If you're looking to work out the potential winnings associated with different selections, this free online bet calculator is essential. You can use the tool to create a bet that seamlessly matches your preferences, with the potential winnings updating as selections are added, taken away, or edited.   

Below, we explain exactly how you can use this comprehensive online bet calculator when you bet on sports online, while also taking a look at the different types of bets that are supported and much more!   

What is a Bet Calculator?

A bet calculator is a handy online tool that helps sports bettors figure out their potential winnings before placing a wager. This free tool crunches the numbers for you by taking your stake amount and the odds format you prefer (Decimal or Fractional) to show exactly what you might win.

Many punters in New Zealand and worldwide rely on these calculators daily to plan their betting strategy. The tool works with various bet types, from simple single bets to more complex options like accumulators, Lucky 15s, and forecast bets, to name just a few.  

Types of Bet You Can Calculate

With our extensive bet calculator, you can work out the potential returns on a huge selection of bets, with some of the most popular variations being:    

• Single Bets - Just like the name suggests, this involves a single selection on an event and if the chosen selection is successful, the bet will be awarded at the corresponding odds.  
• Each Way Bets - An each way bet splits the bet into two parts: One for the selection to win and the other for it to "place" or finish in top positions. This betting market is particularly popular with horse racing bets, however, it can also be used on outright betting options such as picking the winner of the Premier League.  
• Double Bets - These bets feature two selections, both of which must be successful in order for the potential winnings to be awarded.   
• Accumulator Bets - Accumulator bets are similar to double bets, however, instead of featuring two selections, they consist of four or more.   
• Lucky 15 Bet - A Lucky 15 bet involves 4 selections with 14 different bets being placed across the four of them. In total, there are 4 singles, 6 doubles, 4 trebles, and a four-fold accumulator, meaning that some potential winnings will be returned if at least one selection is a success.  

Additional options that work with our free online bet calculator include trebles, Yankees, Super Yankees, Patents, Heinz, Lucky 231, Round Robin, Flag, Forecasts, and plenty of others!  

The Benefits of Using a Free Online Bet Calculator

So, why should you use our free online bet calculator when creating your wager? Here are the three main advantages:   

Quick and Accurate Results

Our free bet calculator delivers results in just a few seconds, with all of the odds being worked out instantly, regardless of how complex the calculation is and how many selections you have included.  

The calculator handles American, Decimal, or Fractional odds formats with equal ease. Just plug in your stake and odds to get your potential winnings right away. This speed matters when you're trying to place bets before the odds change!  

Supports Multiple Bet Types

A good bet calculator, such as the one available on this page, is capable of handling more than just basic wagers. Our online tool supports a wide range of bet types including singles, accumulators, parlays, and each way bets, with this variety allowing you to plan your bets, no matter how simple or complex the wagers might be.  

Easy to Use for Beginners

Bet calculators are also a useful tool for newer sports bettors, with the simple interface letting you plug in your stake and odds easily. All punters have to do is select their bet type, complete the various fields, and click on "Recalculate".

It's just as easy if you want to change some of the selections in your wager, as all you need to do is update the odds and click on "Recalculate".  This helpful betting odds calculator turns what could be a confusing process into something anyone can master in just a few minutes, with the results being updated immediately, should you need to make any tweaks!  

How To Use Our Free Online Bet Calculator Tool

If you want to use our free online bet calculator to find the potential winnings for your bet, here's a straightforward guide that you can use to get started:   

1. Choose the type of bet that you'd like to calculate from the list below. These include all of the options mentioned earlier, such as single bets, each way bets, double bets, accumulator bets, and much more.  
2. You can then make your way to the left of the screen and choose your preferred odds format between fractional and decimal.  
3. Add the odds for each of your selections in the boxes shown, before using the dropdown menu to mark whether the selection was a win, a loss, a dead heat, or a void.  
4. From here, enter your desired stake size in the box and click on the blue "Recalculate" button. The potential winnings of your bet will then be clearly displayed! 

You can then try different bets to find one that matches your preferences by simply adjusting the odds and outcomes before clicking on the blue "Recalculate" button again. The potential winnings will be immediately updated, with other rules such as Each Way or Rule 4 also being available to add, if you wish.  

Bet on Sports Online with BetVictor

You can bet on a huge variety of sports at BetVictor NZ, including football, hockey, American football, and horse racing. All of these sports come with live betting, too, allowing you to wager on the action as it happens in real time.  

Before committing to a sports bet, be sure to check out the BetVictor promos page, too, for a variety of bonuses that can be used across various markets. There are options for both new and existing players to choose from, with these bonus offers being updated on a regular basis to keep things fresh for NZ players!