If we bet a $100 stake, calculate what you will win from your wager: Profit = ($100 x +200)/100 = 20,000/100 = $200. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. So if you need to bone up on the basics of racetrack betting you are in the right place. There are may different polyhedral die included, so you can explore the probability of a 20 sided die as well as that of a regular cubic die. To calculate the exact odds on your horse, just subtract the take from the total pool, then subtract the amount bet on your horse to give you the amount of cash to be paid out. Enter your stake, bet type, odds (fractional or decimal), place terms (if applicable) and then hit the calculate button. A winner at 5-2 means that will pay $5 profit for every $2 wagered. You would get your initial $100 back plus your winnings of $83.33. Decimals quote the potential return should the bet succeed, relative to the stake. Win payouts are based on a $2 wager. The most comprehensive and reliable bet calculator. You’ll see that you’d get a payout of $183.33. Catering to all experience levels our aim is simply to empower bettors to become more knowledgeable. overflow: hidden; .written-content-page #main { Your payout is calculated by subtracting the amount of winning dollars from the total pool, then dividing the remaining pool by the amount of cash bet on the winner, and finally adding back in the winning bet … For a horse to Win, it must finish in the first position. All of the most popular bet types are supported, including Lucky 15, Single, Double, Accumulator, Patent and Round Robin, along with more specialised bets such as Alphabet, Magnificent 7, Union Jack, and the infamous Bookies Nightmare! You can bet OVER or UNDER the oddsmaker’s line of 30.5 points for The Beard. Totals or OVER/UNDER betting is when you wager on the combined score of the two teams competing in any given game, and whether the total will be OVER or UNDER the sportsbook’s prediction. Live betting lets you wager while the game is going on, for instance to bet on who will score next. A positive number shows how much profit a winning wager of $100 would make, while a negative number shows how much needs to be staked to win $100. The math underlying odds and gambling can help determine whether a wager is worth pursuing. So, now say the Patriots have -125 odds. Now, how do we calculate minus (-) odds for American odds bets? A parlay is a single bet that links together two or more individual wagers for a high payout. Add Odds for Multiples. Positive Figures (+): The odds state the winnings on a $100 bet. This calculator will convert "odds for winning" an event or "odds against winning" an event into percentage chances of both winning and losing. You would get your initial $100 back plus your winnings of $100. So, just evaluate the odds, and play a game! And Fractional odds are the ratio of the amount of money (profit) won to the amount of money wagered. Many experts consider playing a horse to Win to be the best bet in horse racing. Work out potential winnings for any type of bet or check winning bets have been settled correctly with our bet calculator. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. You’ll see how much money you’ll win, and the total payout you’d receive. Take a look at the Win Bet Payout Table below to find out the minimum win bet payouts depending on the post time odds of a horse. It might be one of the most basic calculations in betting but using the Bet Calculator above will help bettors enhance their understanding of what betting odds represent and what it means for their bet. If you bet on the Celtics, they would need to win outright or lose by three points or less for you to win your bet. Gambling can be addictive. What is an odds calculator? Again, negative odds show you how much to bet to win $100. The craps payout chart below shows various payout statistics such as what kind of craps bets, true odds, payout odds and the total house edge after everything has been calculated through. The moneyline is one of the most common bets. OddsShark does not target an audience under the age of 18. However, parlays (more than one bet on a ticket) have a separate betting calculator for more intricate wagers, which allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet. If you bet UNDER 30.5 and Harden scores 30 points or less, your bet wins. There are plenty of books on that subject and it is something I know almost nothing about. When successful, it offers greater returns to the investor since it links up many events for a higher payout. Copyright © 2008-2020 OddsShark. In a winning case scenario of a £10 single bet, you would win £350 (£10 x 35). If he scores more, your bet loses. We set the bet amount to $100, but you can enter any amount you want as long as your bankroll can handle it. Decimal odds represent the amount of money you win for every $1 bet. Below is an explanation on how to bet on sports by using our betting odds calculator to get all the data you need to make the right wagers! Enter the Stake and Odds for your bet and the Bet Calculator will automatically calculate the Payout. You would pick the team below you believe is going to hoist the Larry O’Brien Championship Trophy, and enter their odds in the American Odds section. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. Using this information to contravene any law or statute is prohibited. See what your total payout and winnings will be. That’s because this wager pays off a different amount based on where the horse finishes. If you bet on the Knicks, then they would have to win by four points or more. The dice probability calculator is a great tool if you want to estimate the dice roll probability over numerous variants. Multiply the Tote-Board odds times $2 and then add the $2 wager back. Before placing a Win bet a horseplayer can see the odds on the tote board and then determine if those odds represent good wagering value. How to use the calculator. Going About the Payout The most important thing about horse racing betting is the payouts, for at the end of the day its not enough to pick the right horse, but also wager on the right horse, meaning that a punter realizes when a horse is short priced or shows a decent price as a favorite and places a wager on that horse in order to collect bigger payouts. Select a bet type in the right column. At betting sites, Totals bets would look something like this: You would type -110 in the American Odds section to see how much you’d win based on the amount wagered. The amount that is set by the oddsmakers is based on how they foresee a game unfolding from a scoring perspective. Online sports betting from Pinnacle bookmakers – your premier international sportsbook © 2004–2020 Pinnacle, Convert odds easily between common formats. Our Calculator supports all major formats: most betting sites offer each odds option odds bets, your! If they win the race the $ 2 wagered do we calculate minus ( )! 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