The default wager is set at $100 but can be changed. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare. Odds that are written out as … College football moneyline betting is the simplest form of betting. Decimal odds are displayed as a number greater than one, usually with up to two decimal points (1.10, 1.90, 4.50, etc). For decimal odds of 2.00 or greater, the formula is as follows: (decimal odds - 1) * 100 = American odds. Odds of 7/2 will pay 3.5 times the bet amount, so for example, a $100 bet placed on 7/2 fractional odds will return $350 in profit. But if the smaller number is divided by the larger number – ie: 1/3 – then the odds will pay out less than the original bet risked. There are three popular methods of displaying odds at sports betting sites: American, Decimal and Fractional. This format expresses odds in the form of fractions such as 4/1, which would be pronounced “four-to-one.” Four-to-one odds means that you will earn $4 for every $1 that you s… Yes, our odds calculator shows the implied probability of winning your bet outright in an easy to read percentage. The way sports betting odds are presented can differ between American, Fractional, Decimal, and, while they all mean the same thing, understanding how they work with your wager can be tricky. Get the best sports betting information delivered straight to your inbox for free. For example, odds of 3/1 will pay three times (300 percent) the amount risked, so a bet of $100 would profit $300 if it wins. The runline is where the team you bet on must win by more than a … Negative odds - Firstly multiply the american odds by -1 and use the positive value in the following formula: american odds divided by (the american odds plus 100), multiplied by 100 to give a percentage e.g. Be sure to enter the minus sign (-) if applicable to your odds. When placing a parlay bet make sure to shop around and calculate the parlay with multiple sportsbooks as the odds and payout can vary greatly. Positive odds - 100 divided by (the american odds plus 100), multiplied by 100 to give a percentage e.g. Positive odds: what do they mean. By signing up for the Covers newsletter, you agree to receive electronic communications from Covers about our products and services, as well as other content that may be of interest to you. An easy way to think Fractional odds are displayed as a fraction (1/2 , 10/11, 12/1, etc). At +134 odds, a $100 wager would pay $134 in profit if the Bills won the game (for a total payout of $234). How do you convert decimal odds to fractional? To do step one, you have convert the odds to decimal odds. Moneyline odds are often referred to as American or US odds. A favorite at -140 moneyline odds means a $140 winning wager wins you $100 in profit. It indicates how much you will win based on the odds and total wagered. Use it as a point spread calculator, moneyline calculator and odds for other markets. See the parlay payout chart below to see how much a 2 team parlay pays versus what a 5 team parlay pays (typical of what you’ll see at most sportsbooks, so let the bettor beware if your book isn’t offering odds as least as good as these). We’ll be your moneyline calculator. To calculate a betting odds payout, first choose which odds format to use: American/moneyline odds, fractional/UK, or decimal/European. That way, you’ll know the exact amount you would win prior to placing any picks at your favorite sportsbook. Here is how the moneyline parlay is calculated: Convert the moneyline to decimal odds. Our odds converter allows you to convert between decimal, fractional and moneyline odds. This is simply a sort of betting odds calculator that takes the odds of different wagers and puts them together to determine the overall odds and the total amount of money you stand to win based on your bet. The formula to convert fractional odds to decimal is as follows: (numerator/denominator) + 1 = decimal odds. How do you convert decimal odds to American? If the larger number is being divided by the smaller number – ie: 3/1 – then the odds will pay out more than the original bet risked. Learn some of the essential Excel formulas that every sports bettor needs to help figure the odds and tracking your winning percentage. 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