Free Odds Calculator
Using a free bet calculator enables you to see how your selections, and the odds for them, impact your returns and profit. Our betting odds calculator is flexible and customizable. You can enter your own stake and the odds for a single bet or a range of multiple bets.
Our sports betting calculator will do the work for you in seconds. Before making any bet, it helps to know what you’re risking for the expected payout. Enter Your ‘Bet Amount’ – that’s what you’re risking, along with the American, fractional or decimal odds. The calculator is fully customisable and comprehensive in the options it offers. For example, you can change the odds format and odds for each selection in addition to configuring each way bets and wagers affected by Rule 4 or dead heat scenarios.
How to Calculate and Convert Odds
Use this bet calculator to easily calculate and convert between american odds (moneyline odds), decimal odds, fractional odds, and implied odds. Calculate the implied probability given odds and determine the payout and potential winnings from a bet. Works simply as an odds converter if no bet is entered. The default setup of the calculator is a single bet with fractional odds type, and no modifiers applied.
AceOdds provides the most comprehensive and reliable suite of bet calculators, with over 50,000 bets calculated daily. Trusted by independent bookmakers and punters to work out returns, you can be sure that the calculations are accurate. You can also convert odds to implied probability percentages, decimal, fractional or American by using the AceOdds Odds Converter. To use an odds calculator, you must have a basic understanding of the three main odds formats. For example, if your odds convert to an implied probability of 60%, your bet theoretically needs to win 60% of the time to breakeven.
Before placing a wager on any event, all bettors must consider their budget and ensure they are at least 18 years old. A bet calculator is an incredibly useful tool for any sports bettor. Odds can be quite complicated – especially when you bet on parlays – so being able to work out your potential returns quickly and easily saves you a lot of time. Our free online bet calculator allows you to work out potential winnings from your bets. Calculate your potential winnings for any bet type with our comprehensive and easy to use odds calculator. You can also convert odds to implied probability percentages, decimal, fractional or american by using the AceOdds Odds Converter.
U.S. odds in the negative half of this range represent the amount one needs to stake to win $100 while odds in the positive half represent the amount one stands to win on every $100 staked. This means negative odds are given to the event which is considered more probable whereas positive odds are given to the event considered less probable. In the case of sports betting, negative odds are given to the favorite to win and positive odds are assigned to the underdog. Odds are simply an expression of the mathematical probability of a particular event happening. These are calculated by oddsmakers or traders who are experts in each event.
How to Convert Hong Kong Odds to Fractional Odds
Both are essential for accurate horse racing calculations. Calculators prevent costly mistakes on complex bets and help with bankroll management. You’ll know exactly what you’re risking and what you might win. All bet types explained – Read about all the different kinds of bet, what they are comprised of and how they are calculated.
The generated betslip can be saved or you can reset it, which will clear all of the details you have previously entered. You can change your bet information until you see calculations that would reveal a good value bet with a great potential for generous return. Providing you with the best insight, knowledge and picks for online betting, as well as odds comparisons and great offers from the most trusted brands in the industry.
The result will reflect that bet type to avoid confusion when calculating multiple bets. The different types found in the dropdown are the most frequently played ones that can make you big money with a small stake. Depending on where you are, you will be presented with one of three different formats. It’s always worth reminding yourself that the probability they are expressing is the same – and that you can convert from one to another quite easily. You can compare all three formats using our free online odds calculator.
This is usually employed for low-scoring sports such as soccer and hockey, less so for high-scoring sports like basketball and football. Bettor In Green is your go-to platform for sports betting and daily fantasy sports, designed to help you dominate player props. A multiple bet (or multi) is where you place one bet but need both selections to win in order to collect. A win double (two bets) on Liverpool to win the Premier League and Leeds to win the Championship. Point spread bets, unlike moneyline bets, take into account the margin of victory. If you bet on the favorite, the team not only has to win the game outright but also by more than the designated point spread.
Decimal odds are used in many parts of the world, including Europe, Australia 1win and New Zealand. The main thing to remember when you see decimal odds is that they include the stake that will be returned to you. This is not the case with American or fractional odds. Also known as a totals bet, with over/under bets we’re looking to work out how many times a particular event will happen, rather than pick a winner. The sportsbook will set a number, such as the combined number of points in an NBA game, and if we think it will be more than that total, we go over; if fewer, under.
It means that a $150 wager would return $525 total if it hits, and that includes your original bet. The odds are showing you that there’s a 28.57% chance of it landing. Our calculations are exact and match sportsbook payouts. The formulas are tested against real-world results from major Canadian betting sites. – The easy to follow explanations and examples will help you understand how returns are calculated and the different options available for this bet.
With a focus on data-driven strategies, he craft content to help readers make informed decisions and maximize their success. Like a double and treble, it’s a multi bet term used to describe bets that have four or more selections. An accumulator (or acca) is a very popular bet with punters when it comes to football, where you can multi up many different selections and with it the odds increase with the more selections you add.
However, if you bet on the underdog, you can still win your bet even if the team loses outright, as long as it does not lose by more than the point spread. If the favorite’s margin of victory falls exactly on the number, any point spread bet is a push. Suppose you want to bet $100 on the favorite, the Bengals. But first, you want to ask the calculator what the payout will be if you win.
- Decimal odds are popular in Europe, Canada, and Australia due to their simplicity.
- Their main advantage is that one can instantly spot who is the favorite and who is the underdog – the former will have the lowest odds and the latter – the highest.
- Then, if you win, your total payout will be $230 (the $130 cost of the bet + $100 profit).
- If a competitor is 1/5, that means out of every six times the event occurs they should win five times – so they are a heavy favorite.
You can use our odds calculator to work out what your winnings will be if you bet at those odds. You can convert your odds between American, decimal and fractional quickly and easily by using the table below. The “implied probability” is a mathematical expression of the percentage chance of the selection you are choosing being successful. One way to use our free betting odds calculator is to give you the payout on a moneyline bet. This is a bet simply on which team you think will win outright. Keep reading to learn how our easy-to-use odds calculator works and will allow you to determine in advance exactly what the payout will be on your winning moneyline, point spread, over/under, or prop bet.
Our odds calculator can be a very helpful tool for sports bettors to have handy. It can show in seconds exactly how much any type of winning sports bet will pay based on the odds and amount wagered. Using a calculator bypasses the cumbersome task of performing the necessary calculations manually, which is both time-consuming and susceptible to error.
The article explains the composition of the lucky 15 and how bonuses are applied. Compare how different outcomes on each selection might affect your profits before placing your bet. First Bet Offer for new customers only (if applicable). This promotional offer is not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico. Fraction odds are also commonly used in the United States for horse racing.
To quickly reset the calculator, we have added the reset button, that you can find below the list in the app. We have implemented a couple of features for the bet calculator app that will make your life easier. When you revisit the app later, you will find it already set up with your preferred odds type, the theme you have selected, as well as the option to hide the information that you are currently reading. This way, you can make the bet calculator app feel more like an actual app, rather than a website.The bet calculator app also has a few color themes that you can choose from for different occasions. The darker colors are perfect for low light conditions at night, while the brighter colors fit well for a sunny day out, at eg.
Once you have entered the odds that you see at the sportsbook, you will see the implied odds represented in percentages. The next step is to simply type the amount you would like to wager and the calculator will present the potential total return as well as the total profit you can expect if you enjoy a successful betting session. Our betting odds calculator can show you your expected payout based on your bet amount and odds, as well as what your odds are in other formats and your implied probability of winning. As soon as you place your bet, your bet slip will show your payout if you win.