Decimal Oddsĭecimal odds are very popular across the globe with most online sportsbooks using decimal odds as their default. When using an American odds bet calculator, you will only be required to know your stake and odds, the calculator will do the rest. So if the Red Sox were getting -140 odds and you were going to wager $50 on them the betting calculator calculation would go like this: To calculate the profit for an American minus odds you may use the formula: So if we took the same example and gave the Boston Red Sox odds of -140, it would represent the fact you would have to wager $140 to make a profit of $100. When calculating American odds for minus odds wagers, you are calculating the odds for favorites, which returns less than even money in profits. Taking the example above, if we added a stake of $50 we can calculate the potential winnings from the bet using an odds calculator: To calculate the profits for (+) American odds wagers you may use the formula: Basically, American odds give bettors the amount of money they would profit from a wager of $100. If the New York Yankees are +275 to win an upcoming game against the Boston Red Sox, perhaps in the World Series, this means that for every $100 you bet on the Yankees you will receive a profit of $275. So whenever there is a minus (-) figure you lay that amount to win a hundred dollars, and where there is a plus (+) you win that amount for every hundred dollars you bet. You can also have a look at our odds converter! Moneyline Bet (American Odds)Īmerican odds, also known as money line odds, indicate return relative to a hundred unit base figure. Each type of odds requires different calculating methods when using a sports betting odds calculator. There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds.

Read about how to start betting on basketball before making your first wager.Ī betting odds calculator takes the odds and stakes of a particular bet and figures out the payout automatically.Use a Caesars bonus code when registering for a welcome promotion.To learn more about how to use a betting calculator and the different odds formats available for sports betting read below. How To Use A Betting Odds Calculator Moneyline Bet (American Odds) Decimal Odds Fractional Odds

Calculating sports betting odds