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Best Betting Tools For 2020
While we have churned out several sports betting strategies and winning tips so far, you are left
with applying them to your advantage. To help you get past the brainstorming, we have made a
solid list of the best betting tools you need to make 2020 a year of your turning point. Check
below.
Arbitrage Calculator
If you have read our published post on arbitrage betting, it’s likely you’ve made it one of your
best sports betting strategy. But for the sake of a first-timer, here’s a sneak peek of what
arbitrage betting is. To simply put, you’re betting by arbitrage if you back a bet and at the same
time lay it off. This is possible when two or more bookies set different odds for the same game.
And while arbitrage secures your winning by 80%, the remaining 20% is decided by your ability
to stake the right bankroll. And that’s where an arbitrage calculator finds its purpose. Just punch
the odds from your bookies of choice unto it and an arbitrage calculator gives you a total of your
profits.
Odds Converter Calculator
As a beginner, getting around the technical terms and interpreting the numbers isn’t all too easy.
Another reason you need an odds converter calculator is the chance you get to bet on foreign
platforms. Since foreign platforms have different ways of presenting their odds, you may have to
read through chunks of articles to understand them. So here’s what an odd converter does, it
interprets an alien odd into the format you understand. Just punch the odd into the calculator the
way it’s formatted by your bookie and the converting machine shows you the value of that odd in
all 3 used formats. It gives you the American format, the fractional format, and the decimal
format of your odds.
Half-Point Calculator
This is a must-have machine for NFL half-point purchasers and punters looking to make line
shopping without pressing through mathematics. Already, seasoned punters make use of the
formula; Risk ÷ Return = implied probability before the advent of half-point calculators. While
the risk is your potential loss, return on the other hand is a sum of your stake and win. For
example, when a point is written this way in an NFL game; -5 -100, the number -5 is the point
spread. On the other hand, -100 is the price, the stake, and it is also your potential loss. And in
our formula, Return = stake + win. So if you’re staking #100 to win #90, your return is 190. Now
the formula becomes; 100 ÷ 190 = 0.53. On converting 0.53 to a percentage, you have a 53%
implied probability. In the end, you want to purchase from a bookie with the highest implied
probability.
Margin Calculator
For a value bettor, knowing what your bookmaker’s probability is not enough to determine
payout and potential profit. A further step is taken to know the real probability. And to get that,
cashing in on the help of a margin calculator kicks in.