Working out odds on bets

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Calculate how much money you stand to win per wager with our betting odds calculator.

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Outcome — Specify how the selection fared. Dead Heat Outcome — If a photo is unable to determine the winner of a race you will win a proportion of your bet. Specify the number of places and the number of selections that tied. Place Odds — If betting each way, enter the reduction applied to the odds for selections that place. You can use this bet calculator or any of the following to calculate the eventual profits you could make when placing a bet on one of our selected best betting sites.

The way to calculate your earnings given your stake, the odds available and the bet type can vary enormously. Bets can include more complex schemes like each way and rule 4. Using a bet calculator assures you accuracy and simplicity while dealing with all these complex variables.

When using the bet calculator and calculating the returns and profits you can make, take a look at our list of best UK bookmaker offers. There are multiple factors and determine the returns from your bets: stake, odds and result.

The bet calculator works everything out for you instantly. To know more about our writers and our ranking method you can learn more about MyBettingSites. We have a Privacy Policy and Cookie Policy. By continuing to use this site, you are providing consent to it. We try hard to make sure that the site is up to date at all times. However, sometimes things happen beyond our control. Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet.

Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. What is a Bet Calculator? RULE 4 5p 10p 15p 20p 25p 30p 35p 40p 45p 50p 55p 60p 65p 70p 75p 80p 85p 90p. Where to place your bet? Be careful though, the more selections you add to your bet, the less percentage chance you have of that bet winning. Common accumulators can also go by the name of fourfold, fivefold, sixfold etc.

Okay, this is where things get a little more complicated. A lucky 15 bet is when you have four selections which consist of 15 separate bets. The break down of bets is as follows:. Just one winning selection guarantees a return but the more winners the more your bet returns. Use the bet calculator to see exactly how much your bet will return based on which of the selections have won. A trixie bet is a 'full cover' bet , which basically means it covers doubles and trebles involving three selections.

Similar to a trixie in that it's a full cover bet, this time 11 separate bets on four selections. Also known as a 'Super Yankee' , a Canadian bet consists of 26 separate bets on five selections.

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With this online betting odds calculator, you simply enter your stake and the lines for the bet you made to see your expected profit if you win. Gambling Problem? Call Gambler. William Hill. Betfred Sports. Fox Bet. Barstool Sportsbook. BetMGM Casino. Hollywood Casino.

Hard Rock Casino. Return The money you get back if you win. To Win The profit you make if you win. Save App to Phone. Super Bowl Special Offer. Get SB Bonus. Read about sportsbook bonuses : PointsBet promo code. WynnBet bonus code. Unibet bonus code. Sports betting odds profit calculator.

Online Odds Calculator. Odds Calculator. Summary With this online betting odds calculator, you simply enter your stake and the lines for the bet you made to see your expected profit if you win. Learn more about sports betting. Live bets Over Under Betting Explained Over under betting, also referred to as a totals bet, involves a wager made on the combined score of two teams in a game.

A sportsbook, such as Be Best Football Betting Apps If sports gamblers could sit down and create their own sport from scratch, it would probably look a lot like football. The quarters, the scoring, Furthermore, the odds on display never reflect the true probability of an event occurring or not occurring. The payoff on a win is always less than what one should have received if the odds had reflected the true chances. Science Daily. Journal of Gambling Studies.

Business Essentials. Trading Psychology. Wealth Management. Auto Loans. Your Money. Personal Finance. Your Practice. Popular Courses. Key Takeaways The three types of odds are fractional, decimal, and American. One type of odd can be converted into another and can also be expressed as an implied probability percentage. A key to assessing an interesting opportunity is to determine if the probability is higher than the implied probability reflected in the odds. The house always wins because the bookmaker's profit margin is also factored into the odds.

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You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. A Look at Casino Profitability. Auto Loans Car Loan Calculator.

Partner Links. Martingale System Definition The Martingale system is a system in which the dollar value of trades increases after losses, or position size increases with a smaller portfolio size. Monte Carlo Simulation Monte Carlo simulations are used to model the probability of different outcomes in a process that cannot easily be predicted. Ex-Post Risk Definition Ex-post risk is a risk measurement technique that uses historic returns to predict the risk associated with an investment in the future.

Dutch Book Theorem Definition Dutch Book Theorem is a type of probability theory that postulates profit opportunities will arise when inconsistent probabilities are assumed in a given context. Investopedia is part of the Dotdash publishing family.