Online Betting / Betting Calculators

Betting Calculators: Your Ultimate Resource for Sports Betting

James Leeland
Editor
Fact checked by: Jim Knight
Last Updated on 15.05.2024

Betting calculators have become essential tools for bettors. They assist them with the complex calculations associated with sports gambling and help assess potential winnings across different bet types and markets, providing more precise data which facilitates informed strategic betting decisions.

Below, you will find an introduction to some of the calculators currently available and some practical advice for using them successfully in your own sports betting strategies. From simple win/loss estimations to much more complex calculations for accumulators and system bets, this page is your personal gateway into mastering sports betting by using our vast array of different calculators.

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Compare the best sports betting sites in 2024

1.
4.5/5
Bet365 Review by Jim Knight
Bet365
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Gaming Licence
Virginia (US) Lottery Board
Withdrawal Time
0 – 10 Days
Support Types
Live Chat, Phone, Email Support
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
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At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
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3.8/5
BetMGM Review by James Leeland
BetMGM
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Bet Selection
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Virginia (US) Lottery Board
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0 – 3 Days
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3.8/5
DraftKings Review by James Leeland
DraftKings
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Bet Selection
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Virginia (US) Lottery Board
Withdrawal Time
1 – 5 Days
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Live Chat, Phone, Email Support
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PayPal
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4.
3.8/5
BetRivers.com Review by James Leeland
BetRivers.com
  • Engaging and fun live betting experience
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Copy
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Virginia (US) Lottery Board
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0 Days
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Live Chat, Email Support
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PayNearMe
Bank Transfer
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PayPal
+6
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T&Cs apply, 21+
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3.8/5
FanDuel Review by James Leeland
FanDuel
  • Comprehensive FanDuel TV+ Coverage
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Bet Selection
Basketball, Cycling, Darts, Football, Handball, Horse Racing, Motor Sport, Rugby, Tennis, Ice Hockey, American Football, Baseball, Golf, Cricket, Table Tennis, Boxing, Aussie Rules, Snooker
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Virginia (US) Lottery Board
Withdrawal Time
1 – 10 Days
Support Types
Live Chat, Phone, Email Support
Bet $5 Get $150 in Bonus Bets if your bet wins
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Prepaid Card
PayNearMe
PayPal
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T&Cs apply, 21+
6.
Caesars Review by James Leeland
Caesars
  • Fun and immersive live betting experience
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Bet Selection
Basketball, Cycling, Darts, Football, Hockey, Horse Racing, Motor Sport, Rugby, Tennis, American Football, Baseball, Golf, Cricket, Table Tennis, Boxing, Mixed Martial Arts, Aussie Rules, Snooker
Gaming Licence
Virginia (US) Lottery Board
Withdrawal Time
1 – 5 Days
Support Types
Live Chat, Phone, Email Support
100% up to $1000
E-Check
PayNearMe
PayPal
Bank Transfer
+7
Show More
T&Cs apply, 21+

Sports Betting Calculators as Tools to Enhance Strategy

Betting calculators are advanced digital tools designed to help bettors navigate the complexities of sports betting. These tools automate potential outcomes and payouts, which is particularly useful when odds vary across betting sites, games, or bet types.

Their main aim is to provide clear views into potential winnings or losses and aid more informed decision-making. Whether dealing with simple single bet returns calculations, each-way bet returns calculations or complex accumulator/system bets, these tools handle calculations effortlessly.

Core Benefits of Using Online Calculator Tools

An online betting calculator is an essential tool for anyone who is serious about making informed betting decisions. They combine precision, convenience and strategic insight in ways that are unmatched elsewhere in the betting industry.

Precision in Calculation

Betting calculators take the guesswork out by providing you with exact figures on potential wins or losses based on odds, providing bettors with more confidence when betting multiple bets, complex combinations. By eliminating human error from this process, they give a more precise overview of potential outcomes so you can make more informed decisions.

Time-saving

By making complex sums automatic, betting calculators significantly decrease the time you need to spend doing odds analysis, freeing you up to focus on strategy rather than boring maths. Sports betting can be fast-paced, and odds can change in a matter of seconds, so having an efficient tool that quickly calculates potential returns makes a big difference. On top of this, it lets you explore various betting scenarios without spending your precious free time manually crunching numbers.

Strategic Insight

Using betting calculators gives you a strategic betting insight by simulating various betting scenarios, eventually leading to smarter, calculated bet decisions. By inputting multiple odds and bet amounts into betting calculators, you can view potential returns for various scenarios that allows you to evaluate the risk-reward ratios of potential bets. This makes using calculators one of the best betting strategies when deciding which bets to place and how much to wager. It also helps you compare different sportsbooks to find the best value possible for your bets!

Why Use Our Calculators?

A simple web search will offer you tons of sports betting calculators at several different sites, so why use the ones here? Well, using our calculators as part of your betting strategy comes with three basic but incredibly important benefits:

  1. Absolutely Free: Firstly, they are always free to use. That means you get real value out of using them with nothing lost in return – there’s not a cent paid out of your own pocket for using one of our calculators.
  2. Unlimited Calculations: Secondly, they all offer unlimited usage. This is especially helpful in the heat of the moment when odds change in an instant. Knowing you can rely on these calculators every time and not get blocked from using it due to not logging in or reaching a max daily usage cap is a huge relief.
  3. Super Easy to Use: Finally, they are all exceedingly straightforward to use. Each one includes an easy-to-follow guide for using them correctly, ensuring you don’t make any mistakes inputting your data.

Different Types of Online Betting Calculators

The good news is we have lots of online betting calculators available for sports betting. They range from simple win/lose outcome calculators to more intricate systems for calculating odds across different bet types. Each calculator has a distinct purpose that will improve your strategy when applied in the right way. Check out the types of calculators you can find here:

CalculatorDescription
Arbitrage CalculatorBy inputting the odds of two or more bets from different bookmakers, the calculator instantly reveals the ideal amounts to bet on each outcome to ensure a potential return.
Fair Odds CalculatorGives bettors a better indication of the probability of a bet being successful in a two-way wager.
Kelly Criterion CalculatorUses the Kelly Criterion formula to assist bettors in calculating an optimal bet amount based on their own estimated probability of winning.
Parlay CalculatorSimilar to an accumulator, but more for US sports. Calculates the potential payout for combining multiple bets into one.
ROI CalculatorCalculate the expected profit or loss of your bets.
Hedge Betting CalculatorLets you secure profits or minimise losses before an event concludes by calculating the ideal amount to wager on all potential outcomes.
Moneyline CalculatorDesigned for converting odds into various formats as well as to calculate implied probability of bets succeeding and your potential payout.
Trifecta CalculatorWorks out the number of bets needed for a particular tricast or trifecta.
Spread Betting CalculatorCompare one point spread against an alternate spread to give you the probability of winning as well as fair lines.
Dutching CalculatorSee how much you have to stake on each of your selections to secure a profit.
Half Point CalculatorHelps in examining how different spreads impact the odds.
Yankee Bet CalculatorSimplifies the process of determining potential returns, accounting for the complexity of turning 11 bets on four different selections into one wager.
Accumulator CalculatorLike a parlay calculator but for the UK, it allows bettors to calculate the potential payout for combining multiple bets into one.
Asian Handicap CalculatorHelps you work out your potential returns using Asian Handicap strategies.
Odds CalculatorInput odds to convert into different formats such as American or decimal. It also provides the implied probability of the bet succeeding.

From calculating potential parlay bet payouts and Kelly Criterion bet sizes to understanding each calculator’s inputs and outputs and how best to apply them in their sport of choice, each calculator offers its own set of inputs and outputs, making it even more important for you to understand their purposes. These tools complement our online betting guides and help users make better-informed decisions and build better strategies overall.

Our top-of-the-line bookmakers

1.
Bet365
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  • VIP Club, Loyalty Program
  • Cash Out, Partial Cash Out
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At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
2.
BetMGM
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T&Cs apply, 21+
PayNearMe
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DraftKings
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PayPal
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Discover
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T&Cs apply, 21+
Prepaid Card
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PayPal
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How to Choose the Right Betting Calculators Based on Sport

Most sports lend themselves to using some type of betting calculator or another. Of course, there may be exceptions. A trifecta calculator, for instance, is more popular in horse racing. However, this is changing, and you can see versions for sports such as football and Formula One. More pertinent is the type of bet you’re deploying. There’s also betting bonuses to consider. You may find some bonuses are specific to certain bet types, which could then require a calculator to see their impact on the bet.

Here are some examples of sports that lend themselves to particular betting calculators:

  • Football (Soccer) – Highly unpredictable and diverse in terms of betting markets, football is undoubtedly one of the top sports for betting on today. In terms of markets, you can stick to classic moneylines as well as goals scored. There’s also the stunning selection of in-play options, ranging from the number of fouls committed all the way to touches in the opposition half. With all the variety, an acca calculator is ideal for unique bet combos, especially during a packed league schedule.
  • Horse Racing – Horse racing is the quintessential choice for bettors. Betting on horse racing involves mastering the market depth as well as choosing the right events to bet on. In terms of markets, classic options like winner or place are always good. But you can also branch out to options like a daily double (picking two winners from two consecutive races). A tricast calculator helps manage bets predicting the top three finishes in horse racing.
  • Basketball – With its high-scoring nature and rich amount of statistics and data, basketball is becoming more popular in the betting world each year. Given the dynamic nature of the scores and the many uneven matchups, this is an option that lends itself well to in-play betting or points spreads. For in-play, consider targeting markets like number of rebounds. A points spread calculator is useful for understanding potential winnings against the spread.

Each sport is distinct in terms of its characteristics and variables that could impact the outcome, so using a specific betting calculator for each sport can help make better-informed decisions and manage bets more efficiently.

Is Using Calculators in Sports Betting Right for You?

When you want to significantly enhance your betting strategies and decision-making processes, using a betting calculator can be a critical time-saving option. Each of our calculators offer key insights that might not be obvious straightaway to help you make more informed choices instantly.

  • Simplifies Complex Calculations
  • Helps Manage and Minimise Risk
  • Saves Valuable Time
  • Increases Understanding of Betting Strategies
  • Can Limit Your Own Understanding of the Sport

The benefits of using calculators in sports betting is abundantly clear. Intricate odds and potential outcomes can be a challenge to understand. However, calculators turn these important pieces of data into figures you can quickly understand, empowering you to make more educated decisions. This will transform your betting approach in the long run.

One possible downside, however, is it could limit your ability to assess games analytically. For some, a reliance on calculators can deter their own understanding. That’s why you should balance the use of calculators with personal analysis and intuition to lead to a more well-rounded and productive betting experience.

Final Thoughts on Using Calculators

The role of sports betting calculators in enhancing betting efficiency cannot be overstated. These digital tools simplify betting, allowing users to make well-informed decisions quickly and, perhaps most importantly, efficiently. Using either an odds calculator or a more complex parlay calculator in your betting routine can greatly enhance the experience in various sports.
By including our tools in your routine, you’ll save time while optimising your strategy for greater outcomes. Whatever type of bettor you are, we are likely to have a unique calculator for your strategy, so explore our calculator selection to find the best ones for you!

Don’t miss out on these premier betting bonuses

1.
Bet365
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Play Now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
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BetMGM
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
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T&Cs apply, 21+
PayNearMe
Skrill
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DraftKings
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T&Cs apply, 21+
PayPal
VIP Preferred
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Discover
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BetRivers.com
Second chance bet: Get up to $500 in Bonus Bets
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T&Cs apply, 21+
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Bank Transfer
VIP Preferred
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FanDuel
Bet $5 Get $150 in Bonus Bets if your bet wins
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T&Cs apply, 21+
Prepaid Card
PayNearMe
PayPal
Bank Transfer
+8

Sports Betting Calculators FAQS

📲 Is a betting calculator always free to use?

It depends on the site, but rest assured that our calculators are always free for bettors to use without any additional costs. They’re designed to quickly help bettors understand odds and potential winnings, improving betting experiences from novice gamblers all the way up to experienced professionals alike.

⚽ Do specific sports work better with specific calculators?

Absolutely, different sports can benefit from specific types of calculators due to the unique betting structures and odds for each sport. A parlay calculator, for example, may be especially helpful in games like football and basketball, where multiple bets combine different outcomes or games together. At the same time, horse racing may require a trifecta calculator for accurately working out the number of selections needed.

🎁 What are the main advantages of using a betting calculator?

Betting calculators offer invaluable assistance by offering clear, immediate insight into the potential outcomes of different bets, thus taking away some of the guesswork involved with gambling and forecasting potential winnings more accurately so bettors can make informed decisions on where and when they place their money.

🤔 Can calculators work out the probability of winning a bet?

Yes, calculators can work out mainly two types of probability: the implied and the “true” probability based on the odds given, the latter of which does not factor in the sportsbook’s cut of the profit. However, what calculators cannot guarantee is that your bet will win.

🎯 How accurate is a betting calculator?

Betting calculators owe their accuracy to the precision and information entered by users, including odds that accurately reflect current market prices. These tools aim to produce highly precise calculations by processing the data provided, which in most cases equates to highly accurate results.