Last Updated on 09/23/2022
Fact checked by: Mike Goodpaster
Tired of crunching numbers and speculating on outcomes? The top betting calculators will put your mind at ease. With these betting calculators at your disposal, you’ll be able to focus on what you love – betting!
At TheGruelingTruth.com, we bring you the latest guide to figuring out what’s what in terms of online betting calculators. There’s simply no need for you to feel lost at sea ever again. Get on top of the numbers and enhance your understanding today!
Keeping track of possible betting outcomes on your own can be rather tricky. At times, near-impossible. In this day and age, there are a handful of different calculators that you’ll be able to utilize online. This makes your life a lot easier as you attempt to calculate these different outcomes that you may potentially encounter.
Whether you are completely new to online betting or have been applying your skills and knowledge for some time, the top betting calculators will always come in handy. From calculating simple odds and potential payouts to how much you should be hedging, there’s a world of possibility out there. Paramount to your understanding of how, and what, to bet can be derived from these online betting calculators. So, we advise you to keep reading in an effort to master these top betting calculators and in doing so, equip yourself with the insights needed to make bets with precision and accuracy.
There are a myriad of online calculators on the internet. You’ll come across those that allow you to calculate a wide array of different equations. With the increase in innovation currently being witnessed across online betting sites, we now have to hand, a myriad of great new tools. These tools are geared towards betting and will enable you to enhance your experience. Betting calculators are specifically designed to provide you with accurate overviews of different aspects that make up a betting equation. For instance, betting odds calculators and parlay calculators will highlight all the figures that you will need to account for or that are of interest to you.
As the online betting scene continues to push innovation in various departments, it’s no wonder that the top betting calculators are in such high demand. We urge you to get to grips with all the most popular ones so that you know which calculator to consult in any given betting situation. You’ll find that you can streamline your betting process and ensure that you have all of your bases covered.
There are quite a few different online betting calculators that you can access today. Of course, it’s paramount that you actually make use of the correct one given what you are required to calculate. As such, we have provided you with a summary of the most popular calculators used for online betting so that you are never in doubt!
Simply put, a betting odds calculator – or betting odds converter – is the most common and will help you quickly calculate the potential payout given the amount of the wager and the odds. You’ll be able to change the settings whereby you enter odds in different formats, i.e. decimal, fractional, or American.
An odds value calculator will provide you with information on how valuable a given bet is. You have to enter the odds and chances of the bet playing out. You can then identify exactly how much value the given bet has and whether it is worth it. Keep in mind that figuring out the probability of a bet occurring requires additional calculations.
This calculator is a great way to spot value bets as you can convert a given spread to the relevant moneyline. You can then compare these and assess which moneylines are undervalued – allowing you to capitalize on this discrepancy before sportsbooks take note and balance the scales.
Another popular calculator, a parlay calculator is multi-functional as there are more outcomes to consider. You’ll be required to use this calculator much like a standard betting odds calculator. However, you need to enter the amount and odds for each selection that makes up your parlay bet. You’ll then be able to see exactly how much you stand to receive as a potential payout.
This type of calculation will enable you to ‘hedge’ your bets. With a hedging calculator, you have the option of being able to input the amount you are planning on staking, the underlying odds of your bet, as well as odds of the hedge bet. The calculator will tell you precisely what you should be betting on, in order to reduce losses or ensure a return on your bet.
As the name suggests, a hold calculator allows you to calculate the percentage that a sportsbook ‘holds’ or keeps for itself on every bet. Using this calculator will enable you to calculate which bets provide more value to you as you can tell when the hold is relatively low. Higher hold percentages simply mean you’re going to lose out over the medium -to long-term.
If you have bet on horses before, you’ll be familiar with a trifecta bet where you bet on who will finish in the top three places of a race. Now, calculating the stake amount, the actual return, and profit off of a tricast bet isn’t something you’ll want to be doing in your head. A tricast calculator will allow you to calculate the figures pertaining to these three factors.
As is the case in the online betting industry, there are simply so many different options at hand. Whether you are looking into which betting site to sign up with, which bonus to claim, or which betting calculator to put to use, it might be somewhat overwhelming. At times, there’s just too much going on to make heads or tails of it all. Having said this though, you’ll never have to feel like you have to go it alone. At TheGruelingTruth.com, we aim to bring you the best recommendations so that you can dive in headfirst with peace of mind.
We recommend that you consider using BetMGM as you start out your online betting experience. It’s one of the most established operators in the US and you’ll manage to pick up fantastic odds on a wide variety of different markets. Plus, you can put the top betting calculators to the test while you are at it. It’s win-win right off the bat.
Now that you are familiar with the different types of calculators, we urge you to take note of our latest tips. This will ensure that you are always putting these calculators to good effect. Keep your wits about you and always double-check that you’re using the right figures and putting the results to good use – such as formulating the right betting strategy.
As you will have come to note, there are several different calculators. The first step to extracting any value from using a betting calculator is by using the correct one for the occasion. If you want to find out what figure sportsbooks keep off of every bet, you don’t want to be using a parlay calculator. You’ll be thrown off in an instant. Using the right calculator is paramount to your understanding and potential success.
If you want to know what your potential payout is going to be, you’ll need to enter the amount you plan on wagering as well as the relevant odds of the bet. Of course, you need to make sure that you enter the same figures that you plan on applying when betting. If you mix up the wager amount, your payout will be distorted. If you get the odds wrong, the same thing will happen. Furthermore, it is extremely vital that you get the odds right throughout. Always double-check that the odds on the sportsbook and the odds on your betting calculator are in the same format!
It’s most advisable that you simply make use of TheGruelinTruth.com whenever you are unsure. Plus, we bring you fantastic tools that you can make use of. Utilize the top betting calculators and you’ll find yourself moving yet another step in the right direction. Here, you’ll always find the right tools, features, and resources for any given outcome.
We hope that you have managed to get on top of the latest betting calculators with our in-depth guide. Naturally, we’re always eager to provide you with as much information as possible so that you always have a reference guide for all things related to online betting. We do suggest that you play around with the top betting calculators so that you get the hang of how they work. This will ensure that, when the time comes, you can quickly consult these calculators so that you know all sides to any given equation and potential outcome.
At TheGruelingTruth.com, we hope to bring your attention to the fact that it’s never too late, or early, to learn something new. The online betting industry in the US is extremely exciting but is also constantly evolving. USe our latest guides, tips, and insights to stay on top of all these changes so that you can make the most of your betting opportunities when they come knocking.
You will come to find that it is possible to find betting calculators on various sites on the internet. However, this isn’t to say that every single online site offers calculators that work as well as they should. For this reason, we bring you comprehensive coverage of the top betting calculators right here at TheGruelingTruth.com. Up your knowledge and understand the ins-and-outs of how to calculate potential payouts today.
It’s always a good idea to get a helping hand when you bet online. There are a lot of different scenarios that you need to keep track of. For this reason, it’s always good to put the latest technology to the test. It is vital that you make use of calculators that actually work though. Otherwise, you’ll be led astray. Check-in with TheGruelingTruth.com to find out more.
Whether you wish to use a betting odds calculator or a parlay calculator, it’s vital that you know how to use it. If you don’t, you’ll simply end up inputting the incorrect data and find yourself consulting the wrong numbers. All of which will end in major confusion. Fortunately, using these online calculators has never been easier than with TheGruelingTruth.com. Read our guide to find out more.
It’s vital that you ensure that the online calculators you wish to use for betting are reliable and fully functional. There is every possibility that you find yourself using a website that has not taken the care to implement accurate calculators on their site. To avoid all of this, we highly recommend that you check in with us at TheGruelingTruth.com. You’ll be sure to find exactly what you are looking for.
At TheGruelingTruth.com, we feel that you should always have the option of being able to use betting resources, features, and online tools without having to pay for it. For this reason, we urge you to read our latest guide to betting odds calculators and an array of additional calculators fit for purpose. Make sure that you know where to find free and useful betting calculators online.