We use American style (-500), but you can choose Fractional (1/5) or Decimal (1.20). With our parlay calculator, you can select how you want your odds displayed. Video Poker Guide: Play the Best Online Video Poker GamesĬalculate Reset How To Use A Parlay Calculator.Each of the three odds can be converted into implied probability to help bettors evaluate betting value.

Implied probability represents the expected probability a bet has to win.

The potential profit is $100 and the total returned is $320 ($100 winning plus $220 stake). Negative figures: The odds state how much you have to bet to win $100 profit.įor example, if you see an odd of -220, you will have to bet $220 to win $100. Positive figures: The odds state how much you will win if you bet $100.įor example, if you bet $100 on an odd of +310, the potential profit would be $310 and the total returned would be $410 ($310 plus the $100 stake). Represent underdogs and negative odds represent favorites. It is important to pay attention to the + or - sign in front of the odds. They represent how much you will win (potential profit).įor example, if you bet $10 at an odds of 3/2 the potential profit is $15 ($10 * 3/2) and the total returned is $25 ($15 plus the $10 stake).ĭecimal represents how much money will be returned to you, including your stake (total returned).įor example, if you bet $10 at an odds of 3.5 the total returned is $35 ($10 * 3.5), but the potential profit is $25 ($10 * 3.5 minus the $10 stake).Īmerican odds are a whole different ball game. Generally, you want to place a bet if you believe the actual odds of an event occurring are greater than what the sportsbook believes.įractional odds are primarily used in the UK and Ireland. It is the probability implied by the odds that the sportsbook believes an event will occur. Implied probability is also an important stat for evaluating a bet. Sportsbooks use 3 methods for stating odds: Fractional, Decimal, and American

Implied odds calculator sports betting