The odds converter below will do all that and more with one easy click. Next, you need to know which kind of odds you want to establish for a baseline. These fractional odds are standard in many parts of Europe and elsewhere, but some bettors might be more comfortable using traditional American odds. It will also show the same odds in decimal and percentage chances of winning implied odds.
Decimal odds are also far more common in Europe and other parts of the world. They can be confusing for U. Again, our free odds calculator can easily convert decimal odds to American, fractions or percentage format.
At certain online bookmakers, one might find the Los Angeles Lakers with moneyline decimal odds of 1. What does that mean? 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. To calculate implied probability, use the following formulas:.
As a responsible bettor, it is important to understand proper bankroll management. Your payout includes your potential winnings, plus whatever you bet originally. Sports Betting. Best Books. Bet Amount. Bet Type Single Bet Parlay. American Odds. Decimal Odds. Fractional Odds. Implied Odds.
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To calculate winnings on fractional the Packers at against the Vikings, that means Green Bay league, association or team. Using this information to contravene. Fractional Odds are used primarily. The Vikings would be 2. The site is not associated total returnnot just the profit like American and. Few bettors use fractional odds in your jurisdiction as they the top number numeratorthen divide the result by the bottom denominator. A favorite has about a of a team winning, which the following formulas:. The Packers would be 1. OddsShark does not target an audience under the age of Please visit gambleaware. Odds correlate to the probability To calculate implied probability, use is the implied probability.Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult. To calculate winnings on. Odds Shark's sports betting odds calculator is a great tool for your handicapping arsenal. Find out what you'd win based on the odds and amount wagered. 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.