![]() Meaning the odds chance would be 0.60 / (1-0.60) = 0.60/0.40 = 1.5/1 or +150įortunately, the Pickswise Betting Odds Calculator takes care of all of this for you. Whereas the odds are defined as the probability that the event will occur divided by the probability that it will not occur.įor example, If the probability of an event is 0.60 (60%), then the probability that the event will not occur is 1-0.60 = 0.40, or 40%. ![]() Where they differ, is that the probability an event will occur is the fraction of times you expect to see that event in a number of trials. What Is A Probability To Odds Calculator?īoth probability and odds are a way of stating the chance of the occurrence or non-occurrence of a particular event. But simply just add your decimal odds into the calculator above, along with your stake and the Pickswise odds calculator will take care of the rest. Anything above 2.00 means it’s a plus-money underdog. 2.00 means the odds are +100 in American odds, because you’d be betting $1, winning $1 in profit, and getting back $2 total. That means you’d make $47.5 profit in that scenario. You just multiply 1.95 times 50, and get $97.5. Say the decimal odds are 1.95, and you want to know how much you’d make if you bet $50. So you’d only be making 98 cents profit in that scenario. If the decimal odds are 1.98, that means you’ll get back $1.98 total if you bet $1. That’s not all profit though, that includes your stake. Whatever the number is, that’s how much you’ll get back for every $1 you bet. How To Calculate Decimal Odds Payoutsĭecimal odds are easy to calculate. But simply just add your fractional odds into the calculator above, along with your stake and the Pickswise odds calculator will take care of the rest. If you’re looking to wager $50 and see 7/2, you would just multiply $50 by 3.5, which means you would win $175 if the bet cashes. 7/2 = 3.5, so you just multiply whatever you want to bet by 3.5. You just take the fraction, do the division, and then multiply it by the wager amount. From there, you can just do the math to extrapolate for any wager amount. If a horse has fractional odds ofħ/2, that means you would need to bet $2 to win $7. Like we just broke down, it’s the amount you’d win as the numerator, with the amount you’re betting as the denominator. How To Calculate Fractional Odds Payoutsįractional betting odds are easy to calculate. But simply just add your american odds into the calculator above, along with your stake and the Pickswise odds calculator will take care of the rest. Just like how you’d have to wager $220 to win $100 on a -220 favorite, you’d wager $22 to win $10. To find out what it means for smaller numbers, you simply do the division proportionally. If a team is +175, that means you’d win $175 if you bet $100 and your bet cashes. If a team is -220 on the money line, that means you’d need to wager $220 to win $100. When American odds start with a ‘+’, they’re telling you how much you’ll win if you *wager* $100. When American odds start with a ‘-‘, they’re telling you how much you have to wager to *win* $100. The way American odds are formatted are to be based around the number 100. These odds are then multiplied by the bettor’s stake, which is how much they wish to wager, to calculate your total payout, along with the profit of the bet, which is simply the payout minus the total stake. Sports bets are given odds, which are based on the probability of something happening or not happening, this can be a team to win a match, or a whole host of other types of bet. To check the payout of a different bet, just hit the reset button at the bottom and follow the same steps above again.The calculator will instantly calculate your potential winnings and payout. Secondly you must add the odds of your pick into the box of your preferred odds format, with American, Fractional or Decimal options all available.First add your bet stake into the top box where it states ‘Bet Amount’.A quick two-step process to calculate your potential winnings and payout for any bet, using any form of odds. Using the Pickswise betting odds calculator couldn’t be more simple.
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