Cash in on Draws with Lay the Draw
What is an Exchange Betting Calculator and How to Use it
An exchange betting calculator is a very useful tool for placing bets on a betting exchange and for applying different strategies.
Leaving all the hard math to the calculators, bettors can focus better on their bets and decide with a clearer mind on their betting movements.
What is an Exchange Betting Calculator?
A calculator is tool that helps bettors work out their bets on a betting exchange. These calculators are designed specifically for betting exchanges. They help bettors calculate how much to stake on a bet, how much to lay on a bet, what their potential profit or loss would be based on the odds, and the amount needed for zero risk in some strategies.
It is useful for all strategies. If a bettor wants to hedge their bets, lock in a profit or minimize the risk, the calculator does the job.
Types of Calculators
There are different calculators depending on the betting strategy each bettor uses. Some of the most popular are:
Matched Betting Calculator
A matched betting calculator helps bettors make profits without risk. It calculates the exact amount to place on the back bet and the lay bet in order to guarantee a profit. This type of calculator is very useful for bettors that take advantage of free bets, bonuses and promotions.
Bettors need to open the calculator and enter first the back odds and the back stake. Then they need to enter the lay odds and the lay stake. They also need to include the commission charged by the betting exchange. Then, the calculator will show the potential profit and loss and more importantly will show the exact lay stake the bettor needs to place in order to balance the bet.
Dutching Calculator
A Dutching Calculator helps bettors bet on multiple outcomes of the same event and still make a profit. This method spreads the risk across different outcomes.
Bettors need to open the calculator and enter the odds for each outcome they have chosen. After that, they need to enter the total amount of money they want to bet. Then, the calculator will show how much to stake on each bet.
This way the bettor makes a profit no matter which outcome wins.
Hedging Calculator
A hedging calculator helps bettors lock in a profit or lower the potential losses. It is very useful if the odds change after placing a bet.
Bettors need to open the calculator and enter the stake they thought to place and the odds. After that, they need to enter the new odds for the opposite bet. Then, the calculator will show the new stake needed.
This way, the bettors can apply the hedging strategy better depending on whether they want to secure a profit or cut down the risk.
Lay Liability Calculator
A lay liability calculator helps bettors understand better the risk of laying a bet. In exchange betting, laying a bet means betting against an outcome. If the team wins, the bet loses and the bettor needs to pay out the winnings as a bookmaker would have to do.
Bettors need to open the calculator and enter the lay odds and the stake. The calculator will show the liability amount that shows how much money the bettor could lose if the bet loses.
This helps bettors very much, because they understand the liability factor much better, and they can decide clearer without risking losing uncalculated money and manage their bankroll better.
Why Use an Exchange Betting Calculator?
An exchange betting calculator makes betting much easier for various reasons.
It calculates everything for bettors and they do not have to do complicated math. It yields very quick results with just a few inputs. It saves bettors a lot of time and effort. It also helps them avoid mistakes in betting calculations and reduce risk. Last but not least, it helps them find the best stakes for higher profit.
Where to Find an Exchange Betting Calculator?
Bettors can find an exchange betting calculator very easily. There are various calculators offered online for free for every strategy. Many bet brokers and betting exchanges also offer free calculators to bettors for better betting experience. Bettors can also find them on betting fora and collaborating websites.
Tips When Using a Calculator
Bettors must always check the betting exchange commission because this affects their profit. If the commission is not included in the calculator, bettors need to do the math themselves.
It is necessary to double-check the odds before placing bets to avoid mistakes. Bettors need also to know which type of calculator will help them best for their strategy. Beginner bettors can start practicing with small stakes before risking to lose large amounts.
In Short
An exchange betting calculator is a very useful tool for betting exchange users. Bettors who apply advanced strategies such as matched betting, ditching, hedging and more will be helped by the right type of calculator to make better decisions quicker and with less effort. Bettors always check all the factors that might impact their profits in order to avoid losing money due to miscalculations.