Calculator for Sports Odds
Use our odds calculator to easily convert American (a.k.a. moneyline), Decimal, and fractional odds. You can also view corresponding odds by their implied probability of winning (expected win %), as well as calculate payouts for sports bets based on the amount wagered ($100.00 is used by default).
How to Use the Odds Calculator
This Bet Calculator allows bettors to calculate the potential Payout for any single bet and has a simple ‘Add Odds’ function to calculate the Payout for a multiple bet. It might be one of the most basic calculations in betting but using the Bet Calculator above will help bettors enhance their understanding of what betting odds represent.
Enter the odds in your preferred format and instantly view how they are converted into other popular types. You may also manually adjust the bet amount in USD to calculate what your payout would be based on the odds provided. Just hit the reset button if you’d like to start over.
Since not all sports betting sites use the same type by default, you can use this tool to quickly convert odds to a format that you understand. You can also see the probability of winning that the oddsmaker implies by setting the line at what it is. This is sometimes useful to help you understand what you are betting on.
- The answer depends on what the horse’s odds are. Here are a few examples. Example 1: If the horse’s odds were going off at 2/1 your payout would be roughly $60,000 ($40,000 profit + $20,000 base wager). Example 2: If the horse’s odds were going off at 10/1 your payout would be roughly $220,000 ($200,000 profit + $20,000 base wager). Example 3: If the horse’s odds were going off at 60/1.
- To calculate the payout of a single number bet on the European layout, you should know that the roulette table odds are 36 to 1. You should take away 1 from 36 to get 35, which is the payout rate. In a winning case scenario of a £10 single bet, you would win £350 (£10 x 35).
This tool is for single wagers only. Head to this link if you are looking for a parlay (multiple bet) calculator.
Calculator Use
Convert stated odds to a decimal value of probability and a percentage value of winning and losing. This calculator will convert 'odds for winning' an event or 'odds against winning' an event into percentage chances of both winning and losing.
Be careful if you are using sports teams odds or betting odds. If you see that the Patriots super bowl odds are 9/2, that is most likely 'odds against' and should be entered in the calculator with 'Odds are: against winning.'
When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. A 1 in 500 chance of winning, or probability of winning, is entered into this calculator as '1 to 500 Odds are for winning'. You may also see odds reported simply as chance of winning as 500:1. This most likely means '500 to 1 Odds are against winning' which is exactly the same as '1 to 500 Odds are for winning.'
Probability Formulas:
This calculator will convert 'odds of winning' for an event into a probability percentage chance of success.
60 To 1 Odds Payout Calculator
Odds, are given as (chances for success) : (chances against success) or vice versa.
If odds are stated as an A to B chance of winning then the probability of winning is given as PW = A / (A + B) while the probability of losing is given as PL = B / (A + B).
For example, you win a game if you pull an ace out of a full deck of 52 cards. Pulling any other card you lose. The chance of winning is 4 out of 52, while the chance against winning is 48 out of 52 (52-4=48). Entering A=4 and B=48 into the calculator as 4:48 odds are for winning you get
What Is The Payout On 50 To 1 Odds
For 4 to 48 odds for winning;
Probability of:
Winning = (0.0769) or 7.6923%
Losing = (0.9231) or 92.3077%
'Odds for' winning: 1:12 (reduced from 4:48)
'Odds against' winning: 12:1 (reduced from 48:4)