You use the single-line calculator when the win or each way bet has one unit and no permutations. However, the fundamentals are the same for each type of bet calculator, but there are several variations or types, which we describe below: Single Line Also, one of the features is often a bet converter which you use to select the odds format. You can find a calculator on betting systems and bookmaker sites, as well as in the form of mobile apps. In some rare cases, the return could be the same as the total stake, so the profit shows zero. So, if the outlay is more than the return, the profit is a negative figure which indicates a losing bet. The tool makes the calculation and displays the Outlay, Return and Profit. Total stake based on the stake unit and the number of permutations.Stake unit, especially for system bets, and win or each way bets.The odds can be expressed in decimal or fractional formats with the use of an odds converter.The outcome for the backed horse: Win, Place, Dead Heat, Lose, Non-Runner.Rule 4 ‘Yes’ or ‘No’ and the percentage deductions when the rule applies.Each-way ‘Yes’ or ‘No’ and place terms when applicable which depend on the type of race and number of runners.Type of bets such as single, double, treble, accumulator (multiple) or system bet.When you use a bet calculator for horse racing, you must enter the following bet details: Therefore, it is a great time-saving tool. Also, the calculator instantly works out returns from complex system bets, and a Parlay with several legs. So, a bet calculator can only deal with the information you enter, which has to be accurate to ensure a correct calculation. However, if bookmakers form a new market, excluding the non-runner, there are no Rule 4 deductions. It is a fair process to recalculate existing bets on a percentage scale of the odds of the horse when it was taken out of a race. NOTE: In UK racing, these deductions are known as Rule 4 but may have a different name in Nigeria. Also, the horse racing bet calculator can handle a dead heat, each way bets and deductions when there is a late withdrawal from a race and bookmakers do not have time to issue current odds. It can handle singles, doubles, trebles, accumulators and system bets. However, the calculation is the same for each sport.
It is mainly associated with horse racing, but it is also useful for other sports, such as football and cricket. How does a bet calculator work? Types of bet calculator What is a Lucky 15 Bet? What is a Double Bet? What is a Treble Bet? Where to place a bet online in Nigeria? Frequently asked questions about Bet calculator How does a bet calculator work?Ī bet calculator works by taking the type of bet, odds and stake to provide an accurate return from a bet.
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