For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. The implied probability of -160 odds is a 61.54% chance of winning.
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Betting Odds Calculator. A betting odds calculator and converter multiplies the stake by the odds to determine the potential profit on your sports betting wagers. Simply enter your stakes and odds, and our tools will tell you how much profit you should expect to receive using American, fractional or decimal odds.
In this case, the number represents the total amount of PROFIT that you would realize if you bet on the Lions and they won. So, in this case, you would realize a total profit of $160 if you bet $100 on the Lions at +160. Again - American, decimal and fractional odds all tell the same story, just expressed differently.
On the other hand, a gambler backing Manchester United, who have odds of 1/5, will see a payout of just $1 for every $5 bet. That means a total payout of $6 for someone betting $5. Bournemouth 5/1. Manchester United 1/5. You Bet $20 on Bournemouth. You Win $100 (20 x 5=100) You also get your $20 bet back.
Betting Odds Converter. The betting odds calculator tool allows you to enter your odds in American, Decimal, or Fractional formats & translate them into the format you want.
Outside of the US, decimal odds are a popular way of displaying odds. Online sportsbooks like FanDuel Sportsbook often offer decimal odds as an option. Decimal odds give you how much money you win if you bet just a dollar. Let’s take a similar example to the one above. Rivers Sportsbook is offering 1.20 odds on the Pats to beat the Falcons ...
A bet can be broken down into two elements; the Stake - how much you risk, and the Payout - your potential return including your Stake. The most common type of bet is a single, but bettors can combine different bets into one and place a multiple bet - this can be a double, treble or any other multiple (four or more bets in one).
How to Bet on Football Online. If you currently live in a state where online sports betting is legal, placing bets is quite easy. So, start learning how to read football odds quickly. Before anything else, you should start checking out our top-rated online sportsbook depending on your state.