Odds Calculator

Our betting odds calculator offers three valuable functions, primarily designed for the convenience of US sports bettors. Firstly, it enables you to swiftly compute the potential payouts for your sports wagers, eliminating the risk of human error.

Secondly, it facilitates the conversion of betting odds between American odds, fractional odds, and decimal odds. This feature is particularly beneficial as odds are often presented in various formats, allowing you to seamlessly switch to your preferred odds format.

Lastly, it provides you with the implied probability of success based on the given betting odds. Below, we will delve into the details of different betting odds formats and their significance. For now, let's concentrate on how to use our bet payout calculator to determine your potential winnings when placing bets in the United States.

Exploring Sports Bet Payout Calculator

Imagine you want to wager $75 on Tiger Woods to win the Masters, and you come across fractional odds of 12/1. Although fractional odds are more prevalent in the UK and Europe, you can utilize our free odds converter to quickly determine their equivalent in American odds, which are commonly used in the US. In this case, you'll find that 12/1 translates to +1200 in American odds, a format widely employed in the US sports betting scene. If you prefer decimal odds, which are commonly used in Canada, you'll see that 12/1 equals 13.00 in decimal format.

What is Implied Probability?

This tool calculates the implied probability of success based on a given set of betting odds, effectively translating odds into probabilities. For instance, if the odds stand at +100 (equivalent to 2.00 in decimal odds and 1/1 in fractional odds), the implied probability would be precisely 50%, indicating a 50/50 chance of success. If you're wagering on a longshot NFL futures bet with odds of 40/1 (which translates to +4000 in American odds and decimal odds of 41.00), the implied probability would be just 2%. Conversely, if you're betting on a heavy favorite at -800 (1.13 in decimal odds and 1/8 in fractional odds), the tool reveals an implied 88% chance of success. Often referred to as a probability to odds calculator or an implied odds calculator, it helps determine the likelihood of winning a bet based on the odds provided by leading US sportsbooks and the best mobile sports betting apps.

What are American Odds?

American odds come in two forms: those starting with a plus (+) sign and those with a minus (-) sign. When the odds start with a plus sign, it indicates the potential profit from a $100 bet if you win. For instance, if you see +800 for the Kansas City Chiefs to win the Super Bowl, it means a successful $100 bet would yield an $800 profit. Remember, American odds do not include the return of your original bet amount. In this case, your total payout would be $900, as your $100 risk amount is also returned. Our betting calculator handles all these calculations for you, making it easy to understand.

You are not limited to betting exactly $100; it's simply a reference point. For example, wagering $20 on the Kansas City Chiefs at American odds of +800 would result in a $160 profit and a total payout of $180 if they win the Super Bowl.

When American odds start with a minus symbol, they indicate the amount you must bet to win $100. If you encounter odds like -110 for the Brooklyn Nets to cover the spread against the Boston Celtics, it means you'd need to risk $110 to earn a $100 profit. Your total payout would be $210, inclusive of your initial bet amount. Again, this is just a reference; you could bet $5,000 on the Nets covering and receive a $4,550 profit if successful.

What are Decimal Odds?

Decimal odds provide a straightforward way to understand your potential payout for winning bets, encompassing both your profit and the return of your initial bet. This odds format is widely used in Europe, Canada, Australia, and various other countries. You can conveniently convert decimal odds to American or fractional odds with the assistance of our free betting calculator.

Let's continue with the NFL odds examples mentioned earlier. If you come across odds of 9.00 for the Chiefs to win the Super Bowl, it means that for every $1 you wager, you can anticipate a $9 payout, which includes an $8 profit and the return of your $1 stake. If you place a $100 bet at 9.00, your total payout would be $900, comprising an $800 profit and the return of your $100 bet amount. In the decimal odds format, you might also encounter odds of 1.91 for the Brooklyn Nets to cover the spread. This suggests that for every $1 wagered, you would receive $1.91 if your bet is successful.

Decimal odds are often considered the simplest and most transparent format, and our odds payout calculator allows you to effortlessly switch to other odds formats if needed.

What are Fractional Odds?

Fractional odds are predominantly used in the UK and are also common in horse racing betting throughout the United States and worldwide. It's valuable to understand this format, and our gambling odds calculator can assist you in converting fractional odds to American or decimal odds, making it versatile as a horse racing calculator.

Much like American odds, fractional odds provide insight into the potential profit from a winning bet, excluding the return of the initial bet amount. You can calculate your potential profit by multiplying your bet amount by the fractional representation.

For instance, let's consider the Chiefs with odds of 8/1 to win the Super Bowl. If you place a $100 bet, you can calculate your potential profit by multiplying $100 by 8/1, resulting in $800. To find your total return, simply add the initial $100 bet amount. Another example is odds of 10/11 on the Nets covering the spread. By multiplying $110 by 10/11, you can determine a potential profit of $100. Some fractional odds may appear intricate, but our gambling calculator simplifies the process for you.

Our sports betting calculator simplifies the process of calculating your potential payout for any bet, eliminating the risk of errors. It also serves as a tool to verify fair payouts from your sportsbook. Just enter your desired bet amount, select your preferred odds format, and input the odds. The calculator will promptly display both your potential winnings and the total payout. For instance, if you decide to place a $100 bet on the Arizona Coyotes to win an NHL game at American odds of +120 through an Arizona sports betting site, our calculator will reveal that you stand to win $120, with a total payout of $220 upon success.

An odds converter is an invaluable tool that both occasional and seasoned gamblers rely on regularly. Successful sports betting isn't solely about picking a favored team or player; it hinges on understanding and analyzing the betting odds, whether it's the point spread or moneyline. Astute bettors prioritize value in numbers over team or player preferences. Our odds calculator offers immediate access to these critical numerical insights, automatically computed and available in various formats. This empowers bettors with precise data, enabling informed decisions when choosing their wagers at their preferred sportsbooks.

Our free bet code converter also proves beneficial for those who don't meticulously track every dollar in their bankroll. It instantly presents the inherent risk-to-reward ratio for any bet. For instance, consider the New York Yankees, listed at -250 on the moneyline for a home game against the Toronto Blue Jays at certain Ontario sports betting sites. If you aim to profit $60 by betting on the Yankees, the calculator reveals that you must risk $150 to win $60. This transparent presentation allows you to assess the value of the bet without manual calculations.