Bet calculators are useful betting tools that will help you make the most of your online betting experience in India. If you do not know how to use them, no need to worry. We will explain what a betting calculator is and which bets it’s applicable to. But that’s not all. You will be able to find an online bet calculator right here, as well.
RESULT TOTAL STAKE TOTAL RETURN TOTAL PROFIT
What Are Bet Calculators?
As we have already mentioned, bet calculators are incredibly handy tools that will help you calculate your returns for various bet types. If you are considering placing a bet and want to check what your potential winnings will be like, then free bet calculators are the solution for you.
A fantastic advantage of the sports betting calculator is that it is incredibly easy to use. Of course, this is the reason they are very popular in the online betting community in India.
How to Use a Bet Calculator
Using a free online bet calculator is extremely straightforward. You need to provide three main pieces of information, and the odds betting calculator will do its magic, and you can see your potential returns.
Here are the steps you will need to take.
- Firstly, select the bet type (we will discuss various bet types in our article later, so make sure to pay attention).
- After that, select the odds format that suits you best (decimal, fraction, moneyline).
- Then, enter the odds in the appropriate field and select the outcome (win/lost/void).
- Once you have completed this, you will need to provide the stake.
- All that’s left to do now is tap the “Calculate” button and you will be able to see your total stake, as well as your potential return and profit.
Types of Bets
Before maximising the potential of betting calculators, you should familiarise yourself with all the bet types you can use. The list is quite extensive, so we have taken the time to elaborate on some of the most popular types.
A single bet is one of the most basic bet types, which is why it is favoured by sports betting newbies. Essentially, you are betting on the outcome of the game. For example, you are betting a football game for a team to win, draw, or lose.
This bet type is also very easy to grasp, even though it falls into the multiple bet category. By placing a double bet, you are combining two selections in one bet. In case both of your selections win, your bet will come through.
In a quite similar fashion, a treble bet combines three single selections. These selections are also referred to as “legs” that constitute a multiple bet. Of course, you need all these legs to be successful for your bet to be a winner.
An accumulator bet or an acca is one of the most popular multiple bet types. The main reason is that the odds you will get for an accumulator are significantly greater than those you would get for placing individual bets. As it contains multiple selections, all of these singles need to win for you to get a return.
Now, we are moving on to various bets that are especially popular in horse racing. One of them is a Trixie, consisting of four equally-valued bets on three selections in different events. In essence, it combines three doubles and a treble.
A patent bet is similar to a Trixie as it also contains three selections. However, a patent contains singles, so we are talking about seven bets in total. Three of them will be singles, three will be doubles, and one will be a treble.
A very exotic bet by type (which is why you will find it in a betting odds calculator), a Yankee encompasses eleven bets in four different events. It contains one four-fold acca, four trebles, and six doubles.
Lucky 15 Bet
A very comprehensive bet but incredibly popular among Indian bettors due to the range it offers is a Lucky 15. One single, one four-fold acca, four trebles, and six doubles have found their place in this bet. In total, that’s 15, so you see how it’s gotten the name.
Lucky 31 Bet
As you can imagine, Lucky 31 consists of five selections and 31 bets in total. You will have a single bet, ten doubles and trebles, respectively, and five four-fold accas for these selections. Of course, all your selections need to win for your bet to be a winner.
Lucky 63 Bet
With six selections and 63 bets in total, a Lucky 63 is similar to the previous bet but also improved. One single, 15 double bets, 20 treble bets, and three different accas – one six-fold, 15 four-folds, and six five-folds.
You can probably guess how many bets this one consists of. Just like the legendary ketchup has 57 varieties, this one features 57 bets across six selections. An assortment of doubles, trebles, and accas– a Heinz is for experienced bettors with extensive market knowledge.
What’s better than a Heinz bet? Well, a Super Heinz, of course. With 120 bets in total, this seven-selection wager is yet another one with both extensive betting knowledge and experience under their belts. This bet is one of the most popular full cover bets, so a full cover bet calculator will be of great use to those considering placing it.
This bet is also known as a Super Yankee as it is a sort of an improvement to this bet type. Essentially, there are 26 bets in total, and you need two selections to win for getting a return. With such a massive bet, a bet odds calculator will be your best friend, of course.
Apart from the above mentioned bets, the other most important calculator that helps in calculating bets is net run calculator. It helps to calculate the performance of an entire cricket team rather than an individual team member. Cricket Players use this calculator to rank different cricket teams with similar points while football players use it to relate goal differentials.
What are Betting Odds ?
When talking about an odds betting calculator, we need to elaborate a bit on what betting odds are. Of course, experienced bettors know all about various odds formats and such, but we will explain in more detail as those with modest betting experience might learn a thing or two.
In essence, what you need to know about odds is that they display the probability of a certain outcome happening. This probability can be represented in several different formats, including fractional, decimal, and moneyline. Of course, all the major bookmakers nowadays allow you to select your preferred odds format.
Fraction or fractional odds are also known as British odds. You will recognise them by the way they are written, either with a hyphen or a slash. For example– 6/1 or 6-1.
Fractional odds of 6/1 mean that you can win 6 INR for every 1 INR you stake. Also, you will receive your initial stake back. For example, if you stake 1000 INR at the odds of 6/1, your total payout will be 7000 INR (6000 INR profit and 1000 INR your stake).
Decimal odds are also referred to as continental or European odds. Some players find them to be easier to understand due to their format. For example, here is what they look like– 2.50.
As opposed to fractional, decimal odds represent the amount you can win for every 1 INR that you stake. So, you do not see the entire payout, but just the profit. This makes them easier to understand than fractional.
Let’s say that you want to stake 1000 INR on the odds of 2.50. This means that your entire payout can be 2.500 INR.
Another popular odds format is moneyline or American odds. You can see them in the following format: -120, + 150, etc., with a minus or a plus sign in front. So, a team assigned the odds of -120 are the favourites, as opposed to the team assigned +150, who are the underdog in this particular game. The easiest way to understand it is to use the example of a 100 INR bet.
In our example, the favourites are assigned the odds of -120. This means that you will need to wager 120 INR to win 100 INR. On the other hand, the odds on the outsiders are +150. This means that a 100 INR wager at +150 will bring you a profit of 150 if your bet is correct. As a result, the entire payout will be 250 INR.
Cricket Betting Calculator
Those who prefer placing cricket wagers will be happy to hear that they can also make the most of the cricket bookie calculator. For example, this calculator can serve as a match bhav calculator or a cricket satta calculator if you are interested in these bet types.
Indian bookmakers prefer using the word bhav instead of odds, so essentially, these calculators are the same as odds bet calculators. This means that when it comes to cricket satta bhav, you can find them in the formats we have discussed above– fractional, decimal, and moneyline.
All the major bookmakers in India offer betting on the T20, One Day Internationals, and Test Cricket. Also, you will find the IPL, ICC Cricket World Cup, the Ashes, and lots of other prominent cricket leagues, so having a handy calculator before placing a bet is pretty convenient.
Of course, other sports are well-represented on Indian betting sites. The most prominent ones are football, tennis, basketball, table tennis, and many more. What’s more important, you can use a gambling calculator to figure out your potential returns for placing a bet on all of these sports.