Updated: 26.02.2025, 21:29
4 min read
Payoff Odds are the ratio between the bet and the amount received after a win. They are equal to net profit divided by the amount bet.
Decimal Odds are the easiest to calculate. Let’s say you bet $100 on a football match, and the payoff odds are 1.37. To calculate how much you will be paid if your team wins, all you have to do is multiply the amount you have wagered by the payout odds.
In this case, the calculation is quite simple: $100 x 1.37 = $137. However, the math won’t be as simple in most real-life cases because different venues will use other formats to represent their odds. This is why we recommend using our payoff odds calculator below.
When wagering, you always need to know how much you can win. Use our betting odds calculator to count your payout odds.
What is a Payoff Odds Calculator?
A payoff odds calculator is an easy-to-use online tool developed by Bob Casino that helps you determine the potential winnings you will get from your bet. Having weighed the potential rewards of the bet with its risks, you will be able to make better (and more profitable) betting decisions.
The Moneyline Odds format is the most popular formula for calculating odds. It is straightforward and requires only the selection of one winner, and both offline establishments and online venues use it.
How to Calculate Payoff Odds Using the Calculator?
To calculate potential winnings easily, you can use an action bet calculator. This tool lets bettors input their wager amount and odds format to determine the possible returns quickly. Whether you’re placing a moneyline, spread, or parlay bet, an action bet calculator helps you understand the risk and reward before placing a wager.
To start, fill in the calculator’s “Odds” field by entering the data from the wager you are interested in pursuing.
Different odds formats represent the expected profit outcome for every event on a particular bet, and different betting companies will give you your odds in different formats. Currently, four odds formats are used more often, and the odds payout calculator works with all of them. Here’s how they look:
- Decimal: 1.20
- Implied: 83.3%
- American: -500
- Fractional: ⅕
After entering your odds, you must enter the amount you want to stake into the bet payout calculator. The calculator will then determine your potential winnings and the total payout you receive after a successful prediction.
Payoff Odds and Profit
In sports betting and gambling, betting odds are significant for players and the betting venues. They show the payout rate for a bet and the probability of the expected outcome.
While there are no guarantees in betting and gambling, professional gamblers and sports bettors can increase their chances of regular winnings and potential profit.
How do they do that? By investing time and care into their bets. Thanks to years of experience, professional bettors intuitively understand the relationship between odds and probabilities. They also never skimp on their research, knowing that having the correct information and making an informed choice always increases their profits.
How Much Will the Odds Payoff?
If you’re wondering what does a bet pay, the payout depends on the odds and the size of your bet. Sportsbooks and casinos use different formats, such as Fractional, Decimal, or Moneyline odds, to determine potential winnings.
The American Odds format is the most widely used one, but it may require some practice to read and understand, especially if you are not from North America.
In Europe, Decimal Odds are widely used. For most people, these are much more intuitive and easier to grasp. You must multiply the wagered amounts by the decimal odds to estimate your total payout. This is the same calculation we performed at the start of this article.
Sports betting bookmakers most often use Fractional Odds. Thanks to the rise of online sports betting, many professional gamblers now choose to use one or more types of odds and even consult different betting sites dedicated to comparing odds to determine which platform best meets their needs.
Conclusion
The odds payout of a placed bet determines how big of a profit you will get in the case of a successful bet. The betting odds calculator is a valuable tool that can help you know exactly what you’re getting into, allowing you to weigh the risks against the rewards. Use it wisely, and it will prove to be your trusty and reliable companion for many years.
