To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). Betting Odds Calculator Simply enter the odds in the appropriate space provided and it will automatically calculate to the odds and implied probabilities: How the Odds Calculator and Converter works Sport betting odds come in many different types, but essentially express the exact same thing. Whether something will happen can be measured on a scale from 0 to 1. Thus, in order to understand how to use a betting odds calculator, we must first understand the different types of betting odds. Variables that can be calculated and we gather them here. By converting fraction to percent, we can say that the chances of winning are 5/6 = 83.33%, and of losing 1/6 = 16.67%. You don’t have to break out the pencil and paper and start figuring things out, you can calculate probability from odds quickly by just plugging in the numbers. It's important to know how much you need to place on both sides of the bet - your back stake with the bookmaker and the lay stake with the exchange such as Betfair. Negative odds - The probability divided by (1 minus (the probability divided by 100)) then multiply by -1 to convert into a negative e.g. Calculating your odds is vital to your strategic approach to winning games like roulette and poker, or sports betting and horse racing. Implied Probability Calculation for Negative American Odds. Join LVAs Mailing List. If you cut your teeth betting on US sports betting sites on the NFL, you likely are more familiar with -110 than the speed limit. Here’s how the math works. How to use the calculator. Most sportsbooks, as we already mentioned, will have them built into their bet slips. Simply input the current back and lay odds for each selection and click on the ‘Calculate’ button. What is Implied Probability? So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. For instance, sports bettors in Europe and the UK are usually first exposed to fractional odds because that is was most popular way to express horse racing odds. That said, you don't need to use them. Just enter the bet type from the options on the drop down menu below, enter your stake and the prices of the your selections and our betting odds calculator will do the rest for you. Hong Kong Odds This odds calculator and converter will convert lines offered by your sportsbook and sports betting sites to the major betting formats: American, Decimal, Fractional, Hong Kong and Indonesian Odds and Implied Probability. American Odds Because different odds formats are used in different regions and sports, it is always best to convert odds to a format you are familiar with. Simply enter the odds into the Implied Probability Calculator on this page and then hit the “Convert” button. The mathematics of gambling are a collection of probability applications encountered in games of chance and can be included in game theory.From a mathematical point of view, the games of chance are experiments generating various types of aleatory events, the probability of which can be calculated by using the properties of probability on a finite space of events. Granted, there are a few types of betting odds out there. In being a successful sports betting every percentage point counts, and each point the book gives back is one more win toward profitability for the bettor. Calculating the Implied Probability of betting odds is easy. A betting odd opportunity should be considered valuable if the probability assessed for an outcome is higher than the implied probability estimated … Enter the Stake and Odds for your bet and the Bet Calculator will automatically calculate the Payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. If you're a player looking for calculators on football and sportsbetting in general, I have also included tools that allow you to calculate house edge on spread and straight bets as well as various prop bets using the spread and over/under numbers. A bet calculator for calculating combinations from bet selections for horse racing, harness racing and greyhound racing. You need to pay very very close attention to them and always convert odds that you are not familiar with. Below, we run through the different types of odds. Book % 103.09%. This back vs lay calculator determines the best course of action when wagering in a two-outcome market with a betting exchange. Overround 3.09%. Whether a high roller or curious newcomer, calculating odds can transform a game of chance into a far more enjoyable and profitable pastime. The team would win 5 out of 6 games and lose 1 of them. Gambling is not only a matter of luck, it is often a matter of statistics, probabilities and odds. Convert the American odds to decimal odds using our odds converter. On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful. Select a bet amount in the left column. Implied Probability. Implied probability is a conversion of betting odds into a percentage. Learning how to calculate implied probability from betting odds is key to assessing the potential value in a betting market. american odds of 300 = 1 + (300/100) = 4. For each-way bets select the tick … Let us help! Rather, they're carefully set so that, in the long run, the bookie or casino will make money, regardless of any short-term outcomes! Simply put: Betting odds calculators are everywhere. How to Calculate Probability as a Fraction. a probability of 20% = (20 / (1 - (20/100))) * -1 = -25. The betting odds calculator will work for all types of bets: point spread, moneyline, total, or props. Choose your preferred odds format; decimal, fractional or American. Calculate bet returns for Accumulators, Lucky 15's, Doubles, Trebles, Football, Horse Racing and more. Work out potential winnings for any type of bet or check winning bets have been settled correctly with our bet calculator. Select the horses to include in the wager. Add Odds for Multiples. Find out which date was/is X days before or after a date, Calculate when you are sober again after drinking alcohol, Calculate how many days there are left until a certain date, Calculate how much calories you spend at rest, Someone calculated that There are 1 101 days between 2015/09/21 and 2018/09/26. Calculate the probability of an event based on the odds set by a betting company. Divide 1 by the odds of an outcome to calculate the probability of that outcome; Substitute this information into the above formula. Here you can calculate the average and actual value of an offer from a casino site such as "deposit $50 and get an extra $100 to play for". Sports betting tools and resources Overround and probability calculator. That way, you’ll know the exact amount you would win prior to placing any picks at your favorite sportsbook. The calculator will then tell you whether … Betting Odds Calculator free download - Free Calculator, Moffsoft Calculator, Simple Calculator, and many more programs Use the calculator to compare how different outcomes on each selection might affect your profits before you place your bet. Sports betting tools and resources. Decimal Odds Particularly you will find it useful when given fractional odds and looking to convert them to American odds, when an American sports bettor heads to the horse track or futbol pitch. For example, an implied probability of 10% shows that a bookie believes there is around a 1 in 10 chance of that event occurring. It takes into account the bookmaker margin to express the expected probability of an outcome occurring. The probability of this outcome not occurring … Multiply the decimal odds together to get your multiplier. Enter your stake, bet type, odds (fractional or decimal), place terms (if applicable) and then hit the calculate button. See what your total payout and winnings will be. Positive odds - 1 plus (the american odds divided by 100) e.g. Fractional Odds For any bet that has a handicap value set (ex: a point spread of -6, total of 43, etc. The odds for all possible outcomes must be included. The odds calculator is an essential tool for matched betting. There are some explanations of the various odds formats: A betting odds calculator takes the odds and stake of a particular bet and figures out the payout automatically. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4. These calculators keep up with the latest rule changes in the games, and give you the probability and return for each result within. Calculate what your odds are to win on certain types of lotteries. Probabilities expressed as fractions, decimals, percentages, and odds. How to calculate odds. Calculate probability from odds Fortunately for ease and efficiency, you can find our conversion calculator which will do all of the work for you. Lottery odds calculator Calculate what your odds are to win on certain types of lotteries. Probability>Odds Calculator; Probability>Odds Calculator. If something can never happen, its probability is 0. Follow these simple steps to figure out how much to bet. Our odds calculator is perfect for showing you how to calculate potential winnings for all types of sport wagers. Our betting odds calculator takes a step further and calculates the percentage probability of winning and losing. Bookmark the odds calculator to help you out with that. With this in mind, make Contents. Make an entry in any of the fields and the calculator will do the conversions for the others. Know how to calculate odds against an event happening. Most sportsbooks and sports betting sites will allow you to change how your odds are displayed, but as you are researching your handicapping, you may run into written articles that reference an odds format you are unfamiliar with. Keep in mind, that odds formats were generally created for the spoortsbook’s convenience and to confuse the bettor. For example, when Manchester United (1.263) play Wigan (13.500), with a draw at 6.500, a bet of $10 on Wigan to win would provide potential winnings of $125, with the probability of that happening at 0.074 or 7.4%. The implied probability provides the simplest reflection of how likely a bookie believes a particular event is to happen. Bets, but it is very useful for bettors to understand how to use.! 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