Sports Betting Odds Payout Calculator

Betting

  • Bet Calculator Our Bet Calculator allows you to automatically calculate the Payout for any given combination of Stake and Odds, including Multiples. Enter the Stake and Odds for your bet and the Bet Calculator will automatically calculate the Payout.
  • An odds calculator is a horse betting calculator with designated functions designed to handle odds conversion, calculation and payout estimation. These functions are relevant in any wager and so the use of an odds calculator is almost inevitable.
  • Now we multiply the decimal odds together to calculate our parlay odds: 1.05 x 1.33 x 2.63 x 1.5 = 5.5. So the total odds for our parlay bet are 5.5 (or +450). Now we can calculate the total parlay payout by multiply the odds by our original stake: 5.5 x 10 = $55. Our total payout is $55.

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. Step 1: Convert Betting Odds It’s easiest to convert American odds into decimal odds in order to calculate parlay payouts. Our single-bet calculator will do all the work for you. Simply enter American odds such as +140 into the calculator and it will automatically convert to 2.4.

How does the arbitrage calculator work?

Our arbitrage calculator allows you to enter the odds of two (or more) different bets to determine how much you should stake on each to guarantee a profit.

Use the Arbitrage Calculator here

Enter Odds & Stake
Sports Betting Odds Payout Calculator
Stake
Stake Bet 1
Stake Bet 2
$0.00
Payout
Payout Bet 1
Payout Bet 2
$0.00

What is an arbitrage bet?

An arbitrage (or arb for short) also known as 'surebets', 'surewins' and 'miraclebets' are bet types whereby a bettor wagers on a series of events that guarantees a profit no matter the outcome of a given event, or at worst, guarantees that no money can be lost but money can still be won depending on the result of an event.

Arbitrage bets work by taking advantage of discrepancy in prices of the same event with different Sportsbooks in a way that can ensure the bettor can't lose money no matter the outcome of the event.

What is a sports arbitrage betting example?

Arbitrage opportunities can pop-up in betting markets for a variety of reasons, most commonly being a disagreement in Sportsbook opinions on a certain event.

For example, say an NBA game was being played between the Houston Rockets and the Cleveland Cavaliers. 'Sportsbook A' may open up their market at:

Houston Rockets $1.50 (e.g -200)

Cleveland Cavaliers $2.50 (e.g +150)

And 'Sportsbook B' may open up their market at:

Houston Rockets $1.80 (e.g -125)

Cleveland Cavaliers $2.20 (e.g +120)

You can see here, that there a discrepancy in the odds, or a disagreement between the sportsbooks over the winning chances of each team. In this scenario, the bettor could place $55.55 on the Houston Rockets with Sportsbook B, to receive a payout of $100 if Houston win and the bettor can place $40.00 on the Cleveland Cavaliers with Sportsbook A, to also receive a payout of $100 if Cleveland win.

In this scenario, no matter who wins the game, the bettor has outlaid $95.55, but will receive back $100 no matter what the outcome. This a sports betting arbitrage, an opportunity to guarantee yourself a profit no matter the result (e.g + to your bankroll!)

What are the risks associated with arbitrage betting?

Odds Calculator Gambling

Arbitrage betting can be very profitable as long as you demonstrate patience and capitalise on the many opportunities that arise every day. Where you can lose big amounts with online Sportsbooks is if you outlay large sums on a bet that potentially could be a sportsbook error. That is, imagine there is a bet that is $51 when it should be $1.01 and all other Sportsbooks have it as $1.01. You may then feel the urge to place an arbitrage on the $51 and their opponent at big odds as well on another Sportbook, and outlay large amounts assuming you are in for a massive payday. That is until the Sportsbook cancels the market that had an error (Sportsbooks may be able to do this even after the event has started, read their terms and conditions). You are then stuck in a situation where you have a large amount of money on a huge underdog. Stick to non-error arbitrage opportunties where there is generally a 1-5% guaranteed return. You can however place single bets on the sportsbook errors, because if they get cancelled, you get your money back.

Parlay Calculator
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Betting
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Payout

How to use the DonBest.com Parlay Calculator

Covers Sports Betting Odds

In the boxes under 'Odds' enter the moneyline odds of each game in your parlay.

If you choose a favorite, you must enter the moneyline with a minus (-) sign at the beginning (e.g. -120). Note: Most standard pointspread and total wagers have -110 moneyline odds.

If you choose an underdog, simply enter the moneyline odds; no plus sign (+) is necessary (e.g. 120).

Sports Betting Odds Payout Calculator Online

Do not include decimal points.

Calculator

Sports Betting Odds Payout Calculator Yahoo

Ignore the boxes that are not included in your parlay (leave '0' in each box; they will not be factored into the parlay).

Enter the amount of your wager in the box next to 'Amount($)' and click on 'Calculate'. The amount of a winning parlay wager will appear in the box next to 'Payout'. Note: The 'Payout' does not include the amount wagered.

To calculate another parlay, click 'Clear' and start again.

Sports Betting Odds Payout Calculator Horse Racing

Good luck!