# Streak Calculator

The Streak Calculator tool is used to predict the probability of a losing streak across a series of bets. Use it to manage your bankroll effectively over a period of time.

**Streak**Calculator

The Streak Calculator tool is used to predict the probability of a losing streak across a series of bets. Use it to manage your bankroll effectively over a period of time.

Valid percentage is from 0 to 100

This calculator helps you work out the chances of losing a streak of wagers over a specified length of time. It is designed to help bettors practice sensible bankroll management and budget accordingly for periods in which luck is not on your side. Read on to learn how to use the streak calculator, the formula that underpins it and how to gamble responsibly.

You can use this streak calculator to determine the likelihood of embarking on a lengthy losing streak over a certain period of time. Follow these steps to calculate your losing streak probability:**1.** Enter the “Series Length”. This is the number of bets you intend to place over a particular length of time, such as an NFL season, a month, a year or five years.**2.** Enter the “Streak Length”. This relates the length of the losing streak you want to determine the probability of. If you want to work out the probability of losing 12 bets in a row, enter “12”.**3.** Type in the “Loss Probability”. This is the average probability that you have for any given wager. You can work this out based on the odds offered on each bet you wish to place.**4.** Click “Calculate”.

The streak calculator will then tell you the probability of you going on a losing streak over that specified series length of time. You can plan your bankroll accordingly by arming yourself with this information.

Let’s say you plan to place 500 wagers over the course of an NBA season and that the average probability of winning each bet is 54%. That makes your loss probability 46% for the purposes of this example. You want to know the chances of losing 10 games in a row during the season. You would then enter:**1.** Series Length: 500**2.** Streak Length: 10**3.** Loss Probability: 46%

This streak probability calculator does all the hard work for you, and you can rest assured that the results will be accurate based on the streak length and series length you input. However, some bettors like to know more about the formulae underpinning probability calculators and other tools, and they enjoy having the ability to work out the streak loss probability themselves.

This tool is really useful for anyone that plans to place a significant volume of bets over a particular period of time, be it one week, one month or one year. It does not matter whether you place casual bets or large bets, as the streak calculator will prove invaluable when planning how to effectively use your bankroll. It is really helpful for newcomers to the world of placing sports bets, but it is equally useful for seasoned handicappers that have been placing bets for a number of years. You can calculate probability and streak length manually, but it is time consuming and there is a danger of errors creeping in. Streak calculators do all the hard work for you, and you will not make any mistakes if you enter the correct series length and probability odds.

The streak calculator is also popular among dice players at online casinos like Bitcoin site Bitsler. They use it as a Bitsler probability calculator, and they arm themselves with a PDF file featuring a Bitsler probability table to help make their streak decisions over a series length of dice throws. This calculator can also be used in various other walks of life, but it is ideal for anyone keen to find the streak probability over a particular length of time featuring a set number of bets in a series.

First you should set aside a bankroll to last you for a particular length of time. It should be a sum of money that you can afford to lose, and not money that you need for rent, bills, groceries and so on. Some bettors like to start by wagering 1% or 2% of their bankroll on each selection, and then increase it steadily when they are on a winning streak, or decrease it gradually if they lose.

It is imperative that you identify a safe, secure, reliable sportsbook that will treat you fairly, provide great odds and pay you out on time. You should stick to the top sportsbooks that have earned A+ and A ratings at SBR, such as BetOnline, Bookmaker, Bovada, Heritage Sports, Intertops and YouWager. They all have a long history of keeping customers’ personal and financial details secure, and paying out promptly when a withdrawal is requested.

Many sportsbooks will offer attractive bonuses and promotions in a bid to stand out from the competition. A welcome bonus is unlikely to be your primary concern if you intend to place a large volume of bets, but an attractive reload bonus would improve the probability of you securing a profit over a particular period of time. BetOnline is known for offering a generous reload bonus, so that could be a very good option for anyone intending to place a number of wagers in the long-term. If you are interested in betting on horse racing, you might like to use a site with a racebook rebate, such as Bovada.