The spread betting calculator works best when wagering on the margin of victory between two competing teams. It will not only save you time but will also show you the winning probability.
With the results from the calculator, you can quickly compare the spreads across multiple sportsbooks to see which offers the best potential winnings. Our quick guide will show you how to use the calculator in the most effective way. Plus, we’ll cover the best calculators to add to your betting strategy besides this tool.
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Quick facts about the free spread betting calculator
- It compares different spreads
- The calculator produces instant results
- It is free to use
- The tool is available across mobile and desktop websites
How the spread betting calculator works
The two most parameters for the spread betting calculator are the main and alternative spreads. Both parameters are available on the sportsbooks, and all you have to do is input their values into the spread betting calculator. You can try different alternative spreads to see which gives you the best probability of winning.
While the calculator requires a few clicks to operate, here are some terms you should know when using it:
| 📝 Term | 💡 Description |
|---|---|
| The Spread | This value represents the margin of victory in a game and is set by the sportsbook. You bet on whether a team will win by more or less than this number/margin. |
| The Favorite | The team expected to win or the strong player in the match. They must “cover the spread” (win by more than the spread value) for your bet to win. |
| The Underdog | The team expected to lose or the weaker player. They can still “cover” if they lose by fewer points than the spread or win outright. |
| Push | A result where the margin of victory exactly matches the spread. A push result means all bets are refunded. |
| Alternate Spread | A custom spread offered by some sportsbooks that gives different odds depending on the margin chosen. |
| Against the Spread (ATS) | A term that refers to how often a team has covered the spread in previous games. Useful for trend analysis. |
| Vig (or Juice) | This is the sportsbook’s built-in commission, and can affect the potential value of your spread bet. |
For a more practical explanation, let’s consider a hypothetical match between Team A and Team B. Team A, being the favorite, has a spread of -3.5, while Team B has a spread of +3.5. If you bet on Team A, then it must win by 3.5 (approx. 4) points or more for you to win the bet. Conversely, a bet on Team B means the team must win outright or lose with less than 3.5 (approx. 4) points.
A step-by-step guide on how to use the bet spread calculator
The bet spread calculator works easily like other betting calculators we offer. Simply load it and enter the needed parameters, and the calculator will do the rest. Here is a step-by-step instruction to guide you:
- Start by checking the sportsbook for the main spread and then one or more alternative spreads you want to compare.
- Enter each spread value into the calculator. Some calculators will also require you to enter your stake amount.
- Hit the ‘Calculate’ button to get results instantly, including ‘Probability of Winning’ and ‘Fair Lines’.
- Use the results to compare spreads across multiple sportsbooks and find the best value for your intended wager.
- You can adjust the alternative spreads to see how even small changes can impact your potential winnings.
The best sports to use the spread betting calculator
Unlike other betting calculators like the ROI calculator and the moneyline variants, the spread betting calculator is suited to specific sports. These sports must be capable of producing margins of victory in the form of goals or points for you to have a spread. There are many options, but the top ones where the betting spread calculator is very handy include the following:
- American football
- Soccer
- Basketball
- Rugby
- Baseball
- Ice hockey
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Why the spread betting calculator is useful in any sports betting strategy
One of the top benefits of having this calculator is the speed and ease of comparing different spreads within a short time. With that, you can explore as many sportsbooks as are available in your region to find the best value for your bet. Other benefits of the sports betting spread calculator are as follows:
- You’ll have accurate results from the calculations consistently.
- You can easily use other calculators to determine the best bet size after identifying the optimal spread for a game.
- Helps identify value opportunities and situations where the odds underestimate a team’s true probability of covering.
- Can improves bankroll management as you can easily weigh up different stake sizes and the impact of potential profit and loss.
Other betting calculators to add to your overall strategy
For a more balanced approach to your strategy, consider adding the following calculators:
🐎 The Trifecta Calculator
We recommend the Trifecta calculator for horse betting. Like the spread betting variant, this tool is free and easy to use.
🎰 The Yankee Bet Calculator
For accumulator bets, the Yankee bet calculator fits the bill. Again, it is free and easy to use.
💸 Hedge Calculator
Use this calculator to manage risk and lock in profit by betting on opposite outcomes once odds shift.
📊 Parlay Calculator
A great way to estimate your potential payout from multi-leg parlays, showing both total odds and implied probabilities.
Pros and cons of spread calculator betting
Consider the following upsides and downsides when using the spread betting calculator:
Conclusion
The bet spread calculator is a valuable tool to help compare different spreads, although we do not recommend using the calculator as the sole basis for placing your sports wagers.
Instead, you should use it as a final comparison tool after you’ve considered other variables that can impact a match’s outcome. These include injury reports, previous encounters, and current team strength.
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FAQs
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Simon Day
Simon has been writing about Gaming and Sports for over a decade, with his work featured in a variety of well-known gaming magazines. This year, he joined win.gg as an Editorial Specialist, where he continues to share his passion for the industry through insightful and well-crafted content pieces.
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