Calculate Sports Betting Odds

  
  1. How Do Betting Sites Calculate Odds
  2. Sports Betting Odds Converter
  3. Calculate Sports Betting Payout
  • Sports betting odds are calculated based on a variety of things including injuries and trades, current team form, the weather, and beyond. How players are betting also determines the odds, which is.
  • For example if you are betting -200 favorites you will need to win 67% of your bets (2 in every 3) just to break even. I hope you find this sports betting odds calculator helpful and feel free to link out to your.
Calculate sports betting payout

A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.

For American odds with a positive value: Using odds of +150, you would wager $100 to win $150 so the total payout would be $250. To get the decimals odds you would calculate: 250/100 = 2.50.

How Do Betting Sites Calculate Odds

CompaniesHow do betting companies calculate odds

In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.

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Sports Betting Odds Converter

Calculate Sports Betting Odds

Calculate Sports Betting Payout

The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).