The Moneyline shows either how much you stand to win on a $100 bet (if the Moneyline is positive) or how much you need to bet to win $100 (if the Moneyline is negative).įor example, +500 in Moneyline Odds mean that you stand to win $500 on a $100 bet, while -500 means that you need to bet $500 to win $100 on your bet. Moneyline Odds (also known as American Odds) are still used by bookmakers in the United States. What are Fractional Odds?įractional Odds (also known as Traditional or British Odds) were once used all around the world and remain popular in the United Kingdom, but in Australia they have generally been replaced by Decimal Odds.įractional Odds show you the profit that you will receive on your stake.For example, 5/1 in Fractional Odds mean that you stand to win $5 for every $1 you bet as long as your selection is successful. In addition, there is also the combined sports betting. Next you press the calculate button, the implied probability as well as your profit and total payout will be showed instantly! Odds Calculator – How does it work for the Decimal format?ĭecimal Odds are now the most common odds format in the world and is used by the majority of bookmakers in Australia.ĭecimal Odds show you the return that you will receive on your stake.įor example, 5.00 decimal odds mean that you stand to receive $5 back for every $1 you bet as long your selection is successful. By means of this system, we will be able to calculate the values of loss and profit for any type of bet. Once you have made your selection, simply enter the odds as well as your stake and then press the calculate button. Using the example above, the EV of our bet would be 5 using the no vig fair odds from the sharpest sportsbook in the world: 50 x 110 - 50 x 100. This is the formula in the OddsJam sports betting expected value calculator.
There are a number of betting calculators. The formula for expected value (fair win probability) x (profit if win) - (fair loss probability) x (stake). All you need to do is select either Decimal odds, Fractional odds or Moneyline odds by clicking on their tab at the top of the calculator. A bet calculator is an essential tool for sports and horse racing bettors that have ambitions of being successful. Photo by BeforeYouBetThe Ladbrokes Betting Calculator could not be any easier to use. The vast landscape of sports betting can be tricky to navigate, with such a wide array of different sports and betting.
Decimal Odds are commonly expressed in Australia and the UK.