Alphabet Bet Calculator
An alphabet bet is made up of 26 wagers. There are six selections in total, and broken down, the punter will make 2 patent bets, 1 Yankee bet and 1 six fold accumulator. The patents will total 14 bets, the Yankee will total 11 bets and the six fold accumulator will total 1 bet. This kind of bet is known as a combination bet. It is often used in horse racing, and can get rather complicated, making such tools as the alphabet bet calculator incredibly useful.
A £1 alphabet bet would cost a total of £26. Within the patent bet, if everything were to win, then the three single bets would return £6 in total, the winning double bets would pay £12 in total and the winning treble bet would pay £8, meaning that with the patent, you receive a return of £26. Due to the fact that there are 2 patents, this would result in a total return of £52, just from these. With the Yankee bet, a full set of wins would equate to six winning doubles at a total of £12, four winning trebles at £32 and a winning fourfold which would offer £16 as a result, therefore paying out a total of £60. All of this, plus the accumulator – which pays £64 – means that an all-winning alphabet bet would land the player a return of £176, and a profit of £153, after making an initial bet of £26.
One could argue that, if you put the £26 on a six fold accumulator instead, it would be more profitable, as the return would be £1638. However, this figure would only be based on all six selections winning – any fewer, and there would be no return. In this sense, the alphabet bet at least guarantees the punter some winnings. This is why many punters choose combination bets, as the concept of coming close to a big win, yet leaving with nothing, doesn’t appeal.
The advantage of the alphabet bet is that you can assign different values to various predictions. If you don’t feel confident about some events, you can put them in the least risky positions, so they are only combined in a patent and the six fold. This way, they’re excluded from the Yankee, and you can therefore feel more confident about the chances of winning some predictions instead of risking everything.
Although alphabet bets, like Dutching, had originally been designed for horse racing, they can also be used for football matches. The benefit of doing this is that if you’re betting in a championship, you can make the most of the fact that not all predictions have the same value and maximise on those you’re confident about, while leaving others which are uncertain to minimise any potential losses. It’s important to be an experienced bettor to participate in alphabet betting, but the rewards can be well worth it.
To use the betting calculator for alphabet betting, first enter the stake, then select the right bet type. There are set options, such as Each Way, Rule 4, Dead Heat and Decimal Odds. Finally, enter the betting odds and see what your potential total stake, return and profit are.
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