Sports betting odds calculator is a great tool for handicappers. 50, and the odds of +200 would be converted to 3. There are three primary ways you will find odds displayed around the industry:: Decimal Odds (e. 8. Based on the Kelly criterion, it is recommended that you bet approximately 1. Arbitrage exists because bookmakers set their odds independently; in other words. Input the wager amount (e. If you choose an underdog, simply enter the moneyline odds; no plus sign (+) is necessary (e. Now, we understand the fair odds at -110 and can look for an edge if one side has at least a 50% chance of winning. 32, 1. Read More Sports Betting Q&As First, convert those odds to decimal, which is 1. g. 91 x 1. 00. Select your betting market and note down the odds for each selection. 688, you'll receive $1,003. For Decimal odds greater than or equal to 100, preface the odds with either a ‘0’ or a ‘d’. $10 x 2. 29; Second, multiply the decimal odds to get your multiplier: 1. Step 3. If the odds were -750, the bettor would have to wager $750 in order to profit $100 (and therefore receive back $850 in total). To calculate the profit, subtract the stake from the potential payout. Additionally, our Parlay vs. (+400/100) + 1 = 5. Just add in the moneyline odds into the bet line, you can add up to 15 selections in total. 91 which returns $1. Let’s assume you bet $10 on each parlay: Calculates theoretical hold including sports betting exchange commissions based on an Excel range of US or decimal odds. Parlay odds don’t change when using a round robin. And, using the betting odds converter, you can convert the decimal multiplier back to American odds for the new parlay odds (+139). 64. Example: If you were to bet $100 on the same 3-team parlay from above: Potential payout = $100 * 7. The odds multiply with each leg making the parlay bet a potentially lucrative product. 909 X 1. Your pal Norman wants to bet $10 on the Bills moneyline (-200 in American odds). If the odds were -750, the bettor would have to wager $750 in order to profit $100 (and therefore receive back $850 in total). 16 % of your bankroll. To read decimal odds and calculate your potential winnings, all you need to do is multiply the decimal number by your stake. As the name suggests, they're presented in a decimal format: 1. You would see the following information as a result. You can enter your own stake and the odds for a single bet or a range of multiple bets. 63 x 1. 70. Now that we have successfully converted our parlay betting odds from American to decimal formats we can finally calculate the odds for our parlay; Los Angeles Rams to beat the Carolina Panthers | 3. For each-way bets select the tick box on the right of the page if your selection has. 2 times, 1. For example, a decimal odds of 2. g. The implied probability calculator helps bettors compare the implied probability of a betting market against the actual “fair” probability of that market. 1. 98, that means you’ll get back $1. Whichever variation you enter into the odds calculator, it converts it to all other formats. How to Read Decimal Odds: The standard American odds point spread price is -110 where risking $110 wins $100. It's that easy! Odds current as of November 22, 2023. 9/4. Hedging Calculator. How to Use Our Betting Odds Calculator. Subtract your original stake to get the parlay odds. The formula is different when the American odds are negative:Parlay Size: Number of games included in parlays and whether that number constitutes a maximum (‘At Most’) or an exact figure. Click on Add Bet to add the other wagers on your ticket See full list on vegasinsider. Simply multiply the odds of each selection, and multiply that with your wager. Quick tip: To divide by 100, simply move the decimal place in the odds two places to the left. Understanding Parlay Odds. The easiest way to calculate a parlay payout is to first convert moneyline odds to decimal odds. 33 x 2. Enter your wager and press “calculate”, or the appropriate action button. The American odds calculator above allows you to see various outputs such as decimal odds, implied win probability, amount returned on a bet (or “payout”), and bet profit. That $26 represents the $16 you'd profit from a Dolphins win, plus your original $10 back. So, if you're placing a bet on an event with decimal odds of 2. How to Calculate Parlay Bet Odds A parlay bet is a single wager that requires two or more outcomes to all win. Simply select the 4-Way Hedge and enter the odds for the other 3 teams. One of the things that you will be able to find on our betting odds calculator is the Implied Probability. For example, decimals odds of 200. The Bet Calculator is provided for illustration purposes only. Updated on 11/22/2023. Work out your sports bet returns for: Accumalators, Lucky 15’s, Doubles and more. from American to Decimal, or any other way — the odds converter built into our betting calculator will do this for you in an instant. To calculate the parlay payout, we first need to convert each set of odds into decimal odds, multiply the result, and subtract a factor of 1. 36; Rams (-350): 1. For Decimal probabilities more than or even identical to 100, beginning the chances along with either a, parlay odds calculator, & quot0 & quot or even a & quotd & quot. Add Bet +. This will return $220 if you win, which includes your $100 stake. 5) American Odds (e. The main reason to parlay bets is because the payout can turn into much more money than a single bet. Reset. Odds Calculator – How does it work for the Decimal format? Decimal Odds are now the most common odds format in the world and is used by the majority of bookmakers in Australia. 16. You must add a positive sign to the result to get the correct moneyline odds. Calculate potential moneyline wins with our odds calculator to make sure the line is worth your money! NHL Puckline (Canadian Line) The puckline is a hybrid form of NHL betting that merges the moneyline and a point spread -- a -1. Using our odds value calculator, you can get the expected value of your bets by comparing your projections to the odds listed by sportsbooks. The formula to convert American Odds into Decimal Odds is as follows : Step 1: Determine if odds are positive or negative. The yellow fields above are input cells. Calculate the odds of any parlay and more importantly understand how those odds convert to a probability! Our parlay calculator shows you not only the payout for any kind of parlay but also the implied probability. 5. 5, 1. 33: Implied probability of 75% would return Decimal Odds of 1. 1/3). P – X = Your Guaranteed Payout. The no-vig calculator essentially backs out the “fair” odds by backing out the 3. Low margins. To calculate how much the parlay will payout, multiply the parlay odds by the amount you wager. The most comprehensive and reliable bet calculator. American Odds. Finally, subtract your original stake to get the parlay winnings. 00. Implied Probability Calculator: See the implied probability of a sports bet based on the odds. 20. 50 for every $1 you wager. 97 x 10 = 69. 20, Yankees 1. decimal odds of 2 = (1/2) * 100 = 50%. The odds in a parlay are multiplied by your stake to calculate the returns. Now we can calculate the total parlay payout by multiply the odds by our original stake: 5. 2 - 1) = -500 American odds. Use this odds calculator for all types of bet, including each way bets. It's free to sign up and bid on jobs. For every $1 wagered, the bettor profits 71. Implied Probability. Add 1 to each result. Per the calculator, this parlay would typically win $264. A simple example of this are odds for the Spread, which are commonly set at -110 for each team. 75, 1. 55 the total odds for the parlay would be 1. 0000 would be. Based on these odds you would expect a $50A parlay calculator is one of the best tools for sports betting, as it provides drop-down menus for sports and types of bets. 5, then we parlay odds of 12. 2. 66, and 2. Implied win probability = 76. The +150 odds would be converted to 2. To calculate the no vig odds, you first must convert the odds to implied win probability. See what your total payout and winnings will be. g. The app can also settle all Multiple Bets (e. If it’s greater than or equal to 2 you multiply the decimal odds minus one by 100. But it’s a rather simple equation based upon $100 wager. 1. 41. 1% (vs 64. Parlay Calculator: Calculate the payout of a parlay based on the odds of each individual leg. Multiply all the decimal odds together, and then multiply by your stake. Decimal Odds show you the return that you will receive on your stake. MLB Parlay Calculator: See projected odds and payouts of your MLB parlays including. For instance, if you have a parlay bet with three teams with 3/4, 2/1, and 4/5 fractional odds, the conversion to decimal odds would be: 0. 2, 1. The parlay calculator allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet. 909 and 1. For example: 1. 03 profit. Our calculator supports all major formats: American Odds (-400) Decimal Odds (1. When typing in odds with a minus (-) sign you must include the sign (e. A parlay calculator is fairly straightforward. The calculator will then display the odds in each of the three formats, as well as telling you your potential payout should the bet win. As you can see this is the same probability as with. 25 + 3. You would then calculate the decimal odds for each remaining leg of the parlay and. The calculator can be used for any odds format and allows for Rule 4 deductions, dead heats. You can convert your odds between American, decimal and fractional quickly. Take away one from the decimal value and multiply it by 100. Bet Calculator. 71. 120). 20, fractional odds of 2/6. Using a free bet calculator enables you to see how your selections, and the odds for them, impact your returns and profit. 0. 0 Indianapolis Colts to beat the Los Angeles Chargers | 3. If you have odds of 9. Our betting odds calculator allows you to see what 1. So, for example, if you were to bet $100 on this parlay, your potential payout will be $381. All is possible with our parlay betting calculator. Free Bet stakes are not included in any returns. With our 3 & 4-Way feature you can figure out hedges for any betting line. Decimal odds are easy to calculate. 7. The “fair” win probability for the above example is that Ohio State should win the game 62. Click. 75, 9 and 1. 36; Rams (-350): 1. Odds Converter: Convert between the three odds formats including American, Decimal, and Fractional. Betting odds calculator allows you to insert your odds and automatically convert them to American, Decimal, and Fractional odds. Vig Free Decimal Odds: Hedge Calculator; Pending Bet: Hedge Bet: Amount Bet: US Odds: Calculate: To Win: Net Result: Ending Bankroll:. Rounded up to two decimals on a parlay calculator, that gives a potential payout of $121. Implied Probability Calculator: See the implied probability of a sports bet based on the odds. Choose Single Bet or Parlay (when making 2+ bets) Select American/Decimal or Fractional odds. 91)When odds are expressed with a plus (+) or minus (–) symbol followed by a number. 625. Player A has decimal odds of 4. 5-1) = -200. Work out potential winnings for any type of bet or check winning bets have been settled correctly with our bet calculator. 50. 7% chance to win this game. 38%. The formula to calculate this probability is relatively straightforward. The potential payout is higher than for a single bet, but the risk is also greater. Positive figures: The odds state the winnings on a £100 bet e. Here’s how to use our free parlay calculator: Select the odds format (American, decimal, or fractional odds) Input your individual bet odds. First, use our odds converter tool to convert the odds on your lines into decimal. 00. 75 x 2. Parlay Hedging No-Vig Expected Value. *Note: Most standard point spreads and totals have -110 odds. Notice how the American odds return a slightly bigger return. Rumus Mix Parlay = (Hasil Perkalian Odds x Jumlah Betting) - Jumlah Betting. 20 plus the original $1 stake. This percentage factors in the bookmaker. If you were to have a three-team parlay with the prices 1. The point spread calculator will determine the implied moneyline odds for the game using historical data. Third,. 5 x 10 = $55. 3. 50) Fractional to Decimal: Fractional = decimal – 1 (expressed as a fraction. These odds represent the amount for every $1 wagered. UK Round Robin Bet Calculator - The UK version of the Round Robin Calculator. DECIMAL. An odds of -150 means that you need to bet $150 to have a chance of winning $100. The Sportsbook Scout Sports Betting Odds Comparison Spreadsheet looks and feels like your traditional odds screen in many ways. 5. In order to calculate the parlay payouts, you start by multiplying all of the decimal odds together. Using the example above, Chiefs -6. Fight ends in round 1 or 2. 5 (or +450). FanDuel. Parlay Leg 2. Use the Parlay calculator when you're after multiple bets. The calculator. 91. 5 was +100 American odds, and Yankees moneyline was also. To convert fractional odds to positive American odds, you just take the value of the fraction (say 3/2 = 1. Learn more about the vig. Expected Value Definition Expected value is the amount of money you can expect to win or lose if you placed the same bet on the same event at the same probability an infinite number of times. 5. 25) Fractional Odds (1/4) Implied Probability (80%) Most betting sites offer each odds option. 91 = 6. 120). Add Bet Amount. Multiply all decimal odds together to find the parlay odds. 62%. Convert the odds for each game of the parlay into decimal format like above. 91 if the bet hits, and in the example above, we. The Tigers (+110) are 2. Amount wagered. 2. The answer: $195. 1) Convert the American odds from each leg of your parlay into decimal odds. Asian Handicap Calculator. It includes the amount of profit earned and your stake. NBA Odds Calculator: See the projected payouts of your NBA bets. 97%). 1 x 100 = 14. If the odds are positive. 9 = 6. Our Stats tracker showcases in-depth legal status of each state with great sports trivia material - for example - we show you all active pro athletes who were born in each state, all. 97; In American odds, 6. We used decimal odds as a base for calculating other odds. Let's say you were playing a three-bet parlay involving three teams with odds of -150, +220 and -110. Press add bet to add more lines up to 15 bets. Parlay Leg 3. The original $100 bet is returned to the bettor, as is the $265 risk of the bet. For Decimal odds that are higher than 100 include the decimal point or it will be interpreted as American odds. Silveira wins in round 3 or 4. The VSiN free parlay calculator. You stand to make $5000 if the Vegas Golden Knights win, and you can use the hedge calculator find out that if you place $2083. 5 = 5. 0 x 0. 0, the implied probability is: 1/. The parlay calculator is quick and simple to use. 5 in decimal format. We do not support illegal. The Oilers have odds of 2. Using a free bet calculator enables you to see how your selections, and the odds for them, impact your returns and profit. For a + sign, divide the odds by 100. A winning $10 bet at 1/2 fractional odds would return $15. Convert the odds for each game of the parlay into decimal format like above. Reset. g. -110). 5, then we parlay odds of 12. Our free accumulator calculator can. After deciding on your selections, teams, and market, just input the odds in Decimal (3. For example, a $10 fivefold accumulator where the odds of each leg are: $5, $2, $4, $2 and $3 will cost $10 and return a winning dividend of 10 x (5 x 2 x 4 x 2 x 3) = $2, 400. 909. 1: (2. 2. For example: if I were to place a $20 wager on 3 football teams, at -110 money line odds, my parlay payout would be $119. This bet might come into play with a total or two closely matched clubs. This calculator approximately converts between spreads and moneylines for both pro and college football and basketball. 8 = 1. How to Use Our Betting Odds Calculator. To convert from American odds to. A parlay is a bet that combines multiple selections into a single wager that has a payout only when all parts win. 909 and then multiply it by the previous odds of 2. Our parlay odds calculator can show you your expected payout from a parlay bet based on the amount wagered and the odds of each leg in any format (American, Fractional, or Decimal). Choose either US odds or decimal odds for the Kelly Criterion. Should a single wager lose, the payout is zero. 67) Odds of Team C winning: -120 (1. 50 means that you would enjoy a return of $2. For Decimal odds greater than or equal to 100, preface the odds with either a ‘0’ or a ‘d’. If you wanted to place a $10 bet on the San Francisco 49ers at -330, you could enter -330 in the odds calculator above. The formula used to calculate decimal odds is: Decimal Odds = (Stake x Odds) + Stake For example, if you place a bet of $10 on a horse with decimal odds of 2. Our betting odds calculator is flexible and customizable. 120). You might see an online bookmaker offering decimal odds of 1. Parlay Edge % Odds Converter. To calculate the parlay odds from moneyline: Convert American odds to decimal for each bet. Here is what you would plug in where: Spread value = 4. Each of the two legs in this parlay are standard -110 juice. So let’s put this into a sports context if you’re parlaying the Jets, Chiefs and Ravens at -110 (1. your stake. High limits. If your decimal odds are a round number, such as 7. Betting Calculator Parlay Calculator. This allows the sportsbook to take an expected profit on each event, which is known as vigorish, or vig. Each of the two legs in this parlay are standard -110 juice. Odds Converter: Convert between the three odds formats including American, Decimal, and Fractional. Here a money line parlay calculator would first convert the American odds format to a decimal odds format. The parlay calculator allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet. As an example, if you wager $100 on 2. Multiply the decimal odds together to get your multiplier. NFL Odds Calculator: See the. g. 9%. For a parlay bet to win, all outcomes (or legs) within the parlay must be selected correctly. Decimal - 1 divided by the decimal odds, multiplied by 100 to give a percentage e. The formula we have applied here only applies when your decimal odds are above 2. The OddsJam odds converter makes it easy to switch between decimal odds, American odds, and fractional odds. 41%, which is less than 100% and therefore a surebet. 74 decimal odds. 96: Parlay American Odds +296: To place your wager, select the two boxes for those bets. ),. Right here is what that resembles:. If you pick a favorite, you must enter the moneyline with a minus (-). Parlay Decimal Odds: 3. US2Dec(range of USOdds) (usage 2): Converts an array or Excel range of US-style odds to decimal parlay odds. So, if you bet $50, you would receive a total of $150, including the original stake. Based on the Kelly criterion, it is recommended that you bet approximately 1. 967 Then, you take this number and multiply it by your wager which will give you the total amount of money the sportsbook will give back to you. Consider the following scenario: you are parlaying three-point spreads, each of which pays -110. A Parlay (Accumulator) can be the route to a big payout for a. You can use a parlay calculator to make conversions in decimal and American odds. American Odds (-110) Decimal Odds (1. Before you can use our odds calculator, it’s helpful to know how Asian handicap looks like. To determine the payout, multiply the result by the wager. Individually, a successful a $100 bet at -150 would win you $66. Betting Calculator - Enter your odds and stake to calculate bet returns for all types of sports wagers. american odds of 110 would win £110 on a £100 bet. Our 2-Team Parlay/Double Bet Calculator is an invaluable tool for sports bettors wishing to determine the potential payout of a 2-pick parlay. American Odds. Check out our free-to-use parlay calculator so you can calculate your parlay odds with ease. For example, a decimal value of 4 works like this = (4 - 1) x 100 = 300. 59 decimal odds). Use our odds calculator if you're still unsure of your American, Decimal, Fractional or implied odds. Use the Goliath return calculator to work out your winnings online for all sports. Here’s an example, using odds of 5. 1 x 1. Let’s look at two other common formats: decimal odds and fractional odds. Use this parlay payout calculator to know how much you would earn if your parlay ticket wins. $10 bet = $3. A parlay is a bet on two or more point spreads, over/unders or moneylines to increase the possible payout. 66 x 1. 20 and 1. William Hill can calculate the payouts for different types of bets. The following tables show various calculation translations to and different odds types. Malaysian odds are expressed in decimals, either positive or negative. How to Use the Sports Betting Odds Calculator and Converter. First bet must be on Sports. 0 x 3. Decimal odds will be converted to the nearest standard American or Fractional equivalent. The easiest way to calculate a parlay payout is to first convert moneyline odds to decimal odds. The formulas to convert American odds to implied probabilities will be slightly different if you're converting a negative moneyline (favorite) or positive moneyline (underdog). 10 and place a stake of $100, the returns will equal all the odds added together multiplied by the. 4545 or 45. 25 + 3. 5. For example, a decimal odds of 2. g. • Example: Using decimal odds for a 2-selection parlay with odds of 1. To change your odds format, simply click the drop down menu next to “Odds Type” and select either American or Decimal. If both underdogs are priced at 3. What is the vig in sports betting?You can enter your odds in American (Moneyline) Odds, Decimal Odds or Probability and our parlay calculator will convert all the odds for you! How Parlay Odds Are Calculated: To calculate the odds of a parlay, you multiply the % chance of each leg of the parlay happening, then convert that overall % chance of happening back into your chosen. 9/4) Decimal Odds. Recall the odds and calculated winnings: To calculate the parlay odds, we must first get the decimal multiplier for each individual wager.