Odds Calculator & Converter

The available options will vary depending on a selection’s Status, and whether the bet is each way. For example, if a selection has lost, then Win Odds is not relevant, so that option is removed from the form. The number of selections can be increased in order to create perms or, in the case of Accumulators, to simply extend the size of the Accumulator. Arbitrage opportunities can pop-up in betting markets for a variety of reasons, most commonly being a disagreement in Sportsbook opinions on a certain event.

How Do You Calculate A Double Bet?

Our double bet type version works out your returns when placing a bet on two selections. With a double, it requires two selections on two separate events. If the first selection wins, the winning returns are then transferred as a stake onto the second selection. To calculate your returns using the bet calculator, enter the odds of each selection, whether they won, lost or placed and then divide your total stake by 31 to get your stake total. An accumulator bet often consists of more than three selections, with one stake and all selections must win for the bet to continue.

Best Betting Apps Uk For Ios And Android On Mobile

+200 Means that when you bet 100, you’ll earn 200 or is the decimal odds 3.00. Compare.bet US has the latest on the best legal sportsbooks in your state. It’s up to you to compare betting odds and pick your betting market. If you’re new to sports betting, we’d recommend sticking to ‘safer’ bets with lower odds until you get to grips with how it works exactly. Teaser bets are usually available for basketball and football events.

Responsible Gambling

Then, it automatically calculates the payout you would receive if you won. But, this won’t mean anything to you if you do not understand the variety of betting odd types that are out there. So, we will be looking into the different types of betting odds in order to understand how the betting odds calculator works. Now that you know how to read and calculate horse racing odds, you are ready to take the bet! But when the day comes, it is good to know what your overall chances are in walking away a winner. Here is a quick reference chart that explains your chances of winning the types of bets mentioned earlier and the expected payout.

Our Teaser Calculator allows you to select up to 14 teams in a teaser bet. Total Return includes the stake that is returned to you and profit is how much money you actually generated from your bet. At the same time, losses can accumulate quickly when betting large amounts, so play in your comfort zone and save bigger bets for races where you have strong opinions. Now that you have an idea of how odds work and what they mean, it’s time to learn how to convert between them.

Most sportsbooks hover their betting prices within the same range. Regardless, some differences do exist and a good bettor can “price check” across platforms to guarantee themselves the best odds when wagering. Any good line setter or trader uses a wealth of data (in-game performance, weather, etc.) to set prices on sports matchups. But the best oddsmakers funnel all these metrics into an advanced computer program, which spits out the odds. You can place bets right up until kickoff/puck drop/first pitch. What would happen if a team is +120 when you place a bet, but moves down to -110 by game-time?

Dead Heat Calculator

One side could rise up to -112 or even -115, while a side that’s not seeing much action could hit -108 or -105. The vig for totals — also known as over/unders — is basically the same as for point spread bets. The standard odds are -110, but some operators may deviate slightly. One side of a bet can get hammered with action regardless of line moves. That’ll open up the sportsbook to potential losses, but the public isn’t always right, either.