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A betting vice president bettingsports lotterysweepor office pool if done pool betting definition work, is a form of gamblingspecifically a variant of parimutuel betting influenced by lotterieswhere gamblers pay a fixed price into a pool from which taxes and a house "take" or "vig" are removedand then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. True parimutuel bettingwhich was historically referred to as pool betting, involves both odds calculations and variable wager amounts.

Lay back betting calculator oddschecker bitcoins trading rate of change

Lay back betting calculator oddschecker

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Simply follow the instructions below to calculate your correct betting stakes and view your potential profits or qualifying losses:. Your back stake — the figure that you enter into the back stake box — will be the value of the bet that you place at the bookmaker. Therefore, you put 1. For most people this is just a box that makes the calculator look more complicated!

The Lay Odds are the odds that you have laid your bet at on Betfair, for example Manchester United could have been 1. So, you put 1. The commission on other exchanges can vary, so be sure to update the commission accordingly if you decide to use a different site. Calculating Your Free Bet. There will be very few occasions when you need to use Free Bet SR , so personally I would never worry about that option for the time being. Read our matched betting guide.

We have lots of other betting calculators that are free to use, including:. A matched betting calculator is a bit different to a regular odds calculator as it will help you calculate how to place lay and back bets to unlock profit from the free bets offered by bookmakers. It's an important tool because it shows you how much you need to stake with both the bookmaker and the betting exchange. It does this without any need for complicated maths, giving you a quick and easy answer with zero hassle!

Our OddsMonkey calculator allows you to see potential profits on both normal and free bets and can be adjusted to show you all the info you need for qualifying bets, free bets where the stake is not returned SNR , and free bets where the stake is returned SR.

You can use this free matched betting calculator alongside our OddsMatcher tool to find and calculate the best odds when you are matched betting so that you can maximise your earnings. Upgrade to Premium.

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A popup version is also available for your convenience.

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Lay back betting calculator oddschecker Back Odds. Our lay bet calculator does this for and factors in the commission that betting exchanges like Betfair charge. Arbitrage calculator. There will be very few occasions when you need to use Free Bet SRso personally I would never worry about that option for the time being. If 'back' bet wins:. If you enter the Back Stake or Lay Stake as the stake constraint, the calculator will display the correct level-profit stake for the other bet.
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