cricket betting calculator excelBet calculator using excel
I am a regular better and love betting fullcover and as such am wishing to do as follows:
Liverpool win 1-0,2-0,2-1
Nottingham Forest win 1-0,2-0,2-1
Celtic win 1-0,2-0,2-1
Aston villa win 1-0,2-0,2-1
Blackpool win 1-0,2-0,2-1
I know as a permed bet it is 3x3x3x3x3=243however I wish to place the bets as lucky 63s that cover doubles, trebles, 4folds and an accumulator. Is they any way I can input the details in excel soit will not only list each “lucky 63” but as I can add the price taken it willalso work out the return as I am thinking of picking one team from each leagueand do this each week regardless who they play as it should if correct teamspicked work out well over the whole season. If possible can excel also keep atrack of my running profit/loss although this I guess will simply A1 “Team Name”,A2 1-0, A3 2-0, A4 2-1 Then in B2-F4 will be the price for each score. Then Ineed to know how to work out the 243 separate “lucky 63s” along with the returnfrom each. Although I will need to be able to see each of the 63 calculationsin each of the bets so as to cut out the losers.
Please note I am not asking on views of thebet or my logic behind it. I just wonder how to get excel to do such acomplicated thing.
Thank you so much for your help. I will beonline all night should any questions need answering.
cricket betting calculator excelBet Calculators
Bet calculators are useful betting tools that will help you make the most of your online betting experience in India. If you do not know how to use them, no need to worry. We will explain what a betting calculator is and which bets it’s applicable to. But that’s not all. You will be able to find an online bet calculator right here, as well.
As we have already mentioned, bet calculators are incredibly handy tools that will help you calculate your returns for various bet types. If you are considering placing a bet and want to check what your potential winnings will be like, then free bet calculators are the solution for you.
A fantastic advantage of the sports betting calculator is that it is incredibly easy to use. Of course, this is the reason they are very popular in the online betting community in India.
Using a free online bet calculator is extremely straightforward. You need to provide three main pieces of information, and the odds betting calculator will do its magic, and you can see your potential returns.
Here are the steps you will need to take.
Firstly, select the bet type (we will discuss various bet types in our article later, so make sure to pay attention).After that, select the odds format that suits you best (decimal, fraction, moneyline).Then, enter the odds in the appropriate field and select the outcome (win/lost/void).Once you have completed this, you will need to provide the stake.All that’s left to do now is tap the “Calculate” button and you will be able to see your total stake, as well as your potential return and profit.
Before maximising the potential of betting calculators, you should familiarise yourself with all the bet types you can use. The list is quite extensive, so we have taken the time to elaborate on some of the most popular types.
A single bet is one of the most basic bet types, which is why it is favoured by sports betting newbies. Essentially, you are betting on the outcome of the game. For example, you are betting a football game for a team to win, draw, or lose.
This bet type is also very easy to grasp, even though it falls into the multiple bet category. By placing a double bet, you are combining two selections in one bet. In case both of your selections win, your bet will come through.
In a quite similar fashion, a treble bet combines three single selections. These selections are also referred to as “legs” that constitute a multiple bet. Of course, you need all these legs to be successful for your bet to be a winner.
An accumulator bet or an acca is one of the most popular multiple bet types. The main reason is that the odds you will get for an accumulator are significantly greater than those you would get for placing individual bets. As it contains multiple selections, all of these singles need to win for you to get a return.
Now, we are moving on to various bets that are especially popular in horse racing. One of them is a Trixie, consisting of four equally-valued bets on three selections in different events. In essence, it combines three doubles and a treble.
A patent bet is similar to a Trixie as it also contains three selections. However, a patent contains singles, so we are talking about seven bets in total. Three of them will be singles, three will be doubles, and one will be a treble.
A very exotic bet by type (which is why you will find it in a betting odds calculator), a Yankee encompasses eleven bets in four different events. It contains one four-fold acca, four trebles, and six doubles.
A very comprehensive bet but incredibly popular among Indian bettors due to the range it offers is a Lucky 15. One single, one four-fold acca, four trebles, and six doubles have found their place in this bet. In total, that’s 15, so you see how it’s gotten the name.
As you can imagine, Lucky 31 consists of five selections and 31 bets in total. You will have a single bet, ten doubles and trebles, respectively, and five four-fold accas for these selections. Of course, all your selections need to win for your bet to be a winner.
With six selections and 63 bets in total, a Lucky 63 is similar to the previous bet but also improved. One single, 15 double bets, 20 treble bets, and three different accas – one six-fold, 15 four-folds, and six five-folds.
You can probably guess how many bets this one consists of. Just like the legendary ketchup has 57 varieties, this one features 57 bets across six selections. An assortment of doubles, trebles, and accas– a Heinz is for experienced bettors with extensive market knowledge.
What’s better than a Heinz bet? Well, a Super Heinz, of course. With 120 bets in total, this seven-selection wager is yet another one with both extensive betting knowledge and experience under their belts. This bet is one of the most popular full cover bets, so a full cover bet calculator will be of great use to those considering placing it.
This bet is also known as a Super Yankee as it is a sort of an improvement to this bet type. Essentially, there are 26 bets in total, and you need two selections to win for getting a return. With such a massive bet, a bet odds calculator will be your best friend, of course.
Apart from the above mentioned bets, the other most important calculator that helps in calculating bets is net run calculator. It helps to calculate the performance of an entire cricket team?rather than an individual team member. Cricket Players use this calculator to rank different cricket teams with similar points while football players use it to relate goal differentials.
When talking about an odds betting calculator, we need to elaborate a bit on what betting odds are. Of course, experienced bettors know all about various odds formats and such, but we will explain in more detail as those with modest betting experience might learn a thing or two.
In essence, what you need to know about odds is that they display the probability of a certain outcome happening. This probability can be represented in several different formats, including fractional, decimal, and moneyline. Of course, all the major bookmakers nowadays allow you to select your preferred odds format.
Fraction or fractional odds are also known as British odds. You will recognise them by the way they are written, either with a hyphen or a slash. For example– 6/1 or 6-1.
Fractional odds of 6/1 mean that you can win 6 INR for every 1 INR you stake. Also, you will receive your initial stake back. For example, if you stake 1000 INR at the odds of 6/1, your total payout will be 7000 INR (6000 INR profit and 1000 INR your stake).
Decimal odds are also referred to as continental or European odds. Some players find them to be easier to understand due to their format. For example, here is what they look like– 2.50.
As opposed to fractional, decimal odds represent the amount you can win for every 1 INR that you stake. So, you do not see the entire payout, but just the profit. This makes them easier to understand than fractional.
Let’s say that you want to stake 1000 INR on the odds of 2.50. This means that your entire payout can be 2.500 INR.
Another popular odds format is moneyline or American odds. You can see them in the following format: -120, + 150, etc., with a minus or a plus sign in front. So, a team assigned the odds of -120 are the favourites, as opposed to the team assigned +150, who are the underdog in this particular game. The easiest way to understand it is to use the example of a 100 INR bet.
In our example, the favourites are assigned the odds of -120. This means that you will need to wager 120 INR to win 100 INR. On the other hand, the odds on the outsiders are +150. This means that a 100 INR wager at +150 will bring you a profit of 150 if your bet is correct. As a result, the entire payout will be 250 INR.
Those who prefer placing cricket wagers will be happy to hear that they can also make the most of the cricket bookie calculator. For example, this calculator can serve as a match bhav calculator or a cricket satta calculator if you are interested in these bet types.
Indian bookmakers prefer using the word bhav instead of odds, so essentially, these calculators are the same as odds bet calculators. This means that when it comes to cricket satta bhav, you can find them in the formats we have discussed above– fractional, decimal, and moneyline.
All the major bookmakers in India offer betting on the T20, One Day Internationals, and Test Cricket. Also, you will find the IPL, ICC Cricket World Cup, the Ashes, and lots of other prominent cricket leagues, so having a handy calculator before placing a bet is pretty convenient.
Of course, other sports are well-represented on Indian betting sites. The most prominent ones are football, tennis, basketball, table tennis, and many more. What’s more important, you can use a gambling calculator to figure out your potential returns for placing a bet on all of these sports.
cricket betting calculator excelBetting and Trading Excel tools cricket betting calculator excelBetting and Trading Excel tools
Extracts statistics on goal timing from raw data available at CGMBet.com, and occurence of second goal based on time of first goal.
Extract time and sequence of goals for all matches in specific league and season.
Excel 2007 file, ~1.9 MB.
Detailed instructions on how to use the spreadsheet can be found in this respective thread at Geeks Toy forum.
Excel 2007 file, 715 kB.
Furthermore, you can download entire CGMBet database used for this calculation, ending with season 2014.
Excel 2007 file, 22.5 MB.
Poisson distribution allows calculation of probability and odds of correct score (and hence 1X2 outcome) and total goals, based on expected goals of each team.
One of the ways (though, not necessarilly the best one) to turn goal expectations into odds is Poisson distribution.
Though, you need to be aware that Poisson distribution, when applied to predict football matches, has certain flaws and limitations; there are numerous sources on that topic, and you can read, for example, one at Pinnacle before using the calculator, to understand the pitfalls of that approach!
Excel 2007 file, 20 kB.
Simulation of profit/loss at Betfair’s Match odds market.
File created after thread at Geeks Toy forum: A Query based on Market Sports Trader Blog.
Excel 2007 file, 15 kB
Simulation of profit/loss at Betfair’s Correct score market.
Excel 2007 file, 15 kB
Calculation of number of folds (combinations) from specific number of selections
Based upon Punters Lounge thread 24 selection bet calculation.
Note: main spreadsheet purpose is calculation of number of folds, not profit, so it assumes the same odds for all selections.
Excel 2007 file, 15 kB
Strategy to evaluate expected match outcome and expected number of goals on the basis of recent team performance in comparison to “average” team performance
This strategy has been inspired by article at Understanding Uncertainty blog.
The strategy assumes that as the season goes by, average number of goals scored and conceded by each team is more accurately defined, thus allowing comparison of team performance against average performance; therefore I named this strategy Leaning Towards Average.
Spreadsheet contains example for beginning of the season in Championship 2010/2011; though, it didn’t provide initial success, and I gave it up. However, it should not be entirely ditched off based on ten rounds and one league only.
Excel 2007 file, 1.9 MB
cricket betting calculator excelFind Arbitrage Bets – Arbitrage Betting Strategy & Calculator
The term arbitrage actually comes from the financial world and is primarily to be found in forex trading.?For sports bettors who want to make lasting profits with online bets, however, it can also be worthwhile to take a closer look at this topic.?Because in the field of sports betting, arbitrage betting is also a possible concept.?The aim of arbitrage betting is?to take advantage of?the?bookmakers’?fluctuations in odds.?And the whole thing apparently without any risk.?What sounds like a fairy tale at first, definitely requires a lot of knowledge and research.?We show you what arbitrage bets are and how you can use them sensibly.
The term arbitrage comes from French and describes the possibility of exploiting different prices for one and the same commodity.?In relation to sports betting, it is a strategy in which the differences between the betting odds of different bookmakers are used profitably.?The purpose of arbitrage bets is therefore to reap a secure profit through price and odds differences after the sports bet has been concluded.
But how does it work: betting with a sure win??When placing the arbitrage bet, the sports bettor takes advantage of the natural and temporary fluctuations in the range of the betting odds offered.
When adjusting the odds for a particular sporting event, bookmakers make a variety of considerations.?Among other things, the changed performance of individual teams, injuries to players as well as other current events and occasionally the bookmaker’s gut feeling are taken into account.?In many cases, this makes it a rule that the betting odds can rise as well as fall by the time the game starts.
This is particularly evident in the area of?live betting?.?Here the betting odds are directly aligned with the current events on the field.?This inevitably leads to permanent changes in the betting odds.
The above example shows a selection of live bets at the bookmaker?Tipico?.?Sports bettors will definitely find what they are looking for when looking for arbitrage bets.?Due to the rapid and frequent changes in the game, there are also more and more gross differences in the odds structure by the respective bookmakers.
The concept of arbitrage betting is now quite simply to recognize the changes and developments in the betting market as early as possible and in this way to achieve a profitable effect.?Because of course different tips are given at the same event at different bookmakers.?Due to the different betting odds, these promise a plus on the betting account regardless of how the event ultimately ends.
Example of arbitrage bets in the field of tennis
The easiest way to explain the concept of arbitrage betting is with an example from practice.?Let’s take a tennis match between Raffael Nadal and Roger Federer.?Assuming that the Spaniard wins, a bookmaker offers odds of 1.5.?In contrast, the rate for a Federer victory at the best sports betting provider is 3.65.
In order to be successful in any case with an arbitrage bet, the stake is divided.?Of the total amount of 940.64 euros, 666.67 euros are bet on a Nadal win.?The remaining 273.97 are invested in a winner’s tip on Federer.?In this case, regardless of the final result, there will always be a win.
If Nadal wins:?If Raffael Nadal?wins?, the sports bettor makes a profit of 1,000 euros from the first bookmaker.?This is simply determined from the betting odds (1.5 × 666.67).?Of course, the lost bet at bookmaker 2 and the stake must be deducted from this: 1,000-940.64 = 59.36.?The net profit is thus 59.36 euros.
If Federer wins:?If Roger Federer?wins,?Bookmaker 2 will also win 1,000 euros (3.65 × 273.97).?If you also subtract the lost bet at bookmaker 1 and the stake, the result is logically a net profit of 59.36 euros.
Regardless of how the two opponents fare, there is always a profit on the betting account.?From this point of view, arbitrage betting can be said to be risk free.?The problem with this: How can these be found?
In order to be successful with arbitrage betting you need to be patient and act quickly.?Because of the constant changes in online betting, there is often only a very short time window in which the odds can be used for a safe bet.
The basis for placing arbitrage bets is a comprehensive?comparison of betting odds?.?There are various tools available to help you find the best odds.?In order to be able to recognize tendencies and fluctuations, it is advisable to compare the betting odds of the various bookmakers over a longer period of time.?If there is now the suspicion that a certain offer could be an arbitrage bet, a simple calculation can provide certainty:
Value to check the arbitrage bet = 1 / odds 1 + 1 / odds 2
Here, too, we give a small example.?In a soccer game, the odds for more than 2.5 goals with the first bookmaker are 2.0.?Another sports betting provider has a betting odds of 2.1 in its program for a game outcome with less than 2.5 goals.?Using the formula mentioned, the calculation would then look like this:
1 / 2.00 + 1 / 2.10 = 0.976
If the calculation results in a number less than 1, the sports bettor always wins.?In the example above, this would correspond to 2.3 percent of the stake.?(1-0.976 = 0.023).
If a suitable Abritage bet has been found, the question now arises as to how the bet is best divided.?The optimal distribution can also be determined using a corresponding formula.
Bet for the tip = desired payout / betting odds 1 or 2
The calculation can also be explained using a small example.?Assume an amount of 100 euros (desired payout) is to be used.?This results in a stake of 50 euros (100/2) on the goal bet with more than 2.5 goals.?For the tip with less than 2.5 goals, 47.60 (100 / 2.1) are used.
With this distribution of stakes, the sports bettor can look forward to any number of goals.?A total of 97.60 euros is staked for the two bets, but the profit is 100 euros in each case.
As already mentioned, arbitrage bets are a concept that, if used correctly, will always result in a profit.?Nevertheless, there are a few points to consider with this betting strategy.?The uncertainties here mostly lie in other areas.
High commitment required
A high stake is required in two senses in arbitrage bets.?On the one hand, it takes some time to find the right betting odds and, on the other hand, a correspondingly higher amount has to be used.
Since this strategy always involves betting with different bookmakers, several betting accounts are of course required.?In this respect, an active account must be available with as many sports betting providers as possible.?In principle, the following applies: The more bookmakers are available for arbitrage bets, the better odds differences can be achieved.?However, sports bettors should always be careful not to lose track of things.
If a suitable arbitrage bet has been found after an intensive search, action must be taken as quickly as possible.?Since the current odds can be changed by the bookmakers at any time, there is usually only a very short time window for placing bets.?Because if one of the two tips is played and the odds of the second betting provider change in the wrong direction, the dream of a safe bet is over.?The real risk with this type of bet lies in the time resources.
Bookmakers are constantly adjusting their risk assessments.?Therefore, an arbitrage can take as little as 15 minutes.?So time is a crucial factor.?However, as soon as the person is pressed for time, mistakes can occur.?Arbitrage software systems can be helpful in this case.?However, the cost of doing this will also affect your profit margin.
Betting tax as an obstacle
The?betting?tax introduced in?2012?makes arbitrage betting an extremely difficult undertaking.?Since there is only a small profit due to the small difference in odds compared to the stake, this can be completely eaten up by the 5 percent betting tax.?However, there are also bookmakers who offer tax-free sports betting.
Bet cancellation
Bookmakers always have the option to cancel incorrect bets.?However, this means that the customer is not protected in such a case.?It is easy to lose profits that have been made over a long period of time.
Overall, arbitrage betting is a strategy that targets errors, inaccurate assessments by betting providers and fluctuations in the market.?The strategy has been used since bookmakers existed and especially since sports betting has been a normal leisure activity.?The online sports betting offer has now made it easier for tipsters to compare the odds and act quickly.
On the other hand, the severe time restrictions must be observed.?Because it is of course in the interest of the bookmaker to adapt the betting odds to current changes as quickly as possible in order to reduce the possibility of arbitrage bets.?Of course, this also results in a very special thrill in risk-free betting.
Of course, there is also a certain risk with arbitrage bets.?If the sports bettor miscalculates or misjudges a situation, there is a risk of high losses.
Check out some of our Best Betting Spreadsheet ?- Analysis football. They will provide you with detailed analysis of each match with high visibility of the results in cricket betting calculator excelBetting and Trading Excel tools each match.
cricket betting calculator excelHow Bookmakers Calculate Sports Betting Odds： Types, Line and Adding Margin
Once bookmakers came up with an ingenious mechanism for calculating odds and are still getting rich.?In this article, we will analyze where the bookmakers get the odds from, how they put the commission in them, and why they constantly change them.
This article was published thanks to?the”Excelbetting.com” Betting Spreadsheet – Analysis, study sports betting, take tests, earn experience and beat the leaderboard. Outrun the editor-in-chief!
Coefficient – the probability of a particular outcome, taking into account the bookmaker’s margin.?By the coefficient, determine the possible payout and net profit in case of a successful bet.
In the Russian Federation, the European coefficient is convenient for most players.?It is written as a decimal fraction, usually with two decimal places.
Determine the possible payout by multiplying the bet amount by the odds at the bookmaker’s office.
Sports betting margin is the bookmaker’s commission included in the odds.
Calculate the European odds percentage margin using the?formula:
(1 / K1 + 1 / K2 + 1 / Kn – 1) x 100?, where K1, K2, Kn are odds for the outcomes of one market, n is the number of selections in one market.
Read more about what is the margin in bookmakers here:
For example, in the hockey match “Spartak” – “Dynamo” the bookmakers gave the odds 3.03 for the home win in regulation time, 4.04 for a draw and 2.17 for the guests.
Let’s imagine that you decide to place a bet of 1000 rubles on the home win with odds of 3.03.?If Spartak wins in regular time, the payout will be 3030 rubles: 1000 x 3.03.
Let’s consider two other types of coefficients of the three main ones and how to convert them to European:
British coefficient
Written down as a regular fraction.?Determine the potential profit when betting on UK fractional odds by multiplying the stake by the fraction.
Let’s imagine that in a football match Lokomotiv – Zenit you bet 500 rubles on the home team’s victory with a coefficient of 5/2.?If Lokomotiv wins, the profit will be 1250 rubles: 500 x 5/2.?You will receive 1750 rubles: 1250 + 500.
Convert the British coefficient into the European one?using the formula:
Ke = Kb +1?, where Ke is the European coefficient and Kb is the British one.
American
Write down as an integer with a minus or plus sign.
Plus US odds show the potential net profit for a stake of 100 rubles.
The US minus ratio shows how much you need to bet for a potential net profit of 100 rubles.
For example, in the tennis match Daniil Medvedev – Paolo Fognini, the bookmakers gave a coefficient of -417 for the victory of the Russian, and +320 for the Italian.
With a stake of 417 rubles on Medvedev, you can get 100 rubles in net profit.?And on Fognini it is enough to put 100 rubles in order to receive 320 rubles of net profit if the Italian succeeds.
Convert US plus odds to European odds?using the formula:
Ke = Kap / 100 +1where Ke is the European coefficient and Kap is the American plus ratio.
Convert the American minus coefficient to the European one using the?formula:
Ke = 100 / (-Kam) +1?, where Ke is the European coefficient and Kam is the American minus one.
The odds are calculated in three steps.
Probability.?First of all, bookmakers use the work of analysts who determine the likelihood of an event.?Bookmakers buy data from analytical agencies or trust the opinion of their employees.
Calculation of coefficients.?The results obtained are converted into coefficients.
Adding margin.?Bookmakers put margin in odds to be in the black over the course of the race.
Let’s imagine that in a football match Barcelona – Sevilla, analysts estimated the home win at 68%, the guest win at 10%, and the draw at 22%.
For European odds, divide 100 by each probability.
The line of the main outcomes of the match will look like this:
W1 for the odds 1.47: 100/68.
X for 4.54: 100/22.
W2 for 10.00: 100/10.
For example, a bookmaker wants to set a margin of 6%.?Then the sum of the probabilities will no longer be 100%, but 106%.
This extra 6% will be distributed depending on the previously calculated odds:
4.08% Home Win: 6% x 0.68.?Now 72.08%: 68% + 4.08%
1.32% draw: 6% x 0.22.?Now 23.32%: 22% + 1.32%
0.60% to the winnings of guests: 6% x 0.10.?It will be 10.60%: 10% + 0.60%.
Then the bookmaker sets the odds per line, taking into account the margin:
W1 for the odds 1.39: 100 / 72.08.
X for 4.29: 100 / 23.32.
W2 for 9.44: 100 / 10.60.
Bookmakers change the set odds for several reasons.
Comparison of odds in different bookmakers
The bookmaker pays attention to the odds of the outcomes of sports events in other bookmakers.?In order not to create surebets, the coefficients are adjusted.
A fork is an opportunity to bet on the outcomes of one market with a guaranteed profit.
Read more about surebets in sports betting here:
Changes in the balance of power in the match
Analysts constantly monitor the current information in order to re-evaluate the chances of opponents in case of changes.
Imagine that the day before the Barcelona v Real Madrid football match, it became known that Lionel Messi would miss the match due to injury.?In this case, the bookmakers will increase the odds for the victory of the blue garnet and lower it for the “creamy” ones.
Progruz
Sports betting load is a change in the odds for a large number of bets.
For example, in the tennis match Novak Djokovic – Rafael Nadal, the odds for the victory of the Serb were 1.51, and for the Spaniard 2.54.?Due to the large number of bets on Djokovic, the bookmaker reduced the odds for the Serb to win to 1.38 and increased on Nadal to 3.05.
The odds at the bookmaker’s office reflect the opinion cricket betting calculator excelBetting and Trading Excel tools of analysts and include the margin.?Bookmakers promptly respond to changes affecting the outcome, and due to the margin, they are profitable at a distance.?For long distance profits, you must judge the odds better than a team of professional analysts.
Betting Software
