AixKit
All-in-One Online Calculators
AixKit
All-in-One Online Calculators
Please enter odds and click "Calculate".
Whether you are a seasoned bettor, a beginner in sports betting, or just someone trying to understand the basics of probability and risk, an odds calculator is an essential tool. The Odds Calculator helps you convert, compare, and calculate odds in various formats—Decimal, Fractional, and American (Moneyline)—while also determining potential profits and implied probabilities. This guide will walk you through everything you need to know about betting odds, how to use the calculator, and how to interpret the results to make smarter, more informed decisions.
Betting odds represent the probability of an event occurring and how much you can win based on your stake. They are used to determine the payout of a winning bet and are expressed in several formats globally.
Understanding how to interpret and convert between these odds formats is crucial for calculating risk and return accurately.
An odds calculator saves time and eliminates the guesswork when it comes to interpreting betting odds. Whether you're placing a sports bet, engaging in financial speculation, or just curious about probabilities, the calculator helps you:
To use the Odds Calculator, you need to enter:
The calculator will then provide:
Decimal odds are simple and easy to understand. They represent the total return for every 1 unit wagered, including your stake.
Formula: Return = Stake × Decimal Odds
Example: Odds of 2.50 and a stake of $100
Return = 100 × 2.50 = $250
Net Profit = $250 - $100 = $150
Fractional odds are commonly seen in the format A/B and indicate how much profit you will make on a bet relative to your stake.
Formula: Profit = (A ÷ B) × Stake
Example: Odds of 5/2 and a stake of $100
Profit = (5 ÷ 2) × 100 = $250
Return = $250 + $100 = $350
American odds come in two forms: positive and negative.
Examples:
+200 means you win $200 for a $100 bet (total return = $300)
-150 means you need to bet $150 to win $100 (total return = $250)
Implied probability is how likely the odds suggest an event is to happen. It is important for comparing odds and identifying value bets.
Decimal Odds: 2.00
Implied Probability = 1 ÷ 2.00 = 0.50 or 50%
Fractional: 5/1
Decimal = (5 ÷ 1) + 1 = 6.00
American = +500
Decimal: 3.50
Fractional = 5/2
American = +250
American: -200
Decimal = (100 ÷ 200) + 1 = 1.50
Fractional = 1/2
Sports bettors frequently use odds calculators to evaluate bets across different platforms and ensure they are getting the best value. Here's how to do it:
Repeat this process to find value bets and reduce risk.
This involves placing bets on all outcomes of an event using different bookmakers where odds discrepancies guarantee a profit regardless of the result.
Reducing potential losses by betting on the opposite outcome at different stages of an event.
Betting when the implied probability is lower than your actual estimated probability of the outcome.
Suppose you want to place a $200 bet on a football match with American odds of -130. Using the Odds Calculator:
It depends on your location and preference. Decimal is easiest for quick calculations, while fractional and American are more traditional in their respective regions.
No, the basic calculator is for single bets only. For parlays, use a parlay odds calculator which multiplies multiple decimal odds together.
No, odds reflect probability but are influenced by bookmaker margins. Use implied probability formulas to convert them.
No, betting always involves risk. Odds help assess value, but outcomes are uncertain.
Take advantage of our free, user-friendly Odds Calculator to make better betting and financial decisions. Whether you’re preparing for a big game or just want to understand the odds better, this tool gives you instant, reliable results.
Start calculating smarter bets today and take control of your risk management with our Odds Calculator!