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HOW TO USE OUR ODDS CALCULATOR?

  1. Step 1. Choose Single Bet or Parlay (2+ bets)
  2. Step 2. Select Bet Type and add Bet Amount
  3. Step 3. Add the odds you were given and check how much you will win on 'Payout' and 'To Win'.
Remember - win more by comparing Sportsbook odds before placing your bets!

HOW TO USE THE SPORTS BETTING CALCULATOR

ODDS PAYOUT CALCULATOR REVIEW

By Anthony Licciardi

Odds Calculator

Nobody likes being confused, especially when there is money on the line. American odds can be a foreign language for any new bettor, but they must be confronted if one is going to understand the gambling landscape. Bet Basics’ odds calculator is your premier tool for learning how to bet on sports. From simplifying American odds to translating decimal and fractional odds and computing implied probabilities or avoiding costly mistakes and mis calculations, our betting calculator can be your best friend. Here’s what you need to know

Use the Odds Calculator to be 100% sure

I love watching my favorite teams compete night in, night out. It’s appointment viewing on my living room television screen and the best possible background noise to dinner. And yet, few would argue that every game has the same intensity that makes it so great. Sometimes, it’s 5-1 in the fifth inning or 23-7 entering the fourth quarter. Perhaps an NBA superstar is having a load management day. There’s a gap of intensity to fill, and the oft-advertised world of sports betting is an ample solution.

However, I waited way too long to get in on the action. Why? I don’t like losing and I hate being wrong. Why was the favorite, the Philadelphia Eagles, listed with a moneyline of -170 when the spread was at -110? Was it worth it to take the Knicks at +140 odds to win? American odds like these confused me, and I missed out on the fun because I was intimidated.

An adequate odds calculator would have helped me grasp the world of sports betting sooner. A good betting odds calculator allows bettors to input the lines they are considering and the amount they are willing to bet. From there, it displays the line in American, decimal, and fractional odds, while showing the implied probability and potential winnings, too.

This is invaluable to new bettors looking to educate themselves on otherwise confusing lines and how realistic their bets are. The implied probability included in the Bet Basics sports betting calculator allows bettors to evaluate their bets before they make them.

Parlays, defined as two or more bets combined for a more lucrative reward if each bet hits, are a fun alternative to typical straight bets. For example, betting on the Orlando Magic to win (+130), Franz Wagmer to score more than 18.5 points (-120), and Markelle Fultz to surpass 6.5 assists (+104) should net +760 odds, but a sportsbook may list it at +574, winning $186 less on a $100 bet. We can use a parlay odds calculator to find this difference. Instead, it may be more worthwhile to mitigate risk and bet each individually, which would win $317.33 if all $100 bets were successful.

Previewing multiple lines, or Legs, with a parlay odds calculator is another exciting feature that allows beginner and veteran bettors alike to gauge if a parlay is worth it, rather than placing wagers individually. 

 

What do odds of +200 mean?

Odds of +200 mean a $100 bet would net $200 in profit if it were to hit. The wager here is thought of as unlikely to be successful, as it only has an implied probability of 33.33%. This can be observed if a team is a fairly heavy underdog or a player is struggling and unlikely to reach a specific prop, such as 10+ rebounds.
How do I calculate odds? The fastest and easiest way to calculate odds and translate them from one form to another is through a sports betting calculator. This would show you the odds in its different forms, as well as the implied probability it carries and how much the bet can win. One can also find parlay odds by inserting each leg into the parlay section of the calculator. What does +1200 betting odds mean? A bet that has +1200 odds has implied odds of 7.69%. You would win $1200 if you placed a $100 bet on that line and it was successful. By inputting +1200 into the American odds section of a gambling odds calculator, you would find those details along with the fractional and decimal odds.

What are 25 to 1 odds?

When someone says 25 to 1 (25-1 or 25/1) odds, they are referring to a bet in which your selection has an implied win probability of 3.85%. This would be displayed as +2500 in American odds and would win $2500 on a $100 bet. You can place different bet amounts and see how the payouts will look like by using our odds calculator.

How to calculate fractional odds?

You can use a betting odds calculator to convert fractional odds to American or decimal odds, or you can take the long way by hand. To convert fractional odds to positive American odds, you just take the value of the fraction (say 3/2 = 1.5) and multiply by 100 (+150). For negative odds, divide -100 by the fractional odds value ((-100/(1/3)) = -300).

How to calculate Implied Probability for your odds?

The easiest way to find the implied probability of a bet is to use our implied probability calculator. However, you can also do the math yourself.

Assuming one is using American odds, they can use two formulas to calculate implied probability. If we use X to display the line, like -110 (the most common line for spreads and player props), the formula is as follows: (-X/(-X+100))*100. For positive odds like +300, the formula is: (100/(X+100))*100.

How do I calculate a parlay payout?

You can calculate a parlay payout with a parlay odds calculator, the second tab on our sports betting calculator. Simply input the odds for each leg of the parlay and the amount you wish to bet, and you will see what your potential payout should look like.

How much do you win at certain odds?

The easiest way to break down how much you win with a particular line is by examining a moneyline, or the odds that a specific team wins a game. Say the Bucks are heavy favorites over the Nets. The Bucks moneyline may be -200, which means you would need to place $200 down to win $100. The Nets could be at +200, which means a $100 wager would win $200. Naturally, betting on heavy favorites is safer, but provides fewer winnings and takes longer to make up for if they were to lose. How do you bet American odds? Positive American odds, like +500, are used on events that are deemed less likely to occur. That number stands for the amount of money one would win with a successful $100 bet. On the other hand, the favorite (or more likely) option is represented as a negative number. With negative American odds, such as -250, one would have to place a $250 bet in order to win $100.

SPORTS ODDS CALCULATOR FAQS

An odds calculator helps bettors visualize their potential payouts on given odds.

The calculator helps you manage your risk by showing the implied odds for each of your single or parlay bets. Using the calculator is very simple - decide the amount of money you wish to bet on, add the odds you were given and the calculator will show you the implied odds, expected payout and net win.

If you are after Parlays, our parlay odds calculator has an option to name each bet (Leg). You can even add 10 legs to your parlay, name them all and you will see the potential returns.

Let's start by explaining what a Parlay, or multi-bet is - a Parlay is a combination of 2 or more bets. You can add multiple bets (or Legs) to your bet slip and form a 2/5/8/10 leg parlay. The more legs you add, the lower your chances of winning are, but the higher the payouts are. Record parlay wins feature $1-$10 8-10 leg parlays. Our parlay calculator helps you build your potential parlay, name each bet and see how your implied win probability, payout and potential win will look like.

You can play with the parlay bet amount and parlay odds, which in turn will affect the payouts and net win amounts.

HOW TO USE THE SPORTS BETTING CALCULATOR

LINKS TO MORE ODDS CALCULATORS

Parlay Calculator
Single Bet Calculator
Implied Odds Calculator

What is the difference between payout and win?

In our betting calculator, you’ll find two highlighted sections: “To win” simply signifies how much net profit would be made from a successful bet.
The "Payout" includes the money you’d get back in your bankroll, which is the winnings + the initial amount you bet.

Can I use the same odds calculator for every sports bet?

Yes, our odds calculator is universal for every sport. Simply enter your bet amount and the odds of each selection to find the implied odds and the potential payout for your wager, whether it be on the NFL, NBA, NHL, MLB or any other sport.

What is Implied win probability?

Implied win probability is the chance the sportsbook is giving a certain event of happening, given the line they provide. As example, our implied odds calculator shows that a +100 bet has an implied probability of 50%, while -110 odds resemble a 52.38% chance. A line of +200 has an implied probability of 33.33%.

How can I use odds to calculate my payout?

By using the Bet Basics betting calculator, you can input the odds of a single bet, or combine multiple in the parlay calculator section. By doing so, and inputting the amount you wish to bet, you will find the total payout, how much profit it would provide, and the implied probability of said bet winning.

What are moneyline odds?

Moneyline odds are simply the odds that a given team will win a particular game. The favorite is listed with negative American odds, like -140. The underdog is less likely to win, and thus will have a line like +140. In this case, our implied probability calculator shows the former has a 58.33% chance of winning, while the latter resides at 41.67%.

SPORTS ODDS CALCULATOR FAQS

An odds calculator helps bettors visualize their potential payouts on given odds.

The calculator helps you manage your risk by showing the implied odds for each of your single or parlay bets. Using the calculator is very simple - decide the amount of money you wish to bet on, add the odds you were given and the calculator will show you the implied odds, expected payout and net win.

If you are after Parlays, our parlay odds calculator has an option to name each bet (Leg). You can even add 10 legs to your parlay, name them all and you will see the potential returns.

Let's start by explaining what a Parlay, or multi-bet is - a Parlay is a combination of 2 or more bets. You can add multiple bets (or Legs) to your bet slip and form a 2/5/8/10 leg parlay. The more legs you add, the lower your chances of winning are, but the higher the payouts are. Record parlay wins feature $1-$10 8-10 leg parlays. Our parlay calculator helps you build your potential parlay, name each bet and see how your implied win probability, payout and potential win will look like.

You can play with the parlay bet amount and parlay odds, which in turn will affect the payouts and net win amounts.

LINKS TO MORE ODDS CALCULATORS

Parlay Calculator
Single Bet Calculator
Implied Odds Calculator

author_image

Anthony Licciardi

Sports Journalist

Anthony Licciardi is a long-suffering fan of the New York Mets, Jets, and Knicks. He aims to build a smarter generation of sports fans and writes to distract himself from the daily happenings of his favorite teams. In his spare time, he’s knee deep in Google Sheets looking for some statistical edge on coming betting action. With former bylines at Pro Football Network, Cowboys Wire, and Around The Block Network, Anthony has experience writing, editing, scouting, and podcasting. He hopes to bring his analysis to the betting sphere to help you win some money. You can find him on Twitter and on Bet Basics analyzing players and games across NFL, NBA and MLB leagues.

Interests
NFL NBA MLB New York Knicks New York Mets New York Jets