How Much Would I Win If I Bet

  



Below are the three main formats used for expressing betting odds.

Cheltenham ResultsCheltenham Free Bets. HomeBet Calculator. Free Bet Calculator - Working out the Odds. Our bet calculator will take all the messy calculations away from finding out how much you have won on your bets. If it is a football bet calculator or a lucky 15 or each way betting calculator you want, this does it all. If we bet a $100 stake, calculate what you will win from your wager: Profit = ($100 x +200)/100 = 20,000/100 = $200. Profit = ($100 x +200)/100. Now, how do we calculate minus (-) odds for American odds bets? Basically, we calculate the odds for favorites. Again, negative odds show you how much to bet to win $100. So, now say the Patriots have -125 odds. The place terms for your bet include, the number of places the bookmaker will pay out on, and the fraction of the odds you will get if the horse does place. Usually 1/4 or 1/5. In each-way betting, if your horse wins, you will win both the ‘win’ and ‘place’ parts of your bet. Your net win is $135 for your $20 Horn bet. Keep in mind that the Horn is a terrible bet in terms of house advantage, which is about 12.5% (that’s huge!). The true odds for the 3 or 11 are 17:1 (i.e., 2 ways to roll either a 3 or 11, and 34 ways to roll anything else, which reduces down to 17:1), but the casino payoff is only 15:1 when you win. Positive moneyline odds show how much profit a winning bet of $100 would make. So if you saw odds of +150 you would know that a $100 wager could win you $150. In addition to that, you’d also get your stake back, for a total return of $250. Here are some more examples, showing the total potential return.

  • Decimal
  • Moneyline (or American)
  • Fractional

Most likely, you’ll come across all of these formats when playing online. Some sites let you choose your format, but some don’t. This is why knowing all of them is extremely beneficial.

This is the format most commonly used by betting sites, with the possible exception of sites that have a predominantly American customer base. This is probably because it is the simplest of the three formats. Decimal odds, which are usually displayed using two decimal places, show exactly how much a winning wager will return per unit staked.

Here are some examples. Remember, the total return includes the initial stake.

The calculation required to work out the potential return when using decimal odds is very simple.

Stake x Odds = Potential Returns

In order to work out the potential profit just subtract one from the odds.

Using the decimal format is as easy as that, which is why most betting sites stick with it. Note that 2.00 is the equivalent of even money. Anything higher than 2.00 is odds against, and anything lower is odds on.

Moneyline/American

Moneyline odds, also known as American odds, are used primarily in the United States. Yes, the United States always has to be different. Surprise, surprise. This format of odds is a little more complicated to understand, but you’ll catch on in no time.

Moneyline odds can be either positive (the relevant number will be preceded by a + sign) or negative (the relevant number will be preceded by a – sign).

Positive moneyline odds show how much profit a winning bet of $100 would make. So if you saw odds of +150 you would know that a $100 wager could win you $150. In addition to that, you’d also get your stake back, for a total return of $250. Here are some more examples, showing the total potential return.

Bet

How Much Would I Win If I Bet 100 On The Chiefs

Negative moneyline odds show how much you need to bet to make a $100 profit. So if you saw odds of -120 you would know that a wager of $120 could win you $100. Again you would get your stake back, for a total return of $220. To further clarify this concept, look at these additional examples.

The easiest way to calculate potential returns from moneyline odds is to use the following formula when they are positive.

If you want to know the total potential return, simply add your stake to the result.

For negative moneyline odds, the following formula is required.

Stake / (Odds/100) = Potential Profit

Again, simply add your stake to the result for the total potential return.

How Much Would I Win If I Bet On The Bucs

Note: the equivalent of even money in this format is +100. When a wager is odds against, positive numbers are used. When a wager is odds on, negative numbers are used.

Fractional odds are most commonly used in the United Kingdom, where they are used by bookmaking shops and on course bookies at horse racing tracks. This format is slowly being replaced by the decimal format though.

How Much Would I Win If I Bet On The Buccaneers

Here are some simple examples of fractional odds.

  • 2/1 (which is said to as two to one)
  • 10/1 (ten to one)
  • 10/1 (ten to one)

And now some slightly more complicated examples.

  • 7/4 (seven to four)
  • 5/2 (five to two)
  • 15/8 (fifteen to eight)

These examples are all odds against. The following are some examples of odds on.

  • 1/2 (two to one on)
  • 10/11 (eleven to ten on)
  • 4/6 (six to four on)

Note that even money is technically expressed as 1/1, but is typically referred to simply as “evens.”

Working out returns can be overwhelming at first, but don’t worry. You WILL master this process with enough practice. Each fraction shows how much profit you stand to make on a winning wager, but it’s up to you to add in your initial stake.

How Much Would I Win If I Bet 1000 On Tampa Bay

The following calculation is used, where “a” is the first number in the fraction and “b” is the second.

How Much Would I Win If I Bet $10 On Roulette Green

Some people prefer to convert fractional odds into decimal odds before calculating payouts. To do this you just divide the first number by the second number and add one. So 5/2 in decimal odds would be 3.5,6/1 would be 7.0 and so on.