The Gambit profit calculator
The calculators still broke, don't use them.
This means you, Reloy. I guess AIDz can use them - that's fine.
This means you, Reloy. I guess AIDz can use them - that's fine.
The calculators
Enter in the amount you wish to bet, and the odds for the teams (in decimal/European format - you may need to change this in your profile), and the calculator will do the rest. You'll get how much to bet on each team, and also the calculated winnings as both an absolute number (i.e. the amount you're expected to profit) and as a percentage profit.
If using an Ad Blocker, or a Browser such as Brave, you may need to turn it off for the embedded calculator to show up. Sorry!
2 teams (e.g. MMA, eSports, Baseball)
3 teams (e.g. football/soccer)
Skewed bet calculator
If the odds are so far apart on some matches, why does the bet have to be equal between the two options? If the underdog is so heavily out of favour, is there more profit to be had by betting heavier on the favourite? The answer is, of course, YES! Enter the odds for the two teams as normal, but also enter the minimum profit percentage you want from a card (2.27% is equivalent to $1 a day profit if spending 5000G (4400 SB) and 0 would be break even). The calculator then works out the bet value that will give you approximately your minimum profit on the underdog, and then maximizes your winnings for the heavy favourite.
At this time, it will not warn if your bet on the favourite pays out under your minimum entered profit, so make sure you check before betting!
Reverse skewed bet calculator
Note that if the loss value and the percentage loss shows as negative, then that means the underdog will pay out more than the favourite, and a "normal" hedge is most likely profitable. Click the arrow to drop down some examples...
The multiplier for the favourite is 1.23, and the underdog is 1.56. On a 1000 G bet with a minimum desired profit of zero on the favourite, then an underdog win would pay out 418.08, for a potential loss of around 53%. (For me, this would be too close to skew, but it's just an example!)
For a more heavily favoured bet, let's imagine the multiplier for the favourite is 1.11, but this time the underdog is 5.0. On a 1000 G bet aiming to break even on the favourite, then the underdog would pay out 945 - more than the favourite, which is set to break even. The negative loss (-5% in this example) means that it's better to hedge normally - the same values input in to the normal hedge bet calculator gives a guaranteed profit of 0.89% - or even to input the numbers in to the skew calculator - a skew0 on these odds give a 1.13% profit.
If these examples don't make sense, drop me an email and we can talk more!