Free Bet Calculator with Odds

In the context of betting odds are directly linked to the implied probability of the outcome of interest. It could be the outcome of a sports game or match, a political race, or any number of things if expressed in terms of win/lose or win/lose/tie. There are different ways of giving odds in such a context and they are named mostly based on the geographical location where their use is most typical. Simply input your stake and the type of bet, and the bets calculator will do the rest.

Alex, a ten-year iGaming industry veteran and Managing Editor at BettingTools specializes in sports betting and betting tools. He also provides insightful reviews, ensures the accuracy of all offers, and maintains content quality helping you make informed choices. Combining professional expertise with a passion for football and soccer, Alex ensures we offer you a reliable resource, focusing on betting tools to assist with odds, accas, and other betting strategies. It shows you down to the cent what a bet pays, how much you’d make, and what the odds have to say about your chances. There’s no need to overthink it or do the conversions in your head or on paper. They’re mathematical tools that help you understand potential payouts – no different from using a regular calculator.

It’s essential to gamble responsibly, set limits, and never bet more than you can afford to lose. We provide resources like self-exclusion and links to support organizations such as Gamblers Anonymous and Gambling Therapy. Always gamble responsibly and stay in control—if it stops being fun, it’s time to take a break.

In fractional form, odds of one out of five would be represented as the fraction “5/1”, read “five to one”. Odds and can be more intuitive than American or decimal odds since they tell you how much one stands to gain for a given amount bet. Fractional odds are distinctly old-school and are used in the United Kingdom and Ireland.

From the bet types you can place with online bookmakers to the type of odds you might expect to find, we detail it all below for you. This could be useful if you are in another country to your typical place of residence because they may use unfamiliar odds to you. With a quick few clicks on our easy to use odds converter, you will be able to find out the odds and payout of your bet with the odds you are used to using. Using our odds calculator is designed to be simple and provide you with everything you need when trying to decide whether you should place a bet or not. Our online calculators, converters, randomizers, and content are provided “as is”, free of charge, and without any warranty or guarantee. Each tool is carefully developed and rigorously tested, and our content is well-sourced, but despite our best effort it is possible they contain errors.

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But with our free sports betting odds calculator, you can find out instantly, before you place your bet. Then if you are not happy with the return, you can pass and look for alternative bets offering more favorable odds. For example, a sportsbook might offer a 1win prop or futures bet with American odds of +2000 (the equivalent of 21.00 in decimal odds or 20/1 in fractional odds). But before you jump at the opportunity, here is another stat to consider.

We are not to be held responsible for any resulting damages from proper or improper use of the service. Known as “European” odds and “digital” odds, these are used across Europe, Canada, Australia and New Zealand. Their main advantage is that one can instantly spot who is the favorite and who is the underdog – the former will have the lowest odds and the latter – the highest. Typically written with a precision of three digits after the decimal point, decimal odds show the expected payout for every dollar wagered. If we believe we know exactly what the final score will be in a single match, we will be able to find odds to back that selection.

The best way to understand them is to add the numbers either side of the dash together. Once you’ve done that, the number on the right of the slash is how often out of that total a certain event should happen. The odds for the underdog, which will carry a plus sign (+), show how much you will win if you bet $100 on your choice. Similar to a handicap, point spread is one of the most popular forms of betting. The sportsbook “equalizes” the competitors by giving the underdog a virtual advantage.

They are probably more complicated than decimals or American odds, but if you choose to use them then our odds calculator will be able to quickly provide you with the returns on a fractional odds bet. Implied odds are odds transformed into a probability, expressed as a percentage, a.k.a. implied probability. It is possibly the most intuitive of all the types of odds when one is considering the risk and reward potential of a bet and is one of the outputs of our bet odds calculator.

You can use our betting calculator to work out your projected winnings on any sport you choose to bet on. These odds appear as whole numbers followed by a decimal point. They indicate the total payout on a winning bet of $1.

To calculate your winnings, divide your stake by the number on the right and multiply the result by the number on the left. Decimal odds are popular in Europe, Canada, and Australia due to their simplicity. They display the total payout (including the stake) for every unit wagered, making them easy to interpret.

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These are separate bets you can make on specific game outcomes either before the game starts or during the game independently of which team wins outright. Prop odds change frequently, especially live odds, so by the time the calculator gives you the payout, the odds that interest you might no longer be available. You can also use the calculator in the same way to determine payouts on over/under bets (totals). The most frequently made bet of this type is whether the total number of points scored by both teams combined will be over or under a certain number. Usually (but not always), the odds are -110 for both the over and the under. An important difference between decimal odds and American odds is that decimal odds indicate the total amount you will be paid if you win, not just the profit on your bet but also the cost of the bet.

The implied probability or likelihood of a bet with these odds winning is only 4.8%. You can even add it to your home screen on mobile (and desktop) devices to have quick access to our free customisable calculator. A lot of bettors have the same problem with odds, and it’s that they don’t always translate into simple numbers.

Place a £10+ bet on sportsbook at min odds 1/1 (2.0) each leg. Receive 2 x £10 free bets within 24 hours of bet settlement, and further 2 x £10 casino bonus the next day. Such a tool allows you to make instantaneous calculations of your odds and potential payout relevant to your bet amount.

We built it for anyone who wants to make sense of their bets before they lock them in. Type in how much you’re planning to bet—our calculator works with any amount. (divide -1 by the Malaysian odds) and multiply this by 100. SportingPedia.com provides daily coverage of the latest developments in the vibrant world of sports. Our team of experienced journalists aims to provide detailed news articles, expert opinion pieces, highlights, and many more. NFL betting expert Scott Kacsmar breaks down the AFC North battle pitting the TJ Watt-less Steelers against the two-headed backfield monster of Kareem Hunt and Nick Chubb and the Browns.

Brian is the owner of BettingTools, he has decades of experience in horse racing betting and the best ways to utilize betting tools and calculators. Brian’s vision is to provide a comprehensive resource for bettors, offering sophisticated tools combined with expert advice to enhance betting strategies. He has a passion for horse racing and soccer and a commitment to helping others gain knowledge and succeed in sports betting. Our Betting Odds Calculator is designed to help you quickly calculate your potential payouts and profits across a wide range of bet types. From Single bet to complex Accumulators, Yankees, and Super Heinz, the calculator offers real-time results for precise betting decisions. These are also known as ‘moneyline’ odds and span the range from minus infinity to -100, and from +100 to plus infinity.

• Calculate your potential winnings for any bet type with our comprehensive and easy to use odds calculator.
• That said, it is possible to come close to true odds for an event by resorting to predictive models.
• You can also convert odds to implied probability percentages, decimal, fractional or american by using the AceOdds Odds Converter.
• To use an odds calculator, you must have a basic understanding of the three main odds formats.

As you will probably be aware from what we have spoken about so far, or from using the free bet calculator tool we have provided, it also acts as an odds converter. This is perfect if you want to know the probability, or even just how much you stand to win and profit you will win from your bet. Thanks to the odds calculator, you don’t need to be registered with a site to click on their odds, which are sometimes restricted, and you can just calculate the odds with OddsPortal. The most frequently calculated are single and different accumulators. We have added these to the type dropdown that you can find on the top left. When you add a row, we will switch the type to accumulator.

The race track.You can also select a sportsbook right after a bet calculation from the quick-select row with the top offers available from trustworthy sportsbook operators. If a bookmaker site requires a bonus code for their welcome offer to work, you will also see a bonus code box, which will copy the code to your clipboard after you click or tap on it. Decimal odds, commonly used in Europe, Australia, and Canada, are represented as decimals and indicate the total amount that would be returned for a $1 bet, including the initial stake. To calculate the implied probability, divide 1 by the decimal odds. For example, if the decimal odds are 3.00, the implied probability is 1/3 or approximately 33.33%.

If they are 10/1, they should win once every 11 times – so there is less chance it will happen. Which means, for every $1 you bet, you’ll get $10 in return. If the Kansas City Chiefs are the favorites to win, their odds might be -175, and you’ll have to bet $175 to win $100 – a total return of $275. Their opponents, the Tampa Bay Buccaneers, may be priced at +145, and you’ll have to bet $100 to win $145 – a total return of $245. Bettor In Green is dedicated to providing expert insights and tools for sports betting and daily fantasy sports enthusiasts.