Our Betting Odds Calculator is an excellent tool that allows you to understand your prospective earnings across various sports bets.
The odds calculator helps decipher your potential returns, considering the wager and betting odds. It serves as your betting compass, providing clarity on your possible winnings even before you make any selections at your preferred sportsbook.
On this page, you’ll find an in-depth guide on how to utilize our betting odds calculator, enabling you to make informed sports bets.
Betting Calculator Formats Explained
- American Odds Example: -110
- Decimal Odds Example: 2.0
- Fractional Odds Example: 1/1
- Implied Odds Example: 50%
- Enter your Bet Amount ($) For Example: 100
- Potential Earnings ($) To Win ($)
- Total Returns ($) Payout ($)
Instructions to Utilize Our Betting Odds Calculator
Step 1: Input your preferred odds. Our calculator can handle all significant formats:
- American Odds (-400)
- Decimal Odds (1.25)
- Fractional Odds (1/4)
- Implied Probability (80%)
Most sportsbooks provide each of these odds formats, and it is up to you to choose the one you feel most comfortable with. We tend to use the American format here at Betting.dev.
Step 2: Key in the amount you intend to wager.
Our calculator will do the rest for you. It will display your potential earnings and the total payout.
We’ve preset the bet amount to $100, but you can adjust it to any sum, subject to your available funds.
Odds Calculator Format Insights:
Understanding Odds and Probabilities
Different platforms and bookmakers typically support three primary ways of expressing odds. Comprehending these and the concept of Implied Probability is crucial for evaluating a bet or gauging the likelihood of an outcome.
Sports Betting Odds Calculator:
Enter your bet amount, odds and choose a format to calculate betting odds online.
American Odds Positive Figures (+):
The odds display the earnings on a $100 bet.
For instance, American odds of +120 would yield $120 on a $100 bet.
Negative Figures (-):
The odds signify the amount needed to wager to earn $100 profit.
For instance, American odds of -120 would yield $100 on a $120 bet.
Decimal Odds:
Decimal odds express the total potential return on a bet, relative to the stake.
If you bet $10 at odds of 4, you would receive $40 ($10 x 4), making your potential profit $30 ($10 x 4 minus the $10 stake).
Fractional Odds:
Primarily used in the United Kingdom and Ireland, fractional odds show the potential profit relative to the stake.
If you bet $10 at odds of 3/1, your potential profit is $30 ($10 x 3), resulting in a total return of $40 ($30 plus the $10 stake).
Implied Probability:
Implied Probability is the conversion of betting odds into a percentage, which reflects the likelihood of an event happening.
For instance, a 4/1 bet is expected to win once in every five attempts, implying a probability of 20%.
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