Betting Calculators

What Are The Popular Betting Odds Formats?

Various sports betting platforms have different ways of displaying the odds for a game, race, or fight. There are three popular formats you will find on most platforms, and these include: 

• European or Decimal odds: Decimal odds is a straightforward odds format. The decimal value represents the payout per £, $, or €. For example, a 4.25 odd on a £10 stake will give a payout of £42.5
• American or Moneyline odds: This type of odds uses a "+" sign to represent the odds for the underdogs and a "-" sign to represent the odds for the favourites. The odds value implies how much you must stake for a £100 payout. For example, a -400 indicates that you need to bet £100 to win £500, while +300 indicates you need to stake £100 for a £400 payout.
• British or Fractional odds: British and Irish players will be familiar with this type of odds. The odds usually include a hyphen or a forward slash. For example, you may have a 4/1 odds, which implies that you receive £4 for every £1 you stake. If you win the bet, you get £4 plus your £1 initial stake (i.e., £5). If you stake £20, then your payout will be £80 plus £20 or £100. 

Insight In The Most Popular Bet Types

Depending on the type of sport you choose to place your bets on, you should know some popular bet types. These are the different bet types you can put in horse racing and other sports: 

Finding Specific Bet Type Calculators

Several sites offer excellent calculators, and one of these is Betpack. The site provides access to the various calculators you need depending on the bet you select. You can find a match bet calculator, Asian handicap calculator, accumulator calculator, odds calculator, and more. 

What Is A One Winner Consolation?

This is a bonus most bookmakers offer to players. It is a payout calculation that bookmakers use if only one of your selections wins. Depending on the bookmaker, this may be a payout at double or triple the odds. 

Benefits Of Using The Betpack Bets Calculator Site

There are various reasons why you should try out the calculators on Betpack. One thing that stands out is how the site provides a detailed step-by-step description of the steps you need to take to use each calculator. You can also find comparisons with the pros and cons of different calculators on the site. For bets you don't know much about, read through the detailed explanation and FAQs to enhance your knowledge.