Betting Calculator – Calculate Your Winnings
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How to Use the Bet Calculator
The use of the Bet Calculator was designed to be as easy as possible with quick access to various bet types. Simulating potential wins will help you identify the right betting option with the most benefits for you.
Start using the Bet Calculator following these easy steps:
- Odds Format selection, which lets you choose the odds you will be using in the calculator. There are three main options: American odds, UK Fractional odds and European Decimal odds.
- Bet Type selection, where there is a choice of over 30 betting types available, starting with the single, double and treble bets to more complex bet mixes like trixies, patents, Lucky 15s, Goliath, Super Goliath and so on. Selection of a bet type will put the calculator into the right option, with preselected number of bets.
- Each Way selection, popular option among horse racing bets, where the bet is split in 2: Winning bet and Place bet, where if the selection is a winner, both bets are won, but if the selection comes in 2nd or 3rd (depends on the races), you could still win half of the bet.
- Number of Selections, which lets you select the number of individual betting options. The number of selections is not available for certain types of bets where a predefined number of selections is set by definition.
- Rule 4 selection, popular option among horse racing bets, is the reduction of winnings for a horse you have backed and wins or is placed. They are made when a horse is withdrawn from a race because it becomes easier for the other runners to win.
- Selections: on selection area you can type in the odds for each event. The odds must be in the format selected on step 1 (US, EU, UK odds styles). Depending on the choices of Each Way and Rule 4, you will also be able to include odds or reductions for each event.
- Stake Type selection, where you can choose how would your stake be spread on the bet, with two options here: Stake per Bet or Total Stake
- Stake Value field is where you can type in the stake value to be used in the calculation, which can be either stake per bet or total stake, as selected in previous step
- RESULTS: with all the selections done, the calculator will show the Total Bet Value, Total Return (which includes stake return + profit) and Total Profit
- BONUS: once you have these results, you can play with the selections (step 6) where you can change each individual event from Winner to Dead Heat, Lost or Void to simulate the potential wins with individual bet misses.
Bet Types Explained
Our betting calculator lets you simulate various betting options and find the right strategy for you. With over 30 bet types listed, there may be options you never heard of or can’t remember how these works. Below table lists all bet types with quick betting information and links to individual pages explaining in more details the betting mechanics, strategies and benefits.
|Single||1||1||1 bet on 1 selection|
|Each Way||1||2||2 bets on 1 selection: one to Win and one to Place|
|Double||2||1||1 bet on 2 selections|
|Treble||3||1||1 bet on 3 selections|
|Accumulator||4+||1||1 bet on up to 20 selections|
|Parlay||4+||1||1 bet on up to 20 selections|
|Trixie||3||4||3 doubles, 1 treble|
|Patent||3||7||3 singles, 3 doubles, 1 treble|
|Yankee||4||11||6 doubles, 4 trebles, 1 four-fold accumulator|
|Canadian||5||26||10 doubles, 10 trebles, 5 four-fold, 1 five-fold accumulator|
|Super Yankee||5||26||10 doubles, 10 trebles, 5 four-fold, 1 five-fold accumulator|
|Heinz||6||57||15 doubles, 20 trebles, 15 four-fold, 6 five-fold, 1 six-fold accumulator|
|Super Heinz||7||120||21 doubles, 35 trebles, 35 four-fold, 21 five-fold, 7 six-fold, 1 seven-fold accumulator|
|Goliath||8||247||28 doubles, 56 trebles, 70 four-fold, 56 five-fold, 28 six-fold, 8 seven-fold, 1 eight-fold accumulator|
|Lucky 15||4||15||4 singles, 6 doubles, 4 trebles, 1 four-fold accumulator|
|Lucky 31||5||31||5 singles, 10 doubles, 10 trebles, 5 four-fold, 1 five-fold accumulator|
|Lucky 63||6||63||6 singles, 15 doubles, 20 trebles, 15 four-fold, 6 five-fold, 1 six-fold accumulator|
|Alphabet||6||26||2 patents (selections 1,2,3 and 4,5,6), 1 yankee (selections 2,3,4,5), 1 six-fold accumulator|
|Single Stakes About||2||2||2 bets on 2 selections|
|Double Stakes About||2||2||2 bets on 2 selections|
|Round Robin||3||10||3 doubles, 1 treble, 3 Up-And-Down SSA Pairs|
|Flag||4||23||6 doubles, 4 trebles, 1 four-fold, 6 Up-And-Down SSA Pairs|
|Super Flag||5||46||10 doubles, 10 trebles, 5 four-fold, 1 five-fold, 10 Up-And-Down SSA Pairs|
|Heinz Flag||6||87||15 doubles, 20 trebles, 15 four-fold, 6 five-fold, 1 six-fold 15 Up-And-Down SSA Pairs|
|Super Heinz Flag||7||162||21 doubles, 35 trebles, 35 four-fold, 21 five-fold, 7 six-fold, 1 seven-fold, 21 Up-And-Down SSA Pairs|
|Goliath Flag||8||303||28 doubles, 56 trebles, 70 four-fold, 56 five-fold, 28 six-fold, 8 seven-fold, 1 eight-fold, 28 Up-And-Down SSA Pairs|
|Union Jack Trebles||9||8||8 trebles|
|Union Jack Trixie||9||32||8 trebles, 24 doubles|
|Union Jack Patent||9||56||8 trebles, 24 doubles, 24 singles|
|Union Jack Round Robin||9||80||8 trebles, 24 doubles, 24 Up-And-Down SSA Pairs|
Besides these betting types, we also have several other options covered such as: Each Way bet with Dead Heat, Proposition bet. Among the popular horse racing bets are : Quinella bet, Exacta bet, Trifecta bet, Superfecta bet, Swinger bet, Show bet or Cover bet 2, 3 or 4 Places.
Besides betting calculators for each bet type as listed above, BONUS.WIKI also features several other betting tools and calculators. Below is a list of extra betting tools you will find on our website:
|Betting Calculator||The Betting Calculator offers quick access to calculate and simulate potential wins for various bet types, from Singles, Doubles, Trixies, Accumulators, Lucky 15s, Yankees, Round Robins and many more.|
|Odds Converter Calculator||The Odds Converter Calculator offers the opportunity to convert betting odds between different formats such as American, Decimal, Fractional and even Implied Probabilities.|
|Sure Bet Calculator||The Sure Bet Calculator gives users a fast option to calculate stake values for sure betting on up to 10 outcomes. With Sure Betting you will win an exact amount no matter the results.|
|Arbitrage Bet Calculator||The Arbitrage Bet Calculator gives users a fast option to calculate stake values for sure betting on up to 10 outcomes. With Arbitrage Betting you will win an exact amount no matter the results.|
|Dutching Calculator||The Bet Dutching Calculator gives users a fast option to calculate stake values for dutch betting on up to 10 outcomes. With Dutching you will win an exact amount no matter the results.|
|Hedging Calculator||The Bet Hedging Calculator gives users a fast option to calculate stake values for sure betting on up to 10 outcomes. With Hedging you will win an exact amount no matter the results.|
|Value Bet Calculator||The Value Bet Calculator gives users the option to identify value bets based on probabilities versus bookmaker odds.|
|Vig / No Vig Calculator||The Vig / No Vig Calculator gives users the option to calculate the bookmaker vig / hold along with fair betting odds based on probabilities.|