American odds, also known as money line odds, indicate return relative to a hundred unit base figure. When calculating American odds for minus odds wagers, you are calculating the odds for favorites, which returns less than even money in profits. To calculate the profit for an American minus odds you may use the formula:. When using an American odds bet calculator, you will only be required to know your stake and odds, the calculator will do the rest. Decimal odds are very popular across the globe with most online sportsbooks using decimal odds as their default.
At most online sportsbooks like BetRivers or bet , you can switch to this format if you prefer. If the Lakers were getting 2. Calculating the potential earnings for decimal odds is very simple. You simply multiply your stake by the odds and then subtract your stake.
An odds calculator will automatically work out the odds of all the wagers combined and give potential winnings for parlay bets in seconds. Fractional odds are popular in the European region, especially amongst horse racing bettors in the UK and sometimes for Daytona betting. With fractional odds, you are given the profit in proportion to the stake.
The way a betting odds calculator calculates the profits for a fractional odds bet is by dividing your stake by the denominator and then multiply the stake by the numerator:. With this online betting odds calculator, you simply enter your stake and the lines for the bet you made to see your expected profit if you win.
Gambling Problem? Call Gambler. William Hill. Betfred Sports. Fox Bet. Barstool Sportsbook. BetMGM Casino. Hollywood Casino. Hard Rock Casino. Return The money you get back if you win. To Win The profit you make if you win. Save App to Phone. Super Bowl Special Offer. Get SB Bonus. Use our free matched betting calculator to work out how much money you need to stake on your lay bet at the betting exchange to earn a profit.
Use the dropdown menu to get the right results whether you're placing a qualifying bet, a free bet where the stake is not returned SNR , or a free bet where the stake is returned SR. We also have matched betting formulas if you'd prefer to work it out yourself, or want to learn about the maths behind our matched betting calculator. Not sure what we're on about? Read our matched betting guide.
We have lots of other betting calculators that are free to use, including:. A matched betting calculator is a bit different to a regular odds calculator as it will help you calculate how to place lay and back bets to unlock profit from the free bets offered by bookmakers. It's an important tool because it shows you how much you need to stake with both the bookmaker and the betting exchange.
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