How to use the bet return calculator
Using our tool is simple; no prior or related experience is required. As you’ll see here, only a few inputs are required to determine the winning potential of your bet and to track your ROI. There are no limits to what bet types you can apply the tool to either. Whether it’s a single or combo/parlay/acca bet, we’ll crunch the numbers for you.
So, what do you get when you launch it? Here are all the fields to expect on our sports betting ROI calculator:
- Odds format:
Our betting profit calculator supports all the odds formats you may be working with, whether you prefer fractional, decimal, or American odds, you can pick your preferred format from the dropdown menu.
- Betting amount:
As the name implies, this is the amount you want to bet.
- Your probability of winning:
This is subjective, based on your analysis of the game; it’s basically your chances of winning the bet displayed in percentage form.
- Odds:
The odds your sportsbook offers for the outcome you’re backing.
- Implied probability:
How likely the outcome you’re wagering on will happen, as determined by the odds. We run the numbers and give an accurate figure displayed in percentage form.
- Winnings:
What you stand to receive should your bet be a winner, including your original stake.
- Return:
This is your return on investment, expressed as a percentage of your original bet. We arrive at the figure through the formula (Winnings – Betting Amount) / Betting Amount * 100%.
With all the fields clarified, here are the steps to using our bet return calculator. Start by identifying the outcome you want to back on your favorite or
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with lots of incentives, then open our calculator and:
- Select the odds format you’re working with
- Enter the amount you want to stake
- Input your estimated probability of winning
- Share the odds for the bet; they should be in the format you selected in step 1
- Click on the “Calculate” button to see the results
Our bet profit calculator displays results instantly. There’s no need to refresh the page to see the output. Overall, it helps you understand the potential profit relative to your stake, giving a clear picture of the risk you’re taking on.
Even better, you can use our betting ROI calculator to compare multiple bets and ultimately see which one is to your liking.
Example
Having illustrated what to expect when you launch our calculator, here’s a real-life example to bring it all together.
So, say you’re eying a tennis match between Rafael Nadal vs Novak Djokovic, with Djokovic to win at moneyline odds of +140 at sportsbook A (60% estimate probability of winning) and are working with a $120 stake.
Here are the key figures you’d table in our calculator and their outputs:
| Total stake | $120 |
| American odds | -140 |
| Decimal odds | 2.40 |
| Fractional odds | 7/5 |
| Implied probability | 41.67% |
| Total returns | $172.80 |
| Winnings (profit) | 52.80 (44% ROI) |
From the above, we can see that your total returns would stand at $172.80 if your bet was a winner—52.80 profit, a 44% ROI. The implied probability is also tallied at 41.67%; remember, this is obtained directly from the sportsbook’s odds. If you wish to get the fair, no-vig price, check out our no-vig calculator to get the answers.
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Bet return explained
Also known as ROI betting, this is a betting strategy that shows how much you potentially stand to win as well as your profit or return percentage should your bet be a winner. At its core, it’s a simple stratagem, but its role in showing whether the bet is worth your time and investment is one we can’t ignore.
Our bet profit calculator considers the betting odds you’re using regardless of their formats, whether American, decimal, or fractional, as detailed in this
betting odds explained
guide. And your stake to table the total return and potential profit. Besides the two, you get the much-important implied probability percentage.
This reflects the probability of your bet being a winner as estimated by the oddsmakers.
How to balance between potential profit and win probability
As you may have gathered, higher odds equate to better returns, but this also comes with the asterisk of a greater risk of losing as the implied probability takes a turn for the worst.
Let’s take the Rafael Nadal vs Novak Djokovic match up again. The sportsbook offered a tiebreak at odds of +1100. With a $120 stake, the results for this high return, the high risk bet would be as follows:
- Returns:
$864
- Winnings:
$744
- Implied probability:
8.33%
As tabled, the potential winnings are through the roof compared to your investment. Still, you have to contend with an 8.33% probability of winning, making it a risky bet that is likely to lose.
In contrast, backing Nadal to win, with odds of -130 and a stake of $120, our bet would net the following courtesy of the bet profit calculator:
- Returns:
$127.44
- Winnings:
$7
- Implied probability:
56.5%
So to say, we would net a profit of $7 at a 56.5% chance of winning. It would be correct to estimate that this is a closely contested match and the results could go either way. Also, the profits are much lower. Still, your winning chances are marginally higher compared to the former.
In a few words, it’s up to you to strike a balance between longshot bets and near “sure-bets” with limited profits.
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Why is this calculator useful
Our bet ROI calculator is a must-have for estimating the value of your bet. Here’s why and how it’s essential to your betting strategy:
It is key in finding value bets
By comparing your perceived probability of an outcome with the implied probability sourced from the sportsbook’s price, you can potentially identify value bets. For example, if you believe that an outcome is more likely to happen than the odds suggest, you’ve potentially found a value bet.
Helps assess your risk tolerance and bankroll size
The sports betting ROI calculator tables a clear picture of the potential profit relative to your outlay. Having assessed the risk your bet carries, you can decide how much to wager based on your tolerance and bet amount.
Objective decision-making
With our bet calculator, you remove emotions and subjectivity from your betting decision. So to say, your actions are more rational based on concrete data rather than gut feeling.
Compare multiple betting options
Even better, you can use our bet profit calculator to run various probable bets and identify one that works to your taste. There are no limits to the number of attempts you can run with our tool, and thus, it’s the ideal testing ground for all the bets you have in mind.
Excellent tool for learning
With our calculator, you get to learn more about how odds, probabilities, and potential returns correlate, effectively cultivating an analytical approach to your betting.
What other betting calculators are available
At thegruelingtruth.com, we’ve got many other betting tools, not just the bet return calculator. These include:
| Calculator | Description |
| Spread to moneyline converter | Use the moneyline converter to calculate the estimated value of a point spread bet. It allows you to spot better market prices and exploit them. |
| Betting odds converter | The betting odds converter allows you to change your American odds to their decimal or fractional equivalents and vice versa. |
| Tricast calculators | With our tricast calculator, you can determine the wager, returns, and likely profits expected from the trifecta bet you wish to place. |
| Odds value calculator | Based on the probability of an event occurring, this calculator will help you compute the value you’d expect from a bet. |
| Hold Calculator | Hold is how much your sportsbook is taking from your bets as a commission. Thus, with the hold calculator, you can determine the ideal betting site based on the commission charged per bet. |
| Hedging calculator | The hedging calculator helps you determine how much money you need to bet to get returns on your hedge bets. |
| Betting Odds Calculator | As the name implies, our calculator helps you calculate the potential payout of your bet based on the odds and outlay you’re willing to put down. |
| Parlay calculator | When placing a parlay bet, you need the parlay calculator to determine the total odds and payout for your parlay bet. |
The bet return calculator is yet another tool in your arsenal whose value cannot be underestimated when computing the potential ROI on your bets. After all, you also get metrics, such as the implied probability, that factor in your betting decision.
With these insights, you get to potentially avoid uncertainties and assess whether the bet is worth the bite. For even better results, we recommend using our return bet calculator in conjunction with the other tools we have available to inform your betting strategy.
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Bet return calculator FAQ
🤔 Does the bet return calculator accept American odds?
Yes, our bet return calculator accepts American odds. You can also switch to decimal or fractional odds per your preference.
🎯 Which outputs should I expect from a bet return calculator?
Our bet profit calculator tables key insights, such as the bet’s implied probability, the potential winnings you stand to make (cumulative), and the return on investment, which is the profit relative to your stake shown as a percentage.
🚀 How long does the bet return calculator take to provide the results?
A moment’s notice! Our betting ROI calculator returns the results instantly. Your only job is to feed in the stats for your bet and hit “Calculate.”
❓ How will I know a bet is worth considering?
Generally speaking, you can identify value bets by narrowing down on outcomes with a high implied probability of occurring. However, we must acknowledge that this is not a guarantee of your bet being a winner—rather, it is an estimate, and the actual results at the final whistle can differ.
