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US Online Gambling Sites » Betting Guide » Sports Betting Odds Calculator – Winnings, Probability & Returns

Sports Betting Odds Calculator – Winnings, Probability & Returns

Last Updated on 11/28/2023
Fact checked by: Mark Lewis

Betting odds remain a mystery to many of us. If you look at a range of odds and think they’re a bunch of mysterious numbers and symbols, then our easy to use odds calculator is here to help.

We’ll be showing you just how easy our betting odds calculator – or moneyline bet calculator – can be in helping you understand what returns odds represent and how you can use your improved mathematical understanding to make smarter strategic betting decisions. You’ll be amazed how easily our sports betting odds calculator can improve your bets.

Odds calculator:

ROI calculator

Odds Format
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What is a betting odds calculator?

Our sports betting calculator has a few important aims: we want to make it abundantly clear not only your returns from a bet, but also the profit. In a way then, you can think of this as a winning calculator, as it’s all about what you get when the markets are settled.

With regards to probability, there’s additional flexibility there too. You can choose both decimal and fractional odds depending on your preference, and even select each-way if that’s relevant to your wager.

The way the odds winning calculator works only takes a couple of steps. Simply tell us your stake, whether it’s a single or multiple bet, click each-way if that’s relevant and hit calculate. From there, you’ll find out both your returns and your profit – the latter being vital to assessing the true value of what you’re being offered.

Why you need a calculator for betting odds

Most people think of sports predictions as a simple case of correctly guessing what’s going to happen on a sporting event. And that’s certainly a large part of gambling but there’s no crystal ball that can tell you results. We aren’t psychic and there’s no magic way of making our predictions flawless. That’s where additional considerations, including a sports odds calculator, come in.

The other side of things is being able to recognise quality odds, so even though your prediction could fail, at least you’ll get the best deal possible should you win. That’s why we provide not just the returns but the profit – and that’s what our odds betting odds winning calculator is all about.

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Why you need to use our odds calculator

Of course, we all have different betting needs, but you may be surprised by the flexibility of such a conceptually simple sports odds calculator. This betting odds return calculator can be used to not only understand the profits from that return, but also whether you’re looking to bet on single, multiple or each-way bets.

It’s also entirely independent, meaning it’s ideal for checking if the returns offered are fair. It’s also great if you want to check the value of several different odds offered by multiple bookmakers without having to go through loads of registration pages. In other words, this odds probability calculator does a lot more than just work out returns and profits – it allows you to compare bookmakers on a fundamental level.

Top tips for using the calculator for the first time

We’ve made the moneyline bet calculator as simple as possible but that doesn’t mean people don’t sometimes make a couple of easily avoidable mistakes. Luckily, there are a few simple pieces of advice that can help you make the most of them, so you can enjoy the betting odds return calculator without concern:

Make sure all the information you’ve included is correct

This is the easiest mistake to make with an odds winning calculator.

Check the each-way box

Just a quick tick can make the difference between accurate and inaccurate results.

Don’t confuse returns with profit

The latter is how much you actually win from your bet. The return includes your stake.

Test as many bookmaker odds as you want

That’s what the odds probability calculator is there for.

Have fun

Getting the best deal is always fun, look out for a free bet calculator and don’t get so bogged down in the numbers you forget your love of the game.

Other calculators we offer

Did you think our moneyline bet calculator was all we offered? Think again, as this tool is joined by a great selection of others:

  • Parlay calculator: Figure out that monster accumulator in a matter of moments with our parlay calculator.
  • Odds value calculator: The sports odds calculator here showcases value in returns, but to understand it from a percentile point, this is where you want to be.
  • Betting odds converter: Decimal and fractional odds not cutting it? Then you need our odds converter to make your betting decisions faster.
  • Hedging calculator: Take advantage of odds differences with our hedging calculator.
  • Sports betting hold calculator: Also known as the overround, knowing the hold is crucial to understanding the objective quality of your odds. Discover it here.
  • Spread to moneyline converter: Complicated? Sure, but we do the hard work for you with this American odds converter.

Conclusion: Understand your winnings

We have several different calculators here and in many ways, this odds calculator is our easiest to understand. However, it’s also arguably our most important. It takes the bottom line – how much money you’ll receive from bets, regardless of multiples or any other factors – and makes it absolutely clear how much you’ll pocket.

Part of betting strategy is being able to wrap your head around the quality of the odds and there’s no clearer way of doing so than through profit and returns. If you want to begin using betting calculators to improve your wagers, this odds calculator sports tools is the place to start.

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Odds Calculator FAQ

❓ What is a sports betting odds calculator?

With so many different kinds of calculator out there, your first question is probably what specifically they do when compared to all the rest. Well, our calculators come with an explanation of how they work and how best to make the most of them, as you’ll see on our sports betting odds calculator guide.

✅ Is the sports betting odds calculator easy to use?

Calculators of all kinds are created to make complicated things easier. However, some can be harder than others to use, like the spread to moneyline converter, but it’s worth its weight in gold! We provide a handy guide alongside our calculators to help you make the most of them and you’ll have all the information you need to get started.

☝ Is the sports betting odds calculator the only one we offer?

We’re incredibly proud of our sports betting odds calculator and think that every kind of bettor can improve their betting strategy and understanding of odds with it. If you love it as much as we do, you’ll likely wonder if we have any other wonderful calculators up our sleeves. Well, check out this guide, as we’ll also cover the other tools we offer.

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