The world of sports betting is full of calculations and numbers. Before you begin, you most probably want to research the teams, players, or horses involved in the match you’re about to bet on. Then, you browse the various events, markets, and bookmakers available to choose the one you feel offers the best chances of winning.
Once you’ve selected your betting site, it’s time to calculate the odds of your chosen bet and how much you stand to win. When placing a single bet, this may not be much of an issue – you take your odds and wager and see how you fare. However, when placing multiple bets (accumulators) or betting on complex markets such as goal lines, calculating the odds of your bet can be difficult.
That’s where our free betting calculators come into play. With them, you can quickly and easily calculate the potential returns of any bet in any format. Whether it’s a single, double or treble, or accumulator with up to 15 selections – our calculator will provide you with quick and accurate information about what you stand to win. So go ahead and give it a try!
Odds Calculator
Parlay Calculator
A parlay allows you to combine multiple bets into one. Our online parlay calculator allows to calculate your potential winnings from your picks.
Betting ROI Calculator
Betting Yield Calculator
Our Sports Betting Yield Calculator can help you determine your potential profits. Easily monitor your betting success and make informed selections.
Why Use a Betting Calculator?
Betting calculators are essential tools for any serious punter. They help you calculate the potential returns on any bet and can be used to manage risk and maximise profit.
They are also useful for helping you decide how much to wager. Knowing the probability of success, the potential return, and the risk associated with any bet is essential for planning a successful betting strategy.
A betting calculator can also help you compare the odds between different sportsbooks that use different formats, such as American, decimal, or fractional. This can be especially useful when betting on international sports events where the odds may vary significantly.
Overall, a betting calculator is a useful tool for any bettor, whether you are a beginner or an experienced punter. It can help you make more informed decisions, save time, and minimise your risk.
How Are Bets Calculated?
When calculating potential returns on a bet, the basic formula is simple – multiply the stake by the odds. So if you were betting £10 at odds of 4/1, your potential return would be £40.
However, this formula only applies to single bets. For multiple selections (such as accumulators), the calculation becomes more complex. To calculate the expected return of an accumulator with multiple selections, you must multiply each selection’s stake and odds together and then add them all up – which often results in a complex equation.
This can be time-consuming and tedious work, especially when dealing with many selections. That’s why our free betting calculators are so useful – they do all the hard work for you!
Types of Odds
Before you can use any betting calculator, it’s important to understand the different types of odds available. Different sportsbooks and gambling sites use different formats to display their odds – so make sure you know which format is being used before using a betting calculator.
The three most common types of odds are American (also known as moneyline), decimal and fractional.
- American Odds – express the probability of an event happening in terms of 100 (e.g., +150 or -200). A plus sign (+) indicates the event is unlikely to happen, while a minus (-) sign indicates it is more probable that the event will occur.
- Decimal Odds: – express the potential return on a bet in terms of whole numbers (e.g., 2.00 or 3.50). The higher the number, the less likely it is for an event to occur – but also, the greater your potential return if it does happen!
- Fractional Odds: – very straightforward; they express how much money you stand to win compared to how much money you put on stake (e.g., 4/1 or 5/2). The lower number is your stake, and the higher number is your potential return.
Our free betting calculators support all three of these formats, so you can easily calculate the potential returns of any bet in any format and convert them into any other format you may need.
Parlay Bets
Parlay bets are a type of bet that involve multiple selections. They can be used to combine different events, teams, or even sports into one bet, and the potential returns can be very lucrative if all your selections win.
Needless to say, this makes calculating accurate odds a difficult task – which is where our parlay calculator comes in. With it, you can quickly and easily calculate the expected return of any parlay bet in just a few clicks.
Let’s say you’re betting on football (soccer) matches, and you want to place an accumulated bet on 15 different matches. Here’s how your bet slip might look:
- Manchester United to win against Chelsea
- Arsenal to win against Liverpool
- Tottenham to win against West Ham
- Manchester City to win against Everton
- Barcelona to win against Real Madrid
- Paris Saint-Germain to win against Marseille
- Juventus to win against Inter Milan
- Bayern Munich to win against Borussia Dortmund
- Atletico Madrid to win against Sevilla
- AC Milan to win against Lazio
- Lyon to win against AS Monaco
- RB Leipzig to win against Bayer Leverkusen
- Napoli to win against AS Roma
- Ajax to win against PSV Eindhoven
- Porto to win against Benfica
In an accumulated bet, all of the selections have to be correct in order to win. If just one selection is wrong, the entire bet is lost. The odds for each individual selection will be multiplied together to give the overall odds for the bet. So if each selection has odds of 2.0, the overall odds for the bet would be 2.0 to the power of 15, which equals 32,768.
Remember, accumulated bets can be risky because the more selections you add, the harder it is to get them all right. But if you do win, the payout can be very rewarding. So if you’re looking to place a parlay bet and want to know the potential return, our calculator has you covered. Give it a try today!
