For many years now, sports betting has been a popular activity amongst people who are interested in sports. Since betting platforms have moved online, this sports betting has only become more and more predominant. However, due to this, there are now more betting options than ever to potentially select from.
Each of these have their own certain qualities and aspects and could perform vastly different from one another. One such example is the Up and Down Bet, and although this term may be unfamiliar, this isn’t an issue as we here at OddsMonkey will be breaking down everything there is to know when it comes to this type of bet, as well as dissecting the corresponding Up and Down Bet calculator which we also have on site.
What is an Up and Down Bet Calculator?
To understand how the Up and Down Bet Calculator works, we must first distinguish what exactly an Up and Down bet is. Put in the most simplest of terms, these types of bets consist of two individual parts, one being the up, the other being the down section. The Up refers to a selection you are betting on to win, and the Down refers to the same selection placing instead. Due to this, these bets are also commonly known as double stakes, as two equal stakes are placed on the same selection, with each stake correlating to one of the different outcomes.
For example, if you place a £5 on a horse to win, and £5 for the horse to place, and the horse subsequently comes 1st, you could receive a payout on both selections of your up and down bet. However, say the selection comes 2nd in its race, the first selection would lose, however, the place portion could still payout.
Now that you understand what an up and down bet is, you could potentially utilise the up and down bet calculator. This works similarly to a whole host of other betting calculators we have here at OddsMonkey, only requiring a couple of pieces of information. The first aspect required is the odds of the two respective selections. In addition to this, the calculator also requires the desired stake of the bet, as well as the outcomes of the bets in order to calculate any potential returns.
Why use an Up and Down Bet Calculator
When it actually comes down to using an up and down betting calculator, this tool could provide numerous benefits to your overall betting experience. One of the main benefits this calculator presents is that it could save a significant amount of time by automatically doing the calculations for you. Instead of having to manually figure it all out, the up and down calculator takes care of all of this for you as all that is required is the stake and odds of the desired bet.
Taking this into consideration, this can ultimately help you make more informed decisions when it comes to your bets. Due to the up and down betting calculator having all of the essential information required, this calculator can give you the potential returns and let you determine whether or not the bet is worth placing. It could also help you adjust your odds accordingly, helping you to potentially maximise the overall profit of the bet.
Who can use the Up and Down Bet Calculator?
Now that all the benefits of this up and down betting calculator have been laid out, you may be considering who can actually utilise this up and down bet calculator. Simply put, anyone who is remotely interested in sports betting could find this tool useful. However, this type of bet is specifically tailored towards horse racing, therefore it may come in most beneficial if you are betting on these markets. If this sporting event is of particular interest to you, we also have a comprehensive horse racing betting guide available here on our site which breaks down all aspects of the sport! If you are a beginner and are unfamiliar with up and down bets, this calculator could come in handy as it gives you all the information you may need in order to make a more informed betting decision.
However, this up and down betting calculator is not only limited to beginners as more experienced betters could also reap the benefits this calculator offers. Due to it encompassing two separate selections, it could potentially be used to also refine any general betting strategies, as well as helping to diversify bets! In addition, it is a good alternative to the more general each way betting calculator which is also heavily utilised in reference to horse racing.
More Betting Calculators at OddsMonkey
On top of this up and down calculator, OddsMonkey also houses a number of just as beneficial alternatives, each of which offer similar ease of use. If you prefer multi selection bets which aren’t on the same event like with the up and down bets, then you could maybe check out both the double bet calculator as well as the treble bet calculator.
Similarly, if you prefer placing the more simplistic multi fold accumulator bets, then potentially the accumulator betting calculator could be of use to you. All that is required when it comes to this is the odds of each selection within your accumulator as well as the overall value you plan on staking. This can help gauge any potential returns, as well as potentially helping identify any value bets.
On the other hand, should you wish to make the most of the offers and promotions casinos and bookmakers offer, then the matched betting calculator could be a great option for you. This utilises free bets by covering all outcomes of a particular sporting event in order to lock in a certain amount of profit.