If you’re new to sports betting, you may have heard about combination bets, but you may not know how to calculate your potential winnings. That’s where combination bet calculators come in. These handy tools take the guesswork out of placing combination bets, allowing you to maximize your potential winnings.
But how do they work? And how can you use them to your advantage? In this guide, we’ll take a closer look at combination bet calculators and explain how you can use them to place smarter bets and increase your chances of winning big.
What is a combination bet?
A combination bet is a type of sports bet that involves placing multiple wagers on different outcomes within the same event. For example, instead of simply betting on which team will win a basketball game, you might place a combination bet that includes predictions for the final score, the number of three-pointers, and the number of fouls.
Combination bets can be made up of two or more individual wagers, and they are sometimes called parlay bets or accumulator bets, depending on the sportsbook and the region. They can offer higher payouts than traditional single bets, but they also come with greater risk.
To win a combination bet, you must correctly predict all of the individual outcomes that you’ve included in your bet. If even one of your predictions is incorrect, you can lose the entire bet in some cases. This makes combination bets a more challenging option for sports bettors, but they can also be more rewarding if you’re able to hit on all of your predictions.
What are the different types of combination bet?
There are several different types of combination bets that you can make, depending on the sport and the sportsbook. Some common types include:
- Double: A combination bet that includes two individual wagers you can also use a double betting calculator for this).
- Treble: A combination bet that includes three individual wagers.
- Trixie: A combination bet that includes three individual wagers and four bets in total.
- Yankee: A combination bet that includes four individual wagers and 11 bets in total.
- Canadian: A combination bet that includes five individual wagers and 26 bets in total.
- Heinz: A combination bet that includes six individual wagers and 57 bets in total.
- Super Heinz: A combination bet that includes seven individual wagers and 120 bets in total.
- Goliath: A combination bet that includes eight individual wagers and 247 bets in total.
The more individual wagers you include in your combination bet, the greater the potential payout, but also the greater the risk of losing if your predictions are incorrect. It’s important to choose your combination bets wisely and to have a solid understanding of the sport and the teams, horses, or athletes you’re betting on.
How a combination bet calculator works
Combination betting calculators are tools that are designed to help you calculate your potential winnings for combination bets. These calculators take into account the odds for each individual wager that you’ve included in your combination bet, as well as the number of bets you’re making in total.
By inputting this information into the calculator, you can quickly and easily see what your potential payout would be if all of your predictions are correct. Most calculators for combination bets work by allowing you to input the odds for each individual wager, either as fractions or decimals.
You can then select the type of combination bet you’re placing, such as a double or a Canadian, and input the stake amount that you want to bet. The calculator will then display your potential payout based on these inputs, as well as the potential profit and the return on investment (ROI) for your bet.
Benefits of using combination betting calculators
Using a combination bet calculator can offer several benefits for sports bettors. Some of the most notable advantages include:
- Accuracy: The bet calculator takes the guesswork out of calculating potential winnings for complex combination bets, ensuring that you have accurate information about your potential payout.
- Time-saving: Calculating potential winnings for combination bets manually can be time-consuming and complicated. Using a calculator for combination bets allows you to quickly and easily see your potential payout, without having to do any math yourself.
- Confidence: When you know what your potential payout will be for a combination bet, you can place your bet with more confidence and assurance, knowing that you’ve done your due diligence and calculated your risk and reward accurately.
Overall, using a combination bet calculator can give you an edge in sports betting, allowing you to make smarter, more informed decisions about your bets.
How to use our combination bet calculator
Using our combination betting calculator is a straightforward process. Here’s a step-by-step guide to help you get started:
- Choose your individual wagers: Select the individual wagers that you want to include in your combination bet. Make sure that you have a solid understanding of the odds for each of these wagers and how they impact your potential payout.
- Choose your combination bet: Select the type of combination bet that you want to place. This will depend on the number of individual wagers you’ve chosen and the specific sportsbook you’re using.
- Input your odds: Input the odds for each individual wager that you’ve chosen, either as fractions or decimals. Make sure that you’re inputting the correct odds for each wager, as this will impact your potential payout.
- Input your stake: Input the amount of money that you want to place on your combination bet. This will determine your potential payout, as well as your potential profit and ROI.
- Calculate your potential winnings: Click the “Calculate” button on the bet calculator to see your potential payout, profit, and ROI. You can then adjust your inputs as needed to see how different stake amounts or odds will impact your potential payout.
By following these steps and using our combination bet calculator, you can place smarter, more informed bets, and increase your chances of winning big.
Sports with which you can use our calculator for combination bets
Combination bet calculators can be used for a wide range of sports, including:
- Football: Combination bets are a popular option for football (soccer) betting, with many different types of combination bets available.
- Basketball: Combination bets are also common in basketball betting, with options to bet on the point spread, totals, and other individual wagers.
- Baseball: Baseball betting offers a range of combination bet options, including run lines and totals.
- Tennis: Combination bets can be made in tennis betting, with options to bet on the winner, the score, and other individual wagers.
- Horse racing: Horse racing offers a range of combination bet options, including exactas, trifectas, and superfectas.
No matter what sport you’re interested in, there’s likely a combination bet calculator available to help you make smarter, more informed decisions about your bets. Please note that this calculator is not suited to single bets. For single bets, use a single bet calculator for free.
Avoid these common mistakes
While combination betting calculators can be helpful tools for sports bettors, they can also lead to mistakes if not used correctly. Here are some common mistakes to avoid:
- Inputting incorrect odds: Make sure that you’re inputting the correct odds for each individual wager. If you input the wrong odds, it will throw off your potential payout and lead to incorrect decisions.
- Forgetting to factor in bonuses or promotions: Some sportsbooks offer bonuses or promotions for combination bets, such as increased payouts or money-back guarantees. Make sure that you factor these in when using the bet calculator to get an accurate picture of your potential winnings.
- Ignoring the risks: Combination bets come with greater risk than single bets, so it’s important to factor in this risk when using a calculator for combination bets. Don’t get too caught up in the potential payout and forget about the potential for loss.
Final words
In conclusion, combination bet calculators are valuable tools for sports bettors looking to maximize their winnings and minimize their risk. By using a combination betting calculator wisely and following the tips and advice outlined in this guide, you can increase your chances of making smart, profitable bets and achieving success in sports betting.
FAQs
Combination bet calculators are designed to be as accurate as possible, but they are only as good as the information you input.
Yes, but the potential rewards are usually much higher than with single bets.
