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Betting Odds Calculator: Calculate your Bets Potential Outcome

Our betting odds calculator is a powerful tool used by punters and sportsbooks alike, to calculate the stake, return and profit of a large range of bets. The most popular bet types are included in our be calculator such as Parlay bets, Trixis, Round Robin, System bets, Lucky 15 bets among many others. You only need to input the type of odds (decimal, fractional or american odds) and your stake. Then the bet calculator will automatically display your possible outcome.

Bettors will be able to calculate up to 20 selections on bets, with dead heat, rule 4 and each way settings, providing full support for all kind of sports and events. You can also save your bets and keep notes with them to continue calculating other bets while comparing results.

With over 100 thousand bets calculated since its launch in 2023, our bet calculator has become a reliable and trusted resource for any bettor. It’s quick and easy to use, even for the most complex bets, with contextual info available via the question mark buttons (?).

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  • How Can a Bet Calculator Help You

    An odds calculator makes sports betting easier by calculating potential profits and probabilities instantly. It’s a must have tool for both new and experienced bettors.

    Our odds calculator supports American odds, decimal odds and fractional odds and gives you valuable information like potential winnings and implied probability so you can make informed decisions. Advanced features of our bet calculator like Dead Head or Rule 4 options help you build tailored and smart bets.

    Bet Example

    Let’s say you want to work out the returns of a bet on a hockey game between the Toronto Maple Leafs and the Montreal Canadiens. You bet $100 on the Maple Leafs with -130 odds, the return would be $176.92. You bet $100 on the Canadiens with +110 odds, the combined win would be $210. The bet calculator helps you calculate this return by inputting the amount and odds given by the bookmaker without you needing to do complex maths to figure it out. Remember to always check the total return and total payout before you place the bet.

    How to Use Our Odds Calculator

    Our bet calculator is free and can calculate almost any type of bet, bet lines and bet formats. Switch between calculators (Parlays, Trixies, Canadians, System, etc.) on the main calculator menu or the drop-down menu.

    Step 1 – Choose Your Bet Type

    Select your bet type you want to work out, from the main menu or the drop-down menu.

    Select Bet Type on the Odds Calculator Menu

    Step 2 – Customize Your Bet

    Customize Your Bet on the Odds Calculator

    Do you want to do an each-way bet? Add any Rule 4’s (for Horse Racing)? Add Dead Heats or Do any Each Way? Include any customization

    Step 3 –  Enter Your Odds and Outcome

    insert the odds and the outcome you are betting on

    Enter your odds, add or remove rows for combined bets (e.g., Parlays) and select your outcome. You can also add selection notes to your bet selections to see if the bet wins.

    Step 4 – Enter Your Stake

    enter stake on the betting odds calculator
    Do you want the bet to display per bet line or the total stake? The bet calculator will show the return and profit for both options instantly, based on the odds entered.

    Our Betting Odds Calculators

    Bet Calculator TypeSelections of BetsBet FeaturesPotential Outcome
    Straight or Moneyline Calculator1Simplest type of bet; only one selectionLower potential payouts
    Parlay Bet Calculator2+Potential for high payouts with multiple selectionsRisky; all selections must win for a payout
    2 Team or Double Bet Calculator2Higher potential payouts than MoneylineBoth selections must win for a payout
    3 team or Treble Bet Calculator3Higher potential payouts than MoneylineAll 3 selections must win for a payout
    Trixie Calculator3Combines three Double betsAt least 2 selections must win for a payout
    Patent Bet Calculator3Combines three Single bets, three Doubles, and one TrebleAt least one selection must win for a payout
    Yankee Bet Calculator4Combines six Doubles, four Trebles, and one FourfoldAt least two selections must win for a payout
    Canadian Bet Calculator5Combines ten Doubles, ten Trebles, five Fourfolds, and one FivefoldAt least two selections must win for a payout
    Lucky 15 Bet Calculator4Combines four Singles, six Doubles, four Trebles, and one FourfoldAt least one selection must win for a payout
    Lucky 31 Bet Calculator5Combines five Singles, ten Doubles, ten Trebles, five Fourfolds, and one FivefoldAt least one selection must win for a payout
    Lucky 63 Bet Calculator6Combines six Singles, fifteen Doubles, twenty Trebles, fifteen Fourfolds, six Fivefolds, and one SixfoldAt least one selection must win for a payout
    Round Robin Bet Calculator4+Allows you to create multiple parlays from a single list of teams or events.Each of these sets of bets must win
    System Bet Calculator3+You don’t need all your selections to win to get a returnEach of these sets of bets must win
    Heinz Bet Calculator6Includes 57 individual bets across 6 selections in different eventsYou will need a good number of wins to see a significant return, considering the initial cost of 57 individual bets
    Super Heinz Bet Calculator7It covers a total of 120 bet types across 7 selections in different eventsAt least 2 selections must win for a payout

    Odds Formats Supported by Our Bet Calculator

    There are three main formats: fractional, decimal and American. Each format shows odds differently but in all cases, they translate into the same. In Canada and the US most bookmakers work with American or Decimal odds. Our calculator supports all three formats and allows you to switch in between them without affecting your results.

    You may insert your odds, as given by the sportsbook and switch in between them to get an automatic conversion if you prefer working on, for example, Decimal odds but were given American odds. We also offer an odds converter that you can try to free.

    Let’s explain shortly each of the Odds formats and some examples.

    American Odds

    Positive American odds (e.g. +150) is the amount you’d win on a $100 bet, negative American odds (e.g. -150) is the amount you need to bet to win $100. This helps you evaluate risk and reward. Most bookmakers use American odds for sports like basketball and football.

    Decimal Odds

    Decimal odds show the total return on a bet including the original stake. For example, decimal odds of 6 means a $1 bet would return $6. These odds are useful for sports with three possible outcomes like soccer. Decimal odds are used in European countries.

    Fractional Odds

    Fractional odds, used in the UK and Ireland, quote the potential profit relative to the stake. For example 3/1 means you’d win 3 units for every 1 unit staked. This format helps you quickly see the value offered by different bookmakers.

    Betting Types Explained Through a Bet Calculator

    illustration of the maths behind bets

    Our bet calculator helps you calculate returns across different betting types, from moneyline bets to spread bets. Let’s breakdown the main types:

    Moneyline

    Moneyline betting is picking the winner. Positive figures like +200 on a $100 bet would return $300, negative figures like -110 would require a $110 bet to win $100. The calculator shows the implied probability so you can see the value of your bet. Moneyline is used in American sports betting.

    Spread Betting

    Spread betting is predicting the margin of victory. The bookmaker sets a line and the calculator helps you calculate the returns based on the spread and odds.

    Over/Under

    Over/under betting is the total score. Betting the OVER means high scoring, betting the UNDER means low scoring.

    What Sets Our Betting Odds Calculator Apart?

    Our bet calculator is designed for the Canadian market, with Canadian terminology and types of bets. It has definitions for Dead Heat and Each Way and allows you to save notes and calculations within the same session. It caters to different bet amounts so you know the profit and total return.

    Most bookmakers support multiple formats so you can convert odds easily and see implied probabilities. Our bet calculator helps you calculate potential returns, total payouts and expected returns quickly. We support websites that use American odds, fractional odds and decimal odds. Whether you’re evaluating a bet or converting fractional odds to decimal odds, our tool will help you make informed decisions.

    Features

    • Change bet outcomes (win, lose, void) and see how it affects the bet calculator.
    • Try many types of bets and their outcomes from one tool without losing data.
    • Convert odds and see the return on your bets to improve your betting strategy.
    • Customize your bets: each way, dead heat, rule 4
    • Add notes and save your calculations to compare with other outcomes in between the same session

    FAQ

    An odds betting calculator is a tool used to calculate potential payouts from various types of bets. It allows bettors to input the odds, in various formats, and the amount they plan to wager. The calculator then computes potential profits based on these factors.
    An odds betting calculator can provide you with a clear understanding of potential returns on a bet, which can inform your betting strategy. It helps remove the complexity from calculations, particularly when dealing with odds in different formats (decimal, fractional, or moneyline). This allows you to focus more on making informed betting decisions and less on math.
    Yes, they are. An odds betting calculator is simply a tool that provides information about potential betting outcomes. It does not influence the outcome of a bet or facilitate betting in any way. Remember that while betting itself is legal in Canada, each province sets its own regulations, so it’s important to be aware of the rules in your particular province.
    Using an odds betting calculator is straightforward. You typically input the type of odds you are working with (decimal, fractional, or moneyline), the specific odds for the event you are betting on, and the amount you wish to wager. Once you’ve input this information, the calculator will display the potential payout should your bet be successful.
    Many odds betting calculators are designed to work with a range of bets, including single bets, accumulator bets, each-way bets, and more. However, the types of bets a calculator can handle depend on its specific features and design. Always ensure the calculator you are using is suited to the type of bet you’re placing.
    American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you’re betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. You need to risk $140 to win $100 on the Packers. If they win, you profit $100 and get your original $140 back. Betting an Underdog: The odds for underdogs will have a plus (+) sign in front, and represent the money you can win for every $100 risked.
    The rest of the world uses Decimal Odds, in part because it’s easier to convert them to implied probabilities than American Odds. Decimal odds represent the amount a bettor wins for every $1 wagered. And the number represents the total return, not just the profit like American and fractional odds.
    Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports (other than horse racing), because the conversions to understand return are difficult. To calculate winnings on fractional odds, multiply your bet by the top number (numerator), then divide the result by the bottom (denominator). So a $10 bet at 5/2 odds is (10 * 5) / 2, which equals $25. A $10 bet at 2/5 odds is (10 * 2) / 5, which is $4.

    Odds correlate to the probability of a team winning, which is the implied probability. A -140 favorite has about a 58.34% chance of winning, while a +120 underdog has a 45.45% chance.

    Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet. To calculate implied probability, use the following formulas:

    For negative numbers (favorites), drop the minus sign, then do:

    Negative Odds / (Negative Odds + 100) * 100

    For positive numbers (underdogs):

    100 / (Positive Odds + 100) * 100

    Your payout includes your potential winnings, plus whatever you bet originally. So if you bet $10 on a +150 underdog, your payout will show $25.