Oddsmart Average Odds Calculator and Matched Betting Tool
In the world of matched betting, understanding your true cost and return across multiple bets is vital.
That’s where the Oddsmart Average Odds Calculator comes in.
Whether you’re placing ten single bets on different selections or sizing stakes to guarantee equal returns, this intuitive spreadsheet does the heavy lifting so you can focus on spotting the best opportunities.
Below, you’ll find a complete guide to what it is, why it matters, how to use it step by step, and a suite of popular FAQs to answer all your questions.
Matched Betting Calculator
Back Bet
Lay Bet
What Is an Average Odds Calculator?
An Average Odds Calculator helps you compute the weighted average odds of a portfolio of bets, and determine how to distribute your stake if you want the same potential return on each selection. This is particularly useful when:
- You’re backing multiple selections at different odds and need to know your overall stake and average price.
- You wish to guarantee the same profit (or return) from each selection by sizing stakes inversely to odds.
- You’re managing a series of qualifying bets or free bets and need clarity on how much each leg contributes.
By automating these calculations,Oddsmart’s calculator ensures you never waste time on manual maths or risk arithmetic errors.
Why You Need an Average Odds Calculator
Speed and Accuracy
Manually computing weighted averages and recommended stakes is prone to mistakes. The calculator delivers instant, error-free results.
Better Bankroll Management
See your total stake at a glance, plus the average odds, so you can weigh up your outlay against potential profit.
Equal-Return Strategy
If your aim is to have each bet return the same amount, the tool tells you exactly how much to stake on each selection, regardless of the odds differences.
Promotion Qualification
When completing multiple qualifying bets, you can be confident you’re deploying the correct stakes to meet minimum requirements without overspending.
Transparency
All calculations are laid out in plain sight—no hidden macros. You can audit the formulas, adapt them to your style, or integrate them into your own workflows.
Stay Ahead with Live Promotions & News
Key Features of the Oddsmart Calculator
| Feature | Benefit |
|---|---|
| Up to 10 Selections | Covers most matched-betting scenarios without overcrowding. |
| Decimal-Odds Input | Standard format for most UK bookmakers and exchanges. |
| Stake Entry per Selection | Track the exact money you’re risking on each leg. |
| Total Stake Calculation | Automatically sums your stakes for instant bankroll visibility. |
| Weighted Average Odds | Shows your true average price, factoring in all stakes. |
| Equal-Return Stake Suggestion | Distributes your total stake so that each bet’s return is identical. |
| Clear Layout | Professional formatting, colour-coded inputs, and bold headings. |
How to Use the Oddsmart Average Odds Calculator
Follow this quick, five-step guide to harness the full potential of the calculator.
Enter Your Decimal Odds
Enter Your Stake per Selection
View Your Total Stake
Check Your Weighted Average Odds
Generate Equal-Return Stakes
Practical Example
Let’s illustrate with a real example. Suppose you’re qualifying free bets on four horse races:
| Selection | Odds (Decimal) | Stake (£) |
|---|---|---|
| 1 | 3.00 | 5.00 |
| 2 | 4.50 | 5.00 |
| 3 | 2.20 | 5.00 |
| 4 | 6.00 | 5.00 |
- Total Stake: £20.00
- Weighted Average Odds: (5*3 + 5*4.5 + 5*2.2 + 5*6) ÷ 20 = 3.925
- Equal Return (£): 20 ÷ (1/3 + 1/4.5 + 1/2.2 + 1/6) ≈ £7.89
- Recommended Stakes:
- Sel 1: 7.89 ÷ 3.00 = £2.63
- Sel 2: 7.89 ÷ 4.50 = £1.75
- Sel 3: 7.89 ÷ 2.20 = £3.59
- Sel 4: 7.89 ÷ 6.00 = £1.32
By staking those amounts instead of an even £5, each winning leg returns exactly £7.89, simplifying profit analysis and ensuring you meet minimum qualifying stake requirements.
Optimise Your Matched Betting Workflow
Combine with Odds Filters
Use Oddsmart’s odds scanners to shortlist selections at your preferred price range, then plug them into the average odds sheet.
Track Promotions
Record promotional stakes and free-bet wagers side by side to ensure you hit all criteria without overspending.
Audit Your Bets
The transparent formulas let you verify every calculation, giving you confidence before placing high-value bets.
Adapt for Lay Bets
Though designed for back bets, you can adapt the same structure to calculate average lay odds and liability distribution across multiple lay bets.
Ready to Revolutionise Your Betting Slips?
Visit Oddsmart.co now and start your free trial.
Discover how simple, fast and accurate multi-bookmaker slip building can be. Your next big win could be just a few clicks away.
Popular Average Odds Calculator FAQs
Why does the weighted average odds differ from the simple average?
A simple average treats each price equally, whereas a weighted average accounts for the stake you actually place on each odds. If you stake more on higher odds, the weighted average shifts upwards.
What if I have more than 10 selections?
The template supports up to 10 rows by default. You can insert additional rows and extend the formulas to cover more selections.
Can I use fractional or American odds?
This version is optimised for decimal odds (the standard format on most UK sites). To use fractional or American odds, convert them to decimal first (e.g. fractional 5/1 → 6.00; American +500 → 6.00).
How does the “Equal Return” formula work?
It calculates the payout you’d receive from a £1 stake on each selection, sums their reciprocals, and divides your total stake by that sum. The result is the common return you can lock in.
What if a selection is scratched or voided?
If a bet is voided, the stake returns (£0 profit), and you can simply exclude that row or set its odds to 1.0. The formulas will automatically recalculate the weighted average and recommended stakes.
Is there a template for lay-only average odds?
Yes. Mirror the same structure, but enter your lay liabilities instead of stakes, and adjust the formulas to compute reciprocal liability weights.
Does this bet calculator work on mobile?
Yes our bet calculator works fine on mobile devices.
Who can I contact for support?
Drop us a line at [email protected]—our matched-betting experts are happy to help!
Start using the Oddsmart Average Odds Calculator today to streamline your matched-betting campaigns.
By accurately measuring your average price and optimising stake distribution, you’ll save time, reduce errors, and maximise your promotional profitability.
Good luck with your betting journey!