Betting Calculator

With the gaming season just around the corner, and the world caught up in a frenzy of football and closer to home, cricket, it is not surprising that the number of hits on the websites offering betting calculators has gone up dramatically.

For the novices, let us start with the absolute basic question of

What is a betting calculator?

Before that let us take a closer look at Sports Betting Systems. Sports betting systems are a collection of actions or happenings that combined for any game for any sport form a profitable betting situation.

Translating into simple English, A mathematical computation of permutations and combinations can actually help predict a possible outcome to any sporting event. It is humanly next to impossible to perform these calculations with accuracy given the enormous number of parameters involved. This is where the ingenuity of technology kicks in. Man developed betting calculators. So, a betting calculator as the very name suggests is a mathematical tool which helps the person placing a bet to make a more informed decision. As is with any event where there is space for human error, so also with betting, the human equation makes it difficult for either the gambler or the house to have an edge. Thus, the mathematical advantage of a system works in favor of the gambler.

A betting calculator is thus a program to quickly calculate amounts to bet on sporting events given the starting prices. One of the leading secrets of successful betting is to consider and evaluate all the odds. A betting Calculator will calculate for a given amount of base units, a set return, a set profit or total outlay. You can evaluate betting on several runners in an event and plan to win a certain amount.

The entire explanation of the various types of betting calculators is too extensive for this article. However, a simple overview to understand better is not without our realm.
Betting calculators can be broadly classified based on betting techniques. Let us take them one at a time.

Accumulator Calculator

As the name suggests, in this bet, the gambler commits each of his winnings on an event into the stake for the next event. Thus, he accumulates his winnings into a larger dividend.
There are many types of accumulator bets varied by the total no of bets involved in completion of the total bet. For example:

Betting Technique explanation

Canadian or Super Yankee A “Canadian” or “Super Yankee” has 26 total bets which are further divided into ten doubles, ten trebles, the five-fold accumulator and five four folds. However, the five single bets are not included.

Double This can be described as a single bet on two horses for example in separate events. Here, Both horses must be win for the punter with the main intent of winning the bet.
“Double Accumulator” A “Double accumulator” is a bet which is made up of 3 different bets for two selections in separate events. Bet mainly consists of two singles along with a double accumulator
Goliath A Goliath accumulator is a bet of 247 bets for 8 selections. The bet is made up of “28 doubles”, “56 trebles”, “70 four-folds”, “56 five-folds”, “28 six-folds”, “8 seven-folds” and the “eight-fold accumulator”. But the 8 single bets are not included.
Heinz A Heinz accumulator is a bet of 57 bets in 6 selections. The bet is made of 15 doubles, 20 trebles, 15 four-folds, 6 five-folds, and the six-fold accumulator. The 6 single bets are not included.
Lucky 15 A Lucky 15 accumulator is a bet consisting of 15 bets of 4 selections. The bet is made up of 4 singles, 6 doubles, 4 trebles, and the fourfold accumulator.
Lucky 31 A Lucky 31 accumulator is a bet of 31 bets in 5 selections. The bet is made up of 5 singles, 10 doubles, 10 trebles, 5 fourfolds, and also the fivefold accumulator
Lucky 63 A Lucky 63 accumulator is a bet of 63 bets of 6 selections. The bet comprises 6 singles, 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and the sixfold accumulator.
Parlay The American term for an Accumulator

Arbitrage calculator

Arbitrage / Arb A simple variation in the odds and calculations can ensure a punter a win by backing all possible events.

Back-and-Lay-Calculator

Back To back is to make a bet on a horse or team in the hope that it will win. Earlier this was the only type of bet allowed. The online betting scenario has however changed that.
Lay To lay a bet is the opposite of back. Here, the punter has the opportunity to bet on the opposite of an outcome.

Dutching calculator

Dutch / Dutching Probably the same as dutching a bill in a restaurant. i.e. to divide the total stake into various bets in the same event.

Each way bet calculator

Each Way A bet placed on any selection involving two bets, one to win and one to be placed (normally top 3 or 4 places, depending on the number of entrants).

Hedging calculator

Hedge / Hedging The safest kind of betting probably. The punter /gambler can place back and lay bets in the same event. Thus ensuring a certain win.

As is obvious, the accumulator is one of the most popular calculators used.

Now however comes the good news. As said earlier, technology has made life simpler, much simpler! A simple google search and one would come up with a 100 brands of calculators, each as always claiming to be better than the other. And the best news…. There are many sites offering these calculators absolutely free.

And so, to quickly sum up it would probably be best to say that, betting need no longer be about following the gut instinct. It has evolved into a science unto itself. So whatever be one’s forte, be it texas hold’em, horse racing, football, cricket, Futsal, grey hound racing, snooker, tennis or even water polo, the gambler/punter can now make a calculated bet using a sophisticated betting calculator.
The new age of betting has arrived!