William Hill Bet Calculator Explained
Sports betting is, without a doubt, an exciting hobby. Emotions don’t leave you from the moment you place a bet till the end of the sporting event you bet on. That’s exactly why so many people engage in it every day – some just for fun, while others to make a living. However, just as it is exciting, it is also complicated – especially for beginners. One of the more difficult aspects of understanding sports betting is understanding the odds and the potential winnings that come with them.
Knowing how much money you will receive once you place your bet and your outcome ends up being the correct one can be hard, especially for those with little to no experience in sports betting. That’s precisely why many bookmakers decided to create betting calculators – one of them being William Hill. Below you will find everything there is to know about the William Hill bet calculator.
What Is the William Hill Bet Calculator?
The William Hill bet calculator calculates your potential winnings based on a few details that you need to provide, such as the type of bet (it works on all types of bets available on William Hill’s website, so you don’t have to worry whether yours will be there), your selections, odds, format and so on.
Let’s go through all the elements of this free bet calculator, one at a time.
Here’s a short list of all the elements of the William Hull betting calculator:
- type of bet
- ‘each way’ bets
- odds format
- dead heat/rule 4
- type stake
- total outlay
- total return
- total profit
Bet Types Available
The first thing that you have to choose once you open the bet calculator is the type of bet.
As we already mentioned, it doesn’t matter what type of bet you placed; you will be able to calculate your potential winnings with this betting calculator. More advanced players should have no problem understanding all the different bet types – however, since new customers join the site every day, we decided to go over all of them quickly. So, here are the bet types you need to know when placing a bet:
- Single bet – when you place a single bet, you wager on one selection in one event.
- Double bet – when you place a double bet, you place one bet on two selections in different events.
- Treble bet – when you place a treble bet, you place one bet on three selections in different events.
- Accumulator – when you place an accumulator bet, you place one bet on four or more selections in different events. An accumulator with four selections is called a four-fold accumulator, with five selections five-fold, and so on.
- Trixie – when you place a Trixie bet, you place four bets on three different selections, and all of them are combined into one bet.
- Patent – when you place a Patent bet, you place seven bets on three different selections. It is used to cover all the potential outcomes. The Patent bet is made from three single bets, three double bets and one table bet.
- Yankee – when you place a Yankee bet, you place eleven bets on four different selections across four different events. It is made from six double bets, four treble bets, and one four-fold accumulator.
- Canadian – when you place a Canadian bet, you place twenty-six bets across five different events. It is made from ten doubles, ten trebles, as well as one four-fold and one five-fold accumulator.
- Heinz – when you place a Heinz bet, you place fifty-seven bets on six selections across six different events. It is made of fifteen doubles, twenty trebles, fifteen four-fold accumulators, six five-fold accumulators, and one six-fold accumulator.
- Super Heinz – when you place a Super Heinz bet, you place 120 bets on seven selections across seven different events. It is made of twenty-one doubles, thirty-five trebles, thirty-five four-fold accumulators, twenty-one five-fold accumulators, seven six-fold accumulators and one seven-fold accumulator.
- Goliath – when you place a Goliath bet, you place 247 bets on eight different selections. It is made of twenty-eight doubles, fifty-six trebles, seventy four-fold accumulators, fifty-six five-fold accumulators, twenty-eight six-fold accumulators, eight seven-fold accumulators and one eight-fold accumulator.
- Lucky 15 – when you place a Lucky 15 bet, you place fifteen bets across four selections. It is made of four singles, six doubles, four trebles and one four-fold accumulator.
- Lucky 31 – when you place a Lucky 31 bet, you place thirty-one bets across five selections. It is made of five singles, ten doubles, ten trebles, five four-fold accumulators and one five-fold accumulator.
- Lucky 63 – when you place a Lucky 63 bet, you place sixty-three bets across six selections. It is made of six singles, fifteen doubles, twenty trebles, fifteen four-fold accumulators, six five-fold accumulators and one six-fold accumulator.
Right next to the bet type, you can find the ‘Each way’ bet option. When choosing ‘yes’ for each way bets, you place two bets on the same selection – one for the winner of the event, while the other for the selection you chose to place.
The next thing that you can pick is the way in which the odds are presented. You can choose between decimal, fractional and American odds. Here are a few examples to show those who might be unfamiliar with them how each odds format looks:
- Decimal – 1.23, 7.34, 5.87
- Fractional – 1/5, 5/13, 12/4
- American – +100, -30, +300
Dead Heat/Rule 4 Options
The dead heat rule applies in situations where it is impossible to determine one winner of the race or other event – usually, this happens in horse racing. However, sometimes dead heat also occurs in other sports, like golf. If you choose the dead heat option, and there will be more winners than one, you will win some part of your bet and lose the rest.
If, for example, you placed a two-way dead heat bet, you will receive half of what could be your total profit if only one person or horse won.
Now, let’s talk about rule 4. Rule 4 is simply a deduction that is made to winnings. It is most commonly seen in horse racing, when one of the horses is withdrawn from the race, and therefore affects the number of runners. Rule 4 isn’t always implemented – everything depends on whether withdrawal affected the rest of the field and how much.
The biggest section in the William Hill free bet calculator is the selection one. As the name might suggest, in this part of the betting calculator, you enter the details of your selections, including the number of selections (just add a row if you have more than shown), the betting odds of the selection, and the outcome.
If there’s something you’d like to remember about your selections (for example, you want to add which team or player you bet on), you can add selection notes.
This is the last section of the William Hill free bet calculator. As the name might suggest, you have to choose the stake type – whether you’d like for the calculations to be based on your total stake or on stake per bet.
William Hill Free Bet Calculator – FAQ
Does the bet calculator only work for one sport?
Do I have to place a bet before using the bet calculator?
No – you can use the calculator without placing a bet to calculate your potential winnings from different outcomes to know which one will be the most beneficial.
Can I use the bet calculator without knowing the odds?
Unfortunately, it is necessary to enter the odds to be able to calculate the winnings. However, it is very easy to find what the odds are – you can either find it on Google or use an odds calculator.
The Bottom Line
Even though in the beginning it might not look like it, especially to new customers, the William Hill bet calculator is actually very easy to navigate – truth be told, the only find you need to do is simply enter bet details, as long as you know the meanings of things (e.g., bet types, single, double, treble bet type, etc.) and provide the right information, like the betting odds, odds format, etc., you should have no problem in calculating the total return and total profit with this bet calculator.
Interestingly enough, bet calculators are not the only tools available to those who are just starting their betting journey – many bookies also provide, for example, an odds calculator.
So, what are you waiting for? Now that you know the ins and outs of how a bet calculator work, the only thing left to do is placing a bet! Good luck!