Are you looking to take your sports betting to the next level? Then it’s time to try out bet builders. This relatively new feature offered by many sports betting platforms allows you to create your own custom bets by combining different markets and outcomes. In this article, we’ll explore bet builders, provide an example, and explain how to compute your potential winnings.

What is a Bet Builder?

A bet builder is a feature that allows you to create your own custom bets by combining different markets and outcomes. This means you can combine multiple bets into one, increasing your potential winnings. Bet builders are available for a variety of sports, including football, basketball, tennis, and more.

How Does it Work?

Bet builders work by allowing you to select different markets and outcomes for a specific event. For example, in a football match, you can combine the number of goals scored, the first goal scorer, and the number of corners to create a custom bet. The odds for your custom bet will be calculated based on the likelihood of each outcome, giving you a unique and potentially lucrative bet.

Bet Builder Example

Let’s take a look at an example of a bet builder in action. Say you’re interested in a football match between Manchester United and Chelsea. You believe that Manchester United will win, there will be over 2.5 goals scored, and there will be at least 8 corners in the match. Instead of placing three separate bets, you can use the bet builder feature to combine these outcomes into one bet.
The odds for each outcome are as follows:

 

• Manchester United to win: 2.00
• Over 2.5 goals: 1.80
• Over 8 corners: 1.90

Using a bet builder, you can combine these outcomes and get odds of 6.84 for your custom bet. This means that if you place a bet of $100, you could potentially win $684.

How to Compute Your Potential Winnings

To compute your potential winnings from a bet builder, you can use the following formula:

Potential Winnings = (Stake * Odds) – Stake

Using the example above, if you place a bet of $100 on the custom bet with odds of 6.84, your potential winnings would be:

(100 * 6.84) – 100 = $584

This means that if your bet is successful, you would receive a total payout of $684, which includes your initial stake of $100.

Bet Builder Strategy

Now that you understand how bet builders work, it’s time to develop a strategy for using them effectively. Here are a few tips to keep in mind:

Do Your Research

Before creating a custom bet, it’s important to do your research and understand the likelihood of each outcome. This will help you make informed decisions and increase your chances of winning.

Consider the Odds

When combining different outcomes, it’s important to consider the odds for each one. Combining outcomes with low odds may result in a lower overall payout, while combining outcomes with high odds may result in a higher payout but also carries a higher risk.

Don’t Get Greedy

While bet builders offer the potential for higher payouts, it’s important not to get too greedy. Combining too many outcomes or selecting unlikely outcomes can decrease your chances of winning. Stick to a few well-researched outcomes for the best results.

Conclusion

Bet builders are a great way to take your sports betting to the next level. By combining different markets and outcomes, you can create custom bets with higher potential payouts. Just remember to do your research, consider the odds, and don’t get too greedy. With these tips in mind, you can use bet builders to enhance your sports betting experience and potentially increase your winnings.