•BOOKMAKER'S TAKE CALCULATOR
Summary
This calculator returns
an estimate of the bookmaker's take for a bet and the chance of each outcome
occurring. The bookmaker's take can be treated as a house edge estimate, when
you do not have special knowledge of the bet outcome beyond the bookmaker.
Select the Win/Lose box when there are 2 bet outcomes (win or lose) and the
Win/Lose/Tie checkbox when there are 3 bet outcomes (win, lose, or tie). For
example, at the time of this update Pinnacle gives odds of 1.412, 10.21, and
4.66 for a Chelsea / Tottenham 1X2 bet (win/lose/tie bet). If you enter these
three numbers as the 3 odds in the calc, it outputs a bookmaker's take of
2.03%. Gold Victory gives odds of 1.40, 8.00, and 4.20 for the same match.
Entering these 3 numbers, the calc returns a much higher estimated bookmaker's
take of 7.18%.
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