This betting odds calculator on Wolfcasinoguide.com allows you to input your stake & odds in American, Decimal, or Fractional format to have the payout for your bets calculated in a very simple way.
Betting Odds Calculator
Odds
Odds are the lifeblood of sports betting, as they tell you:
- how likely the win is and
- what your payout will be if you do place the bet.
The odds a sportsbook offers you relate directly to the implied probability of that outcome happening. When you find a bet for which the implied probability of an outcome is lower than the true probability, that is a bet you want to take.
How to Use This Calculator
There are different fields in this bet calculator, but you must only fill two of them. The remaining fields auto-populate based on what you enter.
- Bet amount (Required): Size of your bet in dollar format. You can be working with any unit type, and it will be displayed in dollar format.
- Odds value: Select whether you want a single bet or a parlay. If you choose “parlay,” the interface will change slightly.
Once you enter one of the following fields, the rest will auto-calculate, including the payout information:
- American Odds: The concept of American odds is based around $100. For example, a $100 bet at +120 will yield a profit of $120 while a $140 bet at -140 will yield $100 in profit. You can adjust the bet amount but the math remains the same.
- Decimal Odds: These show the total return per dollar wagered, including your initial stake. For example, 2.2 decimal odds are equivalent to +120 in American odds. You’d get back your $1 bet, plus $1.20 in profit. Anything under 2.0 decimal odds indicates a lower potential return.
- Fractional Odds: Your payout is calculated by multiplying your bet by the fraction. Example: A $10 bet at 9/1 odds would return $90 in profit. A $10 bet at 5/7 odds-equal to -140 in American odds-would return $7.14.
- Implied Probability: If you know an event’s probability, it can be input here, to get the corresponding odds. For example, you’ll see that a 50 percent probability comes out as American odds of +100 – the odds for a 50/50 event, like flipping a coin.
Finally, To Win and Total Payout will appear at the bottom, which cannot be changed manually.
- To Win: The amount you stand to win from your bet, as calculated from the amount bet and odds you have input. Example: if you were to wager $10 at +110 odds, the “to win” amount would be $11.
- Total Payout: This is the total return, which means both your winnings and the amount you bet. So, if you wager $10 at +110 odds, your “Total Payout” would be $21, the $11 profit plus your original $10 stake.
FAQ
What are Decimal Odds?
Decimal odds represent the total return for every $1 wagered, including your stake. For example, odds of 2.2 mean you’ll win $2.20 for every $1 bet, including your original wager.
What are American Odds?
American odds are based around $100. Positive odds (e.g., +120) show how much you can win on a $100 bet, while negative odds (e.g., -140) show how much you need to bet to win $100.
What are Fractional Odds?
Fractional odds represent the profit about your bet. For instance, 5/1 is the amount won for every $1 bet, while 5/7 is the amount won for every $7 wagered.
What is Implied Probability?
Implied probability denotes the chance of an occurrence according to the odds. You can calculate it from any odds type to understand the perceived chance of an outcome.
What is the Bet Amount?
The bet amount is the total sum you place on a wager. It determines how much you stand to win or lose based on the odds of the bet.
What is My Payout?
Your payout is the total amount you receive if your bet wins, including both your original stake and any profit from the bet. It’s the “to win” amount plus your wager.
We hope this odds calculator will help you to win even more. If it helped you, please share this link with your friends on social media.