Most betting sites offer each odds option. We use the American style here at Odds Shark. Step 2: Enter the amount of money you wish to bet. Our calculator will take care of the rest. There are three methods of stating odds that most bookmakers and websites support.
Implied Probability is also useful when evaluating a bet or checking how likely an outcome is. Decimals quote the potential return should the bet succeed, relative to the stake. Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake. Odds correlate to probability. The moneyline is one of the most common bets. This is a straight-up bet. All you need to do is pick the winning team.
The odds would look something like this:. The amount that is set by the oddsmakers is based on how they foresee a game unfolding from a scoring perspective. If you believe the combined score for both teams will be points or more, you would bet the OVER. For point spread bets , the oddsmaker adjusts the line so that the underdog gets an advantage. You would enter in the American Odds section if you believe Boston will cover or enter in the American Odds section if you think New York will cover.
If you bet on the Knicks, then they would have to win by four points or more. If you bet on the Celtics, they would need to win outright or lose by three points or less for you to win your bet. Prop betting is a wager based on occurrences or non-occurrences during a game or season. Props are what we call novelty bets because they can consist of individual player or team milestones, and will appear like so at betting sites:.
If he scores more, your bet loses. Our odds calculator can compute just about everything, including live betting. And Fractional odds are the ratio of the amount of money profit won to the amount of money wagered.
Payout Your total payout with the current odds and stake. Decimal 1. Implied Probability How to Calculate Parlay Bet Odds A parlay bet is a single wager that requires two or more outcomes to all win. Presidents' Weekend Nets at Warriors, who wins?
Nets Warriors. How many points does Kevin Durant score vs. Lakers at Nuggets, who wins? Lakers Nuggets. LeBron James Nikola Jokic tie. Does Auston Matthews score a goal vs. MON on Saturday? Yes No. Does Alex Ovechkin score a goal vs. PIT Sunday?
Sports Home. Odds Choose the odds you have been given or would like to test. Payout Your total payout with the current odds and stake. Decimal 1. Implied Probability How to Calculate Parlay Bet Odds A parlay bet is a single wager that requires two or more outcomes to all win. Presidents' Weekend Nets at Warriors, who wins? Nets Warriors. How many points does Kevin Durant score vs. Lakers at Nuggets, who wins? Lakers Nuggets. LeBron James Nikola Jokic tie. Does Auston Matthews score a goal vs.
MON on Saturday? Yes No. The Packers would be 1. The Vikings would be 2. Fractional Odds are used primarily in the UK and Ireland. Few bettors use fractional odds for betting sports other than horse racing , because the conversions to understand return are difficult. To calculate winnings on fractional odds, multiply your bet by the top number numerator , then divide the result by the bottom denominator. Odds correlate to the probability of a team winning, which is the implied probability.
A favorite has about a To calculate implied probability, use the following formulas:. As a responsible bettor, it is important to understand proper bankroll management. Your payout includes your potential winnings, plus whatever you bet originally. Sports Betting.
Click on the linear graph feature located on the right-hand side to view stats over a hr period. The information is intended to give bettors a deeper understanding of the sports marketplace. Sports Marketplace Like any marketplace, a buyer and seller agree on a price - in this case a line. But knowing the line is only half the picture. Understanding the forces affecting line' movement the volume of bets, percentage of bets on the home team and the percentage of bets on the away team is essential in determining the true value of any line.
Visit SportsInsights. NHL Prediction: Flyers vs. Will these two teams combine for enough scoring to push Islanders vs. NHL Prediction: Islanders vs. Rangers The Islanders and Rangers have been great for under bettors of late, but will the Eastern Conference rivals keep the score low tonight when they meet at Madison Coyotes vs.
Their winning percentage is. If on the other hand, you want to include ties into the whole calculation, the formula gets a bit more complicated. In such a case, you can calculate the percentage in the following way:. For this equation, the number of games is the sum of win, loss, and tie results on the team's record. To get a better understanding of this formula, let's consider the following example: a football team playing in the National Football League has played 16 games in total.
They lost 4 of them and got a tie result in 5. What is their winning percentage? Instead of calculating the win percentage, you should use our odds calculator to determine the chances you have when betting on them. Embed Share via. Number of games. Winning percentage. Advanced mode. Check out 9 similar percentage calculators.