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To learn more about how to use a betting calculator and the different odds formats available for sports betting read below. Read about sportsbook bonuses :. A betting odds calculator takes the odds and stake of a particular bet and figures out the payout automatically.
Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds. There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. Each type of odds requires different calculating methods when using a sports betting odds calculator. You can also have a look at our odds converter! American odds, also known as money line odds, indicate return relative to a hundred unit base figure.
When calculating American odds for minus odds wagers, you are calculating the odds for favorites, which returns less than even money in profits. To calculate the profit for an American minus odds you may use the formula:. When using an American odds bet calculator, you will only be required to know your stake and odds, the calculator will do the rest.
Decimal odds are very popular across the globe with most online sportsbooks using decimal odds as their default. At most online sportsbooks like BetRivers or bet , you can switch to this format if you prefer.
If the Lakers were getting 2. Calculating the potential earnings for decimal odds is very simple. You simply multiply your stake by the odds and then subtract your stake. An odds calculator will automatically work out the odds of all the wagers combined and give potential winnings for parlay bets in seconds. Fractional odds are popular in the European region, especially amongst horse racing bettors in the UK and sometimes for Daytona betting.
With fractional odds, you are given the profit in proportion to the stake. The way a betting odds calculator calculates the profits for a fractional odds bet is by dividing your stake by the denominator and then multiply the stake by the numerator:. With this online betting odds calculator, you simply enter your stake and the lines for the bet you made to see your expected profit if you win. Gambling Problem? Call Gambler. William Hill. Betfred Sports. Fox Bet. Barstool Sportsbook.
BetMGM Casino. Essentially, decimals show the potential payout for every dollar wagered. The Lakers at 1. Simply change the preferred format to decimal, enter 1. A good gambler is looking for value in numbers more so than value in teams or players. Our odds calculator provides those hard numbers instantly, calculated automatically, in all different formats, so that bettors know all the exact numbers before making an informed decision on which outcome to back at their favorite sportsbook.
Then go to our parlay calculator , plug in the odds and see the potential payout. The betting calculator can help with all sorts of wagers. Point spread is the most common form of betting in the U. A bet on the Patriots means they need to beat the Dolphins by eight points or more in order to win the bet. Totals are much the same. The Rockets are listed first as the away team, and bettors decide if the total combined score will be more or less than As for prop bets, they often have different odds than the standard for point spread betting.
An NBA player prop bet looks something like this:. With point spread comparisons, public betting consensus, the very latest odds in all sports and the odds calculator, Bookies. Novice sports bettors can lean heavily on the calculator as they learn more about point spreads and different types of odds. Even the most experienced players still have use for it, especially as an odds convertor to avoid tricky math. No matter your knowledge or experience level, the betting calculator can help everyone make smarter decisions with their bets and amount wagered.
Implied Probability How to Calculate Parlay Bet Odds A parlay bet is a single wager that requires two or more outcomes to all win. Presidents' Weekend Nets at Warriors, who wins? Nets Warriors. How many points does Kevin Durant score vs. Lakers at Nuggets, who wins? Lakers Nuggets. LeBron James Nikola Jokic tie. Does Auston Matthews score a goal vs. MON on Saturday? Yes No. Does Alex Ovechkin score a goal vs. PIT Sunday?
Michigan at Wisconsin, who wins? Michigan Wisconsin. Enter the amount you want to win and the odds to see the amount you need to wager. Parlay Calculator. The long awaited parlay calculator is here! Winning total is dynamically calculated after each entry. Place your bets! We've done the homework for you and checked out these sportsbooks.
We're confident you'll have a great experience at any of these sportsbooks. MyBookie is an industry-leading online sports betting website, providing a safe and secure place for all your online betting needs. BetOnline , born as BestLineSports.