If the American odds start with a plus, it tells you the profit you would earn from a $100 bet if successful.

The “Results” section explains that you would win $69 and earn a total payout of $169, as you get your stake (bet amount) back on winning bets.Īmerican odds can start with either a plus (+) sign or a (-) minus sign.

You will see that it equates to -145 and 69/100, with a 59% implied probability of success. Our betting odds calculator allows you to see what 1.69 is equivalent to in American odds and fractional odds formats, and you can also see what sort of payouts you would earn on a successful wager: You might see an online bookmaker offering decimal odds of 1.69 on the LA Lakers to win on the moneyline against the Philadelphia 76ers in an NBA game and decide you want to wager $100 on the Lakers. In this example, you would win $900 if Woods prevailed, and your risk amount is returned on successful bets, so your total payout would be $975.

The “Results” section on the betting odds calculator will tell you the win amount and your total payout amount.

Enter the odds, and it will tell you the equivalent odds in American and decimal formats, plus the chance of success (the implied probability that the odds suggest).

You would select “Fractional” for this example. To figure out your potential profit, you simply have to follow these steps: You could use this free bet code converter tool to instantly see that 12/1 equates to +1200 in American odds and 13.00 in decimal odds, which are common at Canada sportsbooks. Fractional odds are common in the UK and other parts of Europe but not at US sportsbooks. Let’s say you want to place a $75 bet on Tiger Woods to win the Masters and you see his odds listed at 12/1. For now, let’s focus on how to use our bet payout calculator to work out your potential winnings on a bet. The sections below explain the different betting odds formats and what they mean. Finally, it provides you with the implied probability of success that the betting odds suggest. Most sports bettors have a preferred betting odds format, so this tool allows you to quickly switch to the odds format you are most comfortable with. This is helpful, because betting odds are often presented in different formats. Second, you can covert betting odds between American odds, fractional odds and decimal odds. The betting calculator cuts out the potential for human error. First, you will be able to quickly calculate the potential payouts you stand to earn from any of your sports bets.

Our betting odds calculator serves three useful functions. How to Calculate Sports Betting Odds in 2023

Plus minus sports betting meaning