You've decided to parse recently updated NBA Odds and want to bet on the Los Angeles Lakers to win the next title. Betslip BreakdownĪny betting-odds calculator worth its salt will not only convert different lines, but it will tell you how much you stand to win based on how much you wager.

Rather than having to figure it out in your head-which, are you really figured out 23/4 in your head?!?-the proper presentation is right there in front of your face.īut the benefits to betting odds calculators don't stop there. This is super useful if you're someone who, in this case, is used to fraction odds but looking at a sportsbook that only provides lines using American odds. If you plug this into a betting odds calculator, you'll get a return along the lines of the following: Just for kicks, let's assume you're looking at the latest NFL odds and decide to take the New England Patriots at +575 to win the upcoming Super Bowl. It takes whatever odds you input and then relays them in all the most common forms. The absolute best part of a betting odds calculator is its conversion. Why Use a Betting Odds Calculator? Betting Odds Conversion It instead means you would need to win half your bets to break even. In other words, investing in a +100 line, which has a 50 percent implied probability, doesn't mean you'll successfully hit 50 percent of the time. Implied odds do not account for the 'juice'. These lines are essentially traditional American odds converted into percentages. And while many of the other line types can be calculated manually without much issue, these are more complicated. Many sports bettors won't come by implied odds too often. If that's $100, you'll profit $125, for a total of $225 in winnings. By this measure, for an event with 5/4 fractional odds, you'll win 125 percent of your initial investment. The number on the left shows you how much you stand to win, while the number on the right tells you how much you'll need to wager. It sounds a little confusing, but it just takes a little practice. When odds are written in this format, they tell you how much cash you can win on your bet in comparison to your stake. These are all presented with slashes, such as 3/2, 5/2, 1/1, and all that. So, if you're placing a bet on an event with decimal odds of 2.50, you're looking at a payout of $250 for every $100 you invest-or a profit of $150 total.įractional odds are easy to identify, though not as simple to calculate. These odds represent the amount for every $1 wagered. Decimal Oddsĭecimal odds are also incredibly easy to interpret once you get the hang of them. As the name suggests, they're presented in a decimal format: 1.00, 1.50, 2.75, etc. In this instance, each successful $100 wager will result in a $250 profit. For positive odds, you're simply seeing the amount of money you stand to win for every $100 you bet. On the flip side, let's say you're dealing with a +250 moneyline. So, for this event, you'll need to wager $250 in order to make a profit of $100. In this case, the difference between -250 and 0 is 250. They're written in the form of '-100' and '0.' For negative odds, you're simply calculating the difference between the provided number and '100.' Once you have that, you'll know how much money you must risk in order to win $100. Even if they don't, their servers can often detect your location, and if you're in a territory that predominantly uses American odds, this will be how all the event lines you see are presented. Pretty much every online sportsbook prefers to roll with the American odds format. These are the most common forms of betting lines.

Moneyline payout calculator