How to Use a Betfair Calculator to Improve Your Betting Strategy
A Betfair calculator is a tool that can help you calculate the optimal stakes and profits for different types of bets on the Betfair exchange. Whether you are trading, arbing, dutching, hedging or parlaying, a Betfair calculator can help you make informed decisions and maximize your returns.
In this article, we will explain what a Betfair calculator is, how it works, and where you can download one for free.
What is a Betfair calculator
A Betfair calculator is a software application that allows you to enter the odds and stakes of various bets on the Betfair exchange and see the potential outcomes and profits. Depending on the type of bet you are placing, a Betfair calculator can also show you how to adjust your stakes to achieve a level profit, a risk-free arbitrage, or a synthetic draw no bet.
A Betfair calculator can also support different odds formats, such as fractional, decimal and American. Some calculators can also factor in the commission rate that Betfair charges on your winnings.
How does a Betfair calculator work
A Betfair calculator works by using mathematical formulas to calculate the expected value of each bet and the overall profit or loss. Depending on the type of bet you are placing, the formulas may vary. Here are some examples of how a Betfair calculator works for different types of bets:
Trading: Trading is when you place two opposite bets on the same event at different prices to lock in a profit regardless of the outcome. For example, you may back a team to win at 2.0 and then lay them at 1.8. A Betfair calculator can show you how much to stake on each bet to achieve an equal profit or loss in both scenarios.
Arbing: Arbing is when you exploit price differences between different markets or exchanges to place two opposite bets that guarantee a profit no matter what happens. For example, you may back a team to win at 2.0 on one exchange and lay them at 1.9 on another exchange. A Betfair calculator can show you how much to stake on each bet to achieve the maximum possible profit.
Dutching: Dutching is when you back multiple outcomes in the same event to ensure a profit if any of them wins. For example, you may back three horses in a race to win at 3.0, 4.0 and 5.0. A Betfair calculator can show you how much to stake on each bet to achieve an equal profit or loss in all scenarios.
Hedging: Hedging is when you place an additional bet to reduce your risk or lock in a profit after placing an initial bet. For example, you may back a team to win at 2.0 and then lay them at 1.5 after they score a goal. A Betfair calculator can show you how much to stake on each bet to achieve a desired profit or loss.
Parlaying: Parlaying is when you combine multiple bets into one bet to increase your potential payout. For example, you may back four teams to win in a parlay at 10.0. A Betfair calculator can show you how much to stake on each bet and the total return if all of them win.
Where can I download a Betfair calculator
There are many websites that offer free online Betfair calculators that you can use without downloading anything. Some examples are:
Free Online Bet Calculator Betfair: This is the official Betfair calculator that allows you to calculate the stakes and profits for various types of bets, such as single, multiple, each way, accumulator and more.
Back/Lay betting calculator for arbing and trading on betting exchanges: This is a specialized calculator that allows you to calculate the optimal stakes for backing and laying the same selection for a level profit or an arbitrage opportunity.