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The ROI calculator essentially takes the projected gains from a bet and divides it by the total cost of the bet to come up with a percentage representing the ROI for that wager. This may help you evaluate which bets to place based on the return you are looking for.
You are going to need to know a few things before you start: first determine the amount you expect to wager. Next you want to determine the likelihood of winning the bet. This can be your personal feeling on the bet or you can try the Fair Odds Calculator to determine the implied probability of a bet with the vig or juice removed.
The final step is to enter the American odds :. Calculating ROI is actually one of the easier ones, especially if you are familiar with implied probability. What the ROI calculator is going to indicate to us is the ideal outcome, over the long term, of a bet like this. Here are the steps for calculating:.
This one is pretty easy. Many areas in sport such as horse racing already had betting schemes embedded in them, like calculator odds ratio bet money, so all that had to be done is for the other types of sport to adopt this system of laying money, guessing a result and in case of a win, get the money back multiplied by an odds ratio.
Introducing Sports Betting Calculator As sports betting grew to become popular, new methods of calculating the possible results started to evolve. Every sport has its attributes and factors that has a direct and indirect affect on the final outcome of matches and races and so every sport has developed different types and methods of calculations in order to predict results. This has generated an enormous leap in both the amount of bettors playing and the amount of money that is being placed as bets, due to the fact that bettors found it easier and more profitable to go by results generated by a sports betting calculator.
Using a Sports Betting Calculator Using a sports betting calculator is highly recommended, espaicllly when there is a need for calculator odds ratio bet money. The enormous amount of data and the rapidness of updates from the field, might make it hard for the bettors to concentrate on picking the right team, driver or horse, when instead of calculating statistics and comparing it the the other match participants the bettors follow trends, spoil their opinion by seeking advice that is not always reliable, and tend to forget to leave emotion or personal preferences out of the equation.
An Example For a Sports Betting Calculator A good example for a sports betting calculator is the horse betting calculator. The horse betting calculator is fed info and data about races and horses and than compiles a set of methods and calculation actions in order to determine the most likely winning horse. This way, the most likely horse is separated from the others horses and a possible good outcome can be predicted for the benefit of the bettors.