Mike Goodpaster
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Last Updated on 09/23/2022
Fact checked by: Mark Lewis
Table of Content
What is a betting odds calculator?
If we start with the basics, odds calculators like ours are designed to help you understand your bet’s outcome and determine how much you will receive if your bet is successful.
- A betting odds calculator such as ours will first require you to input the bet type you plan to make. Of course, it’s better to use betting calculators before you actually make a bet, but you can also use them after you’ve already made a bet as well to see if there’s any hope.
- There are loads of different bet types, and our betting odds calculator knows them all. All you need to do to start the calculation process is enter the bet type. Then, you need to add the odds on your bet plus the stake you’ve placed on it. It really is that easy!
- Our nifty betting odds calculator comes in handy when you want to know what the payout will be. Still, you don’t want to or don’t have time to do several individual calculations on a traditional calculator.
- Our bet calculator can be used on any bet where odds are a key role-playing factor. In essence, it makes it a handy bet payout calculator and sportsbetting odds calculator, as many of the relevant betting types are used for sports betting.
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Why you need our betting odds calculator
Our betting odds calculator can pull the most accurate outcome right out of a hat if you input the correct details and works great as a sports betting odds calculator. Let’s look at two main reasons you need an odds betting calculator.
Make solid wagering decisions in an instant
Indeed, the odds are not all you need to know about betting, but it’s definitely a focal point and deciding factor when you have to say “yay” or “nay” to placing a specific bet.
To bet responsibly and prudently, it’s crucial for the punter to accurately understand the probability of the bet they want to place. There is no better way to find out than using good old math in the form of a bet calculator.
You’ll not only be able to get your answers almost instantly but using our betting odds calculator is perfect for situations where you’re doing live betting and dealing with dynamic odds. It just gives you that competitive edge to make quick, informed decisions on the fly every time there is a change.
Thus, using our bet calculator can instantly tell you whether placing a specific bet is worth it or help you to stay updated during live betting or streaming when the odds are dynamic.
Doing more complex calculations like odds conversions is a no-brainer
The absolute best part of our betting odds calculator is that it can convert the different odds formats, saving you loads of time and potential frustration.
It takes whatever version of the odds your input and changes it to the version you want it to be in, if you wish to change from Fractional to American, from American to Decimal, or any other way — the odds converter built into our betting calculator will do this for you in an instant.
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Why you need to use our betting odds calculator
- When it comes to sports betting, there will always be odds involved. Whether you want to convert the format of the odds or just do a straightforward probability calculation, you’re going to need our bet calculator to be faster than the next person.
- One of the most common and valuable reasons to use our bet calculator is because switching between American, decimal, and fractional odds can be such a pain. This is also what makes our bet calculator a fantastic sports betting odds calculator, as these odds formats are commonly associated with sports betting.
- If you’re an experienced bettor, you know that the odds format conundrum comes up once too often when you’re in a hurry to place a bet and need to make a quick switch. Additionally, our betting odds calculator does this for you along with the whole process of determining the probability.
Top tips while using our calculator for the first time
Other calculators we offer
Parlay calculator
Our parlay calculator allows you to input the individual odds for each leg of your parlay bet to calculate the payout of the constructed wager quickly and effectively.
Odds value calculator
Our odds value calculator is also known as the EV (expected value) calculator. This betting odds converter has some similar functions to the odds betting calculator as it assists the bettor in finding a bet’s anticipated value based on the odds provided.
Hedging calculator
Our hedging calculator is a brilliant tool you can use to work out how much you’re required to back or lay to either reduce your loss or guarantee a profit from a specific bet. Whether the bet wins or loses, that ultimately leaves you with either equal profit or loss within a particular market and across all selections.
Spread to Moneyline converter
Our spread to Moneyline Converter is a convenient tool you can use to find those weak Monelines among all the offers from betting operators, which will usually be sportsbooks. Ultimately, it allows you to view the estimated Moneyline for specific points spread, which helps you make an informed choice.
Tricast bet calculator
The tricast bet calculator is used on a Tricast bet or a Trifecta, which refers to a horse racing bet. You can use our tricast bet calculator to calculate the stake, returns, and profit probability of a specific tricast bet.
Sports betting hold calculator
Our sports betting hold calculator can give you the hold percentage quickly and accurately. The hold percentage is the margin a sportsbook takes on both sides of a game. If you’re able to calculate the hold, you are in a fantastic position as you can now establish what percentage of the time you need to be correct on a specific bet to generate long-term earnings from it.
Conclusion: Our bet calculator will change the way you play
A bet calculator is now a must if you want to make several different calculations, or even just one, to have more clarity about your position before, during, or even after placing a bet.
If you’re a regular and more serious bettor, our betting odds calculator comes highly recommended as it does the math for you in seconds.
Every second is crucial when you’re in the game, and having a partner that can show you accurate probabilities and make your odds comparisons for you within seconds puts you two steps ahead of the game.
Our favorite operators
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****** DraftKings Bonus Code
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Betting odds calculator FAQ
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