A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Total Payout = [Stake x (Numerator/Denominator)] + Stake. Where: numerator/denominator is the fractional odd (e.g., 28/6) For instance, one of the major sports betting websites listed the ...
See more videos for How To Bet Odds
In order for the parlay to win, each separate bet has to win. Parlay odds offer bigger payouts than normal odds because they are riskier, since each individual bet has to win. Here is an example of a standard parlay payout table for up to five teams using -110 odds for each bet (bet $110 to win $100).
So, to work it out, you’ll multiply your bet by the odds. A good example is a set of odds for a tennis match. Player 1 will have odds of 40% for a win and Player 2 will have a 60% chance to win. To work out the decimal, you’ll divide this probability as follows: Player 1 – 100% ÷ 60% = 1.7. Player 2 – 100% ÷ 40% = 2.5.
The betting odds then change in the build-up to the game as various people place sports bets. Bookmakers need to balance their risk, so if one team proves popular among, you can expect the odds on ...
As we mentioned, the calculation is a little more difficult. Multiply your bet by the top number, then divide the figure by the bottom number. As such, a $10 bet at 5/2 odds is (10×5) / 2, which pays out at $25. A $10 bet at ⅖ odds is (10×2), which pays out $4.
Betting Odds Calculator. The betting odds calculator allows you to input your stake & odds in American, Decimal, or Fractional formats to quickly calculate the payout for your bets.