Betting Odds Calculators

Before placing any bet, no matter what type of bet or what selection it is being placed on, there will be odds which define how likely the bookmaker thinks the event will happen or become true. Basically, the odds showcase how probable the event is, with higher odds displaying that the event is less likely to happen. Here at OddsMonkey, we have created a betting odds calculator that can help players develop a better standard of odds and how they work, what they return, and how much profit can be made if the bet is successful.

What Are Betting Odds Calculators?

The betting odds calculator can ensure that players fully understand what odds mean and how they can impact their different bets. This calculator is made with the sole purpose of understanding odds and how they work. The betting odds calculator is very similar to the single bet calculator, as both of these calculators utilise a single selection and not multiple betting odds. 

Now, OddsMonkey is the home of loads of different tools that cover different bases for online betting, from matched betting tools to our accumulator calculator. There are tools across the entire OddsMonkey site that can be used by any bettors, from novices to experienced players.

How To Use Betting Odds Calculators

The betting odds calculators at OddsMonkey have simplicity at the heart of their designs, with all of the calculators turning complex mathematical issues into uncomplicated solutions. With some calculators looking more daunting than the others, they all share the same core fundamentals such as stake, odds and results. Make sure to check how many selections will be placed on your bet. Some betting calculators will multiply your stake as more selections need to be placed, such as the Lucky 15 bet calculator.

Bettors can then enter the odds that they have found from the bookmaker, which can be changed into different formats, such as fractional or decimal odds, to suit whatever style chosen. Players can then calculate the total return and profit if the selection or selections have won. Make sure to test out some different results if there are multiple selections to ensure you know how much will be returned from every possible outcome. This is important for calculators such as the round-robin calculator as it has different selections included in the stake.

Who Can Use Betting Odds Calculators

OddsMonkey has made it possible for all users to take advantage of the calculators available on the site. No matter what type of sports event you are betting on, there will be a calculator that can assist you in the process.

Whether it be users who prefer to place bets on horse races, we have an each-way calculator, which is perfect for horse racing as each-way bets are extremely popular throughout this sport. Or, if you are a player who is into matched betting, we have a dutching calculator, which is a form of matched betting that does not use any lay bets.

Why Use Betting Odds Calculators? 

There are plenty of benefits to using the betting calculators available at OddsMonkey. First, the calculator can help bettors avoid simple mistakes, as some of the betting formats used can be extremely complicated. 

Another reason is that these calculators will help players find out what different results will be made from different outcomes. Plenty of these betting strategies will have multiple selections with multiple different outcomes, meaning there can be different return and profit amounts.

Finally, these calculators can save users plenty of time. Instead of players wasting their time finding out for themselves what different returns will be made, the OddsMonkey calculators will provide an instant result. Make sure that all of the information that you have inputted is correct, as the calculator will only output results corresponding to what values are inputted.

Use Betting Odds Calculators at OddsMonkey 

The OddsMonkey calculators are some of the most valuable tools for placing any type of bet. From Trixie bet calculators to Yankee bet calculators, there is a calculator for everyone available right on-site!