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This is the amount you will receive if you win your bet original wager amount plus profit. More betting tools: Parlay Calculator Understanding betting odds The way sports betting odds are presented can differ between American, Fractional, and Decimal.
While they all mean the same thing, understanding how they work with your wager can be tricky. Use our betting odds and moneyline calculator tool above to convert these odds and learn more about them below. Bets with higher implied probability are given a higher negative value. Bets with lower implied probability are given a positive value. Decimal odds explained Decimal odds are the preferred variation for most countries outside of the U.
Instead of using positive and negative values or fractional equations, decimal odds display a simple value that you multiply your bet amount by to calculate your profit money won and overall return profit and original risk amount. Fractional odds explained Fractional odds are most common in horse racing and futures markets.
You can also define your odds conversion to a specific bet amount to see your expected profit if that wager should win. Odds with lower implied probability have larger risk and therefore pay out more compared to odds with higher implied probability and lower risk. FAQs How do you convert American odds to decimal? How do you convert American odds to fractional? How do you convert decimal odds to American? Read our PointsBet review. The Impact of Changing the Maximum Risk Setting Increasing the maximum loss level also increases the maximum win level, so you receive a greater maximum potential payout to compensate you for the higher potential loss.
Decreasing the maximum loss level enables you to increase the stake because the balance withheld drops. With a higher stake, you win more money if the bet covers the line by a small amount, however you lose more money if the bet fails to cover the line by a small amount.
Note that many PointsBet markets only offer one risk setting. This calculator is designed for markets where the risk setting can be chosen from a range of numbers e. In PointsBet you can use the slider to change the selected risk level to a setting in-between the minimum and maximum risk levels offered. For total bets you also need to input whether you plan to take the Under or Over selection.
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It is very important to know what payout you are getting on a bet. The odds that a sportsbook offers you is directly related to the implied probability of that outcome happening. If you find a bet where the implied probability of an outcome is lower than the true probability, then that is usually considered a good bet to make.
With this being said, lets look at an example from an NFL game. True Odds vs. Implied Odds When you decide to bet on sports, it is important to have a grasp on a few things. These are listed below: What are implied odds?
What are true odds? Implied odds and true odds are important in determining if you are making a bet that has good value. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet. Implied odds are the conversion of a sportsbooks offered odds into an implied win probability. A spread bet in football is normally offered at on both sides of the bet. This gives both outcomes a win probability of The implied probability of this spread bet winning would be Let's use the above bet of for both outcomes on a NFL spread bet.
We know that both outcomes have an implied probability of If that same outcome has a true probability of Every sport has its attributes and factors that has a direct and indirect affect on the final outcome of matches and races and so every sport has developed different types and methods of calculations in order to predict results. This has generated an enormous leap in both the amount of bettors playing and the amount of money that is being placed as bets, due to the fact that bettors found it easier and more profitable to go by results generated by a sports betting calculator.
Using a Sports Betting Calculator Using a sports betting calculator is highly recommended, espaicllly when there is a need for calculator odds ratio bet money. The enormous amount of data and the rapidness of updates from the field, might make it hard for the bettors to concentrate on picking the right team, driver or horse, when instead of calculating statistics and comparing it the the other match participants the bettors follow trends, spoil their opinion by seeking advice that is not always reliable, and tend to forget to leave emotion or personal preferences out of the equation.
An Example For a Sports Betting Calculator A good example for a sports betting calculator is the horse betting calculator. The horse betting calculator is fed info and data about races and horses and than compiles a set of methods and calculation actions in order to determine the most likely winning horse.
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