Using a bet calculator for all popular bets: A step-by-step guide to finding your potential payout with our free bet calculator

Whether you'd like to find a Patent calculator, use a Trixie calculator or work out returns of a Lucky 15 bet, the way this tool works is pretty much standard.

Pick bet type

At the bet type drop-down form you'll see different options for your bet: single, double and so on. Pick the one you'd like to place.

Select betting odds format

Since you might find fractional or decimal odds (or american ones, of course) and they're all calculated differently when it comes to original stake and potential return, you'll have to pick the format within the bet calculator.

Each way, Dead Heat, Rule 4

There are also some additional options you need to select. For the each way you simply pick either an 'yes' or 'no' so the calculator will be able to adjust accordingly. And you can also make use of the Rule 4 and Dead Heat for when you're placing your bet on horse racing or greyhounds for adjusting the winnings if runners get withdrawn prior to the race. Now, this is important due to several reasons. First, if you'd be placing a simple single bet for a horse to win the returns are calculated accordingly. But for the free bet calculator to work out your sports bet when it's each way, you'll need to provide the odds on the place markets, too, and the calculation changes, so there's a special feature integrated in our free to use tool. On the other hand, if a Rule 4 deduction occurs, the returns will be lower due to them changing to account for the odds of the withdrawn horse and the fact that the other horses now have higher chances. Almost the same is valid for the Dead Heat on greyhounds. But when using a bet calculator, you can use the respective features to account for that and see the returns you can potentially get.

Enter bet details

Now you'll need to enter the odds of the given selection. Once you've picked the format in the previous step, the field will change and you'd be able to enter them in a decimal, american or fractional mode.

Make a selection for the outcome

The outcome includes several options: Win, Lose and Placed. Of course, the win one is self-explanatory. The Lose allows you to re-calculate the outcomes should not all of your multiple bet selections win and, lastly, the Placed is used for each-way bets.

Add additional bets

Now, when you're calculating double bets, trebles and other types of multiples, you'll have lots of selections. Now's the time to add them. If you've picked a particular type of bet (for instance, when you'd like to use a Lucky 15 calculator and so on), the tool will automatically provide with the exact number of rows for the selections included.

Pick your stake

Of course, you'll need to enter your stake, too, when you use Odds.Online - - free bet calculator to work out your total return or the total profit.

Calculate and see the bet breakdown

Last you need to confirm you're all ready and the calculator will work out the bet breakdown: total outlay, return and profit.