A betting odds calculator and converter multiplies the stake by the odds to determine the potential profit on your sports betting wagers. Simply enter your stakes and odds, and our tools will tell you how much profit you should expect to receive using American, fractional or decimal odds. The bet calculator allows you to input your stake & odds in American formats to quickly calculate the payout for your bets. Our sports betting odds calculator and converter will allow you to convert odds between different formats instantly. You will also be able to calculate your potential payout based on the odds and your bet amount immediately. Either way, fill out the wagering amount and the odds. Then, the calculator will automatically show you what you can win. Plus, our betting odds calculator displays both the total return on your wager and the profit you get. Granted, there are a few types of betting odds out there. This means you need to have a reasonable grasp of what odds are.
Probability Gambling Odds Calculator
On This Page
Introduction
The calculator will calculate the house edge for an event that has just two possible outcomes, known as a '.' Whether it be a spread against the spread, money line, or total, if there are only two possible outcomes, then you can use this calculator. Just put in the line on each outcome, click 'calculate,' and the calculator will tell you the house edge, assuming both sides have the same house edge.
The calculator defaults to American odds (for example -110, +120). The alternative is European odds, which are expressed on a 'for one' basis (for example 1.9091, 2.2000).
Of course, I'm not claiming that both sides always have the same house edge. This is more of a tool to determine how much juice a casino takes out. For example, if a money lines on a are +300 and -450 then the balanced house edge would be 6.38%.
For bets with more than two or more possible outcomes, please see my futures calculator.
A betting odds calculator and converter multiplies the stake by the odds to determine the potential profit on your sports betting wagers. Simply enter your stakes and odds, and our tools will tell you how much profit you should expect to receive using American, fractional or decimal odds. The bet calculator allows you to input your stake & odds in American formats to quickly calculate the payout for your bets. Our sports betting odds calculator and converter will allow you to convert odds between different formats instantly. You will also be able to calculate your potential payout based on the odds and your bet amount immediately. Either way, fill out the wagering amount and the odds. Then, the calculator will automatically show you what you can win. Plus, our betting odds calculator displays both the total return on your wager and the profit you get. Granted, there are a few types of betting odds out there. This means you need to have a reasonable grasp of what odds are.
Probability Gambling Odds Calculator
On This Page
Introduction
The calculator will calculate the house edge for an event that has just two possible outcomes, known as a '.' Whether it be a spread against the spread, money line, or total, if there are only two possible outcomes, then you can use this calculator. Just put in the line on each outcome, click 'calculate,' and the calculator will tell you the house edge, assuming both sides have the same house edge.
The calculator defaults to American odds (for example -110, +120). The alternative is European odds, which are expressed on a 'for one' basis (for example 1.9091, 2.2000).
Of course, I'm not claiming that both sides always have the same house edge. This is more of a tool to determine how much juice a casino takes out. For example, if a money lines on a are +300 and -450 then the balanced house edge would be 6.38%.
For bets with more than two or more possible outcomes, please see my futures calculator.
Written by:Michael Shackleford
Sports Betting Odds Calculator App
This is the % that you will need to win a bet with the entered odds in order to break even. For example if the odds were +150 you would need to win that bet 40% of the time (4 out of every 10 bets) in order to break even. Any percentage higher than 40% and you will be profiting.This is a great tool for beginners that are learning how to use another type of betting odds (whether it is American, Decimal or Fractional that you are new to). It is also a great tool to show you how often you need to be winning your bets given certain odds to break even. A lot of beginner bettors will take big underdogs and not realize how often they need to win their bets to just simply break even. For example if you are betting -200 favorites you will need to win 67% of your bets (2 in every 3) just to break even.
This is a great tool for beginners that are learning how to use another type of betting odds (whether it is American, Decimal or Fractional that you are new to). It is also a great tool to show you how often you need to be winning your bets given certain odds to break even. A lot of beginner bettors will take big underdogs and not realize how often they need to win their bets to just simply break even. For example if you are betting -200 favorites you will need to win 67% of your bets (2 in every 3) just to break even.
I hope you find this sports betting odds calculator helpful and feel free to link out to your calculations in any forums you use, with your friends, or on your own blog if you have one.
