Single Calculator: Find Out How Much Your Bet Can Win
If you are new to online sports betting, then you have come to the right place! We have all the knowledge and all the tools you need to bash the bookies, conveniently located all in one place. Betting can be a thrilling and engaging pastime but also a confusing place if you are unaware of what all the lingo means, we can help with that. You’ll soon know the difference between a Goliath and a Union Jack Treble. And even if you are experienced in placing bets, you may still find some handy hints and tips along the way that you may find useful., including using our single calculator!
Simple Betting Slip to Use, New Customer Promotions – BetVictor Try now!
The first tool we have that you will find useful is the one above, and in this section, we will concentrate on using it for single bets. Don’t worry if the very mention of fractions sends your pulse racing and has you sweating, use our easy to follow guide and we’ll have you working out payouts quicker than you can say, Rachel Riley!
What is a Single Bet?
The single bet is by far the simplest bet you’ll ever make, and the process is similar whether you place bets online or use a bookmaker at a course or on the high street. The bookmakers assess how likely an event is to happen or not to happen and will offer odds based on the probability of this. Here in the UK, we are used to seeing odds expressed as fractions and often see them used to explain how likely it is that something will happen. For example, “Boris Johnson is 3/1 to take over the Conservative Party”, “Fulham are 9/1 to gain promotion”.
How do you use the Single Bet Calculator?
Using the single bet calculator is simple. Firstly, as most bookmakers use fractional odds as default lets start with that. On the tool change the odds format from decimal to fractional. As everything is already selected for a single bet, all we need to do is input the stake we plan to place. You then access the dropdown menu and select ‘win’. You can ignore the lose and void options, these are used for multiple bets. Enter the odds the bookmaker is offering and instantly you will see the returns as well as the potential profit. It’s worth remembering that when dealing with fractions, you receive your stake back on top of your returns.
- Insert the stake Enter the total amount of stake you intend to make
- Choose the selections As this is a single bet, enter the odds here
- Calculate the profit The calculator will automatically work out the potential profit
A Practical Example
Hopefully, by now you have had a chance to try out the single calculator, we’ve spoken to the geeks who designed the software, and they assure us that you cannot break it, so feel free to set it difficult tasks. With this in mind, let’s try a real example so you can see the tool in action.
But far from being difficult, this is a simple task and will take just seconds. We’ve chosen some odds from the wonderful sport of boxing.
This time, in the odds format section, let’s leave the option as a decimal. In the stake section, please change the figure to 20.
Change the dropdown box to select win and in the odds box type the figure of 3.44.
It really is that easy, you should see the results that show for a total outlay of £20, we see a return of £68.80, which represents £48.80 profit.
The Pros and Cons of this Calculator
The simple fact is that you are unlikely to use a single returns calculator in the long-term to work out your profit. Using fractions when being quoted market prices is easy to understand for most of us and can be simplified even further into “you put the amount of money on the right of the fraction on with the bookmaker and receive the amount of money on the left as a return from the bookmaker, plus your stake is returned”.
The tool becomes useful if you are being shown prices in decimal and are unfamiliar with how it works. As you saw on our example earlier when using it, I didn’t need to know the maths behind it to use it.
For those who are interested in how the decimal odds system works, it’s not too difficult. Decimals quote the potential return should the bet succeed, and this is shown relative to the stake. For example, if £10 is bet at odds of 2.5, the total returned is £25 (£10 x 2.5) the potential profit is £15 (£10 * 2.50 minus the £10 stake).
|When to use this calculator?||When shouldn’t you use this calculator?|
|When you need accurate results||When a guess will do|
|When unfamiliar with odds format||When in a hurry|
|When you need practice||If you already know the result|
The Best Bonus to Use!
The single profit calculator is so simple and the wager is the most widely used and the easiest of bets to understand when sports betting online. As they are the most common bets placed, many bookmaker’s promotional offers for customers include free bets that can be used for single betting. While there are not usually many terms and conditions attached to these offers, a common requirement is that your free bet is placed at odds over a certain level. This can and will vary between different bookmakers so please ensure you are aware of restrictions when accepting any promotions.
- Excellent Reputation
- In-play Betting
- Amazing Promotions
Discover all the Other Calculators
You should now have at least a basic understanding of the single betting calculator and its odds, see it wasn’t that scary was it? So now would be a great time to explore some of the other bet types that are available to you. A single bet is a good start, but accumulator bets can unlock returns that can really boost your bankroll. As your winnings are rolled over the potential returns increase very quickly. To demonstrate how quickly, 5 winning £10 bets at 7/1 would return £400, the same winners on a five-fold accumulator would return £ 13,516,800.00. The downside is there is no margin for error, one fails, they all fail. If you want a more forgiving gambling experience, bet types such as ‘Heinz 57’ enable you to cover multiple outcomes in a single bet. You can read about this bet and many others by clicking an option below.
- Main calculator The ultimate betting calculator for all systems and bets
- Double The double is a bet placed on two combined selections
- Treble The treble bet is placed on a combination of three selections
- Trixie The Trixie is a system bet made up of three overall selections
- Accumululator Combine many selections to make an accumulator