Our odds calculator is here to make your sports betting a whole lot easier. Perfect for anyone who loves sports but hates math.
Here you’ll get to see how to use our odds calculator to quickly switch the odds from American to decimal or fractional and vice versa. Plus we've even included a few less common odds formats and you can even use the tool to check implied probability. Essential for seeing your bet’s chances of winning.
Go to BetMGMAn odds calculator gives you a simple way to switch the odds format for any bet. This could be for American odds, fractional odds, decimal odds or even Hong Kong, Indonesian or Malay odds. Not only that but our odds calculator has a special feature that displays the implied odds as a percentage to reveal your chances of winning.
Regardless of whether you’re a newbie or an experienced bettor, understanding and more importantly using an odds calculator can help you make informed decisions about your sports bets.
You’ll have to think long and hard about coming up with any disadvantages to using our odds calculator. However, here are the main pros and cons of doing so:
When using a sports betting odds calculator, you could be using odds in different formats. This can be confusing and entering odds in the wrong format into betting calculators can give you wildly different answers, so a quick rundown of what to expect can help you:
| Odds type | Example | Brief description |
|---|---|---|
| Decimal | 1.70 | Show the total payout you will potentially get for every unit staked, including the original stake |
| Fractional | 7/10 | show the profit relative to the stake. The numerator (first number) is the potential profit, while the denominator (second number) is the stake |
| Moneyline/American | -142 | Positive odds show how much profit you would make on a $100 bet, while negative odds indicate how much you need to bet to win $100 |
As you can see, there is a free odds calculator on this page and it is quite intuitive so the process to use it is very straightforward. Just to clear up an rookie errors, the steps to follow are:
As with any calculator, it is only as good as the information you put in, so putting in the wrong data will give you an incorrect result. For this reason, you should check your figures before entering them.
Let’s say that you wanted to bet on a Champions League soccer match between Inter Milan and Paris Saint Germain.
You found a betting site with great soccer odds but for some reason, it only displayed these odds in fractional format. Like many people, you find decimal odds a little easier to understand, and so you could do the following:
The short answer is everybody, but breaking this down a little further, we’ve identified four types of bettors for whom the benefits are clear:
You might be a bit nervous and not sure about what’s going on, so you could do a ‘double check’ of anything you’ve worked out. By using a calculator, you’ve got an instant confirmation of the odds in your preferred format along with your chances of winning.
You know what you are doing and even find it simple to use advanced calculators like this hedge bet calculator, but you want a time saving device that you can use to see your preferred odds at a glance - a calculator gives you all of this with the bonus feature of seeing the implied probability of winning.
You have a small betting budget and you want to make sure you are using it as effectively as possible. By using a free odds calculator like the one on this page you can get a handle on your chances of winning, so you can make an informed decision about which bets to take.
You have, or are working on your own betting strategy. You can use an odds calculator to see if a wager fits your criteria for its chances of winning, or you can compare two opportunities to see which offers the best prospect using our betting ROI calculator.
This odds calculator isn’t the only piece of tech that can give you a helping hand with your sports bets. Check out some of these other calculators that can help you figure out what you should be betting on and even what your total bet amount should be:
By using an odds payout calculator you can see easily the odds in your preferred format along with the implied probability, and after reading this guide, you’ll know how they work and how to use the one on this page.
Taking the guesswork out of knowing how likely you are to win can help you decide if a bet is worth taking, and improve your sports betting experience. So be sure to fire up our odds calculator to get a more assured way to bet on sports.
A sports betting odds calculator is a useful online tool that helps you make informed decisions by doing things like switching the odds into your preferred format and even calculating your potential returns based on the odds and your stake. They are simple to use and are useful to bettors regardless of their level of experience.
A free odds calculator is a useful tool that can improve your sports betting experience, but can be hard to find. To help with this we have one available in the betting school, along with other types of calculators, including a parlay calculator.
There are three different types of odds used commonly in a sports betting odds calculator. These are decimal, fractional and American. For a more detailed explanation of how these odds types work, check out our recent guide.
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