Sports betting can be extremely difficult sometimes.

You have mountains of odds to go through, countless different markets, and the consistent challenge of having to decide how much money you’re going to bet.

It’s not for the faint-hearted.

This is why a lot of today’s sports bettors — especially football and horse betting fans — have started using a new type of tool: the free bet calculator.

Punters can use a free bet calculator for a number of different purposes. This can include calculating odds, converting different odds formats, and figuring out whether specific bets are actually worth the money or not.

Here, we’re going to do a deeper dive into all of this so that you can walk away and start using betting calculators to your own benefit. Even if you only bet on sports a few times a month, you can still benefit from it.

What is a Free Bet Calculator?

The BettingTools calculator is a type of calculator used by bettors to figure out odds, returns, and profits. You often see it used by people doing matched betting, but it’s also perfect for when you want to do something as simple as calculate the profit for a Premier League match-winner bet. And as the name already tells you, anyone can use these calculators for free without spending a penny, so there’s nothing to lose.

⚽️ Let’s say you want to bet £10 on an upcoming Premier League game between Liverpool and Aston Villa. Liverpool’s odds to win are listed at 3.0 (2/1). You then enter the odds and your proposed stake on the free bet calculator. After a few seconds, it would tell you that betting your money on Liverpool to win would return a £20, allowing you to then go ahead and decide whether you want to place the bet or not.

The great thing about these betting calculators is that the vast majority of them on today’s market allow you to calculate the outcome for all types of bets. This includes:

• Match winner
• Over/under
• Accumulators (“Accas”) 
• Handicaps
• First goalscorer

Remember, you also have the option to choose the type of odds you want to enter, such as decimal or fractional. This is entirely down to personal preference. Simply choose the odds you're most comfortable with and free bet calculators work around it.

Why You Should Use a Free Bet Calculator

A free bet calculator can benefit every type of sports bettor out there. This includes beginners, intermediates, and even experienced punters who’ve been betting for decades. Here’s a closer look at why.

✅ Eliminate Guesswork

Ever felt like you’re guessing when looking at odds and deciding how much you want to bet? This is common in the sports betting world. But with a free bet calculator, you can effectively eliminate all guesswork by having the numbers right in front of you. After you enter your desired stake and the odds attached to it, a free bet calculator will let you know instantly how much you’re potentially going to win, so there’s no confusion going on.

✅ Gain Control of Your Accas

One of the biggest betting trends over recent years has been the explosion of “accas” (also known as accumulators). These are a big hit with football fans, who usually spend an hour building their parlays before each match day weekend. The slight problem with parlays, though, is that they can be extremely complicated, especially when there’s a lot of legs involved. But whether you’re creating a 3-leg or 10-leg parlay, you can enter all of it into your bet calculator and get an instant response as to how much profit you’d get.

⭐️ Bet calculators also multiply all of the odds together from your acca to give you one complete total in the end. Sometimes, accas can sound great in your head when in reality the combined odds are terrible, so this is a great way to shed light on whether your accumulator is actually worth placing. For instance, Liverpool (2.0) × Arsenal (1.8) × Man City (1.5) converts to 5.4 final odds, meaning the chances of your acca being successful are quite low.

✅ Get Help With Matched Betting

A lot of punters today are doing matched betting. If you didn’t know already, this is when you use free bets and special offers from sportsbooks to essentially make a guaranteed profit. However, it requires a lot of time and effort, especially when you’re adding up the different odds. So, if you’ve tried matched betting before but struggled with it, use a bet calculator to help. What it can do is calculate the exact amount to stake on the bet and the lay bet, so you can get your guaranteed profit or (at the very least) keep any losses under control.

✅ Make Smarter Bets

The general purpose of free bet calculators is to help you place smarter bets. No more reckless parlays or one-in-a-million singles. Instead, you only ever place bets with a realistic chance of winning and a healthy profit margin, which is especially great if you’re someone who has traditionally struggled with numbers and calculating your own bets in the past.

✅ Keep Your Budget Under Control

Lastly, an underrated benefit of using bet calculators is that they help to keep your budget under control. Problem gambling is a big issue at the moment, with countless punters placing money on silly bets that they can’t afford to lose. Luckily, this can be counteracted just by using a bet calculator, as it automatically forces you to look at exact odds, profit margins, and outcomes. If something is unrealistic, the bet calculator will let you know, allowing you to cancel plans for the bet before it’s actually been placed. This way, your budget stays under control.

Summary

There’s everything to gain from adding a betting calculator to your list of betting tools moving forward. Whenever you’re stuck on an accumulator or simply need some help converting fractional odds to decimal odds, a free bet calculator will do all of it for you in a matter of seconds. Plus, you’ll be able to gamble much more responsibly — and that’s a no-brainer in today’s sports betting space.