What is a
betting odds calculator?
Our bet payout calculator pretty much does exactly what it says on the tin. However, it can get confused with other calculators, so we’re going to clear that up here.
An odds calculator, at a basic level, tells you how much money you receive should your bet win. It’s commonly confused with an odds converter. These sound similar but are distinct. The latter converts between odds types such as American, decimal and fractional. All these betting calculators have distinct uses, but also compliment each other.
When just talking about a bet calculator alone, though – not in conjunction with any other odds converters – our betting odds calculator shows how much your bet is worth both in returns and overall profit. Using our calculator couldn’t be simpler: input your odds as a decimal or a fraction, tell us your stake, the kind of bet it is, and our calculator will do the rest.
Why you need a
betting odds calculator
If you’re a casual bettor who doesn’t worry themselves with the complicated mathematics and logic that goes into betting markets, you may be wondering whether it’s worth the bother of using our
sportsbetting odds calculator. We think the answer for the overwhelming majority of gamblers is yes – even if they only bet casually.
Practical reasons for using a calculator
Our calculator is built to be incredibly easy. Look, for instance, at how each-way bets work. All you need to do is click a button and everything is taken care of for you. You can even check up to 10 different bets at once.
All major types of bet are covered as well, including those which are more challenging for a bet payout calculator, from massive accumulators to doubles and trebles. You can even check up on monstrous bets like the Lucky 63. It all happens in a few clicks. Plus, if fractions and decimals don’t work for you, there’s also an odds converter you can check out.
Finally, the information you need is crystal clear: you get the outlay, returns and profit all spelled out so there can be absolutely no confusion as the type of value you’re getting from your odds when you use our sports betting odds calculator.
Strategic reasons for using a calculator
That brings us to our next point: the strategic advantage of using our bet calculator. Finding opportunities in betting is all about being able to recognise opportunity.
We aren’t talking about a gut feeling – although there’s nothing wrong with going with instinct – but rather when you think the bookmaker has made a mistake with their offer, leaving the odds and therefore the profitability of that market favouring you. The only way of analysing if that’s the case is to have those returns laid out for you from the likes of our calculator.
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Why you need to use an odds calculator
While we think the practical and strategic reasons for using our odds calculator would apply to pretty much all gamblers, it’s important to note that bets are also all individual. Thus, there are many others individual reasons to use a
sports betting odds calculator.
We’ve chosen some examples of when a bet calculator may be useful, so you can see if any apply to you.
- You’re currently without a bookmaker but want to see what kind of returns you can get before making a decision.
- You want to compare the returns from different bookmakers and see the profit without signing up to them all.
- You’re curious what different odds can get you across different stakes.
- You want to test the difference in returns between single and each-way bets.
- You’re looking to check the returns for complicated bets, such as long accumulators and special bets.
- You want to use a calculator that allows you to pick between fractional and decimal odds.
- You have several different bets you want to understand quickly.
- You want to improve your strategy by wrapping your head around returns, profit and outlet.
- You want to make sure the returns suggested by your operator match up to our calculator.
Top tips for using the calculator for the first time: How to calculate odds
As mentioned, our betting odds calculator is designed with ease of use in mind, so there’s no need to worry about getting lost in a sea of numbers. With that in mind, these are our top five tips for using this bet payout calculator for the first time.
To get to grips with our calculator in the first place, we would suggest starting with a single bet to get used to it even if you plan on examining more complicated bets laters.
Decide which type of odds work best for you
We have fractional and decimal to choose from. All you need to do is select the box next to your preferred option. American odds fans can also utilise our odds converter.
Once you’ve gotten the general idea of how our calculator works, you can customise it to your needs using the bar at the top. Here you can choose the stake, type of bet and even translate to an each -bet with a single click – perfect for horse racing wagers.
Understand the difference between outlet, return and profit
We’ve broken our odds calculator results into three for clarity. Outlay is the money you have put on, return is the amount you will get including your stake, and the profit is the money you have won.
If the results don’t make sense, there’s a good chance you forgot to reset, so remember to hit that button before starting a new calculation.
Other calculators we offer
We think our calculator is great on its own but can provide even more depth when used alongside different tools. They too, of course, can also be better at handling distinct strategic betting needs. With that in mind, here’s a breakdown of the other calculators we offer.
- Parlay calculator:
For more complicated bets, you can also use our parlay calculator to understand wagers with multiple selections.
- Odds value calculator:
Often confused with the sports betting odds calculator, this shows you the value of that bet by calculating how likely that bet would be in turning a profit if utilised 100 times or more. This is vital in finding betting opportunities.
- Betting
odds converter:
Convert whichever odds you’re looking at to whichever you are most comfortable with. This includes not just American, decimal and fractional, but also Indoniesian, Hong Kong and Malay odds.
- Hedging calculator:
Understanding how to hedge your bets to make a guaranteed profit is one of the most complicated equations in gambling. This calculator helps you work out where profitability is possible in a snap.
- Sports betting hold calculator:
The best way of finding out if you’re getting a fair deal is to understand the profit margin the bookmaker has when you calculate all markets together. This calculator helps with exactly that.
- Spread to moneyline converter:
For those betting on American markets, this calculator is vital in understanding how the spread should convert to a moneyline, so you can better spot the best markets.
Conclusion: A great way to wager with confidence
When people talk about sports betting strategy, they often discuss research as being vital to making smarter bets. We’d suggest getting to grips with the quality of the odds and returns offered is every bit as important a part of making sure you’re placing the most likely bets for success.
Knowing everything about a game doesn’t matter if you can’t tell which odds are worth your while and our betting odds calculator clears up that vital part of the equation in a matter of clicks. Whether you’re a casual bettor or someone who is a bit more experienced, we think our simple yet in-depth calculator can help improve your understanding of the odds you’re being offered.
Great betting bonuses
1.
Bet $5 Get $200 or $1000 First Bet Safety Net
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
Whatever the sport. Whatever the moment. It’s Never Ordinary at bet365. That’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $200 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
2.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Players from Virginia accepted
Min. Deposit: $10
3.
Bet $5 Get $200 in Bonus Bets + 3 Weeks of NFL Sunday Ticket
+ Boost or Bonus every day in the Summer
Players from Virginia accepted
Requirements (WR): 1x Deposit, Min. Deposit: $10
4.
First bet back as a bonus bet up to $1000
Players from Virginia accepted
Requirements (WR): 1x Deposit
5.
Second chance bet: Get up to $500 in Bonus Bets
Players from Virginia accepted
Requirements (WR): 1x Bonus, Min. Deposit: $10
Betting Odds Calculator FAQ
✅ Can a betting odds calculator help me make smarter bets?
Understanding as much as you can about sports betting, whether that be through getting to grips with the most recent results from your favourite tram or understanding odds, should, in theory, help you make more educated bets. To find out if and how our betting calculator can also provide you with extra insight, check out our calculator page where we’ll explain everything you need to know.
❓Aren’t there many different kinds of betting calculator?
The thing about the term betting calculator is it can actually mean several different things. Indeed, we have a few different betting calculators right here at Betting.net. Find out what we mean by betting odds calculators and check out our other options also included on this page.
👍How do I use a betting calculator?
While all of our tools are crafted with useability in mind, we’re well aware that new things can make people nervous. That’s why, alongside our betting calculator, we’ve provided detailed explanations so you can get the most out of it, whether you’re a casual bettor or looking to figure out some complicated betting process with multiple selections.
