It might be one of the most basic calculations in betting but using the Bet Calculator above will help bettors enhance their understanding of what betting odds represent and what it means for their bet.Ĭonvert odds easily between common formatsĮasily calculate an Arb or Hedge position.įind out how much a bookmaker is charging you. This Bet Calculator allows bettors to calculate the potential Payout for any single bet and has a simple ‘Add Odds’ function to calculate the Payout for a multiple bet. However, each single bet within a multiple must win in order for the bet as a whole to win. For negative odds, you’ll need to use the equation (-1 X + 100) / -1 X. To get the total odds, you’ll first have to turn these individual odds into their decimal form. The most common type of bet is a single, but bettors can combine different bets into one and place a multiple bet - this can be a double, treble or any other multiple (four or more bets in one). Let’s say you placed two bets on your parlay at PointsBet Maryland, with the first bet having the odds of -110 and the second one +100.
A bet can be broken down into two elements the Stake - how much you risk, and the Payout - your potential return including your Stake. However, calculating parlay odds is not always. Join now Bet Calculatorīeing able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. The parlay bet is one of the most exciting bet types as it promises the biggest payouts in sports betting.
