Betting Odds Calculator

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Not sure how your wager will turn out? Use our betting odds calculator to see what a bet can payout. The odds calculator is the essential wagering tool. Easily figure out the risk versus reward of your wagers. Give it a try!

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Return

The money you get back if you win

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To Win

The profit you make if you win

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How to Use the Betting Odds Calculator

First time placing a bet? Our betting odds calculator can help! Of course, you need to know how it works first. Luckily, it’s super simple.

Basically, as you might imagine, this tool calculates betting odds. First, enter the amount you want to bet. Conversely, you could enter the odds on a certain matchup that you are seeing from legal PA sportsbooks. Either way, fill out the wagering amount and the odds. Then, the calculator will automatically show you what you can win. Plus, our betting odds calculator displays both the total return on your wager and the profit you get.

Granted, there are a few types of betting odds out there. This means you need to have a reasonable grasp of what odds are and how they work. Below, we run through the different types of odds.

Betting Odds Calculator

American Odds (Moneyline)

Generally speaking, American odds are perhaps better known as moneyline odds. With these odds, your financial return relates to one of two things: negative (-) and positive (+) odds.

So, negative odds – for example, -125 – mean you need wager $125 to win $100. Conversely, positive odds – let’s say +125 – mean you have to bet $100 to win $125. Simply put, positive odds show you what you win for every hundred bucks you wager, and negative odds show you how much to bet to get $100.

Let’s look at a more concrete example.

Say the Patriots are at +200 to beat the Falcons for Monday Night Football. This means for every $100 you bet, you win $200. Undeniably, American odds are the most straightforward.

American Odds Equation

Calculate your potential profits for (+) American odds bets with the following equation.

Profit = (Stake x Odds)/100

Profit = (Stake x Odds)/100

So, we’ll use the above equation and our previous example. If we bet a $100 stake, calculate what you will win from your wager:

Profit = ($100 x +200)/100

            = 20,000/100

           = $200

Profit = ($100 x +200)/100

Now, how do we calculate minus (-) odds for American odds bets? Basically, we calculate the odds for favorites. Again, negative odds show you how much to bet to win $100. So, now say the Patriots have -125 odds. This means that you have to bet $125 to win $100.

Profit = (Stake/Odds) x 100

Profit = (Stake/Odds) x 100

So, if you wager $100 on the Pats with -125 odds:

Profit = ($100/150) x 100

            = .66666667 x 100

           = $66.67

Profit = ($100/150) x 100

Remember, you need to know the odds for the bet you want to place, as well as how much you’re betting. Always bet with your head, not over it. It’s wise to pick an upper limit and stick to it. Don’t bet more than you can stand to lose.

Need help converting odds from other formats? Try our odds converter app.

Best Odds Providers

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FanDuel Sportsbook
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FanDuel New Sign Up Promotion

Sign up at FanDuel Sportsbook today and receive a $500 risk-free bet! That means if your first bet loses, FanDuel will reimburse you – up to $500! If applicable, the Promotion Bonus will be credited to your sportsbook account within seventy-two (72) hours of expiration of the Promotion Period. Bet with your head, not over it! Gambling problem? Call 1-800-GAMBLER.

Sign Up + Bet Now
Go to FanDuel
FanDuel New Sign Up Promotion : Sign up at FanDuel Sportsbook today and receive a $500 risk-free bet! That means if your first bet loses, FanDuel will reimburse you – up to $500! If applicable, the Promotion Bonus will be credited to your sportsbook account within seventy-two (72) hours of expiration of the Promotion Period. Bet with your head, not over it! Gambling problem? Call 1-800-GAMBLER.
DraftKings Sportsbook
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DraftKings Sportsbook

If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER (NJ, PA & WV), 1-800-9-WITH-IT (IN), or 1-800-BETS-OFF (IA). *21+. NJ/IN/WV/PA/IA only. Bonus comprised of a deposit bonus and a first bet match, each up to $500. A user’s first deposit (min. $5) qualifies the user to receive up to $500 in bonus funds in the form of site credits that can only be used on DraftKings. The deposit must be made while the user is physically located in IN, NJ, WV, or PA. Users physically located in NH are not eligible for this offer. Bonus amount is equal to 20% of that deposit amount, not to exceed $500 (the user must deposit $2,500 to be eligible to receive the maximum possible bonus amount of $500). Bonus funds will be awarded to the user according to the following play-through requirement: for every $25 played on DraftKings in DFS/Sportsbook/Casino, the user will receive $1 in bonus funds released into their player account (e.g., a $2,500 deposit requires a user to play through a cumulative total of $12,500 in daily fantasy contests, sportsbook (-300 odds or longer), casino products, or any combination thereof to receive the maximum possible bonus amount of $500). The play-through requirement must be met 90 days from the date of first deposit to receive maximum bonus. After such date, you are ineligible to earn any additional bonus funds as part of this promotion. User must not have made any deposit on any DraftKings products to be eligible for this deposit bonus. Limit one (1) deposit bonus per user. Promo ends 4/13/20. First bet matched up to $500. Free bet must be used within 30 days of first bet. Free bet amount is not included in any returns or winnings. Free bet is also not redeemable for cash, non-transferable, and non-refundable. First bet promo ends 4/13/20.

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Go to DraftKings
DraftKings Sportsbook: If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER (NJ, PA & WV), 1-800-9-WITH-IT (IN), or 1-800-BETS-OFF (IA). *21+. NJ/IN/WV/PA/IA only. Bonus comprised of a deposit bonus and a first bet match, each up to $500. A user’s first deposit (min. $5) qualifies the user to receive up to $500 in bonus funds in the form of site credits that can only be used on DraftKings. The deposit must be made while the user is physically located in IN, NJ, WV, or PA. Users physically located in NH are not eligible for this offer. Bonus amount is equal to 20% of that deposit amount, not to exceed $500 (the user must deposit $2,500 to be eligible to receive the maximum possible bonus amount of $500). Bonus funds will be awarded to the user according to the following play-through requirement: for every $25 played on DraftKings in DFS/Sportsbook/Casino, the user will receive $1 in bonus funds released into their player account (e.g., a $2,500 deposit requires a user to play through a cumulative total of $12,500 in daily fantasy contests, sportsbook (-300 odds or longer), casino products, or any combination thereof to receive the maximum possible bonus amount of $500). The play-through requirement must be met 90 days from the date of first deposit to receive maximum bonus. After such date, you are ineligible to earn any additional bonus funds as part of this promotion. User must not have made any deposit on any DraftKings products to be eligible for this deposit bonus. Limit one (1) deposit bonus per user. Promo ends 4/13/20. First bet matched up to $500. Free bet must be used within 30 days of first bet. Free bet amount is not included in any returns or winnings. Free bet is also not redeemable for cash, non-transferable, and non-refundable. First bet promo ends 4/13/20.
Unibet Sportsbook
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Unibet Sportsbook T&Cs

New players in PA only. Terms & Conditions apply, 21+.

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Go to Unibet Sportsbook
Unibet Sportsbook T&Cs: New players in PA only. Terms & Conditions apply, 21+.

Decimal Odds

Outside of the US, decimal odds are a popular way of displaying odds. Online sportsbooks like SugarHouse 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. This means that for every dollar you bet, you get your stake back plus 20 cents. Now, we support responsible betting, but let’s assume you’re wagering more than $1.

If you bet $100, you get $120: your $100 stake + $20 profit.

Below, the calculation is similar to, but not the same as, the American odds equation.

Profit = (Stake x Odds) – Stake

Profit = (Stake x Odds) – Stake

So, using $100 as the stake and the example above, that would look like:

Profit = (100 x 1.2) – 100

            = (120) – 100

           = 20

Profit = (100 x 1.2) – 100

That’s all there is to it. Not so tough, right?

Fractional Odds

Odds represented as fractions are much more common in European sportsbooks. That said, you may be the most familiar with odds in these terms. Ever said the chances of something was 50/50? That’s fractional odds.

These odds are most used for betting on horse racing in the UK. They represent the proportion you win based on your stake. So, let’s visit the Pats-Falcons game one more time.

If the Patriots have 5/3 odds to win, that means you get $5 for every $3 you bet.

To calculate fractional odds yourself, use the below equation.

Profit = (Stake/Denominator) x Numerator

Profit = (Stake/Denominator) x Numerator

So, with the above example and a $50 bet:

Profit = (50/3) x 5

            = (16.666667) x 5

           = $83.33

Profit = (50/3) x 5

We hope this guide helps you bet smarter. Again, always bet responsibly and never more than you can spare. Sports betting should be fun entertainment and improve your enjoyment of a game. Visit anytime to easily check your odds. The betting odds calculator is optimized for mobile so you can check on the go.