4ranews / Other / Guides / Forecast Bet Calculator

Forecast Bet Calculator

December 22, 2020, 12:06
1,447
Forecast Bet Calculator

Contents

A forecast bet is an arrangement where you’re allowed to make predictions about what participants will win in a race or a league-type competition. There are two types of forecast bets, they are:

  • Straight forecast bet;
  • Reverse forecast bet.

A straight forecast bet involves selecting two participants in the exact order in which they finish the competition. For example, placing a bet that Chelsea will finish first and Manchester City will turn out runners-up in the English Premier League is an example of a straight forecast bet. The cost of one unit of a straight forecast bet is 1 unit of currency as you only have to stake once.

A reverse forecast bet, on the other hand, allows punters to select any two participants they think are likely to finish at the top in a race, in any order. To win here, you don’t have to specify who comes first or second. Two selections are made on a race which, hence, costs more. The cost of one unit of reverse forecast bet is two units of currency as you stake twice. For example, in this case, all you need is to specify that Chelsea and Manchester City will get to the top of the league.

Calculating Forecast Single Bet

At the end of each competition, a computer-generated dividend is provided. Afterwards, the amount of forecast bet units bought is multiplied by that dividend to calculate the total payout. This is applicable to both straight forecast bet calculations and reverse forecast bet calculations.

Calculating Straight Forecast Single Bet

Cost of one straight forecast: 1 x INR 1 = INR 1

Teams Selection WON
Chelsea 1st
Manchester City 2nd

If the amount staked is INR 200, this means 200 units of the straight forecast have been staked. Assuming the computer-generated dividend is 20 for this selection, then the punter’s returns will be

200 x 20 = INR 4000.

Calculating Reverse Forecast Single Bet

Here, things are not as straightforward. The cost of one unit of reverse forecast bet is two single straight forecast bets as you place your bet on two selections. As stated earlier, the lack of specificity about the exact order in which the winners come at the end makes this type of forecast more expensive than the other.

It is still an excellent way to make some money if you are unsure of who wins in a 9-horse race kind of scenario. It is also possible to make more than two selections on a reverse forecast. For instance, predicting three teams to be in the top two positions in a league, the only thing is that it leads to more possible combinations, making the cost of staking on them even higher then.

Cost of one reverse forecast: 2 x INR 1 = INR 2

Teams Selection 1 Teams Selection 2
Chelsea 1st Chelsea 2nd
Manchester City 2nd

Outcome: LOST

Manchester City 1st

Outcome: WON

In this case, let’s assume that the punter has staked INR 200. He would be able to get only 100 units of reverse forecast bets with it. Say, at the end of the league, the computer-generated dividend is 30. Having won the bet by one of his selections coming true, this is what his returns would look like:

100 x 30 = INR 3000

Summary

There is no doubt, forecast bets bring handsome rewards. If you ever want to dive in and try, you can do it with us. We provide the best odds and computer-generated dividends here, at 4rabet!

Rating:
(Rating: 0.00 , Votes: 0 )

Last articles

Top Lowest Team Scores in Test Cricket
Articles
February 21, 2022, 13:45 3,049
Top Lowest Team Scores in Test Cricket

Contents In this article, we look at the lowest team scores in Test cricket. New Zealand set the dubious record for the lowest Test score by a team back in March 1955. That record has stood the test of time, remaining unbroken even after the passage of nearly 67 years. New Zealand, Auckland, March 1955 […]

Suresh Iyer
Highest Scores Ever in a Pro Kabaddi
Articles
February 21, 2022, 12:56 2,382
Highest Scores Ever in a Pro Kabaddi

Contents In this game of strength and strategy, points are what matter the most. Teams can achieve victory or taste failure by the difference of a single point. Raiders bring in more points, and this is a massive reason as to why most fan-favourite players are raiders. Generally, the higher the number of total points […]

Jishnu Brahmaputra
First-Ever Pink-Ball Test Match
Articles
February 21, 2022, 12:50 2,511
First-Ever Pink-Ball Test Match

Contents In the era that we live in, almost everything worth watching is being made compact for consumers who have increasingly shorter attention spans. Even sports broadcasters are obsessed with making things quicker for audiences, with slow over rates being heavily punished and even T20s being turned into T10s as expedited doses of fun. In […]

Jishnu Brahmaputra
When Was the First Ever Test Match Played?
Articles
February 21, 2022, 12:20 2,496
When Was the First Ever Test Match Played?

Contents Every sport that we know of today had its humble beginning somewhere, after which it was further polished and refined until it became the sophisticated, competitive spectacle we know and love today. Cricket: From Child’s Play to International Spectacle Cricket is one of the most complicated sports out there, and it had its share […]

Jishnu Brahmaputra
Longest Winning Streaks in Test Cricket History
Articles
February 21, 2022, 11:00 2,673
Longest Winning Streaks in Test Cricket History

Contents Losses are an inevitable part of any game. Any team that plays a certain number of games wins some and loses some. It’s as intrinsic a part of everyday life as it is a part of sports. Even in a karmic sense, wins will always be countered by losses at some point, and vice […]

Jishnu Brahmaputra
Top 10 Youngest Cricketers in Test History
Articles
February 21, 2022, 10:20 2,566
Top 10 Youngest Cricketers in Test History

Contents The word ‘prodigy’ is thrown around a lot in sports, usually every time a talented youngster hits the scene. However, many teams don’t usually let a young player play at the very highest level, choosing to vet them through the domestic circuit first instead. In particular, it is teams from the Indian subcontinent — […]

Jishnu Brahmaputra