When it comes to fractional odds, they are marginally more complicated. For instance, decimal odds of 3.24 tell us that every one unit you stake pays 3.24 units back if the bet is ultimately successful. Decimal odds are the easiest to use since they clearly demonstrate your return for each unit bet. How to Calculate Sports Betting Odds Payoutsįirstly, you need to differentiate between the three significant odds formats you will frequently see mentioned. Bookmakers use odds since they can be translated into a more usable and more easily understood form for betting. Betting is primarily about assessing the chances or probabilities of events. You can calculate the probability by dividing the number of chosen outcomes with the number of total possible outcomes. Probability is essentially a representation of how many times a given outcome can occur. These two concepts are related, but not identical. You should also understand the difference between odds and probability. So how do odds work correctly? The answer to that question is crucially important if you want to succeed at betting and are just the beginning of your learning curve. Whether a high roller or curious newcomer, calculating odds can transform a game of chance into a far more enjoyable and profitable pastime. It's available for all three main odds format: fractions, decimals and American odds! How Can you Calculate Your Betting Odds and Payouts?Ĭalculating your odds is vital to your strategic approach to winning games like roulette and poker, or sports betting and horse racing. In case you first want to convert the odds between fractional, decimal or american, have a look at our handy Odds Converter! Net Winnings Payout Calculatorĭownload ThePuntersPage Payout Calculator to find out what your net winnings would be if you place a bet of up to 10 selections at any particular stake you enter.
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