The betting odds calculator helps to calculate the possible winnings. The algorithm is simple: you specify the amount you bet and the coefficient that the bookmaker gives for this event. The calculation formula is used to operate the sports betting odds calculator. She will calculate how much you can get if your chosen bet turns out to be successful.
How to calculate the coefficient?
This is the question users often ask the search engine, although in fact they want to know what the winnings will be when betting on a certain coefficient. The answer is simple: to understand what the winnings will be, it is enough to multiply the bet amount by the coefficient itself. For example, a boxing fight. The victory of one of the opponents is estimated by a kef of 1.60, and the bookmaker gives a quote of 2.70 for the victory of the second. We’re betting $10 on the first one. If he wins, the bookmaker will pay us the amount received by multiplying the bet size by the coefficient: 10 x 1.60 = $ 16. rubles’. This is our win.
Note that the amount received according to this formula includes the amount of the bet made. By taking away the bet amount from it, we will find out what the net profit from a successful bet turned out to be. The following approaches are used to assess the chances of teams (athletes):
- Analytical – based on statistics and mathematical calculations.
- Heuristic – takes into account news from the teams, including insider information, opinions of experts and analysts.
- The combined approach involves an effective combination of both methods.
How to calculate the winnings?
So, the size of the win directly depends on both the size of the bet and the value of the coefficient. It is not difficult to calculate it using the above formula, but to make it clearer, we will also give a table in which you can see how much money the bookmaker will pay when betting on a certain amount at a certain coefficient. For example, different sizes of bets are shown vertically, and different coefficients are shown horizontally. In some cases, the amount of payments was rounded down in order not to show pennies.
In the same way, you can calculate the winnings for any other bet amount and any other coefficient: you just need to multiply these values. If we subtract the amount of the bet made from the received number, we will get the amount of net profit on such a bet. Naturally, only if he wins.
If, answering the question “how to calculate the coefficient”, we talk about how a bookmaker does it, then we can say that this is the fruit of the work of its analysts. They collect information on the athletes participating in the competition and determine the favorite (the coefficient for his victory will be lower than the quote for the opponent’s victory). Then the set coefficient reacts to the bets of the players – the more money people will bet on a certain athlete or team, the stronger the status of the favorite is strengthened (which means that the coefficient decreases).
The higher the coefficient, the higher the potential profit. But the risks are rising in the same proportions. If a bet of $ 10 to win at a coefficient of 1.60 will give us $ 16, then, having successfully bet on 2.00, we already get $ 20.
To understand how much you can win from one bet, you need to make a bet calculation. You can either use our calculator to calculate the winnings, or multiply the bet amount by the coefficient yourself.
The same goes for long-term rates. For example, a bet on the winner of the World Cup in Brazil. In the first place, of course, were the Brazilians. The chances that they would win the championship were 4. With a bet of $ 10, you could earn + $30 net (explanation for beginners: 10 * 4 = 40, where 10 is the size of your bet, and 4 is the bookmaker’s coefficient).
The second most likely candidate for victory was the Argentine national team. The coefficient is 5.5. The German national team closed the top three with a coefficient of 6.5.
Interestingly, a high coefficient was given for Spain to win — 8.0. Apparently, considering that the world and European champions (and 2 times in a row) with an age composition are not as hungry for victories as before.
Some bets may not win, but they may not lose either. For example, for a head start or total goals scored. Then the bookmaker will consider such bets with a coefficient of 1.0. In the common people – a refund. $10 x kef 1.00 = $10, that is, zero profit.
How is winning on the parlay odds calculator?
Express is a bet that includes several other bets. In such a situation, we first multiply the coefficients of each individual bet by each other and get the total coefficient of the express as a result. And then we multiply it by the size of the bet made. To understand how to calculate the winnings in such a bet, consider an example with an express of three events.
1) Cf. events 1 x Cf. events 2 x Cf. events 3 = Total Express coefficient
2) The coefficient of the express x The amount of the bet = Winnings from the express
For example, we want to bet that the teams will win their next matches. But the coefficient for each of the wins is low and not very attractive for betting. Then we can combine three matches into one express: the victory of “Team 1” – 1.30, the victory of “Team 2” – 1.23, the victory of “Team 3” – 1.65.
The total coefficient of such an express is 2.63. If we bet $ 10, and each of the selected teams really wins, we will receive a payout of $ 26.3 from the bookmaker (10 x 2.63 = 26.3). But if at least one of the bets loses, there will be no winnings at all.
Recall that in all these examples, the amount of the payout that we are entitled to in case of a win is considered. And the net gain from the bet is obtained when we subtract the bet amount from the amount received (after all, we had it in our pocket before).
What is BC margin?
Margin is usually called the commission that bookmakers take from each bet. It may be in the region of 2-3%, and may exceed 25%. Practice shows that the wider the event is painted, the higher the commission is, since it is difficult for players to navigate a huge variety of options. Some bookmakers offer up to 300-500 bets per event.
Betting odds directly depend on the margin. The higher the commission, the lower the coefficients are, and this applies to absolutely all outcomes. The margin is initially embedded in the probability of outcomes in the BC line. For example, the totalizator takes a margin of 10%. This means that the bookmaker gives 110% in advance for mutually exclusive outcomes, which is already considered cheating. Thus, the office in any case receives 10% of the profit from each forecast, and the player loses 10% of the potential income.
To calculate the margin, you must first find out the probability that bookmakers give to each opposite outcome. To do this, you need to divide the unit by the outcome coefficient. As soon as the probabilities of all outcomes are known, taking into account the margin, they should be summed up, and then one should be subtracted from the result and multiplied by 100%. The margin calculation formula for 2 outcomes is as follows:
For example, we can take the outcomes of TB(3.5) and TM(3.5) with the corresponding coefficients – 1.50 and 2.07. The margin in this case will be equal to: (1 / 1.50 + 1 / 2.07 — 1) x 100 = 14%. Consequently, the office on average underestimates the coefficients by 14%, so that the player loses 14% of the possible income.
The difference between the coefficients
When calculating independently, the player receives either pure coefficients, or as close to them as possible. Naturally, the results of calculations depend on the competence of the forecaster. First, he needs to carefully analyze statistics, news, the presence of injuries and other factors affecting the balance of forces in the upcoming event. It is only on the basis of the pre-match alignment that it is possible to calculate the probability of outcomes in percentage terms with a certain degree of confidence.
Novice forecasters traditionally give 50-60% to the favorite, about 30-40% to the draw, and the rest to the outsider, but such values will not allow calculating real coefficients. Very rarely in sports there are “round probabilities” like 60 to 40 or 50-30-20.
Experts advise when analyzing the event to gradually charge interest to one of the parties. At first, the odds should be equal, but then the study of factors begins: teamwork of the team, the presence of injured and disqualified players, the form of the leaders, the competence of the coach, motivation, weather conditions, etc. All this is further supported by statistical data. The result should be something like: P1 – 48%, X – 33, P2 – 19%.
The problem is that it is often difficult for players to find the appropriate coefficients in the lines of different bookmakers. Today they take a solid margin – at least 10%. For this reason, players need to be prepared for low quotes.
If the margin of the office is 10%, then these percentages are divided accordingly and added to the probability of each outcome. If the real chances of winning the hosts and guests will be 50-50%, then taking into account the margin – 55 to 55%, and this has a negative effect on the coefficients. With a probability of 50%, the coefficient will be 2.00, and 55% give 1.82 – a solid disadvantage of potential profit from a large bet.
What are implied odds calculator?
The ideal solution according to the specified parameters is calculated using an automated calculator according to a compiled formula, which saves time and allows you to react in time, assess risks.
Fork Calculator
Fork calculator – determining the volume of profitability of the arbitration situation as a whole, displaying the size of the profitability of each individual leverage based on the results of the initially entered parameters. As the basis of the calculation, the calculated coefficients of both outcome options are set, indicating the total cost of the bet. The result will be presented in percentage terms of profit and total absolute values with the possibility of switching between several forks for two or three planned outcomes.
Martingale Catch-up Calculator
The Martingale catch–up calculator is a rather risky technique used to cover losing bets. Each losing bet requires an increase in the size of the next one so as to cover the losses of the previous one. This is a geometric progression model for increasing rates, and to calculate it, you will need to enter the amount of the initial investment, the percentage of payments on the option, the maximum length of the unprofitable series.
Kelly Criterion Calculator
The Kelly criterion calculator is a favorite option for many betters, in which the size of the investment is calculated as a percentage of the bettor’s bankroll. The bookmaker’s coefficient plays a major role in the amount of the bet amount. The second element of impact is the probability of the outcome according to the player’s version.
The calculator of valuy bets with a preponderance
The Value betting calculator with a preponderance – Value Betting implies determining the profitability of the outcome, that is, the presence of a preponderance or its absence. The calculation criteria will be two parameters – the bookmaker’s coefficient and the betterer’s score as a percentage. The formula used for the calculation is: KF*B>1.
The ROI calculator
The ROI calculator is the definition of the value of the return on investment (the second name is the deposit return coefficient). It is used both in the implementation of sports betting online and in other areas of financial activity. The calculation result of the calculator will help to analyze the average level of profitability from each bet or the whole strategy.
Even professionals rarely use absolutely all the calculators considered – it all depends on individual needs, way of thinking and activity.
Example of calculation of an ordinary
Single bets (ordinaries) are no less popular because of their simplicity, the absence of the need to use calculation programs and analyze the statistics obtained. Let’s take a simple example of calculating an ordinary. The win is calculated by multiplying the total bet amount by the calculated event coefficient. For example. Bet $ 10, match one, coefficient 2.5. We consider: 10$*2,5=25$
In real life, everything looks like this: bet on team A in a match against team B, and the coefficient is 1.8. We bet $ 20 on 1.8, and if team A wins, the winning amount will be 36$ (20$*1,8=36$).
Practical use of odds payout calculator
Calculations, compilation of analytical data sets in manual mode has long been no one is engaged in (only a calculator). Having chosen one or more bookmakers, free online calculators are used before the actual confirmation of the investment, which helps to determine the personal rules of the upcoming game. To navigate the statistics of games, to get a real forecast, they simply use ready-made information from large companies. There you can also get certain kefs, which, if necessary, can be transformed into the desired format using a coefficient converter and a suitable calculator..