Decimal betting odds of 2.40 therefore equate to American odds of +140, and you can use this betting odds calculator to quickly work that out. Using BMR’s betting odds and scores product, you might find odds of -160 on the Cincinnati Reds to beat the Pittsburgh Pirates, and +140 on the Pirates winning the game. This odds converter calculator allows sports bettors to quickly and accurately convert odds from one format to another. The odds are set based on the implied probability of the outcome, such as a horse winning a race, or a football player scoring a goal. With a -500 price (1.20 decimal or 1/5 fractional) your successful bet with a £100 stake gives you a £20 profit, so £120 total returns.
- This allows you to compare the bookmaker’s odds with the fair market odds.
- Extension D provides a table that shows the equivalence between ORs in the range 0 to 1 with those in the range 1 to infinity.
- For more information about betting exchanges and how to use them, visit our betting exchanges page.
- Anybody can use any of the betting calculators presented by OddsMonkey, as they are designed with simplicity and usability in mind.
- Opt in and bet up to £40 (min. £20) via mobile or app on any football (odds 1/1+) within 7 days of registration.
- Often, the Percentile format is used but it should be remembered that the percentiles are based only on the sample data.
The odds will instantly change, with 10/1 becoming 11.0 That’s 10x your stake and the initial payment returned. Suppose you bet on Haaland to score first in the Manchester Derby at 7.0 (equal to 6/1). That’s 10x your stake as well as your original £10 back. Odds with the highest number displayed first are known as odds-against, and 10/1 could be an outsider.
How to use the Bet Calculator
2/7 is an odds against price, meaning there is quite a high probability of winning according to the bookmaker and if ti wins you are going to make a much smaller profit. However decimal odds are becoming more popular with new bettors as they are easier to understand for those new to the environment. With origins in horse racing, fractional odds are by far the most dominant format to express prices in the UK & Ireland. In decimal prices the returned stake in a successful bet is ‘built into’ the odds. For European bookmakers, the most common format is decimal, where a price such as 3.00 represents the equivalent of the 2/1 fractional price.
Bookmaker Bonuses
Since these odds imply a 32% chance of winning, you’re unlikely to hit winners every time. But if you’re just guessing or backing long shots for fun, remember – 21/10 bets don’t land more often than they miss. This is where concepts like value betting come into play.
Understanding Betting Odds – Decimal Odds Explained
The daunting numbers can be broken probability calculator down easily when you understand what information you are being given in each format. All you need to know about how to read the odds. Use this calculator to work out the payout when you have only a single selection. Single Bet Calculator – In Canada and America, the most popular bet types are singles and parlays. Accumulator Calculator – In the UK, the parlay bet is known as an accumulator. The odds for that leg will be calculated as 1.0 when working out your returns.
As you can see, there is a free odds calculator on this page and it is quite intuitive so the process to use it is very straightforward. You’ll have to think long and hard about coming up with any disadvantages to using our odds calculator. Dive into English football betting with our refined betting tips.
