Betting and working out the potential returns from bets is easier when you have access to calculation tools. These tools are not only time saving devices but they are more accurate than manual calculations. As long as the correct bet details are entered calculation tools will work out the returns and profit. Three main betting calculation tools are good for working out what you will get back from accumulators, dutched bets and matched bets. These tools are ideal for complex horse racing bets.
It’s not hard to work out an accumulator when it’s a win bet and the odds are not complex. An accumulator calculator tool does not speed up the process when the bet includes three horses at 2/1 in a treble. The calculation is 3 x 3 x 3 minus 1 (the stake) so the bet pays 8/1. If the stake is #10 the return is #90 and the profit is #80. A manual calculation is not onerous and can be done in a few seconds. The accumulator calculation tool comes into its own when the calculation is more complex and the odds are fractional and not whole numbers.
Each way bets are settled in line with place terms which depend on the type of race and the number of runners. The place element of an each way bet is worked out at one quarter or one fifth the odds of the win price. An each way accumulator could include horses in races in which both number of places apply. An each treble at 5/2, 11/2 and 10/3 in races that pay out at one fifth, one fifth and one quarter the odds is more difficult to work out and the process is easy with a calculation tool. The tool also deals with dead heats, Rule 4 deductions and place accumulators.
Dutching is a betting strategy of backing two horses or more in one race to guarantee a set target profit if either horse wins. This works so well because in any race you have two or more good horses on your side. A high strike rate can be expected and long losing runs are rare. Obviously if you are backing two horses one will always lose. However, with a clever staking plan there should be a long term profit.
A dutched betting calculator can take the risk out of the strategy and the staking can produce steady profits. Using a calculation tool takes the guesswork out of dutching. If you understand the concept its not too difficult to design a simple spreadsheet. However, the calculation still depends on more input than with a dutching calculator. The tool works out how much to stake on each horse in order to make the same return regardless of which selection wins.
Matched betting calculators work out the staking for matched bets as part of a bookmakers free bet offer. The free bet can be used to guarantee a profit whatever the outcome. The process is to place a back bet with the free bet and place a lay bet to match the bet. The lay price is usually bigger than the back price so the staking is not the same. You can under lay or over lay the matched bet but this will affect the potential profit. A matched betting calculator will work out the stake after taking exchange commission into account.
So there are three useful tools that can be used to simplify the bet calculation process.