why the sportsbook wants equal money.
To understand how odds are calculated, it’s best to learn what they specify. Sports betting odds and lines specify the implied probability of an outcome and how much money can be won.
Odds can refer to moneyline, spread or total bets, and they can be displayed as American, British (fractional) or European (decimal). While odds look different, they mean the same thing.
Most sportsbooks in the United States use American Odds. The main signifiers of American odds are that they either have a plus (+) or minus (-) in front of them and are in terms of 100.
Understanding plus (+) and minus (-) odds is the most important thing before learning about American odds.
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the ” – ” always refers to the favorite and the ” + ” always refers to the underdog. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay Packers or the Packers as a +7 point underdog. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7 and they lose by less than seven points or win outright, you win your bet.
It’s a similar case for the betting odds, though favorites don’t always have a ” – ,” especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal. It’s especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. However, in most cases, the favorite will have a ” – ” in front of its moneyline odds while the underdog will always have a ” + .”
For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.
For something like soccer, Arsenal could be a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football (unless they go scoreless in overtime). In this case where both teams have a ” + ” in front of their odds, the team with the lower number is the favorite. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. Going further, a $100 bet on the draw at +220 would payout $320.
A moneyline bet is on the straight-up winner of a game.
Moneyline bets are as straightforward as it gets in sports betting. You’re betting on which side will win an event and if that side wins, you win.
A spread bet is on the forecasted point differential between two teams. A minus (-) indicates the favorite and a plus (+) is the underdog.
In each bet, a push is also possible if the Lakers win by exactly seven points. That would mean each side gets their money back.
As for the odds, the most common number for spread bets is -110, but that number varies depending on the location, sportsbook and how popular each side is. The typical number is -110, which means you have to bet $110 to win $100. However, there are states where odds are worse in order to get the state more money such as -115 or -120. This is also called the vig, which is the amount the sportsbook charges per bet.
If two teams are equal, PK will be given alongside a team name which means the matchup is considered a “pick ’em.” In this case, point spread doesn’t matter as this boils down to a moneyline bet and a tie would get your money back.
An over/under bet applies to the score or points in a given contest.
The below over/under table is for the Dallas Cowboys and New York Giants game.
Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it’s a push and each side get their money back. Also similar to spread bets is that the odds can vary.
Decimal odds are most popular in Australia, Canada, Europe and New Zealand. These odds may be the easiest of the three to understand just by looking at the numbers.
The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite. The return can be calculated by multiplying the bet with the the decimal odds.
Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds.
Example odds to win the Super Bowl:
Similar to decimal odds, the return can be determined cricket betting calculatorBetting Odds Calculator by multiplying the odds and the bet. Above, 100 times 2.5 (5/2) equals 250. In horse racing, odds will dip to something like 3/5 or 5/7 which usually means that horse is a big favorite. A 3/5 favorite is equal to -167 in American odds and 1.6 in decimal odds.
Read More Sports Betting Q&As
cricket betting calculatorBetting Odds Value Calculator 2022
We think that a good odds value calculator could easily be your best friend on your interstellar mission. This is because it simply helps you spot any value bets on your travels. As a result, you’d be able to fire up our odds value calculator online, point it at any odds, and quickly see whether you should put your bets down or not. It’s never been easier to make some galaxy-sized wins from your sports bets.
Seeing as an odds value calculator’s job is to spot value bets, it’s a good idea to understand what a value bet is. This kind of bet is simply where a sportsbook has got the odds wrong. It means that it might have longer odds for a favorite, or shorter odds for a rank outsider. So if you see short odds for Cincinnati Bengals to win the next three Super Bowls, this is probably a value bet. Similarly, if you see long odds for Patrick Mahomes to go a full NFL season without throwing a single touchdown, this is also likely to be a value bet.
Identifying a value bet involves something called expected value. There is a formula for working out the expected value that we’ll discuss later on. To be honest, the formula doesn’t really do justice to value bets, and it makes it seem overly complicated. The key thing to remember is that a value bet is a bet that’s usually too good to pass up. Our intergalactic odds value calculator will help you spot these bets whenever they appear.
It might seem slightly too obvious to state why value bets are so important for your space mission. But simply put, they are when a sportsbook is giving you way better odds than what reality suggests. This basically means that you’ll be getting much more from your bets if you hunt down value bets. Sometimes the advantage that a value bet serves up might not seem too much. But all experienced punters know that a slight edge can have big effects over the long run. So use our odds value calculator online to make sure that you’re always getting the maximum possible returns from your sports bet.
We’re not saying you’ll need to use our odds value calculator on every space trip you take. But we think that this piece of kit is essential if you’re looking to constantly beat the sportsbooks. This is because it is designed to help you spot when a bookmaker has overvalued its bets. Of course, you might be able to spot this and figure it out quickly for yourself. But here are a couple of reasons why our odds value calculator could make things much simpler:
Don’t rely on mental arithmetic: Calculating the expected value of a bet requires a fair amount of arithmetical knowhow. This might be fine for someone with a degree in rocket science. However, most space cadets will benefit from our odds value calculator that can do all of the hard work for you. This means that you will have much more time to enjoy making your predictions and enjoying the big game itself.
Calculate odds much faster: We should mention the fact that our odds value calculator is supremely fast. This means that you don’t have to go through the painstaking process of figuring out things like expected value. Just tap a few buttons on our bet calculator and quickly see whether a value bet emerges. This isn’t just great for figuring out which pre match bets to wager on. It’s also perfectly designed for live betting where the odds are constantly changing in correspondence to the live action. After all, you won’t want to carry out arithmetic equations in the heat of the moment. Just fire up our odds value calculator online and you’ll instantly get to see whenever the odds are too good to pass up!
While we’ve made our odds value calculator supremely easy to use, it can be helpful to know how this impressive piece of kit works. After all, there might come a time when your space mission requires you to calculate odds value far away from a computer or smartphone. So we thought you should learn how simple it can be to calculate odds value. Here is quick look at what you need to do:
You would start by working out the amount you’d win on a particular sports bet on average. This figure would be multiplied by your probability of winning that bet. Conversely, you would figure out how much you’d expect to lose on that sports bet on average, and this would be multiplied by the probability of losing that bet. This means that you’d end up with two numbers, one representing the wins, and one representing the losses.
From here, you just have to subtract the losses number from the wins number. If you end up with a positive number, then it means that you’d make a profit for each bet that you’d put down. If you ended up with a negative number, it would mean that you’d be more likely to lose this bet.
Let’s imagine that you were betting on two fearsome NFL teams like the Green Bay Packers and the Kansas City Chiefs. Ordinarily, the odds for a money line bet on either team to win would be 2.00. This is because there would be something like a 50% chance of the Packers or the Chiefs to win.
However, if you found an online sportsbook with odds of 2.15 for the Chiefs to win, it would be a great example of a value bet. So if you bet $10 on the Chiefs to win with these odds, the calculation would look like 11.50 x 0.5, compared to the calculation for the Packers to win which would be 10 x 0.5. If you subtracted the Packers calculation from the Chiefs calculation, it would show that betting on the Chiefs would be a value bet that would give you a $0.75 profit for every $10 that you put down. If anything about this calculation looks confusing, then don’t worry as our odds value calculator can do all of the hard work for you!
We’re aware of the fact that our odds value calculator explores just one small niche of the betting universe. So we’ve got our team of space scientists to create bet calculators and converters that deal with all aspects of intergalactic sports betting. This means that you’ll never be left trawling through deep space trying to make sense of some complex odds. Take a look below to see just a few examples of our bet calculators and converters.
Betting odds calculator: This is a great all rounder that you can use for most bets that you’ll see on your space mission. It offers you a simple way to input your betting stake, select your bet type, enter in the odds and then see what your potential payout might be. Remember that this is flexible enough to cater to anything from that basic money line bet to the most extreme multi-team parlay. All of which means that you’ll know how to balance risk and reward in your sports bets. Essential for a successful space betting mission.
Parlay calculator: We love this piece of kit. Our scientists had a great time in creating a parlay bet calculator that can handle this most tricky of sports bets. It basically lets you build a massive parlay, and then see what planet-sized winnings could be waiting in line for you. Our parlay calculator also does a great job in keeping things realistic with these bets. You’ll find quick and easy ways to adjust the selections to try and keep the combined odds within the realms of possibility. So be sure to use our parlay bet calculator before you attempt this difficult sports bet.
Betting odds converter: You’ll probably see lots of different kinds of odds formats on your travels. Most of us will be familiar with American odds or decimal odds. But what happens when you visit a planet that only uses fractional odds? This is where our betting odds converter excels. This gives you an ultra-fast way to convert pretty much any kind of odds into your preferred format. It’s a great way to see which sportsbooks have the best value bets regardless of what odds format they use. So use our betting odds converter to make sure you’re always playing with the best odds in the universe!
By now you’ll probably realize what an essential piece of kit an odds value calculator is. This is because it gives you a quick and easy way to see whenever an online sportsbook has given you superior odds. There’s a lot of complex theory behind what goes into an odds value calculator. But you won’t need to understand how things like expected value work, as our odds value calculator does all of the hard work for you.
It’s important to remember that even the best odds value calculator online can only go so far. You’ll still need to do plenty of research to see which team is most likely to win and so on. But with our odds value calculator, you can at least relax in the knowledge that you’re only a mouse-click away from some unbeatable odds. So fire up our odds value calculator online and look forward to making some galaxy-sized cricket betting calculatorBetting Odds Calculator wins!
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