A Quick Intro to Odds
Odds play a key role in your betting journey whether you're a part-time parlay picker or a smart betting pro. Why? Because they tell you how likely an event is to happen (or at least how likely the sportsbook thinks it is), which directly influences how much you're able to win.
Basically, betting odds show the amount you can win for every $1 you stake. For example, winning with odds of +100 would get you back $2 ($1 + your stake), whereas winning with odds of +500 would get you back $6 ($5 + your stake).
The next section expands on the different odds types a bit more, so if you're just here for the calculator info, skip this section
Understanding the Different Odds Types
You may come across odds displayed in several formats. These are simply different ways of showing odds, which can differ depending on where you are.
The three most commonly used odds types are:
- American Odds: Used mainly across the U.S., American odds will either start with a ‘+’ or ‘-’ symbol, indicating the favorite and the underdog. Here, every +100 gives you the value of your stake back as winnings. For example, if you bet $10 at odds of +300, you'd get $40 back if it won ($30 + your stake).
- Decimal Odds: Used mainly throughout Europe (excluding the UK) decimal odds are often seen as the simplest way to display odds. Here, odds of 1.0 gives you the value of your stake back as winnings. For example, if you bet bet $10 at odds of 3.0 you'd take home $40 if you won ($30 + your stake).
- Fractional Odds: Used mainly in the UK, fractional odds display odds as a fraction (unsurprisingly). Here, odds of 1/1 gives you the value of your stake back as winnings. For example, if you bet $10 at odds of 3/1 you'd take home $40 if you won ($30 + your stake).
Note: The implied probability is just the probability percentage linked with the odds. For example, a 100% implied probability would be 0 in American odds, 1.0 in decimal odds, and 0/1 in fractional odds.
Odds Conversion Table
| American Odds | Decimal Odds | Fractional Odds | Implied Probability |
| -500 | 1.20 | 1/5 | 83.3% |
| -450 | 1.22 | 2/9 | 81.8% |
| -400 | 1.25 | 1/4 | 80% |
| -350 | 1.29 | 2/7 | 77.8% |
| -333.3 | 1.30 | 3/10 | 76.9% |
| -300 | 1.33 | 1/3 | 75% |
| -275 | 1.36 | 4/11 | 73.3% |
| -225 | 1.44 | 4/9 | 69.2% |
| +100 | 2.00 | 1/1 | 50% |
| +125 | 2.25 | 5/4 | 44.4% |
| +137.5 | 2.38 | 11/8 | 42,1% |
| +900 | 10.00 | 9/1 | 10% |
| +1000 | 11.00 | 10/1 | 9.1% |
| +2000 | 21.00 | 20/1 | 4.8% |
| +5000 | 51.00 | 50/1 | 2% |
| +10000 | 101.00 | 100/1 | 1% |
What is a Betting Odds Calculator / Odds Payout Calculator?
A betting odds calculator, also known as an "odds payout calculator" or simply an "odds calculator", is a sports betting tool that instantly calculates potential bet payout based on the odds and stake you enter.
This simple but effective tool can help bettors identify and plan favorable bets, and even convert odds instantly for ultimate transparency and accuracy. Our odds calculator not only calculates the potential winnings from your bet, but instantly shows you the odds equivalents across the main three odds formats: American odds, decimal odds and fractional odds.
How Do I Use a Betting Odds Calculator?
Using a betting odds calculator to calculate bet payout is simple, it takes just three steps:
- Enter Your Bet Amount: This is how much you're intending to place on your bet, A.K.A your stake.
- Enter Your Bet's Odds: This is the odds attached to your bet. If you're in the U.S., this will most likely be in an American odds format (e.g. +100).
- View Your Payout: The calculator will instantly calculate the potential payout you could earn from placing your bet at those odds. It will also show you what the equivalent odds are across American odds, decimal odds and fractional odds formats, as well as the implied probability.
What Are the Benefits of a Betting Odds Calculator?
Betting odds calculators can offer bettors a wide range of benefits, five of the most powerful include:
- Accurate Payout Estimation: A betting payout calculator helps ensure precise total payout calculation when wagering, using bet amount and odds. This reduces the risk of miscalculating potential returns on a wager.
- Time Efficiency: Instantly calculates your potential winnings without manually performing complex math, saving time and enabling you to focus on other aspects of your betting strategy.
- Simplifies Odds Conversion: Converts various types of betting odds, such as fractional, decimal and American, making it easier to understand potential returns in different formats.
- Informed Betting Decisions: By showing the exact payout of wagers, the calculator helps you gauge the potential risk versus reward of each bet, leading to smarter and more strategic betting choices.
- Reduces Human Error: Eliminates the possibility of manual errors in calculating payouts, ensuring accuracy and preventing costly mistakes that could affect your betting outcomes.
Are There Any Drawbacks of a Betting Odds Calculator?
Though an odds calculator offers a variety of powerful benefits, it's not an all-in-one solution to betting success. As such, there are a few important risks you should consider when using one:
- Changing Odds: Sportsbooks can change their moneyline odds on events in seconds, meaning that what you type into the calculator one minute may not be up-to-date the next. This is why you should always double check your odds.
- Manual Process: Though an odds calculator instantly calculates potential payout, this still leaves you to go back to the sportsbook, find the event, check your odds and place the bet yourself.
- Doesn't Guarantee Wins: Whilst an odds payout calculator can improve your betting strategy, it cannot guarantee you win your bets - the usual risks attached to typical sports betting apply.
Are There Any Betting Tools Better Than Odds Calculators?
While betting calculators like odds calculators, hedge calculators and free bet conversion calculators can be useful tools for fast-tracking bet planning, they aren't all-in-one tools that can guarantee you betting profits.
However, you might be surprised to here there are two game changing tools out there that can. Introducing the Dutch Matcher and Dutch Matcher Calculator - the ultimate matched betting tools.
Dutch Matcher
The ultimate tool for guaranteeing betting profits, the Dutch Matcher helps users convert sportsbook promos (like free bets) into guaranteed profits quickly and easily through a clever process called matched betting.
Scanning all sporting events across your state, the Dutch Matcher matches games with the ideal mix of odds that can allow you to: a) unlock a sportsbook promo risk-free b) convert that promo into guaranteed cash.
Dutch Matcher Calculator
Working hand-in-hand with the Dutch Matcher, the Dutch Matcher Calculator calculates the exact figure you must hedge your bet by to guarantee a profit regardless of a sporting event's outcome. This means all you have to do is follow the instructions and reap the rewards.
Together, they are the most powerful and profitable betting tools on the market today, and you can get full access to both of them for $1 in ProfitDuel's 7-Day Premium Trial.
Get Started Making Money Smart Betting
Odds calculators can be a handy intro to betting tools, but if you're looking to make a serious side income betting smart, the matched betting technique is unrivalled.
The betting strategy that removes risk, matched betting helps users around the globe turn sportsbook promos into guaranteed profits using a few handy tools and guides.
At ProfitDuel, we're the masters of matched betting, having helped over 500,000 members across the U.S. and Europe earn monthly profits in the $1,000s using our easy-to-use software, beginner walkthrough guides and friendly one-to-one support.
The best part? We're offering 7 days full access to ProfitDuel Premium for just $1 for new members. Go ahead an give it a whirl to see how much you could earn.
.png?width=50&height=50&name=download%20(1).png)
