bet payout calculator

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bet payout calculator

Here’s how the math works. Convert the American odds to decimal odds using our odds converter. Multiply the decimal odds together to get your multiplier. Multiply the multiplier by your bet amount. Subtract your original stake to get the parlay odds.Sportsbooks give you bigger and bigger payouts for adding more games to a parlay.A parlay is a wager type in which multiple bets are linked together to create a greater payout. But since it’s treated as one big bet, every game in a parlay must win for the bet to win. If even one game loses, the parlay loses.So you bet Packers -300 against the Lions, Patriots -200 vs. the Jets, and Eagles -150 at the Redskins.
Sportsbooks automatically calculate parlay payouts for you, or you can use our parlay calculator above.Our formula looks like this after converting to decimal odds:Let’s say you want to bet three heavy favorites on the moneyline because you’re confident each team will win, but not sure if they’ll cover the spread.
So if you're parlaying three teams at - 110 in American odds, your formula looks like this, since - 110 in decimal odds is 1.91. 1.91 x 1.91 x 1.91 = 6.97 6.97 - 1 = 5.97.Here’s a slightly more complicated example.The parlay calculator allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet.

Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult.So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back.For positive numbers (underdogs) :Betting a Favorite: The odds for favorites will have a minus (-) sign , and represent the money you need to risk to win $100 .The rest of the world uses Decimal Odds , in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered . And the number represents the total return , not just the profit like American and fractional odds.
For negative numbers (favorites), drop the minus sign, then doid you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.
American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet.The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back.The bet amount is how much you’re risking on a given bet. As a responsible bettor, it is important to understand proper bankroll management.



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