Vegas Odds Calculator

  
VegasCalculator

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. Offering a payout of 1/2, this bet has the lowest odds on the craps table. The chance of you winning is 66.7%, so the house edge is 2.44%. Yes, you have the best chance of winning, but the payout means that the casino still holds the advantage. Las Vegas' South Point Hotel, Casino and Spa became the first sportsbook to move the Super Bowl 53 betting line to New England Patriots -3. Find out why that move is so significant for NFL bettors. Thursday Night Football NFL Odds - The New York Giants and Philadelphia Eagles hook up at Lincoln Financial Field in Philadelphia on Thursday of Week 7 live on FOX/NFL Network. Bovada Sportsbook. If you bet then you may like this free software that works out your Parlay/Multiple bets for you Distributed by Tubemogul.

LAS VEGAS COLLEGE FOOTBALL BETTING LINES SPORTS BETTING ODDS LAS VEGAS COLLEGE FOOTBALL BETTING LINES


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Odds and Probabilities: Odds Formats and Implied Probability

There are three main odds representations used by most bookmakers and betting websites. Let’s run through some examples of Decimal odds, Fractional Odds and American Odds:

Fractional Odds
This odds format is used primarily in the United Kingdom & Republic of Ireland. Fractional odds quote the potential profit which can be made on a bet if it wins, relative to the stake.
For example if $500 is bet at odds of 2/1 the potential profit is $1000 ($500 * 2) and the total returned is $1500 ($1000 plus the $500 stake).
Decimal Odds
Decimal betting odds reflect the potential return if a bet succeeds, relative to the stake placed.
For example if £$ is bet at odds of 3.0 the total returned is $15 ($5 * 3)- and the potential profit is £10 ($5 * 3 minus the initial $5 stake).

Vegas Sports Odds Calculator

American Odds

How To Vegas Odds Work

  • Positive American Odds: These odds reflect how much you win on a single $100 bet. For example, a positive American odds @ +110 would win $110 for a $100 wager.
  • Negative American Odds: The odds indicate how much you must bet in order to make $100 profit. For example a wager on a team with American odds of -90 would win $100 on a $90 bet.
Implied Probability

Las Vegas Odds Parlay Calculator

Odds correlate to probability e.g a 2/1 bet is expected to win twice in every 3 attempts, hence the probability is 33.33%.