With our free betting calculator, you can find out how much you could win when you place a bet: just enter the odds and the amount you want to wager. The betting calculator will handle the rest. Try out this odds calculation software today!
What Is a Betting Odds Calculator?
In a nutshell, a betting odds calculator is a tool used to calculate the amount of a potential winning bet. If math isn’t your strong suit, it does the calculations for you: just enter the amount you want to wager (and the odds for your picks). The betting calculator will show you how much you’ll cash out and, more importantly, how much you’ll profit if you win. It’s an incredibly useful tool for understanding the relationship between odds, bets, and net profits: once you try it, you won’t want to be without it.
When Should You Use a Betting Calculator?
Just like odds comparison websites, a betting calculator proves useful whenever you're considering placing a bet. Using it will help you set your betting budget and estimate potential returns and profits: three essential parameters you can keep an eye on simultaneously. Moreover, the betting calculator allows you to plan your wagers thoughtfully.
- Currently unavailable
- 20 sports available
- Over 100 soccer markets
How to Use the Betting Calculator
Our free betting calculator is super easy to use. Simply select the type of bet you want to place from the dropdown menu on the left. Then, specify the number of selections and the odds format (decimal, fractional, or American). Enter the odds manually along with the amount you wish to stake. If the bet has already taken place, you can indicate which predictions were winners or losers. Below, you'll find three other boxes showing the total amount wagered, total return, and net profit, all calculated automatically and error-free by the odds calculator. Feel free to tweak the amount and odds to see how they affect your returns and profits. It’s that simple, right? Just have fun playing around with this betting odds calculator software!
The Benefits of a Betting Calculator
The advantages of using a betting odds calculator are numerous. It allows you to plan your bets in advance by quantifying potential returns and losses. In no time, you can compare potential winnings by adjusting the outcomes of your predictions, differentiate the types of bets, and understand the nuances. With just one tool, you can quickly respond to the fluctuations in odds and markets typical in live betting. Every serious bettor will appreciate the capabilities of this fantastic tool, which becomes even more valuable when used alongside the right betting strategies. Want an example? Check out our section on betting tips for Serie B.
- The betting calculator can be easily configured for different types of bets offered by various sportsbooks.
- The fields for entering data in the odds calculator are customizable, to accurately represent the bet you want to place.
- You can easily plan your future betting strategy by calculating potential profits based on the amounts involved.
Available Sports
You can use our odds calculator for all the sports bets featured on our site, which you can explore on our homepage dedicated to the best betting sites. The betting calculator is perfect for wagering on tennis or basketball betting sites, although soccer bets are by far the most popular. In general, it all depends on the type of bet: regardless of the sport, the potential of the betting calculator in estimating net profit is clear.
Understanding Betting Odds: How It Works
Calculating the odds is important because it allows us to determine how much we can win with our bet slip. Let’s use a practical example with the match between Roma and Bologna. Let's say the bookmaker offers a 60.6% chance for a Roma win (100/1.65), an 18.5% chance for Bologna (100/5.40), and a 25.6% chance for a draw (100/3.90). Now, we add up the probabilities and divide by 100, resulting in 1.047. At this point, to get the odds after the bookmaker's margin, we take the individual percentages and divide them by the total probabilities we just calculated. Therefore, we’ll have 57.87% for the win (1), 17.66% for the win (2), and 24.45% for the draw (X).
We are now ready to find the actual odds with this final calculation:
- 100/57.87 = 1.72 for a Roma win
- 100/17.66 = 5.66 for a Bologna win
- 100/24.45 = 4.08 for a draw
This betting calculation has shown us the difference between the odds offered by the bookmaker and the real odds. From this, calculating the payout for each market is quite simple. It’s important to note that the odds offered by bookmakers are typically lower. Why? To ensure a profit margin (even if small) from their juice.
If you’re new to betting and seeking greater confidence in winning with lower odds, remember that there are various bonus bookmakers offering promotions and deals on many events. This way, you can increase your potential payout without taking on more risk.
Types of Bets You Can Use With a Betting Odds Calculator
You can use our betting winnings calculator for many types of wagers. You can use the betting calculator for singles, doubles, and trebles. However, nothing stops us from using it for more complex bets: the odds calculator for the Trixie system, for example, allows you to place these wagers with greater insight. Jump to your favorite betting type by clicking below!
- Singles A single is a bet on one selection or market.
- Doubles A double is a bet made up of two selections.
- Trebles A treble is a bet made up of three selections.
- Trixie A Trixie is a system consisting of three selections.
- Dutching Dutching allows you to maximize profits with two bets.
- Multiples Multiples are bets made up of multiple selections.
- Patent A Patent is a system of 3 selections with 7 combinations.
- Yankee A Yankee is a system of 4 selections with 11 combinations.
- Lucky 15 A Lucky 15 is a system of 4 selections with 15 combinations.
- Lucky 31 A Lucky 31 is a system of 5 selections with 31 combinations.
- Lucky 63 A Lucky 63 is a system of 6 selections with 63 combinations.
- Super Yankee A Super Yankee is a system of 5 selections with 26 combinations.
- Heinz A Heinz is a system of 6 selections with 57 combinations.
- Super-Heinz A Super-Heinz is a system of 7 selections with 120 combinations.
- Goliath A Goliath is a system of 8 selections with 247 combinations.
- Alphabet An Alphabet is a system of 6 selections with 26 combinations.
FAQ
Still have questions about the betting calculator and the other insights covered in this guide? Check out our FAQ section below or reach out to us at info@sitiscommesse.com.
❓ How are betting odds calculated?
To calculate the actual betting odds, you simply start with the percentages and then subtract the bookmaker's margin. Mathematically, you can summarize it as "single odds in %" / "total probability in %/100". For a detailed explanation of all the steps, please refer to the section on calculating odds.
🏀 Can I use the odds calculator for basketball betting?
Absolutely! Our odds calculator can be used for all major sports you can bet on: from soccer to basketball, and including tennis, volleyball, as well as niche sports like skiing and biathlon.
➗ What is a sports betting odds calculator?
The sports betting odds calculator is a tool available to bettors for calculating the amount of a potential winning wager.
✔️ Why Should You Use a Betting Calculator?
The benefits of this tool are numerous and it can be tailored for every type of wager. It will allow you to plan your bets while getting a preview of your potential profits in advance.
