Forecast Bet Calculator

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

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

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

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