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 calculate odds of winning a bet is usually down to three things; the number of possible outcomes, the likelihood of an event occurring and the amount of money (or vigorish) retained by the sportsbook or bookmaker. The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. Potential Profit = Stake x (Odds/100) Since you also get your stake back with a winning wager, this needs to be taken into account when calculating your total payout. Let’s use a couple of examples to illustrate how this works. To convert American odds to decimal odds, you take the total payout of the wager and divide it by the amount wagered. For American odds with a negative value: Using odds of -130, you would need to. The minimum betting amount for a Trifecta Bet both online and at the track is $0.50 or $1. These bets are very popular, because they are a low cost bet. Of course, the larger the field, the larger the payout. How To Calculate the Payout for An Exacta Bet.

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?

• 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.

What are American 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.

The Free Bet Calculator is the most advanced online sports bet calculator, allowing you to calculate the stake and profit for an extensive range of bets. All of the most popular bet types are supported, including Lucky 15, Single, Double, Accumulator, Patent and Round Robin, along with more specialised bets such as Alphabet, Magnificent 7, Union Jack, and the infamous Bookies Nightmare! Configurable bonuses and consolations can be applied to relevant bets, enabling the calculation of the full expected return.

Large Accumulators and perms consisting of up to 20 selections are possible, with full support for each way bets (including equally divided), and bets affected by Rule 4, dead heats and joint favourites.

How To Calculate Bets With Odds Calculator

As well as calculating the return on your winning bets, the bet calculator can be used before you place your bet, to quickly compare how the return may be affected by different outcomes for each selection. For example, can you still make a profit if only two of your Lucky 15 selections win?

If you’re not sure which bet type to pick you can Compare Bet Types. This is an especially powerful tool when used in conjunction with the Maximum Total Stake setting, to equalise the stakes and ensure you stay within your spending limit.

How To Calculate Bets With Odds Without

Although the Free Bet Calculator is quick and easy to use, even for complex bets, contextual help is available via the information buttons . New visitors may also find the detailed Betting Glossary and Help pages useful.