It is important for punters to fully understand sports betting terms, which includes a bet calculator. Here is a guide on what bet calculators are and the best of them in South Africa.
What is a Bet Calculator?
A betting odds calculator helps punters determine the potential payouts of their stakes with the correct statistics before placing their bets. The bet calculator allows them to determine their potential winning and implied odds using the sports odds set by the sportsbook and the stake amount. Furthermore, a bet calculator can be used to work out the American, decimal odds and fractional odds format of bets.
Types of Bet Calculators
There are different types of bet calculators that punters should be familiar with when making a sports wager. Here are the best betting calculators to utilise in South Africa;
System Bets Calculator
System Bets Calculator
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System bets calculator is one of the best bet calculators for South Africans, allowing them to wager several bets on one betting slip. The best part of the system bets calculator is that even when all the tips are incorrect, bettors can still win some money. Usually, you can win money as long as two of their three tips are correct.
Moreover, system bets could include 3 to 20 bets on different events, and the type of system bets will determine the minimum number of bets needed to win. Accumulators are usually created for the system bets. There are commonly three accumulators for a 2/3 system bet and six for a 2/4 system bet.
The bettor’s stake is divided equally among the accumulators, and for bettors to win, the sports odds in the accumulators are multiplied by the stake. Winnings are eventually added up from all the accumulators that won.
Trixie Calculator
Trixie Calculator
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The Trixie calculator is based on three selections: four bets, three doubles, and one treble. It allows bettors to earn money from at least two out of three selections that are winners. The higher the number of selection wins, the higher the potential total payout.
Trixie calculators are used for all sporting events, including Football, Greyhounds, and Horse Racing. Staking with this bet calculator multiplies your total stake four times what you placed.
Patent Calculator
Patent Calculator
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For the patent calculator, bettors can include 3 to 8 bets of different events and it creates possible accumulators once the bettor selects the number of events.
The stakes are also divided among the accumulator bets, depending on the number of events. For instance, a bet slip that contains four events will have 1 accumulator with 4 events, 4 accumulators with 3 events, and 6 accumulators with 2 events. There will be 11 accumulators, and the total stake is then divided by 11.
When calculating the winnings, all the combinations will win if all the single bets win. However, all accumulators will lose if only one event wins. For a bet to pay out, one selection must be predicted correctly, meaning two outcomes must win.
Yankee Calculator
Yankee Calculator
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In the Yankee calculator, bettors can select four selections, making up 11 combinations consisting of 6 doubles with two of the selections, 1 fourfold, and 4 trebles with 3 of the selections. Bettors only need to win two of the four selections to payout.
The 11 combinations include:
- 1 Fourfold: 1-2-3-4
- 4 Trebles: 1-2-3, 1-2-4, 1-3-4, 2-3-4
- 6 Doubles: 1-2, 1-3, 1-4, 2-3, 2-4, 3-4
Odds Calculator
Odds/Probability Calculator
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The odds calculator is the simplest of the bet calculators because it helps punters determine their potential wins before they wager on a single bet or multiple bets. It is useful to use a betting odds calculator because it shows American odds, decimal odds, and fractional odds formats, including implied odds and the profit to win from a stake.
Accumulator Calculator
Accumulator Calculator
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The accumulator calculator is a bit different from the rest, containing a minimum of four selections. Two selections are called a “double,” while three are called a “treble.” The main difference of the accumulator calculator is that all selections must win for the bet to be successful.
