How To Calculate Bets With Odds
So to get the decimal odds you would calculate 230/130 = 1.77. For American odds with a positive value: Using odds of +150, you would wager $100 to win $150 so the total payout would be $250. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult. To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10. 5) / 2, which equals $25. Bet Calculator Our Bet Calculator allows you to automatically calculate the Payout for any given combination of Stake and Odds, including Multiples. Enter the Stake and Odds for your bet and the Bet Calculator will automatically calculate the Payout. Add Odds for Multiples. A parlay bet is a single wager that requires two or more outcomes to all win. The parlay calculator allows you to input your stake & odds in American formats to quickly calculate the payout for.
Simply enter the odds as well as your stake. The implied probability, as well as your profit and total payout will be shown instantly!
How to Calculate the Odds?
The mathematical concept of odds is related to, yet distinct from the concept of probabilities. In simple terms, odds are a way of expressing the relationship between the number of favorable outcomes in a given situation versus the number of unfavorable outcomes.
How to use the Odds Converter?
To use the converter, just enter a value into any field. It will automatically convert the odds into all other formats.
What are Decimal Odds?
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- Common worldwide, but mostly used in Europe.
- Represents the total amount you will receive if you win, including the return of your stake.
- For example, if you bet €50 with odds of 2.35, you will receive €117.50 in total if you win.
What are Fractional Odds?
- Mainly used in the UK and in international horse racing. Becoming less popular online.
- It tells you the profit relative to your stake if you win your bets.
- For example, if you bet £50 with odds of 4/1, you will receive £200.00 profit if you win.
How To Calculate Bets With Odds
What are American Odds?
How Do You Calculate Odds
- Used by most US bookmakers.
- Based on a straight single bet (on a single outcome, without a points spread).
- If the moneyline is positive, the quoted amount is the amount you would win on a $100 bet.
- If it is negative, the amount quoted is what you would need to bet to win $100.
- If it is negative, the amount quoted is what you would need to bet to win $100.