Our single bet calculator is going to make your life a whole lot easier. Working out how much your bet will return, can be complicated if it involves big odds. With our bet calculator single wagers are no bother at all to calculate. Check out our free bet calculator below and read on to find out exactly how it works.
What is a Single Bet Calculator
Also called a straight bet, singles are the most popular bet type with the bookies. If you’ve never used this type of device before, you might be wondering exactly what it is. A single bet return calculator will work out how much your single bet will return and how much profit you could make when using top betting sites, online bookmakers and their sportsbooks.
Some single bets are pretty easy to work out in your head, so you may be wondering why there’s a need. It’s easy to forget how confusing odds can be for some people when they first start betting, especially fractional odds. A single bet calculator allows a newcomer to the world of betting, to quickly get up to speed with how odds work.
Then there are big prices where it’s simply quite difficult for punters and bettors to work out the return, particularly if the stake isn’t a nice round figure. Rule 4 in a horse race is another factor that can add some complexity to a wager, creating the need for a single bet calculator.
Some people are simply not very good at maths and are far more confident working out sums with a calculator. Whatever the reason, our bet single calculator will work out your returns quickly and easily.
How to Use Single Sports Bet Calculator
In this section we’re going to show you how to use the single bet calculator. It’s a simple process entering bet details. We’re sure that you could probably work it out for yourself quickly enough, but we’d hate to see you make a mistake. Here’s our step-by-step guide to using our single bet returns calculator.
- If you look at the very top of the calculator there is a range of tabs which can be used to select different functions. We need the calculator to be set to the button marked ‘Single & Each Way’.
- Once that’s done it’s time to enter the stake, which you do in the box positioned in the top left side of the odds calculator.
- To the right of that box is a drop down menu from which you can choose the betting odds format. Select between fractions, decimal odds or American odds.
- Below those two boxes is a tab to select whether the bet is each way or not, with a yes or no option. It should be pre-selected as ‘no’ already, but if it’s not, choose this option, as we are looking to select the single bet calculator function.
- In the bar below you have to enter the odds. Remember that the odds must be in the same format as you have previously selected.
- Now it’s time to select the result of your bet. Below the odds bar is a drop down menu where you can select a Rule 4 ruling if you were betting on a horse race and that was the case. To the right is the result drop down, where for a single bet you can select won, dead heat, lost, or void as options.
- Finally, it’s time to work out the bet. Click on the black button marked ‘Calculate’, which will then show you the total stake, total return and total profit in the results section at the bottom of the single bet calculator.
Using the Each Way Single Bet Calculator
As you’ve seen from our step-by-step guide above, there is also a single each way bet calculator function. This allows you to quickly work out the returns from each way single bets.
An each way bet has two parts. The first bet is the win single. Then there is a place bet. If your pick places, it will be played out at a fraction of your odds. This can be a lot more complicated to work out than a single bet, but the each way single bet calculator makes it simple. It’s a different bet in that your unit stake doubles. A winning bet pays out if the selection wins or places. The size of potential returns depend on that.
Using the calculator to work out each way bets is very similar to how it’s used to calculate regular single bets. Start off by making sure the calculator is set to the single and each way function. Enter the stake and odds format, before clicking on ‘Yes’ in the each way section.
This will make a drop down menu appear to the right, where you can add the place terms of the bet. Then you just add the odds, Rule 4 details if any and the result, with ‘placed’ now being one of the options. Click on ‘Calculate’ on the single each way bet calculator to reveal your results.
Other Popular Wagers with Our Bet Calculator
With our bet calculator single bets are easy to work out and you’ve also seen how each way bets can be calculated. The single bet calculator also has the capacity to work out some other types of bet, which are listed below.