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fholmes Software - US Betting Calculators
 
   US Betting Calculators
 
 

Parlay Bets

 

Parlays are a very popular kind of bet, they have a good potential for big payoffs compared to the size of the wager, and they are quite a simple form of bet.

 

To place a parlay, you bet on two or more teams to win their games – all of the teams must win, or at least tie, for you to win the bet. If one of the teams loses, then the bet is lost.

 

There are two different kinds of parlays. You can wager against the point spread, or against the money line. When wagering against the spread, the payoff is fixed, with the payout increasing the more teams you bet on. The payoff can range from 13-5 on a 2 team parlay to 600-1 on a 10 team parlay. This means that if you bet on two teams, you can win $13 for each $5 you bet. If you bet on 10 teams and win, then you will get $600 for every $1 you had wagered.

 

Bets against the money line do not use fixed odds, instead your overall payoff is calculated based on the odds of each team. This is because a spread assumes a 50-50 chance on each team, while money line bets just require the team to win or lose – without points being taken into consideration. 

 

A money line parlay will, in simple terms, take the amount of your bet and place it on one team, then re-calculate your bet for the next team, until the bet has been placed on all of the teams. This can often work out better in terms of payoff than a points spread parlay, especially if one of the teams is not favoured to win.

 

Teaser Bets

 

A teaser is a group of single parley bets. The difference between a parley and a teaser is that with the teaser the line you bet against for each individual bet is made more advantageous by adjusting the point spread in your favour.

 

For example if for a parley the line is -6 if you have a 4 point teaser the line would be -2 (-6 less 4 points).

 

Teasers are very popular sports bets as the points spread allows you to adjust the points spread in your favour.

 

Ties lose on all teasers except the 2 team teaser where the tie is a push if one team ties and the other team wins, if one team ties and the other team loses the teaser is lost.

 

Reverse Bets

 

A Reverse Bet is a series of “IF” bets going both forward and in “reverse” order.

 

There are two types of bet action “IF Win” and “ IF Action”.

 

An IF Win wager will continue only if the first leg wins. If the first leg wins the second leg will have action. If the first leg is a push or no action the amount wagered is returned. If the second leg has action the first element of the reverse IF bet is the element reversing back to the initial wager.

 

An IF Action means if the first element of the wager, is cancelled, no action, push or win, the second element of the wager is then placed.

 

 

 

  
Parlay Calculator
  Parlay Calculator
 

The parlay Calculator is a very popular US betting Calculator and basically falls in line with the UK Accumulator bet.

 

All that is required is to set the number of selections (Up to 6) enter the 'Line' value, (odds of selection) in US Odds format and then click on the 'Calculate' button.

 

The payout for the bet will be calculated and the 'Line' factor. (The 'Line' value in Decimal format) will e displayed.

 

The 'Line' value must be entered in American Odds Format.

The Favourite (Even odds or below) should be
entered with a proceeding (-) sign. The Underdog
(Above Evens odds) normally have a (+) sign
but you do not need to use this just enter the
odds i.e. 300.

The minus sign (-) always indicates the Favourite
and the amount you must bet to win $100.
The plus sign (+) always indicates the Underdog
and the amount you win for every $100 bet.

 
 
Teaser Calculator
   
  Teaser  Calculator
 
When you start the calculator the cursor will be in the stake box. In this box enter the stake you intend to place on the teaser bet.
 
When entered click on the Sport the teaser is for i.e. Baseball or Football. The points spread for the two sports differ.
 
When the stake has been entered the Sports option can be set by either clicking the required option button or hitting “B” on the keyboard for Baseball or “F” for Football.
 
When the above items have been set you need to select the points you require for the sport selected.
 
Click on the top points spread menu, where the points will be highlighted for a few seconds. When the points you require have been selected the line for that selection will become light grey. You then need to select the number of teams in the teaser bet. To do this click on the team number column which for a few seconds will be highlighted.
 
The odds for the teaser will then be highlighted.
 
When points and number of teams have been set, if any of the teams is a push or No Action result, then check the box immediately adjacent to that team.
 
This will reduce the teaser by one, if more than one No Action is selected the teaser will reduce by the number of No Action bets. The corresponding line odds will reduce in line with the revised teaser.
 
On a two selection teaser three check boxes will appear. If both teams do not win then check the appropriate check boxes for the result, i.e. if one team wins and the other is a No Action then check the Win check box and the No Action check box, this will make the result a push No Action. If one of the two is a No Action and the other is a loser then check the No Action check box and the lose check box this will make the teaser a loser.
 
When all  elements have been set, click on the Calculate button and the result will be displayed.
 
 
Reverse Bet Calculator
   
 

Reverse Bet Calculator

 

When you start the calculator the cursor will be in the “Reverse Bet Type” selection box. Select whether you require an “IF Win” wager or an “IF Action” wager.

When this has been selected, select the number of reverse “IF” wagers you require, up to 8 selections. Remember the wagers are reverse wagers and therefore for example if you select a 4 team wager the wager will consist of a 2 from 4 from wager reversed which is 6 reverse wagers. A $10 stake would risk $240.

Next entered the stake you require for each wager. When all elements entered hit the “Enter” button.

The focus will then move to the Reverse Bet Details section. Here you can change the result indicated to either, Win, Push or Lose for the corresponding wager. You can also change the odds line if required.

When all elements have been entered click on the “Calculate” button and the full reverse bet wager will be calculated.

When calculator results have been displayed you can either reset the calculator to start values by hitting the “Reset All” button or clear the current values but retain the wagers you have entered in order to change results etc by hitting the “Reset Details” button.

All values produced are round to the nearest whole number and are subject to slight variations due to mathematical conversions.

 
  All of the above Included in the Sports Betting Calculator or can be purchased individually.