Help

The help topics on this page explain how the Free Bet Calculator can be used to calculate the potential profit for a sports bet.

Help Topics


Type

The first step is to select the type of bet.

If the mouse cursor is positioned over a bet type, a brief description will appear after a short delay.

The Number of Selections are adjusted automatically to reflect the minimum number of selections required when a bet type is selected, unless additional selections have already been added to the bet. Any existing selection details will remain unchanged in order to make is easier to re-calculate bets of different types, using the same selection details.

Selecting certain bet types will cause an additional section to appear on the Free Bet Calculator form, allowing further options to be entered that are specific to that type of bet.

Options

The second step is to enter the bet options.

  • Unit Stake / Max. Total Stake

    Either the Unit Stake or the Max. Total Stake can be supplied, with the Unit Stake being the default option. The minimum Unit Stake or Max. Total Stake is 0.01.

    Selecting the Max. Total Stake option allows you to specify the maximum amount that you wish to spend on your bet. The Free Bet Calculator will calculate the maximum Unit Stake, along with the corresponding actual Total Stake, that will allow you to remain within your spending limit for that particular bet.

  • Each Way

    When the Each Way option is selected for Multiple or Any To Come bets, an additional section will appear on the Free Bet Calculator form, allowing you to select alternative Each Way settling methods that may be used by your bookmaker (see the Each Way Help section for more details).

    The options available for each selection also change for Each Way bets; the Place fraction and Dead Heat place options will appear, but the Joint Favourite options will disappear since they are only relevant for win-only bets.

  • Odds as fractions or decimals

    Win Odds may be specified either as fractions or decimals for each selection. This preference will default to fractions, unless you select decimals and cookies are enabled in your browser.

  • Number of Selections

    The minimum Number of Selections is 1, and the maximum is up to 20, depending on the type of bet. Alphabet and Union Jack bets can not be permed, and other bets consisting of 6 or more selections, are limited to perms consisting of no more than 15 selections in total. The Number of Selections may be altered using any of the following methods:

    1. Entering the required number into the box provided. If an invalid number is entered an appropriate error will be displayed when the Calculate button is pressed.
    2. Increasing or decreasing the current number using the arrow buttons located to the right of the box. This method prevents an invalid number being selected.
    3. Changing the bet type; if the current number of selections is less than the minimum number required.

    Note: When the Number of Selections value is changed, so that the amount no longer represents the actual number of selections in the existing list, a button will appear which allows the appropriate number of selections to be either added, or removed.

    Once the required Number of Selections has been changed, click on the button located below the box to generate the correct number of Selections.

Example:-

To calculate the return on Patents permed from 4 selections: select the Patent bet type, increase the Number of Selections to 4, and then click Add 3 Selections.

Each Way

The Each Way section is only displayed when a Multiple or Any To Come bet type is selected. The options provided allow you to change the way in which these bets types are settled, in order to match the rules used by your bookmaker.

The most common settling methods are Win-to-Win, Place-to Place for Each Way Multiples, and Equally Divided for Each Way Any To Come bets. These are therefore set as the default options, although any changes will be remembered for future use, as long as cookies are enabled in your browser.

Some bets, such as the Round Robin, contain both Multiple and Any To Come components, so both options are provided in these instances, in order to allow different settling methods to be used for each part (note: this is the norm for most bookmakers).

For the Alphabet, and all Lucky bets, bonuses & consolations are only applied to the win part of Win-to-Win, Place-to-Place each way bets.

Accumulator

The Accumulator section is only displayed when the Accumulator bet type is selected. Whenever the Number of Selections changes, the Accumulator Fold Size also changes to reflect the new number of selections.

Depending on the current Number of Selections, the minimum Accumulator Size is 4, and the maximum is 20.

Once the Number of Selections has been determined, the Accumulator Fold Size can be altered either by entering the required number into the box provided, or by using the arrow buttons located to the right of the box.

Example:-

To perm 5-folds from 10 selections: select the Accumulator bet type, increase the Number of Selections to 10, click Add 9 Selections, and then set the Accumulator Fold Size to 5.

Lucky 15 / Lucky 31 / Lucky 63

The Lucky bets section is only displayed when either the Lucky 15, Lucky 31 or Lucky 63 bet type is selected. The bonuses and consolations that apply to Lucky 15, Lucky 31 and Lucky 63 bets vary between different bookmakers. The Free Bet Calculator allows you to change the bonus percentage, and consolation odds multiplier, for each Lucky bet, to reflect those offered by your bookmaker.

Please note that all selections must run for a bonus or consolation to apply (i.e. no void selections), and that bonuses and consolations only apply to the win part of Win-to-Win, Place-to-Place each way bets. Bonuses and consolations can not be applied to Equally Divided each way bets, and are therefore not displayed when this option is selected.

  • All Winners Bonus %

    The All Winners Bonus % is applied to the bet return if all selections win. This value will default to 10% for Lucky 15, 20% for Lucky 31 and 25% for Lucky 63, unless they are modified and cookies are enabled in your browser.

  • 1 Loser Bonus %

    The 1 Loser Bonus % may be applied to the return on Lucky 31 and Lucky 63 bets, if only 1 selection loses, and all other selections win. Most bookmakers do not offer this bonus, so this value will default to 0%, unless it is modified and cookies are enabled in your browser.

  • 1 Winner Consolation

    The 1 Winner Consolation is a multiplier that is applied to the odds of a single winning selection. This value will default to 2, which equates to double odds, unless it is modified and cookies are enabled in your browser. Note that if no consolation is offered this value should be set to 1, rather than 0, since it represents an odds multiplier.

Alphabet

The Alphabet section is only displayed when the Alphabet bet type is selected. The bonus that applies to the Alphabet can vary between different bookmakers, so the Free Bet Calculator allows you to change the bonus percentage, to reflect that offered by your bookmaker.

Please note that all selections must run for the bonus to apply (i.e. no void selections), and that the bonus only applies to the win part of Win-to-Win, Place-to-Place each way bets. The bonus can not be applied to Equally Divided each way bets, and is therefore not displayed when this option is selected.

  • All Winners Bonus %

    The All Winners Bonus % is applied to the bet return if all selections win. This value will default to 10%, unless it is modified and cookies are enabled in your browser.

The Alphabet Bets panel represents the various combinations of selections that form the component bets of an Alphabet, where each number in a combination represents the selection with the equivalent value in the No. column in the list of Selections.

Union Jack

The Union Jack section is only displayed when the Union Jack bet type is selected. The Union Jack has four variants, representing the range of bet types (Treble, Trixie, Patent & Round Robin), that can be applied to each line of 3 selections, as represented by the Union Jack Lines and Union Jack Flag panels. The numbers in both of these panels represent the various combinations of selections that form the component bets of a Union Jack, where each number in a combination represents the selection with the equivalent value in the No. column in the list of Selections.

Selections

The final step before calculating the bet return, is to enter all the selection details.

  • No.

    No. is the unique number assigned to each selection, and is used in error messages to help identify invalid selection details, as well as being used to reference selections in Alphabet and Union Jack bets.

  • Status

    The Status should be set to reflect the result for each selection. If the result is not known, then setting the Status to Won for all selections, will allow the maximum potential return to be calculated.

    Setting the Status to Placed for a bet that is not Each Way, will have the same effect as setting the Status to Lost.

    The Status should only be set to Void in the event that the stake may be returned, depending on the type of bet, and the Status of any other Selections. Non-runners that are not classed as Void selections should have their Status set to Lost.

  • Win Odds

    The Win Odds is either, the price taken at the time the bet was placed, or the ‘Starting Price’, as appropriate, and may be entered either as fractions or decimals.

  • Place

    The Place value represents the fraction that should be applied to the Win Odds when calculating the place part of an Each Way bet.

  • Rule 4

    The Rule 4 value represents any deductions that apply to selections affected by Tattersalls Rule 4(c), relating to the withdrawal of a horse, or horses, in the same race.

  • Dead Heat

    Dead Heat options can be applied to any selection, that finishes in the same position as at least one other participant, in the same event. By default, the Dead Heat options are not present, but can be added by hovering the mouse over the V icon, and clicking on the checkbox. The following Dead Heat options can be specified:

    • Total

      The Total number of participants that have finished in the same position as the Selection.

    • Position

      The Position is only applicable to Each Way bets, and represents where the Selection finished (e.g. 1 for 1st, 2 for 2nd, etc).

    • Places

      The Places value is only applicable to Each Way bets, and represents the number of places relating to the place part of the bet.

  • Joint Fav.

    Joint Favourite options can be applied to any Selection that represents an unnamed favourite, where there is more than one favourite for the event. The Free Bet Calculator only supports favourites for win-only bets; details can be added by hovering the mouse over the V icon, and clicking on the checkbox.

    • Total

      The Total number of favourites for the race.

    • Winning

      The Winning value represents the total number of favourites that finish first; a value higher than 1 would indicate a dead heat between favourites.

    • N/R

      The N/R value represents the total number of favourites that were non-runners; i.e. any favourites withdrawn shortly before the runners come under starter’s orders.

Clear

The Clear button resets the Free Bet Calculator to its default values.

Calculate

The Calculate button starts a bet calculation. If the bet calculation is successful, a message indicates that the calculation is complete, and the Calculated Amounts are displayed.

Any errors detected in the bet details supplied, or any problems encountered in the calculation process, will be reported, and any invalid values will be highlighted on the Free Bet Calculator form.

Calculated Amounts

The following amounts are calculated:

  • Unit Stake

    The Unit Stake represents the amount wagered on each individual component of the bet. This value is calculated whenever the Max. Total Stake is supplied in the bet Options.

  • Number of Bets

    The total Number of Bets, taking into account the bet type and number of permutations.

  • Total Stake

    The Total Stake represents the amount wagered on all components of the bet; i.e. the Unit Stake multiplied by the Number of Bets.

  • Total Return

    The Total Return represents the stake and any winnings that should be returned, based on the bet details supplied.

  • Total Profit

    The Total Profit is calculated simply by subtracting the Total Stake from the Total Return, and indicates how much money the bet will win, or lose.

    Note: A negative value indicates a loss.