Bet Calculator

The Gambling.com bet calculator is a simple-to-use tool for punters and betting sites alike. When you want to know your winnings, potential returns, or liabilities, this betting calculator does the work for you quickly and accurately.

It is also an essential asset for weighing up cashout offers on multiple bets, such as a Yankee or Lucky 15, where the first two or three selections have been successful. With a few taps on this free bet calculator, you know exactly where you stand and whether the cashout offer is attractive or not.

From singles and doubles through to the more complex multiples, such as a Heinz or Super Goliath, our betting odds calculator has it covered. It is entirely free to use and provides users with instant calculations on their winnings or potential returns.

What is a bet calculator?

A bet calculator makes it simple for everyone to work out their stake and profit for even the most complicated bets in seconds. Gambling.com’s bet calculator offers over 20 bet types, and users can seamlessly switch from seeing the returns on a Yankee to a Lucky 15, for instance, with a single click.

Whether you are searching for a horse bet calculator, a football bet calculator, or any sports bet calculator, this tool does it all. If you are betting online, in a betting shop or even on the course, you can instantly calculate your outlay as well as your potential returns in seconds.

How to Use The Gambling.com Bet Calculator

Our betting calculator is an easy-to-use tool that produces fast results once you know how to use it. 

By following the steps below, punters can learn how to use the bet calculator for whatever betting purpose they wish.

  • Bet Type: Choose the type of bet you require from the drop-down list provided.
  • Odds Format: Depending on individual preferences, this betting odds calculator allows users to choose between traditional fractional odds and the more modern decimal odds. When betting on American sports, the American odds option is available.
  • Currency: Users can switch between currencies, with options for GBP, EUR, and USD.
  • Stake: Enter the stake you require. It can be as low as 00.01. Once the stake has been entered, the total outlay amount of the bet is instantly calculated.
  • Each-Way: If the requirement is for an each-way bet, check the each-way box.
  • Each-Way Terms: Enter the each-way terms from the bookmaker supplying the odds.
  • Rule 4: Should there be a non-runner in the selected bet, check the Rule 4 box and enter the deduction amount in the drop-down menu provided. This function recalculates the bet and automatically updates any winnings.
  • Dead Heat: In the case of a dead heat, or multiple dead heats, check the dead heat box and enter the relevant details.
  • Odds Taken (or SP): To calculate potential winnings or actual returns, enter the sports or horse racing odds taken or the returned starting prices if odds were not taken.
  • Result: Enter the results – Win, Placed, Lose or NR/Void. Your winnings will be instantly updated.

How to Calculate Each-Way Bets With The Free Bet Calculator

Each-way betting is a popular strategy in sports like horse racing, golf, and even football tournaments. 

Each-way bets on betting apps involve your stake being split in half between a win bet and a place bet (such as top three or four, depending on the event). 

If your selection wins, both parts of the bet pay out - the win at the odds taken (or the starting price if no early odds were secured), and the place at a fraction of those odds, typically 1/5 or 1/4 on horse racing betting sites. If the selection does not win but still places, only the place portion of the bet returns a payout.

Check the terms of each-way betting with individual bookmakers, as they can vary, and update the bet calculator accordingly.

To calculate an each-way wager on the free bet calculator, check the each-way box and enter the each-way terms.

What is a Rule 4 Deduction?

Rule 4 deductions are not uncommon, but mainly only apply to horse and greyhound racing. 

If there is a non-runner declared after you have taken an early price on your selection, Rule 4 may apply depending on the price of the runner at the time of withdrawal. Bookmakers display the amount of any deductions in their results service.

Check the Rule 4 box and enter the deduction amount, and the Gambling.com bet calculator will automatically compute the updated returns. 

Dead Heats

Dead heats occasionally occur, and the betting odds calculator can accommodate such outcomes. 

In such circumstances, check the Dead Heat box in the betting calculator and the number of horses, greyhounds or players in a golf tournament, for example, are involved.

Dead heats, involving two runners, mean that half of your wager is a winner and the other half a loser. In the case of a four-way dead heat in golf, for instance, only a quarter of the wager is a winning bet.

Our free bet calculator instantly computes such outcomes and updates returns immediately.

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