Enter your stake and odds 4 games (equalling 15 bets - 4 singles, 6 doubles, 4 trebles, and 1 quadruple) and calculate your potential winnings. Launch Lucky 15 Calculator Accumulator Calculator.
The Free Bet Calculator is the most advanced online sports bet calculator, allowing you to calculate the stake and profit for an extensive range of bets. All of the most popular bet types are supported, including Lucky 15, Single, Double, Accumulator, Patent and Round Robin, along with more specialised bets such as Alphabet, Magnificent 7, Union Jack, and the infamous Bookies Nightmare! Configurable bonuses and consolations can be applied to relevant bets, enabling the calculation of the full expected return.
Free Football Bet Calculator
Large Accumulators and perms consisting of up to 20 selections are possible, with full support for each way bets (including equally divided), and bets affected by Rule 4, dead heats and joint favourites.
The Football Odds Calculator is a free tool to estimate fair odds for soccer bets. Method of calculation: Mathematical football predictions are based on 1x2 odds. We analyse 1x2 closing odds from the past and can predict expected and fair odds. If you want to bet on Golovkin to win the fight (8/13 odds), calculate your winnings by multiplying your wager by the quotient of 8 ÷ 13 (0.615). If you bet $10, your winnings would be $6.15 (10 x 0.615). In this case, you'll receive $16.15 back ($10 bet.
As well as calculating the return on your winning bets, the bet calculator can be used before you place your bet, to quickly compare how the return may be affected by different outcomes for each selection. For example, can you still make a profit if only two of your Lucky 15 selections win?
If you're not sure which bet type to pick you can Compare Bet Types. This is an especially powerful tool when used in conjunction with the Maximum Total Stake setting, to equalise the stakes and ensure you stay within your spending limit.
Although the Free Bet Calculator is quick and easy to use, even for complex bets, contextual help is available via the information buttons . New visitors may also find the detailed Betting Glossary and Help pages useful.
Lots of people that are betting on football underestimate the importance of the odds they're getting. They understand the main concept of how much will they win with their wagers, but don't go deep enough and it is one of the main reasons they are losing money in the long run with their football betting. This guide in or series of how to bet on football covers finding value in football bets.
You have to learn to look at the odds as possibilities and pick your bets based on a complex approach that includes a variety of factors. In order to do that, you need to learn how the bookmakers work first. That's the purpose of this article – to show you the whole process behind football betting odds and give you some tips how to take advantage of the positive value that sometimes occurs.
Of course, the process is not exactly the same with each and every bookmaker out there, but the main principles remain similar.
First Step: Data Analysis
It all starts with analyzing all the possible information out there. The sportsbooks have a bunch of odds compilers and traders who are getting paid to do that. They have the best possible tools and formulas as well which allows them to evaluate the probabilities for each game from a statistical point of view.
Previous results, recent shape, injuries and suspensions, pretty much every significant factor is included to reach the initial evaluation of each game. It's safe to say that the bookmakers are really good at it, especially when it comes to the most popular football leagues such as the English Premier League, the Spanish La Liga, the German Bundesliga, the Italian Serie A, the Champions League. They attract so much money, that the operators don't hesitate to invest lots of money and effort to be as close as perfect as possible.
Cash Projections
After the probabilities of each outcome of the football match are determined, it's time to get to the next step: changing the odds to include the cash projections. The sportsbooks have algorithms based on previous experience that help them predict with a decent success how much money will be placed on each outcome.
This is extremely important since they need to keep a certain balance on each football match. If the money isn't spread in the correct proportions, they risk losing a fortune and depend on luck way too much. As you could expect, the sportsbooks don't like losing and don't like risks.
This is why including the cash flow projections helps them attract money to certain outcomes that usually would see fewer bets if the initial probabilities are the only factor behind the odds. The best examples are the home games of widely popular teams. Let's take Barcelona or Real Madrid for example. Most people usually bet on them winning and this is one of the main reasons the odds are extremely low and almost never contain value.
The Margin/Juice
At this point, the bookmakers already have a precise idea what to expect from the game and they also know approximately how much money to expect. This allowed them to compile the odds for each market, but they still need to ensure they will be winning in the long run. If they give fair odds, they will be around the break-even point and we all know that's not the case. Loosest slots in las vegas.
This is where the so-called margin or juice comes in. Simply put, the bookmakers gain an advantage by giving overall odds that are a bit lower that they should. If we take a look at a random two-way football betting market like Over/Under 2.5 goals, for example, we could see that placing proportionate wagers won't bring your money back in full.
Let's say both outcomes are with the same probability and there is a 50% chance for each. Fair odds would be 2.00 for both and if you bet 10$ on over and the same on under, you will get 20$ back, no matter what happens. In reality, the prices would probably be about 1.93 and the difference is the bookmaker's margin.
The percentage varies in each operator and depends on lots of factors. Brick-and-mortar sportsbooks usually have a higher one since they pay bigger taxes, while it's rather low online. The best bookies on the web have about 3-5% margin on most of their football markets.
Why Do the Odds Change?
The process is now finished and the bookmakers have the odds ready and launch them on their platform. But that's not the end, as we've all seen the prices change before the match starts and the driving factors behind it are usually similar:
- Objective change in circumstances: this could be an injury, a suspension, any other change that might affect the performance of both times and influence the possible outcome of the game;
- Cash flows: the initial cash projections are accurate, but to an extent. Sometimes the expectations differ from reality and the bookmakers have to adjust.
Where Does Value Come from?
We've explained how the system works and now it is time to take a look how could we take advantage of this knowledge. There are two main ways that value can occur:
Wrong Initial Evaluation
The bookmakers are sometimes wrong in their initial evaluation of the game. That happens rarely, but it happens nonetheless. Despite all of their data and tools available, the sportsbooks are not always perfect. Especially when it comes to minor leagues that don't attract so many customers. Using all of their powers would mean lots of costs and this is where you can take advantage.
If you know a minor league really well and have some good sources of information, you could beat the bookies. The best examples are fixed games, earlier knowledge of injuries, connections in a certain club and so on.
There's another way to beat the bookies, but it's much harder. You have to be very good with numbers and find a way to process data better than them. To be honest, this one's really hard and most people would fail. Unless you are a math magician, you'll hardly succeed with such an approach.
Bet On Football Games
Beat the Crowd
Lots of people that are betting on football underestimate the importance of the odds they're getting. They understand the main concept of how much will they win with their wagers, but don't go deep enough and it is one of the main reasons they are losing money in the long run with their football betting. This guide in or series of how to bet on football covers finding value in football bets.
You have to learn to look at the odds as possibilities and pick your bets based on a complex approach that includes a variety of factors. In order to do that, you need to learn how the bookmakers work first. That's the purpose of this article – to show you the whole process behind football betting odds and give you some tips how to take advantage of the positive value that sometimes occurs.
Of course, the process is not exactly the same with each and every bookmaker out there, but the main principles remain similar.
First Step: Data Analysis
It all starts with analyzing all the possible information out there. The sportsbooks have a bunch of odds compilers and traders who are getting paid to do that. They have the best possible tools and formulas as well which allows them to evaluate the probabilities for each game from a statistical point of view.
Previous results, recent shape, injuries and suspensions, pretty much every significant factor is included to reach the initial evaluation of each game. It's safe to say that the bookmakers are really good at it, especially when it comes to the most popular football leagues such as the English Premier League, the Spanish La Liga, the German Bundesliga, the Italian Serie A, the Champions League. They attract so much money, that the operators don't hesitate to invest lots of money and effort to be as close as perfect as possible.
Cash Projections
After the probabilities of each outcome of the football match are determined, it's time to get to the next step: changing the odds to include the cash projections. The sportsbooks have algorithms based on previous experience that help them predict with a decent success how much money will be placed on each outcome.
This is extremely important since they need to keep a certain balance on each football match. If the money isn't spread in the correct proportions, they risk losing a fortune and depend on luck way too much. As you could expect, the sportsbooks don't like losing and don't like risks.
This is why including the cash flow projections helps them attract money to certain outcomes that usually would see fewer bets if the initial probabilities are the only factor behind the odds. The best examples are the home games of widely popular teams. Let's take Barcelona or Real Madrid for example. Most people usually bet on them winning and this is one of the main reasons the odds are extremely low and almost never contain value.
The Margin/Juice
At this point, the bookmakers already have a precise idea what to expect from the game and they also know approximately how much money to expect. This allowed them to compile the odds for each market, but they still need to ensure they will be winning in the long run. If they give fair odds, they will be around the break-even point and we all know that's not the case. Loosest slots in las vegas.
This is where the so-called margin or juice comes in. Simply put, the bookmakers gain an advantage by giving overall odds that are a bit lower that they should. If we take a look at a random two-way football betting market like Over/Under 2.5 goals, for example, we could see that placing proportionate wagers won't bring your money back in full.
Let's say both outcomes are with the same probability and there is a 50% chance for each. Fair odds would be 2.00 for both and if you bet 10$ on over and the same on under, you will get 20$ back, no matter what happens. In reality, the prices would probably be about 1.93 and the difference is the bookmaker's margin.
The percentage varies in each operator and depends on lots of factors. Brick-and-mortar sportsbooks usually have a higher one since they pay bigger taxes, while it's rather low online. The best bookies on the web have about 3-5% margin on most of their football markets.
Why Do the Odds Change?
The process is now finished and the bookmakers have the odds ready and launch them on their platform. But that's not the end, as we've all seen the prices change before the match starts and the driving factors behind it are usually similar:
- Objective change in circumstances: this could be an injury, a suspension, any other change that might affect the performance of both times and influence the possible outcome of the game;
- Cash flows: the initial cash projections are accurate, but to an extent. Sometimes the expectations differ from reality and the bookmakers have to adjust.
Where Does Value Come from?
We've explained how the system works and now it is time to take a look how could we take advantage of this knowledge. There are two main ways that value can occur:
Wrong Initial Evaluation
The bookmakers are sometimes wrong in their initial evaluation of the game. That happens rarely, but it happens nonetheless. Despite all of their data and tools available, the sportsbooks are not always perfect. Especially when it comes to minor leagues that don't attract so many customers. Using all of their powers would mean lots of costs and this is where you can take advantage.
If you know a minor league really well and have some good sources of information, you could beat the bookies. The best examples are fixed games, earlier knowledge of injuries, connections in a certain club and so on.
There's another way to beat the bookies, but it's much harder. You have to be very good with numbers and find a way to process data better than them. To be honest, this one's really hard and most people would fail. Unless you are a math magician, you'll hardly succeed with such an approach.
Bet On Football Games
Beat the Crowd
Since we know how important cash flow is and how it affects the odds, this is the other way to find value. In popular leagues, the money placed could sometimes skew the prices to a point where there is money to be made. When millions go in one direction, the bookies adjust and you could find some good betting options.
This is the much easier and much more efficient way to find bets with positive expectations. Most punters are not well-prepared and you can get the better of them in the long run.
Conclusion
As you can see, the whole process behind the odds is complicated and finding good bets is not easy. It requires a lot of effort, experience and a complex skill set. We encourage you to not limit yourself and try combining different approaches for the best results, especially when you've got a sign up bonus to use. Even the slightest edge might be the difference between a winner and a loser at the end of the day.
