Football betting calculators are now the #1 tool used by fans of the sport.
These days, football betting is serious business. Sure, the entertainment value is still important. But a typical fan is now focused on maximising value, building profitable “accas”, and squeezing the most juice possible from all the different bookies, such as Betfred, Sky Bet, and William Hill.
One of the ways they go about doing this is by using football betting calculators. If you didn’t know already, this is a special type of calculator that’s become a go-to essential in the world of football betting. Whether you speak to an experienced football bettor or someone who casually bets on Premier League games every once in a while, they’ll probably tell you the same thing: they use a calculator to help them place their bets.
So, how do football betting calculators work? And are they actually a game-changer when it comes to transforming how you place bets? All of this is discussed right here.
How Do Football Betting Calculators Work?
Football betting calculators are simple: enter the odds, select how much you’d like to bet, and discover the profit margin. You can do this for single bets, each-ways, accumulators, and pretty much every other type of football bet.
For example, let’s say you’re in the mood to place a future bet on who you think will win the 2024-25 Premier League campaign. After looking at the odds, you see that Liverpool are 2/9 to win the title with most low minimum deposit betting sites listed on the BettingTools site. You then take these odds, put them into the BettingTools calculator, and enter a proposed bet amount of £10.
Doing this would reveal a potential profit of £2.22, which would give you time to decide whether you actually want to go ahead with the bet or if the profit margin is too low for you.
What’s great about this is that almost all football betting calculators are free to use. Yes, free. All you have to do is practice with them a little bit at first so that you know how to select different bet types, enter odds, and make confident decisions from them.
Benefits of Football Betting Calculators
If a type of tool becomes popular in the gambling world, it’s usually because it’s good. This is certainly the case with betting calculators, which football fans have been using since the mid-2000s. Here are just some of the benefits that come from them:
● Automatically calculate bets (e.g. Premier League accas)
● Save time and effort
● Place smarter bets
● Improve your risk assessment
● Manage your bankroll more effectively
For instance, if you’re someone who has always struggled with risk assessment when betting on football, a football betting odds calculator can simulate “what-if” scenarios. You’ll know exactly how much money you’d stand to win (or lose) based on the bet you’re interested in, which then allows you to assess the risk properly. It could be a 10-leg Premier League acca or a single bet on Manchester City to win away at Brighton — a bet calculator will help you. Plus, using one will prevent you from diving head-first into bets without truly understanding the odds and if the bet itself has any genuine value behind it. Really, it’s a no-brainer.
The Different Types of Bet Calculators
When it comes to football betting calculators, there are lots of different types. Some come as ‘all-in-one’ calculators, while others are designed for specific purposes. These include:
Single Bet Calculator
A single bet calculator is meant for straightforward bets on single event outcomes. All you have to do is enter the odds and your stake, and the calculator will let you know the returns and profit margin. Simple.
Accumulator (“Acca”) Calculator
An accumulator calculator lets you figure out what the payout would be for any of your proposed accas. If you were planning to build a 5-fold FA Cup acca at the weekend, all you’d need to do is enter the 5 different odds into the calculator and select the amount of money you want to bet. After doing this, the calculator would then tell you the payout you’d receive if all of your accumulator legs won.
Cash Out Calculator
A cash out calculator is great for those nervous moments when you don’t know whether to cash out or not. Let’s say you’ve bet on Inter to beat Monaco in the Champions League, Inter are winning 2-0 at half-time, and your bookie offers you a cash out option to lock in an early profit. In this scenario, you could use a cash out calculator to determine if cashing out makes mathematical sense. In some cases, the calculator will agree, but in others it will tell you the cash out amount is too low and that you should keep the bet active to receive more profit.
Each-Way Calculator
An each-way calculator lets you figure out whether your desired each-way bet is worth it. The calculator will split your bet into two parts (one bet for the selection to win and the other for it to ‘place’) and instantly let you know the odds. An example of this would be if you wanted to place a £5 each-way bet on Arsenal to win the league at 5/1 with 1/4 place terms being a top 4 finish.
Vig Calculator
Did you know that bookmakers take a hidden commission — the “vig” — whenever you place a bet? Usually, it’s between 2% and 5%, although it can vary. So, with a vig calculator, you can quickly figure out what the vig is for your bet and the exact amount of money you’d be taking home. This makes it easy to spot value bets and identity moments where you’re being ripped off by the bookie.
Summary
You’re now up-to-date on how football betting calculators work, the different types of betting calculators, and how you can use them to your advantage. To make life easy for yourself, it’s generally recommended that you bookmark these calculators in your mobile (or web) browser so that you can quickly fire them up whenever you need them. Remember, most sportsbooks don’t provide you with on-site calculators, as it’s against their interests. This is why legions of football fans have now started bringing their own betting calculators to the table — and they’re pulling in some big results for them.
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