Mike Goodpaster
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Last Updated on 09/23/2022
Fact checked by: Mark Lewis
Table of Content
- What is a sports betting hold calculator? – What you need to know
- Why you need a sports betting hold calculator – Running the numbers for you
- Why you need to use a sports betting hold calculator – Ensuring fairness
- Top tips for using the calculator for the first time – How to use the sports betting hold calculator
- Other calculators we offer at TheGruelingTruth.com
- Conclusion to using our sports betting hold calculator
- Sports Betting Hold Calculator 2022 FAQ
What is a sports betting hold calculator? – What you need to know
Before we get to what our sports betting hold calculator is and what it can do for you, let’s quickly touch on what the premise of the term “hold” is. When you bet with any of the online sportsbooks in the US, big or small, the sportsbook needs to hold a percentage of the total wager. The bookie needs to earn a commission on wagers on the site, and of course the book owner needs to take home profits as well.
Most bookmakers will take anywhere between 10% and 20% commission off wagers. To give you a very basic example, if you bet $100, the sportsbook will take $1 and the book owner will take about $4. These numbers will vary greatly in terms of the average number of users on the site, wins and losses by players and many other variables.
The premise of sports betting hold calculator
Our sports betting hold calculator works very simply but we’ll explain its function shortly. The idea of our sports betting hold calculator is to make your life easier when you are trying to figure out how much an individual sportsbook is holding per set of odds on a fixture. All you do is enter in each set of odds for the favorite and the underdog and our sports betting hold calculator shows you the percentage that the sportsbook holds on the bet.
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Why you need a sports betting hold calculator – Running the numbers for you
You now know what the term “hold” means and why sportsbooks employ it. You should now be a little more familiar with what our sports betting hold calculator is. With that said, let’s take a look at some of the benefits that our effective tool can do for you.
Finding the best odds
Our sports betting hold calculator online is the best in the business and for good reason. All you have to do is enter in the odds from a certain match you want to bet on, and our sports betting hold calculator online will show you exactly how much hold is being placed on the bet and its outcome. From there, you can quickly discern whether or not the sportsbook is treating its players fairly with some of the odds they are offering on the matches.
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Why you need to use a sports betting hold calculator – Ensuring fairness
While our sports betting hold calculator online is great at determining what hold is being put on your wagers, it serves players in other ways too. Aside from running the numbers for you and saving you time on working out the implied probability yourself, it can also show you what sportsbooks treat their players more fairly.
Know who is treating you fairly
Not every sportsbook in the US was created equally and not all of them will place the same hold percentage on your wagers. As such, it can be difficult to know which of these sportsbooks are giving the fairest deal. Our sports betting hold calculator online can lift the doubt of unknowing by running the numbers of you. From there, you can clearly see which of these online sportsbooks are putting too big of a hold percentage on your wagers and which of these sites are operating more fairly.
Top tips for using the calculator for the first time – How to use the sports betting hold calculator
Before we wrap up our guide, let’s take a closer look at a few handy tips for you to keep in mind when using our sports betting hold calculator:
Other calculators we offer at TheGruelingTruth.com
We are by no means a one-trick pony here at TheGruelingTruth.com. Our team has put together plenty of the best sports betting calculators that you are ever likely to find. From tricast bet calculators to simply figuring out what bookmakers are giving you the most value odds with our sports betting odds calculator, we have got you covered with our extensive range of tools.
Conclusion to using our sports betting hold calculator
That brings our guide to an end. You should now have a decent idea about how our sports betting hold calculator works and how you can go about effectively using it. We can give you all the tips in the world on how to use all the sports betting calculators on our site but at the end of the day, it’s going to take some practice to really get the hang of it. Don’t be afraid to play around with our calculator, remember that it is free. From there, you will be picking out value bets in no time.
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Sports Betting Hold Calculator 2022 FAQ
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