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Decimal Odds are a simple reflection of the return you will receive for each single unit placed. The Bonus.com NFL Odds Calculator is 100% legal, and you can rest assured that sharp bettors across the country are using a tool like this every time The really oddschecker swimming Big Brief they bet. Bettors of all experience levels would do well to include BetMGM among their options for betting on the NFL each week. The mobile sportsbook offering from BetMGM includes a robust number of ways to bet each week. The “open” column shows the odds on the game at the beginning of the week.

## Sportsbooks

Instead of betting one team at -150 to win and the other at -120, you could combine them. In a parlay, those odds would turn into +205, which means a $100 bet would pay out $305. If you bet $50 on each of those moneyline odds, the payout would be about $174. Using an odds calculator may seem excessive to some beginners, but in reality, it’s commonplace for many online sportsbook users. A betting odds calculator allows users to input their stake & odds format they desire and quickly calculates the potential return of bets made. Implied probability is used frequently in sports betting odds and is found by converting decimal or fractional odds into percentages.

## Arbitrage Betting

The most common type of bet is a single, but bettors can combine different bets into one and place a multiple bet – this can be a double, treble or any informative post other multiple . However, each single bet within a multiple must win in order for the bet as a whole to win. Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. A bet can be broken down into two elements; the Stake – how much you risk, and the Payout – your potential return including your Stake.

This means you must win at least 52.38% of your bets at -110 to break even. A -135 favorite means you must risk $135 to win $100 from the sports book. The higher the absolute value of the number, the better the chance the bet will win.

Fractional odds are the ratio of the amount won to the stake; decimal odds represent the amount one wins for every $1 wagered. Our free parlay calculator gives you the chance to get a general idea of the odds you will get before you even sign up with any bookmaker. You can look up the odds in different places and find out where the odds are most favorable for a parlay you are planning. We do not charge users for the use of the parlay calculator or even for our betting picks and parlays. All you need to do to gain full access is sign up for a free user account.

If the odds are right it would be a completely risk free bet. Dutching works by covering all selections within a market, so that your returns are the same no matter the outcome. Simply select your target and enter your odds and the calculator will tell you how much to stake on each selection. As shown, the formula divides the stake by the total payout to get the implied probability of an outcome. You can use this bet calculator or any of the following to calculate the eventual profits you could make when placing a bet on one of our selected best betting sites. Whenever you are thinking of placing a bet, you should always ask yourself what chance you give that bet of winning.

## Featured Odds

The winnings of each selection goes onto the next to calculate the winnings. Again, you can use a bet calculator to work this out, by entering your stake and the odds of each selection. NHL Parlay – Parlays involve two or more NHL betting picks, all of which must win for your NHL parlay to payout. The larger payouts in parlay bets are typically what attracts bettors.

Did you back the unnamed favourite, only to find that it wasn’t the sole favourite? Well, if you’ve answered yes to any of these questions, then you won’t find anything better than the Free Bet Calculator for working out your bets. Places – the number of places being offered by your bookmaker for the event in which your selection is taking part. Win Odds can be entered in either Fraction, Decimal or American format, in accordance with the current odds format that can be changed via the Settings.

## Racecards, Odds & Results

Typically you should aim to extract 80% from the free bet. Stake returned – Sometimes the bookies return the stake from a free bet, however this is quite rare. Therefore you generally won’t need to alter the Stake Returned box in our lay calculator. Before we look at how to use the risk-free bet calculator, let’s go through the terms used in the tool. The maths behind no risk matched betting is rather complicated and working out the correct numbers for each bet individually would be a time-consuming process. Therefore, matched bettors place a back bet at the bookmaker to qualify for the bonus or free bet.

When you know the games you want to parlay, and the amount you’re willing to bet, simply enter the numbers into the calculator. Since your bet multiplies, you don’t need to worry about the order of the bets placed. Some calculators will limit the number of bets you can enter, but you should be able to find one which allows longer parlays.