Betting Calculator Spread

Spread betting size calculator — a free tool that lets you calculate the size of the bet in pounds per point to manage your risks accurately. Spread bet size does not depend on the currency pair you trade or even your account currency, so it is pretty straightforward. The formula is: bet size = (money risked / stop-loss amount). Then enter the amount you’d like to risk in the bet amount. You can enter as many wagers as you want. Just click the plus symbol when entering betting odds to generate another spot. Let’s say you wanted to use the parlay calculator to view the payout on a $50, four-team NBA parlay with both moneyline and spread wagers.

Introduction

The calculator will calculate the house edge for an event that has just two possible outcomes, known as a '.' Whether it be a spread against the spread, money line, or total, if there are only two possible outcomes, then you can use this calculator. Just put in the line on each outcome, click 'calculate,' and the calculator will tell you the house edge, assuming both sides have the same house edge.

The calculator defaults to American odds (for example -110, +120). The alternative is European odds, which are expressed on a 'for one' basis (for example 1.9091, 2.2000).

Of course, I'm not claiming that both sides always have the same house edge. This is more of a tool to determine how much juice a casino takes out. For example, if a money lines on a are +300 and -450 then the balanced house edge would be 6.38%.

For bets with more than two or more possible outcomes, please see my futures calculator.

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Written by:Michael Shackleford