We’ve got one of the best betting calculators on this page and we’ll show you how to use it. Good news for anyone trying to figure out how much they’ll win from their next sports bet.
Not only are sports betting calculators good for figuring out your potential returns, but they can be great for calculating what kind of risk might be involved. So that whether you’re trying a simple moneyline NFL bet or a colossal parlay across the NBA, you can get all of the help you need right here in this guide.
Go to BetMGM
You can easily enjoy betting on sports without using a calculator. However, the betting calculators featured in our guide offer you a great way to supercharge your bets. This is because they will simply reveal what kind of return you will make should you win your bet.
Not only that, but a good betting odds calculator should be flexible enough to help you figure out whether that sports bet is worth putting down. Without getting too deep into the theory of expected value, these calculators will let you adjust the odds on offer so that you can understand what the sportsbook has over or undervalued its odds.
Above all, betting calculators are essential tools for anyone who wants to bet on sports in a way that is responsible and controlled. With that it mind, here is a look at the main advantages and disadvantages of using sports betting calculators:
Betting calculators are simply there to help you figure out how much you could get in returns from your sports bets. This means that most people will use this technology as a kind of betting ROI calculator in that it helps them understand what kind of return they could potentially get from their investment.
Obviously, you could use the calculator on your mobile to do the same task, but betting calculators tend to be better suited to the activity. This is because they will be set up in a way that accounts for the various bet types, different odds formats and you might even discover extra things like implied odds and so on.
The good news is that you will get a variety of betting calculators that cover all manner of different bets. As such, you could do anything from construct a massive NBA parlay or try to hedge your bets on a March Madness game and get a helping hand from one of our calculators. Here are just some of the most popular betting calculators that you’ll come across:
Perhaps the most common kind of bet calculator. Here you will get to calculate what the potential payout will be. It will allow you to enter in the odds, your stake and select the bet type. You should also be able to switch the odds format between American, decimal and fractional odds.
Here you will get to see what your potential payouts will be of a hedge bet. This is where you bet on two opposing outcomes on the same sporting event to try and lock in a profit. Check out this guide to using a hedge bet calculator for more about this.
These can be used to calculate what your potential returns will be from a parlay bet. This means that you will get to type in the odds for each of the selections in your parlay and then see what the combined odds will be along with your potential payouts.
The betting calculator on this page is wonderfully simple to use, but here is a quick walkthrough that shows you what to do:
Once you have done this, the betting calculator will instantly show you what kinds of returns you could get from your bet. It really is that simple, although you will also have the option to add selections, alter bet types and so on. Perfect for getting an accurate and flexible way to take your sports bets up a level.
Sometimes it’s best to explain things with an example. So let’s imagine that you wanted to bet on the Diamondbacks to beat the Phillies in the MLB.
The Diamondbacks had odds of +115 to win the game and you wanted to bet $10. So here, you would go to our betting calculator, select the money line bet option, enter in +115 into the odds section, and then type in $10 as your betting stake. Here, you would see that if the Diamondbacks won the game, your returns would be $21.50.
However, you knew that the Phillies were the favorites, and so you used the calculator to see what kinds of returns you’d get for this bet. So here, you would type in the Phillies moneyline odds of -140 and the calculator would reveal that your returns would be $17.14.
As such, the betting calculator offers you a great way of seeing whether you should play it safe by backing the favorites, or add a little more risk by backing the underdogs and potentially get some slightly larger returns.
Now that you know the basics of using a betting calculator, it’s time to take things up a level. Here are a few things to keep in mind for when you fire up our bet calculator:
The calculator will let you experiment with different odds values to see which offer you returns that are worth betting on. Once you find suitable odds, you can check the sportsbooks featured in our banners to find a brand with the odds that you are looking for.
These calculators are great for letting you know when things like parlay bets are spiralling out of control. So experiment with how many selections are included to find a parlay that has a decent balance of risk and potential reward.
You should also use our bet calculator to see what kinds of returns you could potentially get from various betting stakes. This should hopefully help you see that sports betting isn’t about how much you could potentially win, as it is the taking part that offers the best kind of entertainment. After all, everyone will lose their sports bets sooner or later.
I’ve shown you that betting calculators offer you an invaluable way to get an extra degree of precision over your sports bets. Not only will you get to understand exactly how much you could win with that bet, but you will also see how much risk you are exposing yourself to. Plus you will find that each of the sports betting calculators featured here works in different ways to refine the process of making bets on anything from the money line to a parlay. So be sure to use our betting calculators the next time that you want to bet on sports.
Yes, all of the betting calculators featured at our resource can be used completely free of charge. Not only that, but they are all supremely easy to use too.
It’s usually just a matter of picking how many selections you want to include, typing in the odds and then entering in your betting stake. Check out our guide to using a parlay calculator for more about this.
It depends on what kinds of odds you are betting on. But as an example, if you are betting $100 on odds of -100, you would get a total payout of $20.
This refers to a betting calculator that shows you how much you would win from betting on the moneyline. For example, it could be a moneyline bet that the 49ers would beat the Seahawks, and the calculator would show you what your returns would be according to your betting stake.
Not really, but these betting calculators are invaluable if you want to know how much you could win from your bets. Plus they are very useful for some of the more advanced bet types like parlays.
Go to BetMGM
Go to BetMGM
