Betting Calculator

Simple yet very efficient, a betting calculator is the number one tool for helping casual and advanced punters improve their betting skills.

Find out how to use it and all you need to know!

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How to Use the Betting Calculator

  1. 1. Enter Stake: Type the amount you want to bet in the Stake (€) box.
  2. 2. Select Odds Format: Choose Decimal, Fractional, or American. The example text updates automatically.
  3. 3. Add Bets (Legs): Enter odds for your first selection.
    • Click + Add Leg to build a multi.
    • Press Enter in the last odds box to add a new leg quickly.
  4. 4. Remove a Leg: Click Remove next to any leg to delete it.
  5. 5. View Results Instantly:
    • Potential Payout: Total return (stake + profit)
    • Total Odds: Combined decimal odds
    • Potential Profit: Return minus stake
  6. 6. Reset: Click Reset to clear everything and start fresh.

Calculate & Maximize Your Winnings with the MadMarket Betting Calculator

Sports betting is no laughing matter. If you aspire to be a decent punter, then mathematics and probabilities are the best weapons you have in your arsenal to beat the bookies.

A betting calculator is the ultimate tool, one that will transform your game and significantly improve your chances of beating the house.

MadMarket is home to a modern sports betting calculator, designed to cater to the needs of both casual and professional punters.

Let's review together how it works and explore the benefits of incorporating this into your betting routines.

Arbitrage Calculator

The Essential Role of the MadMarket Betting Calculator in Smart Betting

Betting smartly on sports is all about understanding the mathematics behind the game. Additionally, players want to know when is the right time to back, lay, or cash out a single bet or a parlay. Getting some help with mathematics and probabilities is always welcome, and there are plenty of resources online to help you do so. 

 

If you are not one of these cases, then you will need a sports betting odds calculator. This little piece of software will allow you to:

  • Quickly check the potential winnings of any bet.
  • Compare the payout across different bets to find value opportunities.
  • Ensure you can make a profit if you are looking to hedge your bet on another platform.

 

Modern-day players won’t settle for just any odds or margins. They will use a betting calculator to eliminate the house edge and gain an advantage on their side.

Unlock Key Advantages: Top Benefits of Using This Calculator

If you use a betting calculator already, you have most likely figured out why these tools are so popular globally. If not, then you need to consider using the free MadMarket Betting Calculator to: 

  • Compare odds and payouts to find the combination that will provide the desired outcome.
  • Assess different hedging and arbitrage opportunities among different betting exchanges and/or bookmakers. 
  • Learn via the calculator if the sports or the markets you prefer are offered with decent margins that you are willing to absorb when betting on that website.
  • Stop wasting time checking different tools for the various aspects of the betting process.

MadMarket offers an All-in-One sports betting calculator that saves you time and effort, both of which are valuable in today's fast-paced betting world.

Step-by-Step Guide: How to Use the MadMarket Betting Calculator on Edge

With MadMarket you can combine this simple-to-use betting calculator with the Edge Sports Trading Platform to view potential payouts and various scenarios for your bets.
Simply:

  • Access Edge by logging into your MadMarket account.
  • Compare odds across the 10+ bookies and exchanges available.
  • Enter your chosen odds and stake into the calculator to view information such as profit margin, payout, and implied probability.

That's it!

MadMarket has relaunched its sports betting odds calculator to make it more modern and user-friendly, catering to both amateur and professional players.

Top-Rated Sportsbooks: Where to Place Your Calculated Bets

Although there are thousands of great betting sites out there, there are a few that stand out for the great odds, the detailed statistics, and the fantastic UX they offer.

 

These are three players’ favorites for you to try: 

 

1. Sharp Exchange is not only a great exchange with prices from almost 30 sports and lots of special bets. It’s a full 360 experience with an educational portal, great in-play action, and adequate liquidity even on less popular leagues

2. Edge is an all-around betting experience that features a sportsbook and an exchange, offering over 20 sports. Football is the king here with more than 20 betting markets available pre-game and in-play. Trading is available in both Classic and Exchange views, allowing players to compare prices across over 10 different bookies and exchanges.  

3. Probet42 focuses on football, NBA, NFL, and Hockey games with more than 50 betting markets available on most games. It is a handicap-focused page that also offers early outright, long-term bets, and a dedicated eSports section. Worth mentioning that several events are offered with live streaming, for those who want to watch the action and place bets at the same time.

FAQs

Here are some frequently asked questions you will find regarding a betting calculator.

There are free versions and others that require a paid subscription to access the tool. MadMarket offers a state-of-the-art free betting payout calculator that will provide most of the elements and functionalities of the paid versions.

A betting calculator can't guarantee profits. However, it will definitely improve your chances and provide more visibility on the probabilities of each bet you consider placing.

Betting Calculators are legal. There are simply tools that enhance mathematical understanding around sports betting. As such, they cannot be deemed dodgy or illegal. Many online betting sites, such as MadMarket, offer calculators on their pages free of charge to their players.

Different betting calculator tools have different restrictions. The MadMarket calculator, for example, does not offer multiple currencies, but it does provide an unlimited number of events within its software. Most versions, however, will have the same four to five basic functions.

MadMarket Betting tools are free for use by any visitor of the page, regardless of whether they have an account on this betting exchange or not. The Calculators and statistics are, for the most part, accessible to every sports betting enthusiast.