How to use the single bet calculator

How to Use the Single Bet Calculator

 

When betting, it is highly-recommended you use a Betting odds calculator to really get a grip on your wagering. Let’s compare the two of the most popular ways to wager: one of the most profitable ways to bet is by using a single bet instead of a parlay. Being that parlays offer huge returns, and you can specifically use a parlay bet calculator to help you figure out what you’ll get, they’re often unreliable and hard to win, so a strong sports bettor with accurate information on the market can expect to win more single bets than they lose.

$

To Win

$0.00

Payout

$0.00

Let’s start from the beginning: before you can decide whether or not a bet is profitable, you need to work out your return. There are plenty of betting odds calculators in the market to aid you in this. To be able to accurately figure out your rate of return, especially for a single bet you want to place, you can use a single bet calculator of the ones offered online. If you’ve never used one before, don’t worry; we’re here to help break down exactly what it is and how to use it.

Betting Odds Calculator: What is a Single Bet Calculator?

The term single bet calculator is self-explanatory: it’s a betting odds calculator that helps you work out your profit from a single bet. Depending on the odds display you’re using, it can be hard to figure out what your rate of return is by just looking at it – especially if you’re not using easy numbers like 10 or 100.

By using a single bet calculator, you can input all the necessary information about your bet and know exactly how much you’ll win if it comes in. What’s even better: they’re really easy to use, and it only takes a couple of uses before you get the hang of it. Then, you’ll be calculating like a pro.

Betting Odds Calculator: Using a Single Bet Calculator

We’re going to go step-by-step on how to use a single bet calculator, so you can work out how much your single bet will win without an issue. There are dozens of free single bet calculators you can use online, and, while they may look different, they all have the same features.

 

    • Is Your Bet an Each-Way Bet? – In sports like horse racing, when you make a bet on a winner, you can decide to make it an “each-way” bet. This means you place two individual bets of an equal amount, one on the horse finishing first place and the other on the horse finishing first or second place. If you select “yes,” you’ll need to add the place odds to the betting odds calculator, as well as the winning odds.

 

    • Show Rule 4? – Rule 4 is a horse racing rule that adjusts the odds of a horse if other runners withdraw from the event. If 5% or more of the horses withdraw, the odds are adjusted to account for the new number of runners. If you placed a bet on a race that has been affected by Rule 4, you’d need to also select the percentage of runners that withdrew from the race.

 

  • Input Your Odds – You next need to input the odds of your bet winning. You can change the odds format in the settings to match the odds you receive from your betting site.
  • Input Your Stake – The last thing you need to do is input your bet amount. This is what the calculator will use when working out your return, so make sure you input the number you’d like to use in your bet.

 

Once all that information is in, click “calculate” and your total return plus total profit will be at the bottom of the screen. It’s that easy!

Tips For Betting Odds Calculators: The Single Bet Calculator

We’ve just seen how easy it is to use a single bet calculator, but there are a few things you need to remember to make sure your calculation is correct. Here are some helpful tips to ensure your single bets are correctly calculated.

 

  • Make Sure Your Odds Match – Don’t try and do the math in your head when looking to convert your odds; that’s what betting odds calculators are for! Make life easier for yourself, and just change the odds format in the settings.

 

  • Check Rule 4 for Horse Races – Always make sure to check the Rule 4 status for any bets on horse races, because if any runners have withdrawn from the race, it will affect your odds, and the calculator will then give you an incorrect result.

 

  • Check the Box if Your Bet Is Each Way – Each way bets are actually two individual bets placed on different outcomes that look like a single bet; if you’ve made an each way bet, make sure you check the box on the calculator.

What Are the Pros and Cons of Single Bet Calculators?

 

While single bet calculators are useful, they do have their drawbacks; let’s take a look at the pros and cons of using them. Remember: it’s your call whether you use any sports bet calculator or not, but it’s recommended you make an informed decision. Read on!

 

Pros

  • They allow you to easily calculate your rate of return and overall profit for a single bet.

 

  • There are options available for each way bets and Rule 4 situations.

 

  • You can change the odds format in the settings.

Cons

  • It takes too long to input information if the bet is easy to calculate (e.g. $100 at 2/1).

 

  • It doesn’t tell you whether the bet is profitable or not.

Why Should You Use a Betting Odds Calculator?

Using a single bet calculator is the most reliable way of working out not only your rate of return, but your overall profit from a single bet as well. While single bets are often the easiest to calculate, it can get tricky when dealing with complex numbers. If you want to ensure your calculations are correct, you should always use a single bet calculator.

FAQs: Single Bet Calculator

What Is a Single Game Bet?

A single game bet is a wager that is placed on one and only one event that is happening. For example, betting on the Blue Jays to beat the Red Sox is a single game bet.

Are Single Bets Better?

Most professional sports bettors use single bets because they have the highest chances of winning. However, if you want a bet with a higher rate of return, even if it doesn’t win as often, you’ll find a parlay bet better suits your needs.

How Is a Single Bet Calculated?

A single bet is calculated by multiplying the initial stake by the odds of the bet. For example, if the odds of a bet are 2.0 and the stake is $100, then you multiply $100 by 2, which gives you a $200 return. It is recommended to use a betting odds calculator.

Are Single Bets Profitable?

Single bets can be profitable, but just because a bet is a single bet, it doesn’t mean it’s automatically profitable. Just like all sports bets, you need to fully research the market to see if the odds you’re given are profitable before you make the bet.

What Is an Each Way Bet?

An each way bet is a bet that consists of two equal parts. The first bet is on your chosen participant winning, and the second bet is on your chosen participant placing (coming 1st or 2nd). If your participant wins, you win both bets, but if they come in second, you only win the second bet.
Follow us on Twitter

Tags: , ,

Was this helpful?