Calculator Rules and Information

Set out below is information relating to the use of the various calculators included in the Sports Betting Calculator Program. These calculators have been designed to give maximum assistance in the attempt to make betting more profitable.

Permutations Calculators

Combination and Permutation Calculator

Translates your selections into Combinations or Permutations

Combinations versus Permutations.
 

The difference concerns whether the order matters, more or less.

If you, for instance, have to perm 6 items from 7 in any order, the number of permutations would be 5040.
 

If however you have to calculate the combinations of 6 items from 7 in the order they appear the number of combinations would be 7, some 720 times fewer combinations.

The Combination / Permutation calculator has 3 functions.

1.       To just display the number of combinations or permutations selected in the Criteria Box.

2.       To display the actual combinations or permutations that are calculated as they are calculated.   

3.       To display combinations or permutations based on the above using the selections the user enters. To enter your                 

        own selections check the check box marked Combine or Perm selected Numbers.

 

For All types sports gambling Perms. !!

Combination Bet Calculator

The Multiple Combination Bet Calculator is designed to put the working outs of combinations in the Combination and Permutation Calculator into action. The calculator will calculate all combination of two outcomes from up to eight selections.

The calculator allows the taking into consideration all eventualities of a race including;-

1.       Win Only Bets

2.       Each-Way Bets

3.       Rule 4 decisions

4.       Dead Heats

Shortcut keys allows quick entry of results with help screen to assist along the way

When the result has been calculated a full breakdown is clearly displayed in a results grid.

Multiple & Special Bet Calculator

The Multiple & Special Bet Calculator is a calculator designed to calculate the returns on single or multiple bets including accumulators, permutations, patents, Yankee bets, Trixie bets, Lucky 15 and Lucky 31 bets with functions to include allowance for dead heats or Rule 4 decisions.  The Calculator can be set to fractional, decimal or US odds format and has a print-out function for calculated returns.

Laying Calculators

Dual Bet and Lay Calculator

The Dual Bet and Lay Calculator is a calculator designed to give the user the ability to either bet with a Bookmaker for a selection to win a race and lay the selection with a betting exchange to lose, or, to Back the selection with a Betting Exchange and to Lay the selection with the same or different betting Exchange. The calculator will then calculate the Bookmakers or Exchange win Profit/Loss and the Exchange Lay Profit/Loss. It will then calculate the overall profitability of the bets indicating if an overall Profit or Loss will be made for each type of bet and if a possible arbitrage is available. It can also calculate the Profit/Loss for a single Laying bet with a Betting Exchange.

Lay Bet Dutching / Hedging Calculator

The basic principle behind the calculators included in the Lay Bet Dutcher is to help you think like a bookmaker. The object is to lay different amounts of money on each horse according to the odds in order to guarantee a profit regardless what the outcome of the race is.

Remember that (generally) only one horse can win. If the winner is not a selection you have included in your book, you clean up by collecting ALL the all lay bets staked. If one of the selections you have in the books wins you will pay out the money risked “Possible Loss” but will collect the stakes on all the other selections in your book. As long as your book is over-round (The Arbitrage indicator shows “Yes”) you will make a profit on the race. Of course this assumes that all money you layed gets matched. i.e. taken up by punters.

Each-Way Bet and Lay Calculator

The Each-Way Bet and Lay Calculator combines the Each-Way bet placed with a Bookmaker and the Laying of the Win and Place bets with a Betting Exchange.

The calculator is designed to take advantage of the fact that the Bookmakers place odds are directly linked to their win odds, while the exchanges have separate win and place markets.

You can often lay the place part of a bet at significantly lower odds than the Bookmakers are offering. Provided you do not have to offer substantially bigger win odds you can frequently guarantee a win. Effectively you are guaranteeing that you lose on the win part of the bet, but are winning more than this loss on the place part of the bet.

Dutching Calculators

Dutch10 Main Dutching / Hedging Calculator

Dutching / Hedging is the backing more than one outcome in a single event with different stakes, depending on the odds available for each selection, to give the required profit if any of the chosen selections win.

Mini Dutcher

The Mini Dutcher is a stand alone Dutching / Hedging calculator designed to always float on top of the screen and capable of being moved around the screen for use when obtaining odds from other programs or the Web.  The Mini Dutcher will dutch up to 4 bets and also has the “Banker” bet facility which gives the stake saving facility as outlined in the Dutching / Hedging Calculator above.

Variable Dutcher

The Variable Dutcher is a stand alone Dutching / Hedging calculator designed to always float on top of the screen and capable of being moved around the screen for use when obtaining odds from other programs or the Web.  The Variable Dutcher will dutch up to 4 bets and also has the “Banker” bet facility which gives the stake saving facility as outlined in the Dutching / Hedging Calculator above. With the Variable Dutcher however, the required profit can be independently set to what ever profit you required for any selection according to the confidence you have in it.

Special Bets Calculators

Asian Handicap Calculator

An Asian Handicap is a sports betting term used to describe spread betting in football (soccer). Described as Asian because of its Eastern origins, the phrase has little else to do with the region.

The Asian Handicap Calculator is a dual purpose calculator for calculating Asian Handicap bets and Asian Handicap Over / Under bets.

Trifecta / Exacta Calculator

Trifecta

With this bet you must pick the first three finishing horses in the order of their finish. In other words, you must pick the horse that wins, the horse that finishes second and the horse that finishes third.

The simplest is a Straight Trifecta, which is a single combination of the first three finishers. The minimum bet for a Straight Trifecta is $2.

Trifecta Box

The trifecta box has a $1 minimum bet per combination -- $6 minimum total cost. You can box three or more horses on a single ticket and wager $1 (or more) on each combination.

The following examples are for a $1 Trifecta Box:

3 horse box ( 6 combinations) Cost $ 6
4 horse box ( 24 combinations) Cost $ 24
5 horse box ( 60 combinations) Cost $ 60
6 horse box (120 combinations) Cost $120
7 horse box (210 combinations) Cost $210

Trifecta Key

The Key Wager requires the Key horse to finish FIRST with any combination of two or more horses finishing second and third. For example, if your key horse is #5 and your other horses are #'s 2, 4 and 6, you will win if #5 finishes first and two of your other three horses finish second and third.

Trifecta Full Wheel

You may select one or two horses to finish in a given position and combine your selection with all possible combinations. The number of combinations will vary according to the total number of horses in the race.

Exacta

With this bet you must pick the first two finishing horses in the order of their finish. In other words, you must pick the horse that wins and the horse that finishes second.

Exacta Box

A "box" on two or more horses in a race means taking all the possible combinations of those horses in each place of finish. If you have determined that two horses are the best in the race but you are not sure which one will win and which one will finish second, then the safest bet is to do the exacta box. You can box more than two horses, but it is very important to remember that with each additional horse you add to the box that the cost of the wager goes up substantially.

Exacta Wheels

If you are confident in a horse winning a race, but may have several choices as to the second place finisher, you may elect to do an exacta wheel. If for example, you think the #4 horse is going to win and either the #2, #5, #7, or #10 horse will finish second, you could place the following wager: ($2 exacta wheel the 4 WITH the 2, 5, 7, 10).

Using the Calculator

Initially select the type of bet you require Trifecta or Exacta. You can then select the type of Trifecta or Exacta bet you wish to place, i.e single, multiple, box, wheel /key or partial wheel.

When these have been set a further selection panel will appear where you select the number of runners or participants.

When the bet details panel appears check the selections required applicable to the type of bet chosen. If you are not sure how any type of Trifecta / Exacta bet works or how to enter the selections click on the “Help Board” button and full details will be given together with a visual representation of the type of bet chosen.

When all of above has been completed click on the calculate button and a display of the combinations of entries your bet will produce will appear.

Standard Bet Calculator

The Standard Bet Calculator is designed to give the stake to produce the the required profit. There are two types of bet calculation panels, the Simple Bet Calculator and the Bank Bet Calculator.

The simple Bet Calculator will calculate single bets. The Bank Bet calculator will calculate various types of bets to sustain a given bank and is explained in more detail below.

General Calculators

Odds to Chance Calculator

The Odds to Chance Calculator calculates the percentage chance that any given odds represents. It is a useful tool to see if the odds on offer for any given event truely represent the realistic chance the selection actually has. The calculator will  test all odds formats, fraction, decimal and US odds.

Multifunctional Odds Converter

The odds converter automatically converts odds to the following formats.

Fractional Odds (UK standard)

Decimal Odds (EU Standard)

US Odds (American standard)

As well as converting odds the converter will indicate the return the odds will give (The bet Stake can be manually set by clicking on the “Bet” box).

To increase the value of the odds to be converted click on the following buttons.

Three up chevrons steps the odds up quickly. Just click on this button and hold the button down. When button released the odds will stop scrolling.

The odds can be finely tuned by clicking on the slow odds change button which has two up chevrons. Just click on this button and hold the button down. When button released the odds will stop scrolling.

The setting for this button can be set to one of 5 different speed settings. The speed is increase by increasing the amount the converter moves each time the slow up/down button is clicked. The default value is 0.005

To decrease the value of the odds to be converted click on the following buttons.

Three down chevrons which steps the odds down quickly. Just click on this button and hold the button down. When button released the odds will stop scrolling.

The odds can be finely tuned by clicking on the slow odds change button which has two down chevrons. The setting for this button can be set to one of 5 different speed settings.

To change the value of the “Bet” amount to be calculated using the displayed odds click on the text box next to the “Bet” label and enter the sum of the bet to be calculated. Always enter this in the numerical format 1, 5, 10 etc.

The converter also calculates the percentage chance of the odds converted and should represent the value that wager should represent.

A Parlay / Accumulator bet can be calculated using the Odds Converter. To add selections to the Parlay / Accumulator, when the required odds have been found just click on the “Add to Parlay Bet” button and the selection will automatically be added to the bet and the return the selections entered would produce are calculated. A Parlay / Accumulator bet consists of two or more selections. The calculator will accept up to 8 selections.

To Clear the Parlay / Accumulator and reset all Odds Converter calculations click on the “Reset” button.

Commonly used Fractional Odds. The UK betting market tends to use predetermined commonly used fractional odds. Therefore to assist in quickly finding the required fractional odds for conversion just click on the left arrow of the horizontal scroll bar to reduce odds or the right arrow to increase the odds. The scroll moving button can be dragged to required commonly used odds. For other fractional odds use the normal up and down chevron buttons.

Roulette Calculator

The Roulette Calculator is a stand alone Statistical analysis calculator designed to always float on top of the screen and capable of being moved around the screen for use when obtaining results from online Roulette programs. 

The Roulette Calculator is designed solely as an aid in analysing the hits on a roulette wheel and the sequences those numbers form on the various sections of the betting layout.

It does not, or attempt to, predict the subsequential fall of numbers.

The information in the program is for general information and use and no responsibility will be accepted by fjholmes Software for any investment or bets made.

US Calculators

Parlay Calculator

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 favored to win.

Teaser Calculator

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 favor.

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 Bet Calculator

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.

Miscellaneous Calculators and Information

Staking Plan

Staking Plan Objectives

The Staking Plan is a steady drip of profit approach to winning.  A set bank is fixed and a percentage target increase is set.  For example if the start bank of 1000 points was fixed and a percentage target increase of 1% was set, the next target bank figure would be 1000 + 1% = 1010 points.

The target bank always increases by the percentage target increase per bet therefore the next target would be 1010 + 1% = 1020.10 and so on.  The object is to attempt to keep the bank to the required target bank.

The stake for each bet is decided by the level of confidence in the selected bet.  The level of confidence is indicated by the Type of  bet “A”, “B”, “C” or “S”.  These are decided on setup of each individual staking plan i.e “A” could = 10% of target bank if very confident, “B” could = 5% of target bank if not so confident, “C” could = 2.5% of target bank if less confident and finally “S” could = 1% of target bank if not so sure.  The number of bets in sequence is decided on set up of the staking plan for example a 100 bet sequence of bets starting with a bank of 1000 with a 1% increase would produce a final bank of 2704.81 points.

The value of the stake is the percentage “A”, “B”, “C” or “S” of the target i.e. if your initial bank was 1000 and your target for the first bet was 1010.00 the bet would be the percentage of the target figure and not the bank.

The target figure will continue to increase by the set amount and the stake percentage will always be a percentage of that new figure.

Spread Bet Calculator

Special bet based upon a total number of given actions in a particular sporting event (i.e. goals in a soccer match, runs scored in cricket or points in Rugby ). The punter predicts whether this total will be above or below a particular level represented by a “spread” of numbers.

The Spread Bet Calculator is a general spread calculator which has a facility to allow for the entry of a Stop Loss figure which limits the liability of losses subject to a premium cost which can be entered and allowed for in calculations.

Sports Betting Calculator Menu Functions

Settings

The settings drop down menu at the top of the calculator desktop page allows you to personalize various functions used within the calculator. The settings can turn on or turn off the sounds within the application, set the currency display option and set the odds format to fractional. Decimal or US odds format.

Note Pad

The note pad menu displays a small note pad where you can make general notes you require to remember during your use of the calculator. The note pad always floats above all elements of the application and over web pages etc. that may be displayed. Any notes made can be saved to file and retrieved / deleted when ever required.

News and offers

Downloads

On the News and Offers page are two download buttons. The first button “Messages & Info” downloads information for the three information boxes. The information box “News” gives general news relating to the calculator or Sporting events etc. The second box “Service Messages” gives information relating to the general operating of the calculator and related matters. The third box “Information” gives information on matters it is felt would be helpful in the operation of the Sports Betting Calculator.

The Second button “Check for Updates” connects to the fholmes Software site to check for updates and patches that may from time to time be required for the Sports Betting Calculator. It is important to remember that you may have to set your “FireWall” security settings to allow external connection via the Web to the fholmes Software update facility. You will not be able to connect without these settings updated to allow this connection. The firewall should automatically prompt you regarding setting of these permissions.

The News and Offers panel will also display, to purchasers of the Sports Betting Calculator, the daily Dutching / Hedging plan which is free to purchasers of the Program only.

REMEMBER

The information in the program is for general information and use and no responsibility will be accepted by fjholmes Software for any investment or bets made.

While every care has been taken to ensure accuracy of the content of this program, no responsibility can be taken for any errors or omissions. Users are strongly advised to check information before use. All currency rates are subject to fluctuation.

No warranties or guarantees expressed or implied are accepted as to the accuracy, adequacy, quality or fitness for any particular purpose of information generated by the program. All such warranties or guarantees are expressly excluded to the fullest extent that such warranties may be excluded by law.

The user bears all risks from any uses or results of using the program information. The user is responsible for validating the integrity of any information used.

This program is issued on a single user / Computer licence only.

The program remains the Copyright of fjholmes Software. © 2002 -2008

fholmes Software

22nd June 2008