• How To Calculate Multi Bet Odds

Simply enter the odds as well as your stake. The implied probability, as well as your profit and total payout will be shown instantly!

The Free Bet Calculator is the most advanced online sports bet calculator, allowing you to calculate the stake and profit for an extensive range of bets. All of the most popular bet types are supported, including Lucky 15, Single, Double, Accumulator, Patent and Round Robin, along with more specialised bets such as Alphabet, Magnificent 7, Union Jack, and the infamous Bookies Nightmare! The bet calculator allows you to input your stake & odds in American formats to quickly calculate the payout for your bets. Bet Amount Choose the amount of money you want to bet. How To Calculate Value Bets. Before we discuss the methods for developing a sense for betting value, let's first briefly discuss the concept of value betting itself. In particular, how to calculate value bets. What is a value bet? A value bet is simply a bet where the likelihood of a given outcome is greater than what the odds on offer reflect.

How to Calculate the Odds?

The mathematical concept of odds is related to, yet distinct from the concept of probabilities. In simple terms, odds are a way of expressing the relationship between the number of favorable outcomes in a given situation versus the number of unfavorable outcomes.

How to use the Odds Converter?

So to get the decimal odds you would calculate 230/130 = 1.77. For American odds with a positive value: Using odds of +150, you would wager $100 to win $150 so the total payout would be $250.

To use the converter, just enter a value into any field. It will automatically convert the odds into all other formats.

What are Decimal Odds?

• Common worldwide, but mostly used in Europe.
• Represents the total amount you will receive if you win, including the return of your stake.
• For example, if you bet €50 with odds of 2.35, you will receive €117.50 in total if you win.

What are Fractional Odds?

• Mainly used in the UK and in international horse racing. Becoming less popular online.
• It tells you the profit relative to your stake if you win your bets.
• For example, if you bet £50 with odds of 4/1, you will receive £200.00 profit if you win.

What are American Odds?

How To Calculate Multi Bet Odds

• Used by most US bookmakers.
• Based on a straight single bet (on a single outcome, without a points spread).
• If the moneyline is positive, the quoted amount is the amount you would win on a $100 bet.
• If it is negative, the amount quoted is what you would need to bet to win $100.
• If it is negative, the amount quoted is what you would need to bet to win $100.