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A single bet is a simple bet on an individual selection or outcome. Manchester United to win the league. An each-way bet is a combination of win and place bets of equal size. 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. 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. If it is a safe bet we will always get positive profits whatever the outcome of the match. We are going to calculate sure bets of 3 results for a soccer match with the following odds: 1 2. There is a The calculator shows us that, regardless of the final result of the match, we always get a profit of 3.
We are now going to calculate a sure bet or sure bet of 2 results, for example for a soccer match where we predict that there will be no victory for the visiting team. In this case, the odds for the home team 1 is 1. This means that whatever the outcome of the match, we will always win.
In this case, we would be talking about a net profit of 9. As you can see, calculating your sure bets or sure bets is a little easier with this simple betting calculator, which allows you to obtain the winning probabilities for up to 5 results.
So how do odds work correctly? The answer to that question is crucially important if you want to succeed at betting and are just the beginning of your learning curve. You should also understand the difference between odds and probability. These two concepts are related, but not identical.
Probability is essentially a representation of how many times a given outcome can occur. You can calculate the probability by dividing the number of chosen outcomes with the number of total possible outcomes. Betting is primarily about assessing the chances or probabilities of events. Bookmakers use odds since they can be translated into a more usable and more easily understood form for betting. Firstly, you need to differentiate between the three significant odds formats you will frequently see mentioned.
Decimal odds are the easiest to use since they clearly demonstrate your return for each unit bet. For instance, decimal odds of 3. When it comes to fractional odds, they are marginally more complicated. Although they show the same information as decimal odds, they are expressed differently.
You also get your stake returned. Decimal odds of 3. So, if you want to make the 9 units of profit, you need to wager 4 units. When it comes to American odds, or Moneyline Odds as they are also called, they share similar information as decimal odds; however, in a marginally alternative manner.
When you use American odds, your payout is directly correlated to a unit base figure. The minus symbol means you will have to wager that amount to win units. These bets rely on the outcome of a game after addition for a given team or a point penalty. Total bets are several points or goals you think will be scored during a game. Parlay bets are otherwise also known as multiple or accumulator bets. Parlays involve combining at least two selections into a single bet.
All the outcomes will have to be favourable for the wager to win, and in the process, bettors secure higher odds. Teaser bets are an alternative take on a parlay. They involve tweaking the point spreads in favour of the bettor in return for marginally lower odds. Outright bets involve betting on a team or an individual player to win a competition. Head-to-head bets are placed on the winner of two competitors going head-to-head in competition.
This is more commonplace in events that take place on larger fields, such as significant golf tournaments. Open an Account with Betfair. First Goalscorer bets are popular with many football punters. The bet is very straightforward, and involves selecting a specific player who you think will score the very first goal of the match.
If he ends up scoring first, you win your wager. Strikers and forwards tend to have lower odds, while defenders the highest ones. Attacking midfielders usually offer the best value odds. Anytime Goalscorer bets work similarly to first goalscorer bets.
Backing anytime goalscorer players can offer better odds than first goalscorer bets. Despite the odds being slightly lower than First Goalscorer odds, Anytime Goalscorer bets give you a better chance of winning. You should take advantage of Anytime Goalscorer bets by looking for teams who are currently scoring freely.
For this type of bet, overtime is excluded in most cases. Last Scorer bets are among the three markets most prevalent at bookmakers. Bookmakers often offer double odds on a player to be first or last goalscorer, in comparison to the anytime scorer. That is because the last and first goalscorer can be the same player. The most straightforward bet is to wager on a team to win from the hundreds of weekly matches around the globe.
Betting on full-time results of individual games is by far the most popular bet, and there are many ways to bet on a full-time outcome. The most traditional method is known as the win-draw-win betting market. An accumulator bet is riskier than other types since you are increasing the number of bet selections.
If you win an accumulator bet, you stand to gain hefty returns. A key point you need to remember is that all your preferences have to win. The odds of every selection is multiplied by the next one, leading to better prices; this is a significant benefit of placing accumulator bets. On the other hand, you may have created a ten-team Acca bet only for one selection to let you down. Handicap betting is widespread across many sports; however, due to the differences in rules and how the sports are played, you will need sport-specific knowledge.
Figures in Handicaps are expressed as goals; therefore, if a team is offered at It goes without saying that the main goal of sports betting is to win and turn a few Euros into a couple of hundred. By grinding out regular nightly wins, you can boost your betting bankroll. While putting money on a horse winning a race may sound like a relatively straightforward matter, there is a wide range of bets available.
For example, are you planning to keep it simple with a single bet on one race? Or, alternatively, are you looking to take a chance on a larger gamble with an accumulator? Thankfully, that is where online odds calculators come into their own. These handy tools can make a huge difference to your betting activity, providing you with a full overview of the options available and ultimately helping you to place the bet — or combination of bets — that works best for you.
In this article, we are going to take a closer look at the concept of odds calculators, how they tend to work, and the key benefits that they can offer in terms of boosting your betting balance. On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful.
Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make. This could be anything from a single to a Yankee to Super Heinz or an accumulator. The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article.
You will then repeat that process however many times is necessary — for example, if you have placed multiple bets — and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play. The latter offers compensation in the event that a horse withdraws from a race after a bet is placed.
After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful. Choose your each-way terms with the odds calculator — these vary based on the number of runners and the type of race.
As a punter, one needs to be aware that there are three major types of odds that are currently used across the globe. They are:. This is one of the most common types of odds used in the sports betting segment. It is used to denote implied probability just like every other odds format. However, it has the inherent advantage of being extremely simple. This also represents the total return given to a punter unlike American odds or fractional odds.
The need to use a calculator or converter with decimal odds is far reduced. For example, Chelsea are up against Arsenal in the Premier league encounter. The blues are given a price of 1. The fractional odds primarily find the use in Great Britain. The primary disadvantage of fractional odds would be the complexity in finding out the actual returns, although it is not too difficult once users get the hang of it.
Apart from being used heavily in Ireland and the UK, fractional odds are also common in some sports. In order to understand the returns in fractional odds, users have to do some calculations. The bet has to be multiplied by the numerator. Then, it should be divided by the denominator.
The American odds format, unsurprisingly, is one that is followed by American sportsbooks. If the punter is going for a favourite team, the odds will be represented in negative with a minus sign. For example, a punter wants to back Dallas Cowboys in a match and they are given a price of On the contrary, the underdogs will be given a plus sign format. One of the prominent uses of an odds calculator will be in helping punters know the potential returns in American and fractional odds format.
Since decimal structure is very similar, users are unlikely to have any trouble on this front. The implied probability is one of the crucial factors when determining whether to go with a bet or not. It is ultimately used to denote the probability of success for a team.
If an American odds format is used to denote odds of for a team, it effectively denotes that the team has a This is down to the bookmaker margin which is brought into the picture. As it is easy to see from the extended list of betting types, odds types, and factors that define prices of odds, the world of sports betting can be a tricky place for the uninitiated. It is important to have the right set of tools to come out successful in sports betting. One such tool will be the betting calculator, which comes in handy when trying to understand the probability of success for a particular event.
Only if the risk-reward ratio comes to be in a decent position can punters go with the bet. The calculators and converters come in handy in this regard, as one can merely that the numbers and understand the feasibility of a position within a few seconds.
The bet amount will ultimately determine the risk at stake. An each-way bet is a combination of win and place bets of equal size. 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. 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.