![]() ![]() You might see an online bookmaker offering decimal odds of 1.69 on the LA Lakers to win on the moneyline against the Philadelphia 76ers in an NBA game and decide you want to wager $100 on the Lakers. In this example, you would win $900 if Woods prevailed, and your risk amount is returned on successful bets, so your total payout would be $975. The “Results” section on the betting odds calculator will tell you the win amount and your total payout amount.Enter the odds, and it will tell you the equivalent odds in American and decimal formats, plus the chance of success (the implied probability that the odds suggest).You would select “Fractional” for this example. To figure out your potential profit, you simply have to follow these steps: You could use this free bet code converter tool to instantly see that 12/1 equates to +1200 in American odds and 13.00 in decimal odds, which are common at Canada sportsbooks. Fractional odds are common in the UK and other parts of Europe but not at US sportsbooks. Let’s say you want to place a $75 bet on Tiger Woods to win the Masters and you see his odds listed at 12/1. ![]() For now, let’s focus on how to use our bet payout calculator to work out your potential winnings on a bet. The sections below explain the different betting odds formats and what they mean. Finally, it provides you with the implied probability of success that the betting odds suggest. Most sports bettors have a preferred betting odds format, so this tool allows you to quickly switch to the odds format you are most comfortable with. This is helpful, because betting odds are often presented in different formats. Second, you can covert betting odds between American odds, fractional odds and decimal odds. The betting calculator cuts out the potential for human error. First, you will be able to quickly calculate the potential payouts you stand to earn from any of your sports bets. Our betting odds calculator serves three useful functions. Here is an example of a game line that include juice attached the spread betting options.Ī one dollar bet on the Cowboys to cover the two point spread will result in a win of $1.85 if they can beat the Steelers by three or more points.Ī $1 bet on the Steelers to cover the -2.0 points will win $1.95 if they can manage to lose by 1 point, tie Pittsburgh, or outright win the game.How to Calculate Sports Betting Odds in 2023 ![]() It is for this reason that we described moneyline payouts first. Vigorish, or juice, is reflected in moneyline odds posted next to the point spread for both opponents in parenthesis. Point Spreads – Simple bets made against the spead will offer gamblers the chance to double their money if the team they wager on covers.īecause sports betting is not a massive revenue generator for sportsbooks, vigorish, or juice, is attached to the point spread that shave a few pennies on the dollar in favor of the house.
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