Betting Calculators and The Best Sites to Find Them

Punters who are a bit more seasoned than the casual bettor often employ the tools of online betting calculators in order to find out in advance how much money they should expect if they make the right prediction. Bet calculators range from simple to complex, but what they have in common is that all types of calculators employ basic mathematical principles in a completely automated process. Here, you will learn everything you wish to know about sports betting calculators, where to find them, and how they can help you!

What Are They Generally Used For?

After inputting the preferred parameters within the calculator, it will automatically display a total outlay (a number calculated based on the number of bets and their value), the total return money, and the total profit. The aceodds.com calculator is considered to be one of the best ones online because It can process more than 25 different bet types! Additionally, the calculator can process five different market outcomes in three odd formats.

Bet Calculators With “Rule 4”

Rule 4 is a special protocol that is applied by sportsbooks in horse racing markets. That protocol reduces the odds for all other horses if a horse has been taken out of the draft prior to the start of the race. This is done because once a participating horse is taken out, the theoretical percentage for winning for the remaining horses will be increased, which is why the odds will need to be re-adjusted. Aceodds.com provides one of the best calculators that not only feature an almost complete variety of wager types but also includes the “Rule 4” function, allowing punters to get much better results.

Almost Every Calculator Has a Lucky 15 Preset

Lucky 15 is a special multi bet that consists of different selections in individual events. The lucky 15 bet itself consists of 1 fourfold bet, four treble wagers, six double bets, and four single bets. Due to this special selection being highly known, you can calculate a lucky 15 in almost every sportsbook calculator offered out there.

Some Sportsbook Brands Offer Their Own Calculators

Paddy Power is one of the sportsbooks that offer a good betting calculator of their own, at betcalculator.paddypower.com. In function, it is the same as others, but it does feature an easy-to-understand interface. The Paddy Power calculator can process 21 different bet types, in fractional and decimal types. Additional conditions include Rule 4, Each Way, and Dead Heat. The calculator doesn’t require any type of registration or logging into the Paddy Power sportsbook website.

Less Complicated Bets Have Simple Calculators

Actionnetwork.com offers one of the simplest betting calculators available online. It can process two types of bets – singles and parlay. The featured odd formats are American, Fractional, Decimal, and Implied. This simple calculator displays the total won amount and pure profit. Compared to others described in this article, the “actionwork” one is ideal for casual punters who don’t like seeing too much information on their screen.

Betting Lines – What Are They and How do They Work?

In a nutshell, a betting line is an artificial equalization between the odds of a specific market. In many cases, a sporting event will take place where one team is significantly better than the other. In order for the sportsbook to create a competitive advantage for the weaker side in the event (often referred to as the “underdog”), the bookie will grant a handicap points advantage. Wagering on lines is also referred to as “spread or handicap wagering. “

Who Sets the Betting Lines?

As it is the bookies that are the ones facilitating the sports wagering, it comes as no surprise that they are also the ones that set them. It is an all-known fact that bookies don’t like setting betting lines, but it is one of the few possible ways in which they can equalize the odds so as to provide a balanced market for its punters. Although every sportsbook has its own algorithm for the formulation of wagering lines, they observe one another constantly in order to create a better market.

When Do Wagering Lines Come Out?

Although there are cases when bookies release the betting lines a few days before the event itself, they are usually announced on the day the sports event is about to take place. “Same day release” is common with land-based bookies; on the other hand, if an online sportsbook tends to put out betting lines on a specific market, they will do so on the day the odds are made available for wagering.

When Are They Applied?

Handicapping odds can happen only if a sporting event is about to be resolved in a win or lose outcome. Some time ago, even with handicaps being in place, there were situations where the market resulted in a “draw.” Usually, when a betting line results in a draw, the wagers are refunded to punters. In order to eliminate the need for refunding its punters, bookies have started giving a handicap of points with a decimal value – this way, a draw result is going to be avoided.

It would be good to know what represents the betting calculators.

The Most Popular Sports Markets with Betting Lines

Any sport that has to do with gathering points and scores is viable to be handicapped by the bookie; however, it is natural that some have more wagering lines than others. Football, Basketball, Hockey, and Baseball are the sports that are known to offer the most handicapped markets. A good “rule of thumb” is that the bigger the sports league is, the more betting lines there will be.

The Best Bookmakers That Accept PayPal

When it comes to online payment methods, PayPal has been considered to be the company that pioneered “e-wallet banking services.” Although today there are many alternatives, PayPal continues to remain among the most preferred payment methods in the world, especially among punters. Today we will explain why, and also give you valuable information about which sportsbooks support PayPal.

William Hill Is One of the Oldest Bookies in the Industry

With more than half a century of experience, William Hill is considered to be not only one of the most famous bookies in the United Kingdom but also in the world. Currently, the bookie covers 28 sports and has presented a variety of in-play and pre-match betting markets. The most popular sports covered by William Hill are horseracing and football. With so many industry achievements and accolades, it doesn’t come as a surprise that this sportsbook supports PayPal as a payment method and sits on the very top of our list.

Paddy Power Is the Runner Up

Being active for almost twenty years is a sure way to get you noticed by both the industry and the people. Paddy Power has quite the reputation of being one of the largest and most successful bookies in the UK. In addition to supporting PayPal, Paddy Power offers a multitude of sports markets such as American Football, Basketball, Esports, Horse Racing, Golf, and many others. Paddy Power is known to release some interesting betting markets, as it is evident from the “Politics” section. Punters will be able to place their wagers not only on the outcome of elections but also on many novelty markets connected with the political infrastructure of the US and UK governments.

Last but Not Least – 888Sport

The last of the “big three,” 888sport, is also considered to be an industry-leading sportsbook. Offering approximately 24 sports, the most popular ones in 888 are considered to be Football, Horse Racing, Greyhounds, Darts, and Tennis. In addition to supporting PayPal, the bookie is known to work with an incredible variety of other payment methods as well. 888sport is licensed by the United Kingdom Gambling Commission, the Malta Gaming Authority, the Government of Gibraltar, and by many other regulatory administrations.

Bet365 Also Makes the Cut

As another famous sports betting brand, bet365 is renowned for the variety of banking options it supports, as well as the number of markets it offers to its punters. Offering casino services as well, Bet365 has a good standing reputation with its members and the industry in general. The sportsbook provides pre-match and in-play markets for more than 20 sports and is also licensed and regulated by the leading administrations in the industry.

The Best Betting Systems – Sports Betting Strategies That Work

People have been betting on sports since ancient times, and even then, they’ve tried to come up with strategies and tricks in order to maximize their winnings. In our modern times, things aren’t that much different except for the technology we use to place sports wagers. With that being said, it comes as no surprise that many people today try to develop a variety of betting systems meant to statistically put any sports market outcome in their favor. Today we explore the most popular wagering strategies and list their best and worst features.

The Martingale Is Known All Too Well

Extremely popular among beginner casino players, the Martingale is a system that has also been incorporated in a sportsbook setting. It’s a system meant to increase profit and return losses. How the Martingale works is simple – when the punter loses a bet, they will place another one that has two times the value of the one they lost – this way, a punter would be able to break even after losing several times.

While in online casino games, the fixed odds make the implementation of this system a lot faster, people that want to try the Martingale in sports betting will need to watch the odds of the markets. If a follow-up wager must be done to recuperate losses, it must be done on odds that would ensure an expected loss return. While the Martingale system sounds quite appealing, it is limited by both the finite bankroll of a punter, and in some cases, a market wager cap that would prevent from continuous doubling up of losing wagers.

Arbitrage Betting Is Still Controversial

“Arbing,” as it is also called, is considered to be one of the best betting strategies in the sports betting world. It relies on the alertness and “good eye” of punters to detect a specific difference in odds for the same market, in several bookies. The concept of arbitrage betting revolves around placing a wager on all possible outcomes in two (or more) separate online bookie sites. No matter what the market outcome will be, the player walks away with a profit.

The problem with arbing opportunities is that they are hard to find – punters often will spend copious amounts of time in order to research if a specific market will be “arbing-viable.” The act of looking for and exploiting better wagering opportunities is not illegal, but sportsbooks universally detest customers that decide to arb. If you’re interested in trying out the strategy for yourself, make sure to find an arbing calculator that will help you process the amount of money you will need to invest, based on the odds of the market in question. While many people try arbing, the only real downside is that in order to benefit from it, a person would need to invest quite a bit of money.