Lay Bet Calculator - NZ

What is a Lay Bet Calculator?

Before we reveal what this type of calculator represents, you must know what a lay bet is. As such, a lay bet is a type of sports bet where you bet against the outcome of an event.

This means that you take on the role of a bookmaker as you bet on an event to lose rather than to win. For example, let’s say you place a lay bet on Real Madrid. You will only win the bet if the team loses or draws the match.

In this occurrence, you will collect the stake from the opposing bettor. However, if Real Madrid does win the match, then you'll have to pay out the winnings to the rival punter. Because of that, you’ll also need to have sufficient funds in your betting account to cover the liability.

New Zealand bettors are usually using lay bets when they struggle to predict the outcome of an event. This is where the lay bet calculator finds its best use.

This calculator helps you figure out the potential payout and liability of a lay bet. The lay bet calculator takes several factors into consideration such as the stake, odds, and commission charges.

Why Use a Lay Bet Calculator?

There are several reasons why you should use the lay bet calculator. First of all, it helps you figure out how much money you can win from a specific lay bet. Secondly, it reveals crucial details about the liability that you must have in your betting account.

Next, the lay bet calculator will show the potential profit you can make. This is very useful information as you can decide not to place the lay bet if the profit is too low.

Lastly, using this calculator is much better than making the calculations manually. Additionally, you get to make a decision based on valuable data.

Betpack Tips for Effectively Using the Lay Bet Calculator

The Betpack lay bet calculator is a very useful tool that can be of great help. But, before you start using it, there are a few useful things you should know about.

• Don’t input all of your available funds as you must leave some for liability
• The liability increases when you type in a larger stake and bigger lay odds
• Avoid betting on an event if you feel like the potential profit is too low

Lay Bet Calculator Example

To help you understand the process of using a lay bet calculator, we’ve decided to provide an example. All the features you need to know is in the table below.

Benefits of the Lay Bet Calculator

Every experienced Kiwi punter will instantly notice the benefits that come from using the lay bet calculator. But, we must reveal its advantages to all types of punters, especially to beginners.

One of its biggest benefits is the fact that it provides some crucial details about the lay bets. After typing in the required information, the calculator will reveal your potential profit as well as the liability.

Next, the lay bet calculator saves up the time you need to calculate the results manually. You can type in the lay bet information at Betpack and get the results in under a minute. We must also mention that you can use our calculator for free as many times as you like.

Additionally, you're free to use our lay bet calculator on any mobile, tablet, or desktop device. The fastest way is to use one device to calculate the lay bets and another to place them.

Conclusion

The lay bet calculator is a superb tool that helps you figure out the most important details of a lay bet. It’s super easy to use and it provides the results instantly. Without it, you’ll struggle to figure out your potential payout as well as the liability amount.

You can use the lay bet calculator at Betpack for free at any time. Just remember to gamble responsibly regardless of the results provided by our calculator.