In this guide, we’ll show you how to use our sports betting odds calculator. We’ll also give you a more simplified explanation of the different kinds of sports betting odds. Read on to find out more.
Choose the bet amount of money
Choose the Odds
Choose the American Odds
Choose the Bet Type
Choose the Decimal Odds
Choose the Fractional Odds
Choose the Implied Odds
Your total payout with the current odds and stake.$0.00 Profit
Using our betting odds calculator is much easier than you could imagine. There’s nothing complicated about it, all you need to do is:
Our sports betting odds calculator will take care of the rest for you.
There are different kinds of bets in sports and it is essential that you understand most, if not all, of them. In this section, we’ll explain the popular types of bets in sports.
As the name implies, you’re placing a single bet. A single bet is the easiest and most common type of sports bet.
You’re placing a bet on a single outcome or selection. For example, betting on Tottenham Hotspur to win the game.
In a double bet, you’re betting on two different outcomes or selections. To get a payout, both outcomes must win. If one outcome is lost, so does the entire bet.
For example, betting on Manchester City to win the Premier League and Arsenal to win the FA Cup.
An accumulator bet is also known as acca or parlay. This type of bet involves the combination of multiple bets or selection. To get a payout, all selections involved in an accumulator bet must win.
In the Lucky 15 bet, you make four selections that must total 15 individual bets. This kind of bet is popular in horse racing.
The Lucky 15 Bet includes:
It is similar to the Lucky 15 bet, but in the Lucky 31 bet, there are five selections consisting of 31 individual bets. It is most commonly used in horse racing.
The Lucky 31 Bet includes:
The idea of the Lucky 63 bet is quite similar to the Lucky 31 bet. Lucky 63 bet involves six selections consisting of 63 bets.
The Lucky 63 Bet includes:
A Yankee bet involves four different selections consisting of 11 individual bets. If all selections win, you’ll win 11 bets in total.
The Yankee Bet includes:
An example of a Yankee bet is betting on four horses in different horse races.
A Canadian bet involves five selections consisting of 26 individual bets. The Canadian bet is also known as Super Yankee.
The Canadian Bet includes:
In this section, we’ll be looking closely at the common types of bettings odds and how to convert them to other betting odds.
The American odds are also called Moneyline or US odds. They are commonly used by the US sports bettors. American odds are represented by positive or negative symbols.
Here’s a guide on how to convert American odds to other types of odds.
American odds to Fractional odds
American odds to Decimal odds
Decimal odds are also known as European odds. They are commonly used by European sport bettors but are also used in other countries.
The formula for decimal odds is simply:
Bet amount multiplied by odds = return
Overall return = (Profit – Initial bet)
Let’s take a look at an example:
You made a bet $10 and the decimal odds is 4.00.
Therefore, your overall return is $30 because the initial $10 was risked.
Here’s how to convert Decimal odds to other betting odds:
Decimal odds to American odds
Decimal odds to Fractional Odds
Fractional odds are mostly used in the UK. As the name implies, it is expressed in fractions. For example, 7/2. It is much better to say 7/2 than 3.5/1.
The odds of 7/2 is read out as “7 to 2”. 2 represents the wager amount and 7 represents the amount a bettor is likely to win.
Here’s how you would convert fractional odds to American and decimal odds:
Fractional odds to American odds
Fractional odds to Decimal odds
Fractional, Decimal and American odds can be converted into Implied Probablility, expressed in percentage.
Below is a conversion table of the four common betting odds in sports:
|American Odds||Decimal Odds||Fractional Odds||Implied Probability|
A betting odds calculator will show you how much you’re likely to win based on the betting odds and the amount wagered. Before you make any bets in any kind of sports, you need to know the odds first.
Doing the math from scratch can be quite challenging especially if you don’t enjoy math at all. This is where our betting odds calculator comes into play, you don’t have to do all that boring math by yourself. Just enter the necessary information and you would have your answer!
You can calculate the betting odds of any kind of sports using our betting odds calculator.
7 to 4 odds means that out of 11 outcomes, there will be 7 of one kind of outcome and 4 of another kind of outcome.
You can use our betting odds calculator to calculate the odds in all kinds of sports, for example, football, horse racing, tennis, basketball, e.t.c.