Parlays are many bets on one ticket. The only downside to making a parlay bet is that all wagers must hit, otherwise the entire bet is a bust. With our parlay calculator, you can select how you want your odds displayed. Under Odds Typepick your odds style. Input your first wager in the Bet 1 slot. Click on Add Bet to add the other wagers on your ticket. For favorites, you must add the minus sign - before the odds.
Our parlay number cruncher lets you enter up to bets. However, most sportsbooks will only allow up to team parlays. In the Bet Amount box, input what you want to wager.
You decide to take that money to your favorite betting site and create an awesome parlay. In the parlay number cruncher, you would add for Bet 1for Bet 2for Bet 3and for Bet 4. The calculator does not need the 4. The handicapping, sports odds information contained on this website is for entertainment purposes only.
Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team.
OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Close Menu. Odds Shark Top Sportsbooks 1. Visit operator for details. How to Use a Parlay Calculator With our parlay calculator, you can select how you want your odds displayed. Bet 1. Add Bet. Bet Amount. To Win. Calculate Reset. Upcoming Events NFL.Convert stated odds to a decimal value of probability and a percentage value of winning and losing.
This calculator will convert "odds for winning" an event or "odds against winning" an event into percentage chances of both winning and losing.
Be careful if you are using sports teams odds or betting odds. When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. A 1 in chance of winning, or probability of winning, is entered into this calculator as "1 to Odds are for winning". You may also see odds reported simply as chance of winning as This most likely means " to 1 Odds are against winning" which is exactly the same as "1 to Odds are for winning.
This calculator will convert "odds of winning" for an event into a probability percentage chance of success. For example, you win a game if you pull an ace out of a full deck of 52 cards. Pulling any other card you lose. Probability vs. Basic Calculator. Games, Tools. Odds Probability Calculator. A:B Odds Probability Calculator. Odds are: for winning against winning. Send Me Feedback.
Share this Answer Link: help Paste this link in email, text or social media. Get a Widget for this Calculator. Follow CalculatorSoup:.Sports betting is all about odds. You look at the action offered at your favorite sportsbookhandicap accordingly, and place your bets. The calculator offers four options: AmericanDecimal 1.
Here at Odds Shark, we use the American style.
Just make sure your bankroll can handle it. One of the most common bets is the moneyline. This is a straight-up SU bet where you would simply pick a winner. Totals bets will be listed like this at the sportsbook:. For point spread betsthe odds would look like so:. For this scenario, you would pick the team you believe is going to win the entire March Madness Tournamentand input their odds. You can also use this calculating tool for live betting and futures bets.
Odds Probability Calculator
Parlays are more intricate bets. We have a separate betting calculator for those. The handicapping, sports odds information contained on this website is for entertainment purposes only.
Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited.
The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Close Menu. Odds Shark Top Sportsbooks 1. Visit operator for details. Odds Calculator.
Odds Conversion & Implied Probability Calculator
American Odds. Decimal Odds. Fractional Odds. Implied Odds. Which team will Win the National Title?Convert a fraction to a decimal. Convert proper and improper fractions to decimals. Convert a ratio to a decimal. This calculator shows the steps and work to convert a fraction to a decimal number.
In a fraction, the fraction bar means "divided by. Dividing numbers is easy with a calculator. If you need to do long division by hand put the top number of the fraction numerator inside the division bracket and the bottom number denominator outside, to the left of the division bracket.
Complete the division to convert the fraction to a decimal. You can reduce the fraction to lowest terms first to make the long division math a bit easier.
You can also see our Long Division Calculator with Decimals to convert a fraction to a decimal and see the work involved in the long division. If you would like help reducing fractions to lowest terms see the Simplifying Fractions Calculator. To convert a decimal to a fraction see the Decimal to Fraction Calculator. Basic Calculator. Fraction to Decimal Calculator.
Convert Fraction to Decimal. Decimals to Round to: Do Not Round 0 1 2 3 4 5 6. Send Me Feedback. Share this Answer Link: help Paste this link in email, text or social media. Get a Widget for this Calculator. Follow CalculatorSoup:.Whether you are new to the world of betting or somewhat of an old hand when it comes to having a flutter every now and again, you will undoubtedly be aware of the sheer range of options at bookmakers like Betfair and Paddy Power when it comes to placing a bet.
While putting money on a horse winning a race may sound like a relatively straightforward matter, there is a wide range of bets available. For example, are you planning to keep it simple with a single bet on one race? Or, alternatively, are you looking to take a chance on a larger gamble with an accumulator? Thankfully, that is where online odds calculators come into their own. These handy tools can make a huge difference to your betting activity, providing you with a full overview of the options available and ultimately helping you to place the bet — or combination of bets — that works best for you.
In this article, we are going to take a closer look at the concept of odds calculators, how they tend to work, and the key benefits that they can offer in terms of boosting your betting balance. On the most basic level, odds calculators are designed to help you understand the implications of your bets and ultimately determine what returns you will receive if you are successful.
Such tools tend to operate in a standard format, with them first asking you to input the type of bet that you have made or are planning to make. This could be anything from a single to a Yankee to Super Heinz or an accumulator.
The calculator may also ask you to either enter the odds in the decimal or fraction format, but we will touch upon the key issues related to that further on in this article. You will then repeat that process however many times is necessary — for example, if you have placed multiple bets — and then may also be able to add information related to Dead Heats or any situation when Rule 4 may have come into play.
The latter offers compensation in the event that a horse withdraws from a race after a bet is placed. After providing full information regarding your range of bets, the odds calculator will then take care of the hard work by doing the maths and generating an overview of the bets you have made or are planning to make, as well as the potential returns which will be available if you are successful.
Choose your each-way terms with the odds calculator — these vary based on the number of runners and the type of race. As you may have already realised, such tools offer clear benefits to horse racing fans whether they are planning for future races or even checking what their final winnings will be after placing several bets. The ability to input information on a combination of bets is a particular benefit, as it ensures you do not get a headache while attempting to consider the potential outcomes of the bets you have made.
For a great number of horse racing fans, the use of fractions is the traditional way of viewing the odds for the runners and riders, but the use of decimals is something which has grown significantly across recent years, too. The concept operates on the straightforward notion that you simply multiply a stake by the decimal shown and the outcome will be your total winnings.
While the use of decimals may seem very simple in that respect, it is worth bearing in mind that the concept offers up one fundamental difference in comparison to the use of fractional odds. When it comes to decimal odds, your stake is always factored into the return that you calculate but this is not the case when following the fraction method. As such, the fraction allows you to work out your winnings, but you will also need to factor in that your stake will also be returned to you as well.
It goes without saying that a huge number of people across the globe love betting on horse racing with bookmakers like Betfair and Paddy Powerwhether they are attending race meetings in person, following the action on TV, or online via streaming services. You can get free Timeform tips for every British and Irish horse race and free Infogol tips on Europe's biggest football leagues.
However, it is also true that some can find it a complicated world to navigate around and they often want a bit of a helping hand to get started. Whatever your level of experience, taking some time to gain a better understanding of how the different formats for odds work can be an important step towards making informed decisions on your betting. Furthermore, the use of odds calculators can help you fully understand how specific combinations of bets could put you on the path towards winning big and also ensure you are fully aware of the winnings that you are due.
For example, an odds ratio of 4-to-1 means that four failures occur for each success, or one success per five attempts. If you have two probabilities, one measured as a percentage and the other as an odds ratio, you may have to convert to compare the relative probabilities.
To write a percentage as an odds ratio, convert the percentage to a decimal xthen calculate as follows:. Divide the percentage by to convert from a percentage to a decimal. For example, consider that you're asked to convert a 40 percent chance of success into an odds ratio:. Subtract 1 from your result in Step 2 to find the first number of the odds ratio. In this example, you have:. Substitute your result from Step 3 for X in the odds ratio X -to In this example, the result from Step 3 is 1.
So your original 40 percent success ratio, written as an odds ratio, is 1. Mark Kennan is a writer based in the Kansas City area, specializing in personal finance and business topics. Divide 1 by the percentage expressed as a decimal.
In this example, this gives you:. About the Author. Copyright Leaf Group Ltd.Our odds converter allows you to convert between decimal, fractional and moneyline odds. The key constant with betting odds is implied probabilitythe odds may look different but the probability of the outcome winning is the same.
Odds are displayed differently in different countries and sports betting websites worldwide. For example, the United Kingdom has traditionally used fractional odds.
However, in mainland Europe, decimal odds are the norm. To complicate matters further, moneyline odds are used in the United States. Our odds conversion tool displays the odds across all three different formats. Fractional odds Fractional odds originated in the United Kingdom and are primarily used there today. The price quoted by the bookmaker about an outcome is quoted as a fraction, hence the name fractional.
Odds are displayed in decimal format. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.
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Odds converter Use our odds converter to convert decimal, fractional and moneyline odds. Implied probability. Betting odds converter Our odds converter allows you to convert between decimal, fractional and moneyline odds.
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