BetUK's Betting Calculator

How to use the BetUK betting calculator?

If you're looking to calculate your potential winnings, you won't find an easier way to do so than BetUK's betting calculator, on this page you'll be able to find the full functionality of the calculator while on our specific pages for each bet, you'll only be able to find that bet type. So, if you're someone who isn't quite sure what bet they're going to place, we recommend using this page, if you're somebody who already knows exactly what bet they're going to place, we recommend selecting one of the pages that can be found linked lower down the page. Here is a step-by-step guide on how to use our betting calculator at BetUK.

Step 1: Select the bet type that you wish to calculate from the drop-down menu.

Step 2: Select whether or not your bet is an "Each Way Bet". This will be shown on your betslip and has to be selected by the bettor. Same applies for 'Dead Heat' and 'Rule 4'. If you wish to learn more about these terms, check out our betting guides.

Step 3: Select the correct format for your odds, these will either be Decimal or Fractional, this is a step you must do before inputting any odds.

Step 4: Add your total stake into the calculator

Step 5: Input the odds from your bet slip into the calculator and view your potential winnings. Each odds section will have win, lost, void or placed, select the right outcome for each bet, the placed option will only appear if you have selected an each way bet.

Calculate your winnings with our free UK betting calculator

If you've unlocked a free bet, you'll be able to use it as bonus funds for any bet on-site, once your qualifying bet has settled. (Exceptions may be added in the terms and conditions of the offer) This means that any and all bets made up of free bets can be calculated using our free bet calculator.

What bet types are available in the betting calculator

There are dozens of bet types that can be found at Bet UK, including:

*Anything that is a fourfold or higher can be found under Accumulator Bets.

What sports do customers use bet calculators for?

When you place a standard bet like a single bet, it's likely that you'll be able to work out the betting odds yourself. However, it's when players place a multiple bet such as a trixie or a yankee, which still pay out if one selection loses where players may wish to utilise a betting calculator.

Alternatively, those that are interested in sports betting will tend to use a betting calculator for horse racing betting and the each way betting market. This allows players to find out what they could win at the minimum odds as well as the maximum that will appear in their betslip. When horse racing is combined with complex bets such as multiple bets, that is when a betting calculator could come in incredibly handy when looking to determine a potential payout.

How many selections can I add to the bet calculator?

The biggest accumulator that can be created on Bet UK is a 12-fold accumulator, which means that up to 12 selections can be added, to add more selections, click the add button. We recommend for your first usage, testing out different bet types with four selections to get the hang of the widget. You can input odds at different formats, input your total stake and go through the multiple options available to you. For example, with four selections, you would be able to choose between 4 singles, 2 doubles or 1 four-fold accumulator. Once you've added in additional information such as free bets and your type of bet, your bet returns will be calculated.

What is the formula for calculating a bet?

Depending on the odds format you use, the way a bet is calculated is different. Different odds formats are calculated in different ways, for example, decimal odds at 5.0 show that for every £1 you put on the bet, £5 would be your total return, this means £4 profit. 5/1 is Fractional betting odds and this means that for every £1 you would put on, you would get £5 back.

How are cashed out bets calculated?

The cash out feature in online gambling can be extremely valuable if used correctly. However, this can't be used for just any wager, a sportsbook determines prices on a variety of factors and whether or not something could happen immediately to change the price. For example, when a game is in-play, you will see your cash out odds change by the second, this is due to the position of the ball on the pitch and the likelihood that the next spell of play could alter your bet. Live betting allows sportsbooks to be efficient with the odds they suggest, as live odds give you options for live games, the cash out options will also vary accordingly.

This works differently with outright bets, your cash out value will likely stay the same for a long period, then during a game, it will be suspended. Once the game that was in-play has concluded, then your cash options will re-open, this is due to the fact that outright markets tend to close during a fixture.

Can a betting calculator calculate the implied probability of a bet?

A betting calculator will never give you the precise percentage you have of winning a bet. However, what it will do is help you read the implied probability of betting odds. Enter your odds into a betting calculator and it will automatically give you the payout. Entering £1 as a stake gives you the best idea of how each bet works.

For example, if you input decimal odds of 2.50 into the calculator, it will determine that the implied probability of that bet winning is 40% (1 divided by 2.50). Similarly, if you input fractional odds of 3/1, the calculator will calculate the implied probability as 25% (1 divided by (3+1)).

Can the betting calculator handle complex bet combinations, such as parlays or accumulators?

Absolutely! BetUK has an accumulator set up for every type of bet, so no matter what you're looking to place a bet and then calculate your odds, you'll be able to do so at BetUK.

Can a betting calculator be used for in-play or live betting?

Yes! However, with live betting, please beware that the betting odds will consistently change over the course of a game, if you're live betting on a football game, it is highly likely that in the time it takes you to input your betting odds to the calculator, the odds have changed, so we do not recommend using it while you bet live, more so after you have placed the bet, then you can add the content to our odds calculator with your single bet or multiples bets.

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