Lottery Calculators: From Odds to Taxes & Payouts. The lottery can deal with some very large numbers, leading to some complex calculations regarding odds or payouts. Also, the different taxes can be problematic when calculating a precise payout. Here at Lottery Critic, we've created our very own calculators to solve all of those issues.
A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets.
When successful, it offers greater returns to the investor since it links up many events for a higher payout. If the parlay is to win, each of the bets must win. If one happens to lose, then the whole bet ends up in a loss, regardless of the outcome of all the other games.
Game 1 and Game 3 will be calculated the same way, where we divide 100 by each moneyline odd and add 1. Game 2 will be calculated by dividing the moneyline odd by 100 and adding 1. The calculations are shown below: Next, we simply multiply our wager, which in this case is $50, by all three of those decimal odds. Note: The calculator accepts US or decimal odds. For Decimal odds greater than or equal to 100, preface the odds with either a ‘0’ or a ‘d’. For example, decimals odds of 200.0000 would be. Actual Payout: 20 divided by 1 plus 1 = 21 times original $1 = $21 payout. Spoken: 10 to 2 odds; Meaning: you will get $10 in profit for every $2 you wager; Actual Payout: 10 divided by 2 plus 1 = 6 times original $2 = $12 payout; How to Read Horse Racing Odds. So how exactly do you read horse racing odds.
How Do Other Results Affect Parlay Results?
There are other results that can affect the parlay results such as:
- A tie
- Game postponement
- Cancellation
- An incomplete game
- Rescheduling.
As long as there is no loss, the wagers typically revert to the next lowest number.
How to Use a Betting Odds Calculator
There are different options of the calculator found online. A majority is available free of charge. An example of a simple one is shown in the table below.
Team | Odds |
---|---|
Team #1 | 0 |
Team #2 | 0 |
Team #3 | 0 |
Team #4 | 0 |
Team #5 | 0 |
50 |
Wager Amount
Payout $0
Calculate | Reset All |
Calculator 2 3 X 3
When using a parlay odds calculator like the one above, all you need to do is enter the correct figure of odds in the table. In most cases, you are only allowed to enter numbers and nothing else.
From here, you will be required to type in the money lines for each bet you place as well as the total amount you would like to wager. Once everything is in place, just hit the calculate button. The payout field will give you the results of the amount that you will end up getting if each of the parlay games wins. If there are other parlay odds that you would like to calculate, just click on the reset all button and start the process all over again.
There are some calculators that will give you choices on how to display all the odds such as:
- Decimal odds
- American odds
- Fractional odds.
It can be very confusing trying to calculate parlay payouts on your own mainly because you are dealing with multiple teams. There is no need trying to wreck your brain over this because you can simply use the beneficial calculators that will give you the total to expect in no time. Armed with these results, you can confidently head over to your preferred sportsbook to place a parlay bet.
How does this payout annuity calculator work?
This comprehensive finance tool allows 3 types of annuity calculations, by taking account of the annual rate of return which is a mandatory info, the withdrawals frequency and of one of the combinations of 2 out of the other 3 fields as explained below:
- First is forecasting the approximate annuity payout length in years. In this case you have to provide some values you expect for a Desired withdrawal amount and for the Starting amount / principal you assume you will have at the end in your annuity account.
- Second is estimating the savings end balance or the so called starting principal you should prepare for retirement by taking account of a Desired withdrawal amount during benefits time and a desired Annuity payout length in years.
- Third is the estimation of the withdrawal amount you may expect to receive if you specify a value within “Starting amount / principal” how much you expect you will have saved until retirement and how much do you expect to receive revenue within the field “Annuity length in years”.
This is a very flexible application since it allows any user choose between different withdrawals frequencies such as: monthly, bi-monthly, quarterly, semiannually or annually.
Its algorithm is based on the standard compound interest rules and on annuity formulas:
- solve for n – number of periods;
- solve for the annuity payout;
Odds Payout Calculator
- solve for the principal required.
Example of 3 results
- Calculation of the payout length in years:
In case of a plan that assumes an available principal amount of $200,000, with a return rate of 5% and a desired withdrawal amount of $1,500 expected month by month, the results displayed are:
■ The estimated length in years of the annuity is 16.06 years.
3 To 2 Payout Calculator Express Entry
■ Withdrawals of $1,500.00 will take place Monthly.
■ Total interest earned during payout phase is $89,071.04.
- Forecast of the regular withdrawal amount:
If we look at an example that assumes a principal amount available of $300,000, with a return rate of 3.5% and a desired term to be paid out of 25 years with an annual withdrawal frequency, the results returned are:
■ The estimated withdrawal amount you will be able to receive with Annually frequency is $18,202.21.
■ Total interest earned during payout phase is $155,055.27.
- Estimation of the principal amount at the end of the accumulation phase:
For instance in case of someone who wants to know how much should save in account before retirement, if during benefits scheme the return rate would be 3.5%, the desired regular revenue would be $20,000 paid anually for a term of 25 years, the calculations will look as detailed within this table:
3 To 2 Payout Calculator Bankrate
■ The estimated principal amount you should have already saved in account before starting payout is 329,630.29.
■ Withdrawals of $20,000.00 will take place Annually.
■ Total interest earned during payout phase is $170,369.71.
What is an annuity?
In finance theory annuity defines a set of regular payments made over a certain time period with the scope to achieve a specific money amount in an account either if is a regular or a retirement account or any similar; or with the scope to pay off a certain debt amount, for instance in case of mortgages paid on a monthly basis.
In United States this term is used to mean a financial product by which an individual lets an insurance company manage personal funds invested by case through a onetime payment plus some regular annual or monthly adds, or only by regular contributions with the final scope that the insurer will provide you with regular revenue starting the moment you specify. This kind of contract usually comprises several aspects such as:
- The funds you have to deposit, invest and add on a regular basis during the accumulation period. It may be a onetime payment and/or regular contributions.
- The accumulation term of the contract while you have to save;
- By case a fixed return rate for your investment.
- The fixed annuity quote often expressed as a percent that indicates the value of the withdrawal amount.
- The withdrawals frequency meaning how often you will receive revenue within a year.
- The age or the moment when you expect to receive revenue from the insurer.
As it can be easily observed from its terms and conditions, such product has two phases:
- The accumulation phase refers to the number of years in which the client has to deposit funds into account. The insurance company will invest and reinvest this money in different yield financial instruments with the scope to multiply them.
- The payout phase defines the term in which the client gets paid on a regular basis by the insurer.
1 3 On A Calculator
For both parts this annuity calculator can help is simulating all assumptions on any of the 3 main sides of preparing for retirement: term and fixed revenue to be paid and savings level.
Types of annuities
People are acquiring such financial products at different times and for that must have some cash resources. Considering this aspect there are:
- Immediate annuity which refers to purchasing such financial product with a lump sum and then the client starts receiving revenue. This product type is preferred by people with a good financial standing that before retirement make this choice.
- Deferred annuity which is a contract by which the client has to make regular payments over a certain period of time. This strategy is preferred by people that acknowledge the need to put aside money well before retirement. Usually the payments are made either on an annually or monthly basis.