A betting exchange calculator is a special tool for betting exchange that helps bettors place their bets. It shows how much to bet, to lay and money a bettor can win or lose from a bet. Includes the commission taken by the exchange. It is very useful and makes the whole betting process much easier.
What is a Betting Exchange Calculator?
A betting exchange calculator helps bettors calculate their bets correctly. Betting exchanges are different from regular bookmakers, as they allow players to place bets against other players. Bettors that believe a team or a player or a horse will win, they can place a back bet, and bettors with the opposite view can take the opposite side of the bet and place a lay bet, betting against that team, player or horse winning.
A calculator will tell bettors:
- How much to stake on their back and lay bets.
- How much profit or loss they will make.
- How the exchange commission will affect their winnings.
Example of Using a Betting Exchange Calculator
On a football match between Team A and Team B a bettor believes Team A will win the game and they want to place a back bet on it. They want to stake 100€ at odds of 3.0 and the betting exchange will charge a 5% commission fee on the winning bets. In order to cover their bet, the bettor needs to place a lay bet on Team A not winning the game. The lay odds are 2.8, the commission is again 5% and the bettor does not know what the stake should be and wants to use a betting exchange calculator.
First they need to enter all the necessary details into the calculator.
Back stake = 100€
Back odds = 3.0
Lay odds = 2.8
Commission = 5%
The calculator will show the Lay Stake.
The calculator will tell the bettor that the amount they need to bet against Team A is 107.14€.
Now, there are two possible outcomes and the calculator will show the Profit/Loss.
Team A wins the game
The bettor wins 200€ from the back bet.
The bettor loses 192.85€ from the lay bet liability.
Deducting the commission fee of the winning back bet from the market profit, the bettor will make a 6.79% profit as they will win 6.79€.
Team A loses or draws the game
The bettor loses 100€ from the back bet.
The bettor wins 107.14€ from the lay bet.
Deducting the commission fee of the winning back bet from the market profit, the bettor will make a 6.78% profit as they will win 6.78€.
It is clear by the example that the use of the betting exchange calculator helped the bettor decide correctly on the lay stake in order to cover both bets, minimize risks and lock in a balanced small profit regardless the outcome.
Using the calculator helped the bettor save time avoiding to do difficult calculations, it guaranteed a profit, it helped manage money better and control how much to bet and it helped them know the real profit including the commission fee in the calculations.
Where to Find a Betting Exchange Calculator
Bettors from all over the world can find such calculators online. They are available for free on many websites. Some sites charge the use of calculators.
Calculators can also be found on online betting communities. Many forums and groups share free calculators to help new bettors or experienced ones that want to apply advanced strategies.
They can also find them using mobile apps. Some applications offer free betting calculators for quick and easy use.
Reputable bet brokers and sportsbooks also offer calculators in order to help their customers place their bets with more confidence.
It is very important to choose a reliable calculator to make sure the numbers are correct. Always double-check the calculations before placing any bets.
In Short
A betting exchange calculator is an important tool for all types of bettors. It helps them place smart bets and avoid mistakes. Whether they are betting for fun or using a strategy, a calculator makes betting easier and safer. With the right tool, bettors can ensure they either make a profit or not lose money.