Calculate your potential winnings for any bet type with our comprehensive and easy to use odds calculator.
How to Use the Calculator
- Select Your Bet Type: Choose from Single, Parlay, Canadian, Heinz, and more complex systems
- Enter Your Odds: Input the odds for each selection in American, Decimal, or Fractional format
- Enter Your Stake: Type in the amount you wish to wager
- View Your Payout: Instantly see your total return and profit
Understanding Your Results
Total Return: The complete amount you’ll receive if your bet wins, including your original stake back.
Profit: Your actual winnings – this is your return minus your original stake.
Breakdown Table: Shows how many individual bets are placed and what needs to win for a payout.
Why Our Calculator is Different
This tool was designed based on insights from our founder, 15-year iGaming expert Jakub Wojdanowicz. He insisted on including advanced features that professionals use, such as ‘Rule 4’ and ‘Dead Heat’ options for horse racing, and comprehensive support for complex system bets like a ‘Goliath,’ ensuring you get the most accurate calculations.
Advanced Features Include:
- Dead Heat Calculations: Automatic adjustments when horses tie
- Rule 4 Deductions: Handles odds changes when horses withdraw
- Each-Way Options: Separate win and place calculations
- Save Function: Compare different betting scenarios
- All Odds Formats: Decimal, fractional, and American odds supported
Supported Bet Types
| Bet Type | Selections | Pros | Cons |
|---|---|---|---|
| Parlay Bet Calculator | 2+ | Potential for high payouts with multiple selections | Risky; all selections must win for a payout |
| 2 Team or Double Bet Calculator | 2 | Higher potential payouts than Moneyline | Both selections must win for a payout |
| Patent Bet Calculator | 3 | Combines three Single bets, three Doubles, and one Treble | At least one selection must win for a payout |
| Canadian Bet Calculator | 5 | Combines ten Doubles, ten Trebles, five Fourfolds, and one Fivefold | At least two selections must win for a payout |
| Round Robin Bet Calculator | 4+ | Allows you to create multiple parlays from a single list of teams or events. | Each of these sets of bets must win |
| System Bet Calculator | 3+ | You don’t need all your selections to win to get a return | Each of these sets of bets must win |
| Heinz Bet Calculator | 6 | Includes 57 individual bets across 6 selections in different events | You will need a good number of wins to see a significant return, considering the initial cost of 57 individual bets |
Odds Formats Explained
Decimal Odds (2.50): Show total return per $1 wagered. Most common in Canada.
Fractional Odds (3/2): Display profit relative to stake. Traditional format.
American Odds (+150/-150): Show profit on $100 bet (positive) or stake needed to win $100 (negative).
When to Use Each Bet Type
Single Bets: Perfect for beginners or when you’re confident in one outcome. Lowest risk, guaranteed understanding of returns.
Parlays: Use when you want higher payouts and can accept higher risk. Remember: all selections must win.
System Bets: Choose when you want some insurance. You can still win money even if some selections lose.
Each-Way Bets: Ideal for horse racing or golf when you think your selection will finish in the top positions but aren’t certain of a win.
Professional Tips
Bankroll Management: Never bet more than 1-5% of your total bankroll on any single wager, regardless of confidence level.
Understand True Odds: Use the calculator to see if sportsbook odds offer value compared to your assessed probability.
Test Different Stakes: Try various amounts to see how they affect your risk-reward ratio before placing the bet.
Save and Compare: Use the save function to compare different bet structures and choose the best option.
Frequent Asked Questions
Yes, betting calculators are completely legal. They’re mathematical tools that help you understand potential payouts – no different from using a regular calculator.
Our calculations are exact and match sportsbook payouts. The formulas are tested against real-world results from major Canadian betting sites.
No account required. The calculator is completely free and works without registration.
]Yes, use the Save Bet function to store and compare different scenarios within the same session.
Return includes your original stake back. Profit is just your winnings. If you bet $10 and win $25 total, your return is $25 and profit is $15.
Calculators prevent costly mistakes on complex bets and help with bankroll management. You’ll know exactly what you’re risking and what you might win.
Yes, enter the current live odds just like pre-game odds. The calculations work the same way.
Dead Heat applies when horses tie. Rule 4 handles odds adjustments when horses withdraw. Both are essential for accurate horse racing calculations.
Related Tools
Specialized Calculators:
- Each Way Calculator – Win and place calculations for horse racing
- Round Robin Calculator – Multiple parlay combinations
- System Bet Calculator – Flexible system betting options
- Odds Converter – Convert from decimal, american and fractional odds
Betting Guides:
- How to Read Betting Odds – Understanding odds formats
- Parlay Betting Strategy – When and how to use parlays
- Bankroll Management – Protecting your betting funds
