When making a bet, the last thing you want is losing because you didn’t do your math right. And what a better way to make profits than with the best margin calculator?
How to Use Our Betting Margin Calculator
Basically, a betting margin is the difference between what the bookmakers offer and the outcome’s true probability.
As you can expect, bookmakers give you odds that are different from the true probability so they can have an edge over you. But that’s not going to happen if you have the best percent margin calculator like ours.
With our bet calculator, we’re all about value betting. This means you get odds that are statistically more likely to win and beat the bookmakers.
All you have to do is enter the different odds offered, the bet amount, the bet type and click to find your profit margin. You can also see the margin value.
Why Use a Bet Margin Calculator
The reason to use an odds margin calculator is to make profits. You don’t want to bet on sports blindly, do you?
You need to know exactly how much need you’ll be making, how much you need to break even and how much loss you’re willing to tolerate.
The best thing about our betting margin calculator is its effectiveness. You can choose either 2-Way or 3-Way markets. Then use an odds format of your choosing – decimals, fractional, U.S. etc.
Even better, our calculator gives you offers from various bookies so you can compare the profit percentages.
Calculating a Betting Margin
The formula for calculating the betting margin is simple and works in two ways; it"s based on either 2-Way or 3-Way Market.
You don"t need to know the exact mathematical formula because it"s already built in the calculator. All you need is to enter the odds and that"s it.
2 Way Market
This simply means the odds are based on odds with either win or lose and there isn"t a draw or a third option.
A perfect example is tennis where, let"s say Murray plays against Djokovic. The odds by one bookie will be 1.19 for Murray to win and 5.41 for Djokovic to win. The winning margin bet is calculated as such:
[(1/1.19) x 100] + [(1/5.41)] x 100 = 102.51
The bet profit margin therefore is 2.51%
You"ll then do the same for other bookies and compare the profit margins. Some bookies can go as high as 7% and hence it"s obvious you"ll have to go with the highest margins.
3 Way Market
An example is an international soccer game between the United States and Mexico, the odds are 1.9 for the U.S. to win and 4.2 for Mexico to win and 3.9 for a draw.
The formula for such a scenario is as follows:
[1/4.2 x 100] + [1/3.9 x 100] + [1/1.9 x 100] = 102.08
In that case, it means the bookie has priced the match with a 2.08%.
FAQs About Betting Margin Calculator
In this section, we take a look at some of the commonly asked questions regarding spreads margin calculators.
What is a bet margin?
A bet margin is the difference between what the bookie offers and the true probability of the game’s outcome. Essentially, it’s the edge bookies have over bettors.
How do I make profits using bet margins?
You can beat the bookies by using the best margin calculator. It helps you compare various profit margins from various bookmakers. You simply need to put in the odds, choose the odds format and click to see the percent profit margin.
What's the best margin formula?
The formula used in calculating sports betting margin is [(1/Odd A) x 100] + [(1/Odd B) x 100]
Example:
Golden States Warriors (1.92) Vs. LA Laker (2.02)
(1/1.92) x 100 + (1/2.02 x 100) = 101.43%
In this case, the profit is 1.43%.
