Free Bet Calculator

Help

The following help topics explain how the Free Bet Calculator can be used to calculate the potential profit for a bet:

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

  The minimum Unit Stake is 0.01.

• Each Way

  The options available for each selection change for Each Way bets; the Place fraction and Dead Heat place options become available, but Joint Favourites are only relevant for win-only bets, so these options are disabled.

• 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 20. 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 + or - buttons, respectively. 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, the Set Selections button is highlighted, and any existing Selections are ‘dimmed’ and disabled.

  Once the required Number of Selections has been entered, click on the Set Selections button 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, then click Set Selections.

Accumulator

The Accumulator section is only displayed when the Accumulator bet type is selected. It will remain ‘dimmed’ and disabled until a sufficient Number of Selections has been set, at which point the Accumulator Size will be set to the same value.

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

The Accumulator Size can be altered either by entering the required number into the box provided, or by using the adjacent + and - buttons.

Example:- To perm 5-folds from 10 selections: select the Accumulator bet type, increase the Number of Selections to 10, click Set Selections, and then set the Accumulator 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 each way bets.

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.

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 that can be applied to each line of 3 selections. The most common variant, Trebles, is selected by default, but this can be altered simply by selecting Trixies, Patents or Round Robins from the list of options.

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 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 clicking on the icon. 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 clicking on the icon.

  • 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:

• 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 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.