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Aug 15, 2023 · Calculate your payout and implied probability for any bet amount and odds in American, Fractional, or Decimal formats. Use our betting odds calculator to learn how to read odds and convert them easily.
- What Are The Odds of A Bet?
- How to Use Implied Probability in Betting
- Odds Calculations in Science
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Odds typically refer to the ratio between the probability of one event happening versus another where the two events are mutually exclusive and exhaust all possible outcomes. In simple games with dice it could be the odds of rolling a sum of five with two six-sided diceversus not rolling it. The odds of that happening versus not happening are one t...
While we do not encourage or condone betting, if you've decided to engage in the practice, then it is best that you understand the concept of implied probability a.k.a. implied odds which are part of the output of this betting calculator. First, it is a probability that an event would happen expressed as a percentage. For example, a probability of ...
Interestingly, some of the first works in odds and statistical probabilities which later became foundational for the discipline of statistics originated in games of chance and optimal betting problems by the likes of Girolamo Cardano, Luca Pacioli, Blaise Pascal, Pierre de Fermat, Christian Huygens, Jakob Bernoulli, and Pierre Simon de Laplace . Th...
Use this tool to easily convert between American, decimal, fractional, and implied odds, and calculate the payout and potential winnings from a bet. Learn how to use implied probability in betting and the history of odds calculations in science.
Calculate the payout for your bets using different odds formats and implied probabilities. Learn how to compare true odds and implied odds and find value in sports betting.
Learn how to calculate potential winnings for all types of sports bets with this free tool. Enter your odds, bet amount and format, and see the payout and to win amounts for moneyline, totals and point spread bets.
To calculate a betting odds payout, first choose which odds format to use: American/moneyline odds, fractional/UK, or decimal/European. Decide how much to stake, or bet, and then multiply this by the odds to determine your potential payout.
Betting Calculator. Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. See what your total payout and winnings will be. Betting Calculator Parlay Calculator.
Learn how to use our odds calculator to determine your potential profit and payout on sports betting wagers. Enter your stake and odds, and the calculator will show you the results for different formats and bet types.
