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Practical Sports Betting Calculator Users Manual INTRODUCTION
The PSB Calculator has been designed to make the mathematical side of your investment much easier. It will take the headaches out of calculating the size of your bets, the size of your returns, and the size of your profits.
You can quickly type in whatever figures suit your level of betting and ask the PSB Calculator to work out all the figures for you. No matter what sport you are seeking to invest on, you can use this simple and effective tool to assist you to identify the best way of placing your bets.
The PSB Calculator will calculate for a given amount of Base Units and anticipated Dividends, an Outlay, a Return and a Profit.
You only need to tell the PSB Calculator the anticipated Dividend for each selection. After that has been filled in, the next three columns to the right (Bet Units, Return & Profit) are available for calculation. Select from the Calculation Method which option you wish to calculate (i.e. 1. Bet Units, 2. Return, 3. Profit & 4. Outlay). Enter the amount you wish to bet on each selection, or to be returned, or to take as profit, or the amount you wish to outlay in total in the Base Units box, then click on the Calculate button, and the PSB Calculator does it in an instant.
Just to start you off, enter 40 in the Base Units box now. You can already see the three figures used as an example, 3, 7.5 and 10, entered for you in the Dividend column.
Click on Bet Units, hit Calculate, and see what happens.
Click on Return, hit Calculate, and see what happens.
Then click on Profit and Calculate and see what happens.
Finally click on Outlay and Calculate and watch the figures change.
In every case the calculation has been made to your Base Units figure of 40 which you entered at the start. That is the amount you want to test, either as an outlay in Bet Units for each selection, a Return, a Profit or as a total Outlay. If you want to change it, go ahead, use any number that suits your level of betting. Other features that we would like to mention or explain further are: Rows If you use the Rows button (up or down) you can increase the number of input rows to 10, or decrease it down to 1. To start, type in 1, 2, 3, 4 and 5 down the Selections column. You could type in (for example) Ponting, Hayden, Martin, Lehman and Warne; or any other names of sportsmen or women, teams, TAB numbers, horses or dogs, that you wanted to bet on in an event. Dividend The second column indicates the Dividend you anticipate receiving on your bet. For example, if Hayden is listed at $3, this means he is going to return you three times your money if he is successful for your bet
Remember that the return includes the stake, so the “odds” are in fact 2/1. An anticipated return of $11 would mean a bet at 10/1- the other unit would be your stake. Ten dollars bet at $11 would return $110, odds of 10/1.
Outlay (Total Bet)
This is the total number of units (i.e. your total outlay on all selections) to be placed on the event. DEMONSTRATION
Here we give you one last demonstration to get you on your way, we will use Outlay for this example, but please try the other calculation methods yourself and you will quickly know your way around this brilliant device. Suppose, you say, you want to outlay a total of $100 in your chosen event. Select option 4 Outlay located in the Calculation Method box. Then enter 100 in the Base Units box. This tells the PSB Calculator that you are planning to outlay a total of $100 on the event. Now turn to the Selection column and enter the names of the sportsman or teams etc you plan to bet on. Now enter the expected Dividend in the next column. Do the same for your next selection on the next line. If you want to see if you can bet more than 2 sportspeople or teams in the event then you can insert further entries and dividends. When you’ve finished, click your cursor on Calculate and wait for the answer. Under Bet Units you will be told how much to put on each selection. The Return column will show how much you will get back if each of your selections wins, and the profit column shows the profit you will make. And the Outlay (total bet) confirms the total outlay. Let’s take an example. Suppose you want to bet on three teams STEP ONE: Click on the option 4. Outlay. STEP TWO: Enter the figure 100 inside the Base Units box. STEP THREE: Alongside Selection 1 in the Dividend column enter 6 (That’s the dividend that the selection is expected to pay). STEP FOUR: Click on the ‘Calculate’ button. Now take a look it will tell you to outlay $28 on Selection 1, $55 on Selection 2 and $17 on Selection 3. That’s a total of $100 (just like you specified). Now look under Return and you’ll see that for your outlay of $100, if Selection 1 wins you’ll get back $168, if Selection 2 wins you’ll get back $165 and if Selection 3 wins you’ll get back $170. The final column will show your expected profit from each of these selections should they win. If the expected dividends are too low for a profit to be made, the PSB Calculator will tell you it cannot make a profit from betting on all of these selections at these dividends by showing a negative figure in the Profit column. How To Get The Most Out Of The PSB CalculatorWhen you opened the PSB Calculator, you saw before you on your screen three lines of figures. These are simply to start you off. You had a practice run above.
The PSB Calculator is a brilliant device that enables you to bet on multiple selections in a sporting event so that whichever selection wins, you win, too.
Now have a go and run some figures through the PSB Calculator and you will soon understand exactly how it can be used.
If you have any further queries please email us on sales@equest.com.au
We hope you find the PSB Calculator a useful and profitable aid in your sports betting activities. |