#Sports calculator odds how to#
#Sports calculator odds plus#
#Sports calculator odds free#

#Sports calculator odds plus#

Payout = profit plus the amount you wager.To convert positive moneyline odds to decimal odds, divide the positive moneyline by 100, and add 1, as shown below: The easiest way to calculate a parlay payout is to first convert moneyline odds to decimal odds.

#Sports calculator odds how to#

Now that we understand how to calculate individual moneyline profits, we need just a few more steps in order to calculate a parlay payout. Remember also that, if you win your bet, in addition to your profit, you will get your wager back. To calculate your friendвЂ™s profit for his/her bet on FC Barcelona, divide 100 by the moneyline and multiply by $50, as follows. To calculate your profit for your bet on the U16 team, divide $125 by 100, and multiple by the moneyline, as follows. Also, suppose your friend, a more risk averse individual, wants to bet $50 on FC Barcelona. Suppose you have good information that the U16 team will provide a tough showing for FC Barcelona, so you plan on making a $125 bet on the U16 team. FC Barcelona is going head to head with a U16 football team, and the moneyline odds are as follows: The formula for any size bet is shown below: If you bet $100 on the U16 team, you would get paid out $2,800 in profit. The underdog odds show you at face value how much you would get paid out in profit based on the size of a $100 wager. Remember, the underdog moneyline odds will have the plus sign in front. LetвЂ™s start with calculating the underdog profit, as itвЂ™s a little more intuitive. The number shows the extent to which that person or team is the favorite or underdog, and it indicates the profit in accordance with your bet. The minus sign indicates the favorite, and the plus sign indicates the underdog.

There are two parts two each moneyline: the plus or minus sign, and a number. Here is an example of how the book might show this particular matchup. The odds help even the playing field, so to say. If a book lets you bet both sides evenly, it would make sense to always bet for FC Barcelona, as they would be the heavy favorites. Imagine FC Barcelona is playing against a U16 football team (a team composed of individuals under 16 years of age). A moneyline bet is simply a wager on who or what team will win an event, and the odds will show you who is in favor to win.

#Sports calculator odds free#

If you have questions about this arbitrage calculator or the Arbitrage Betting Tool, feel free to send us an email at Our Arbitrage page has an automatic arbitrage calculator built in, so you can quickly pull up current arbitrage opportunities and determine exactly how much to get on each side before the lines, or odds, change.How to Calculate Individual Moneyline Profits:ДЇirst, in order to understand how to calculate parlays, we must understand individual moneyline bets. It doesn't matter whether you are betting $50 or $500, our arbitrage calculator will show you exactly how much money you will earn with each arbitrage opportunity. You input how much money you are willing to wager on one side, and we show you exactly how much you need to bet on the other side to keep your profit constant. If you enter the Odds for any two-way market in the hedge bet calculator to the left, it will work out if there is an arbitrage opportunity and tell you how much you need to stake in order to guarantee a profit. When these odds get 'out of sync,' arbitrage can exist, which allows you to hedge your bets for a profit. Arbitrage exists because bookmakers set their odds independently in other words, the odds on Fanduel are not the same as the odds on DraftKings. You can read more about arbitrage betting in the linked blog post above, which contains an example of a profitable hedge bet.

A sports betting arbitrage calculator, or hedge bet calculator, shows you how to hedge a bet for a profit and lock in a risk free return. It involves placing proportional bets on every possible outcome of an event (with different bookmakers) so regardless of what happens, you will make a profit. arbitrage).ДЄrbitrage betting, or hedging a bet for a profit, is a risk-free approach to betting that guarantees a profit. Hedge bet calculators are critical in sports betting, as they show you how to reduce risk or guarantee a risk free profit (e.g. $0.00 How to Use an Arbitrage & Hedge Bet Calculator