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How to use Decimal Odds Calculator?

  1. Step 1. Choose Single Bet or Parlay (when making 2+ bets)
  2. Step 2. Add the Bet Amount for your coming bet
  3. Step 3. Add the decimal odds you were given
  4. Step 4. Check what the Implied Odds % are for the odds you placed
Now that you know your potential decimal odds payout - compare top Sportsbook odds before placing your bets!

HOW TO USE THE SPORTS BETTING CALCULATOR

Decimal Odds Are Simpler Than You May Think

By Anthony Licciardi

Decimal Odds: Widely Embraced and Easy to Understand

Decimal odds, also known as European odds, are widely used by sportsbooks and bettors across the globe.

Unlike other formats, decimal odds represent the potential payout of a winning bet, including the original stake.

The beauty of decimal odds lies in their simplicity—bettors can quickly grasp the potential returns without the need for intricate calculations.

 

Decimal Odds vs. American Odds

To understand the difference between decimal odds and American odds, let's compare them side by side using real examples:

 

Example 1: NFL Game

 

Decimal Odds:

Team A: 2.50

Team B: 1.80

 

American Odds:

Team A: +150

Team B: -125

 

In decimal odds, Team A has odds of 2.50, which means that a $100 wager would potentially yield $250 in total (including the stake).

For Team B, the odds of 1.80 indicate that a $100 bet could result in a total payout of $180.

 

In American odds, Team A is listed as +150, implying that a $100 bet would yield a profit of $150. Team B is listed as -125, indicating that you would need to bet $125 to potentially win $100.

 

Comparing Odds: Your Key to Maximizing Betting Returns

One of the essential strategies in sports betting is comparing the odds offered by different sportsbooks. Each sportsbook may have slight variations in their odds, presenting an opportunity for bettors to find the best value and maximize their potential returns.

 

Let's illustrate the importance of comparing odds with an example:

 

Example: Tennis Match

 

Sportsbook A:

Player A: 1.80

Player B: 2.10

 

Sportsbook B:

Player A: 1.70

Player B: 2.20

 

In this scenario, if you want to bet on Player A to win, Sportsbook A offers decimal odds of 1.80, while Sportsbook B offers odds of 1.70.

By choosing Sportsbook A, you would receive a higher potential payout for the same outcome.

Over time, consistently selecting the sportsbook with better odds can significantly impact your overall betting returns.

SPORTS ODDS CALCULATOR FAQS

Decimal odds, AKA European odds, are a popular odds format used in sports betting.

They represent the potential payout of a winning bet, including the original stake.

Decimal odds are displayed as a numerical value greater than 1.

The number indicates the total amount you will receive back (including your original stake) for every unit bet.

For example, decimal odds of 2.50 imply that a $1 bet would result in a total payout of $2.50 ($1 winnings + $1 original stake).

 

Example: MLB Moneyline Bet

Suppose you want to bet on a Major League Baseball (MLB) game between the New York Yankees and the Boston Red Sox. The sportsbook provides the following decimal odds:

 

Yankees: 1.70

Red Sox: 2.20

If you wager $100 on the Yankees at odds of 1.70, a winning bet would yield a total payout of $170 ($70 winnings + $100 original stake).

Similarly, a $100 bet on the Red Sox at odds of 2.20 would result in a potential payout of $220 ($120 winnings + $100 original stake).

Decimal odds are widely embraced by sportsbooks and bettors in Europe, Australia, Canada, and other parts of the world.

They provide a clear representation of potential returns and are particularly popular for their simplicity.

Example: NFL Point Spread Bet

Let's consider an NFL game between the Green Bay Packers and the Chicago Bears. The sportsbook presents the following decimal odds for the point spread:

 

Packers (-6.5): 1.90

Bears (+6.5): 1.90

If you place a $100 bet on the Packers at odds of 1.90 and they win by more than 6.5 points, your potential payout would be $190 ($90 winnings + $100 original stake). Similarly, if you wager $100 on the Bears at odds of 1.90 and they either win the game outright or lose by less than 6.5 points, your potential payout would also be $190 ($90 winnings + $100 original stake).

To calculate potential winnings with decimal odds, multiply the odds by the stake amount. The result will be the potential total payout, including the stake.

 

Example: NBA Moneyline Bet

Suppose you want to bet on an NBA game between the Los Angeles Lakers and the Brooklyn Nets. The decimal odds offered by a sportsbook are as follows:

 

Lakers: 1.85

Nets: 2.10

If you place a $100 bet on the Lakers at odds of 1.85, the potential payout would be $185 (including the initial stake). Similarly, a $100 bet on the Nets at odds of 2.10 would result in a potential payout of $210.

Comparing odds from different sportsbooks allows you to find the best value for your bets.

By selecting the sportsbook with higher given odds, you can maximize your potential returns. Our betting calculator helps you understand the differences in given odds, implied odds and potential payouts for each bet.

Example: NFL Point Spread Bet

Let's say you want to bet on an NFL game between the Kansas City Chiefs and the Tampa Bay Buccaneers. The decimal odds for the point spread offered by two different sportsbooks are as follows:

 

Sportsbook A:

 

Chiefs (-3.5): 1.90

Buccaneers (+3.5): 1.90

Sportsbook B:

 

Chiefs (-3.5): 1.85

Buccaneers (+3.5): 2.00

If you bet $100 on the Chiefs at Sportsbook A and they cover the spread, your potential payout would be $190.

However, if you had placed the same bet at Sportsbook B, the potential payout would be $185.

By comparing odds, you can identify the sportsbook offering the better value and potentially increase your winnings.

Comparing odds from different sportsbooks allows you to find the best value for your bets. By selecting the sportsbook with higher odds, you can maximize your potential returns.

Example: NFL Point Spread Bet

Let's say you want to bet on an NFL game between the Kansas City Chiefs and the Tampa Bay Buccaneers. The decimal odds for the point spread offered by two different sportsbooks are as follows:

 

Sportsbook A:

 

Chiefs (-3.5): 1.90

Buccaneers (+3.5): 1.90

Sportsbook B:

 

Chiefs (-3.5): 1.85

Buccaneers (+3.5): 2.00

If you bet $100 on the Chiefs at Sportsbook A and they cover the spread, your potential payout would be $190. However, if you had placed the same bet at Sportsbook B, the potential payout would be $185. By comparing odds, you can identify the sportsbook offering the better value and potentially increase your winnings.

While it's tempting to always opt for the sportsbook with the highest odds, it's important to consider other factors like reliability, reputation, and betting limits.

Finding a balance between odds and other aspects is crucial.

At BetBasics, we only showcase odds from sportsbooks which are reliable, licensed and regulated.

Converting decimal odds to other formats is straightforward.

For American odds, subtract 1 from the decimal odds and multiply by 100 (if the odds are greater than 2, they will be positive; if less than 2, they will be negative).

For fractional odds, subtract 1 from the decimal odds and use it as the numerator, with 1 as the denominator.

Yes, a decimal odds calculator can assist in calculating potential payouts and implied odds for complex bets like parlays.

Simply enter the odds for each selection, and the calculator will display the potential payout and implied odds.

We also showcase the top sportsbook odds for NBA, MLB and NFL games and props. If you noticed a specific sportsbook offers better odds, join the sportsbook and make the bet there.

HOW TO USE THE SPORTS BETTING CALCULATOR

LINKS TO MORE ODDS CALCULATORS

 

SPORTS ODDS CALCULATOR FAQS

Decimal odds, AKA European odds, are a popular odds format used in sports betting.

They represent the potential payout of a winning bet, including the original stake.

Decimal odds are displayed as a numerical value greater than 1.

The number indicates the total amount you will receive back (including your original stake) for every unit bet.

For example, decimal odds of 2.50 imply that a $1 bet would result in a total payout of $2.50 ($1 winnings + $1 original stake).

 

Example: MLB Moneyline Bet

Suppose you want to bet on a Major League Baseball (MLB) game between the New York Yankees and the Boston Red Sox. The sportsbook provides the following decimal odds:

 

Yankees: 1.70

Red Sox: 2.20

If you wager $100 on the Yankees at odds of 1.70, a winning bet would yield a total payout of $170 ($70 winnings + $100 original stake).

Similarly, a $100 bet on the Red Sox at odds of 2.20 would result in a potential payout of $220 ($120 winnings + $100 original stake).

Decimal odds are widely embraced by sportsbooks and bettors in Europe, Australia, Canada, and other parts of the world.

They provide a clear representation of potential returns and are particularly popular for their simplicity.

Example: NFL Point Spread Bet

Let's consider an NFL game between the Green Bay Packers and the Chicago Bears. The sportsbook presents the following decimal odds for the point spread:

 

Packers (-6.5): 1.90

Bears (+6.5): 1.90

If you place a $100 bet on the Packers at odds of 1.90 and they win by more than 6.5 points, your potential payout would be $190 ($90 winnings + $100 original stake). Similarly, if you wager $100 on the Bears at odds of 1.90 and they either win the game outright or lose by less than 6.5 points, your potential payout would also be $190 ($90 winnings + $100 original stake).

To calculate potential winnings with decimal odds, multiply the odds by the stake amount. The result will be the potential total payout, including the stake.

 

Example: NBA Moneyline Bet

Suppose you want to bet on an NBA game between the Los Angeles Lakers and the Brooklyn Nets. The decimal odds offered by a sportsbook are as follows:

 

Lakers: 1.85

Nets: 2.10

If you place a $100 bet on the Lakers at odds of 1.85, the potential payout would be $185 (including the initial stake). Similarly, a $100 bet on the Nets at odds of 2.10 would result in a potential payout of $210.

Comparing odds from different sportsbooks allows you to find the best value for your bets.

By selecting the sportsbook with higher given odds, you can maximize your potential returns. Our betting calculator helps you understand the differences in given odds, implied odds and potential payouts for each bet.

Example: NFL Point Spread Bet

Let's say you want to bet on an NFL game between the Kansas City Chiefs and the Tampa Bay Buccaneers. The decimal odds for the point spread offered by two different sportsbooks are as follows:

 

Sportsbook A:

 

Chiefs (-3.5): 1.90

Buccaneers (+3.5): 1.90

Sportsbook B:

 

Chiefs (-3.5): 1.85

Buccaneers (+3.5): 2.00

If you bet $100 on the Chiefs at Sportsbook A and they cover the spread, your potential payout would be $190.

However, if you had placed the same bet at Sportsbook B, the potential payout would be $185.

By comparing odds, you can identify the sportsbook offering the better value and potentially increase your winnings.

Comparing odds from different sportsbooks allows you to find the best value for your bets. By selecting the sportsbook with higher odds, you can maximize your potential returns.

Example: NFL Point Spread Bet

Let's say you want to bet on an NFL game between the Kansas City Chiefs and the Tampa Bay Buccaneers. The decimal odds for the point spread offered by two different sportsbooks are as follows:

 

Sportsbook A:

 

Chiefs (-3.5): 1.90

Buccaneers (+3.5): 1.90

Sportsbook B:

 

Chiefs (-3.5): 1.85

Buccaneers (+3.5): 2.00

If you bet $100 on the Chiefs at Sportsbook A and they cover the spread, your potential payout would be $190. However, if you had placed the same bet at Sportsbook B, the potential payout would be $185. By comparing odds, you can identify the sportsbook offering the better value and potentially increase your winnings.

While it's tempting to always opt for the sportsbook with the highest odds, it's important to consider other factors like reliability, reputation, and betting limits.

Finding a balance between odds and other aspects is crucial.

At BetBasics, we only showcase odds from sportsbooks which are reliable, licensed and regulated.

Converting decimal odds to other formats is straightforward.

For American odds, subtract 1 from the decimal odds and multiply by 100 (if the odds are greater than 2, they will be positive; if less than 2, they will be negative).

For fractional odds, subtract 1 from the decimal odds and use it as the numerator, with 1 as the denominator.

Yes, a decimal odds calculator can assist in calculating potential payouts and implied odds for complex bets like parlays.

Simply enter the odds for each selection, and the calculator will display the potential payout and implied odds.

We also showcase the top sportsbook odds for NBA, MLB and NFL games and props. If you noticed a specific sportsbook offers better odds, join the sportsbook and make the bet there.

LINKS TO MORE ODDS CALCULATORS

 

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