HORSE WAGER CALCULATOR HOW TO
HORSE WAGER CALCULATOR CODE
HORSE WAGER CALCULATOR PLUS

If the Lakers were getting 2.50 odds for the game, it would mean that for every $1 you bet on the team you would get $2.50.

With decimal odds, you get the sum of the amount you would get in return for a $1 bet.Īt most online sportsbooks like BetRivers or bet365, you can switch to this format if you prefer.įor example, let’s take a basketball game between the Los Angeles Lakers and Boston Celtics. Decimal Oddsĭecimal odds are very popular across the globe with most online sportsbooks using decimal odds as their default. When using an American odds bet calculator, you will only be required to know your stake and odds, the calculator will do the rest. So if the Red Sox were getting -140 odds and you were going to wager $50 on them the betting calculator calculation would go like this: To calculate the profit for an American minus odds you may use the formula: So if we took the same example and gave the Boston Red Sox odds of -140, it would represent the fact you would have to wager $140 to make a profit of $100. When calculating American odds for minus odds wagers, you are calculating the odds for favorites, which returns less than even money in profits. Taking the example above, if we added a stake of $50 we can calculate the potential winnings from the bet using an odds calculator: To calculate the profits for (+) American odds wagers you may use the formula: Basically, American odds give bettors the amount of money they would profit from a wager of $100. If the New York Yankees are +275 to win an upcoming game against the Boston Red Sox, perhaps in the World Series, this means that for every $100 you bet on the Yankees you will receive a profit of $275.

HORSE WAGER CALCULATOR PLUS

So whenever there is a minus (-) figure you lay that amount to win a hundred dollars, and where there is a plus (+) you win that amount for every hundred dollars you bet. You can also have a look at our odds converter! Moneyline Bet (American Odds)Īmerican odds, also known as money line odds, indicate return relative to a hundred unit base figure. Each type of odds requires different calculating methods when using a sports betting odds calculator. There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional.

HORSE WAGER CALCULATOR HOW TO

Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds.

Read about how to start betting on basketball before making your first wager.Ī betting odds calculator takes the odds and stake of a particular bet and figures out the payout automatically.

HORSE WAGER CALCULATOR CODE

Use a Caesars bonus code when registering for a welcome promotion.To learn more about how to use a betting calculator and the different odds formats available for sports betting read below. A 4/1 bet is expected to win one in every five attempts, therefore the probability is 20%.How To Use A Betting Odds Calculator Moneyline Bet (American Odds) Decimal Odds Fractional Odds If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the $10 stake). Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake. If $10 is bet at odds of 4, the total returned is $40 ($10 x 4) and the potential profit is $30 ($10 x 4 minus the $10 stake). Decimal Oddsĭecimals quote the potential return should the bet succeed, relative to the stake.

Ex: American odds of -120 would win $100 on a $120 bet. Negative Figures (-): The odds indicate how much must be bet to win $100 profit. Ex: American odds of +120 would win $120 on a $100 bet. Positive Figures (+): The odds state the winnings on a $100 bet. Implied Probability is also useful when evaluating a bet or checking how likely an outcome is. There are three methods of stating odds that most bookmakers and websites support. Format Definitions: Odds and Probabilities We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it. You’ll see how much money you’ll win, and the total payout you’d receive. Our calculator will take care of the rest. We use the American style here at Odds Shark.Įnter the amount of money you wish to bet. It’s entirely up to you which type you prefer. Most betting sites offer each odds option.

Horse wager calculator