The Most Useful Tools for Both Beginners and Professional Punters

Betting implies huge amounts of data processing, which makes gamblers keep a lot of information in their mind. With this, there are some special tools and software programs that can bring necessary assistance to this gambling process. These tools are represented by calculators of different kinds that are offered by the most of online bookmakers.

Nevertheless, there are some online bookmakers offering particular, if not unique, kinds of calculators. For instance, it relates to margin ones. In fact, you can hardly find a bookmaker that will provide you with an opportunity to find out what charges are inserted into wagers. It can be explained by a fact that numerous bookmakers fix extremely high margins. Thus, if you deal with a bookmaker that offers such an opportunity, you can be sure that your cooperation is trustworthy.

The same situation is with arbitrage calculators. It is not a secret that the most of bookmakers do not welcome arbitrage gamblers because the latter ones are said to have better chances to win some winnings than ordinary bettors have. That is why some bookmakers even close arbitrage accounts, to say nothing of offering an arbitrage calculator. Nonetheless, there are still bookmakers that welcome arbitrage betting. Thus, it is just necessary for you to find one.

Of course, this was not an exhaustive list of calculators and tools available. In fact, it is quite possible to completely base your betting on the software programs and not panic concerning wrong calculations. The only necessary thing here is to be ready to seek, and you will obviously find something that will perfectly meet your requirements and preferences.

Profits Calculators

Profits calculators are the easiest and the most popular kind of calculators found in the betting industry. They are used mostly by beginner gamblers in order to find out how much they can win from a certain stake. Thus, it is necessary only to insert a stake amount and odds you intend to bet, and the calculator will immediately produce possible returns.

Moreover, such calculators can be used when you deal with multiples. In this case, you need to add all the odds that form your accumulator, and the tool will quickly conduct all the necessary calculations.

Odds Converter

It is true that there are different odds formats in the whole betting industry. Depending upon a bookmaker you deal with, you can come across Fractional, Decimal or American odds. Of course, all these odds types mean the same, but they have a different shape that cannot be clearly understood at the first sight.

Fortunately, there are special programs that are able to easily convert the odds. In general, you are to insert odds you have, and the converter provides you with their counterparts from the other coordinates. The given converter is extremely profitable for gamblers dealing with foreign bookmakers.

Margin Calculator

All the professional punters are well familiar with margins and perfectly know how to calculate it. For beginner gamblers, it can be a serious surprise that odds are not a direct reflection of teams’ probabilities to win an event. They are slightly or severely overstated by bookmakers in order to provide themselves with guaranteed profits. And it is this overestimation that is known as the bookmakers’ margins.

If you do not want to calculate margins manually, you can use the calculator mentioned above. For this, you need only to insert odds published on all the outcomes of a single event and press Calculate button. You should remember that the lower the margin is, the more trustworthy and reliable a bookmaker is.

Arbitrage Calculators

As it has already been mentioned, arbitrage is a special kind of gambling that manifests itself in betting on opposite outcomes with different bookmakers in order to guarantee money-making.

Experienced punters know that it is rather risky to deal with arbitrage betting because a lot of bookmakers do not like this strategy. Nevertheless, it can be profitable here to monitor the industry in order to find an arbitrage welcoming bookmaker. If you cope with this task, it will be more often than not that such bookmakers provide their users with arbitrage calculators to make their gambling more convenient and beneficial.

Final Judgement

As you can see, there are a lot of certain tools and calculators offered by bookmakers that can help you to earn money by gambling. Finally, it should be mentioned separately that none calculator will be able to make your betting lucrative unless you place wagers only on the basis of careful analysis and deal with the positive expected value.