Betting Odds Calculator: Convert Odds and Calculate Payouts

Aizat Chew
May 16, 2024
154 Views
betting odds calculator

In an article about betting odds, I gave formulas to calculate payouts and convert different odds formats. If you want to learn how to calculate it yourself, I refer you to that article. Below I have included calculators that will do it for you.

Betting Odds Calculator

Betting Payouts and Winnings Calculator

The mathematical formulas used in the calculators

Converting Between Odds Formats

To convert American Odds to Decimal Odds:

  • If the American Odds are positive: (American Odds / 100) + 1 = Decimal Odds
  • If the American Odds are negative: (100 / -American Odds) + 1 = Decimal Odds

To convert Decimal Odds to American Odds:

  • If the Decimal Odds are greater than 2: (Decimal Odds – 1) * 100 = Positive American Odds
  • If the Decimal Odds are less than 2: -100 / (Decimal Odds – 1) = Negative American Odds

To convert American Odds to Fractional Odds:

  • If the American Odds are positive: American Odds / 100 = Fractional Odds
  • If the American Odds are negative: 100 / -American Odds = Fractional Odds

Calculating Payouts and Winnings

For American Odds, if the odds are positive, the calculation is:

  • (Odds / 100) * Stake = Profit
  • Profit + Stake = Total Payout

If the American Odds are negative, the calculation is:

  • (100 / Odds) * Stake = Profit
  • Profit + Stake = Total Payout

For Decimal Odds, the calculation is simple:

  • Odds * Stake = Total Payout
  • Total Payout – Stake = Profit

For Fractional Odds, the calculation is:

  • (Numerator / Denominator) * Stake = Profit
  • Profit + Stake = Total Payout
Author Aizat Chew

My name is Aizat Chew. I specialize in sports betting and frequently share insights on my website regarding gambling companies, wagering strategies, and online casinos. I have prepared a guide to the world of gambling. Thanks to my enthusiasm and expertise, I strive to offer readers up-to-date details and top-notch recommendations.