Point spread betting calculator
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Launched in early , PointsBet is currently the only Australian-licensed spread betting operator. Read our PointsBet review. The Impact of Changing the Maximum Risk Setting Increasing the maximum loss level also increases the maximum win level, so you receive a greater maximum potential payout to compensate you for the higher potential loss. Decreasing the maximum loss level enables you to increase the stake because the balance withheld drops.
With a higher stake, you win more money if the bet covers the line by a small amount, however you lose more money if the bet fails to cover the line by a small amount. Note that many PointsBet markets only offer one risk setting. This calculator is designed for markets where the risk setting can be chosen from a range of numbers e.
In PointsBet you can use the slider to change the selected risk level to a setting in-between the minimum and maximum risk levels offered. What are true odds? Implied odds and true odds are important in determining if you are making a bet that has good value. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet.
Implied odds are the conversion of a sportsbooks offered odds into an implied win probability. A spread bet in football is normally offered at on both sides of the bet. This gives both outcomes a win probability of The implied probability of this spread bet winning would be Let's use the above bet of for both outcomes on a NFL spread bet. We know that both outcomes have an implied probability of If that same outcome has a true probability of This seems easy, but how do you find true odds?
Essentially, true odds are subjective. However, one person can calculate true probability by using predictive models. This is where handicapping comes into play. Example Game: Tennessee Titans vs. Bills game at even odds. By using our odds calculator, you can calculate the implied probability of either team winning.
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This calculator is designed for markets where the risk setting can be chosen from a range of numbers e. In PointsBet you can use the slider to change the selected risk level to a setting in-between the minimum and maximum risk levels offered. For total bets you also need to input whether you plan to take the Under or Over selection.
The calculator will set the stake to a value that equates the closest to with outgoing over the amount withheld from your account balance until the bet is settled. By default all PointsBet members use Cash accounts. Max Loss Levels Offered: enter the lowest and highest risk levels that PointsBet enables you to select for this bet.
If you find any of the above fields confusing, try playing around with various values to see how they impact the resulting calculations. PointsBet Spread Betting Calculator. The implied probability of this spread bet winning would be Let's use the above bet of for both outcomes on a NFL spread bet.
We know that both outcomes have an implied probability of If that same outcome has a true probability of This seems easy, but how do you find true odds? Essentially, true odds are subjective. However, one person can calculate true probability by using predictive models.
This is where handicapping comes into play. Example Game: Tennessee Titans vs. Bills game at even odds. By using our odds calculator, you can calculate the implied probability of either team winning. Since the same odds are offered for the Bills to win, the implied probability for the Bills to win are What can you do with this information? If you are able to calculate true probability, you can use those odds to make an informed decision on who to bet on. It is important to note that if your true probability is higher than the implied probability that a sportsbook is giving you, then that is a valuable bet.
Creating an accurate predictive model can take years to perfect. This is not something that everyone can take advantage of, but if you are looking for a place to start you can check out the resources we have on our betting education page.