Betting Odds

Parlay Odds Calculator

Betting Odds Calculator

How to use the Betting Odds Calculator:

The betting odds calculator has two major fields:

1. Odds: "Enter odds for bet 1"
2. Stake: "Enter stake in $" (wager)

Let's look at each of these:

1. Odds: "Enter odds for bet 1"

The odds are usually presented in the 100s range and look like +100 or -120, in example.

For instance, let's look at the example for a typical NBA game using odds from a Sports Book like Bovada:
We can see there are odds next to each choice for the Spread, the outright Win (called the "Moneyline") and the the over/under, which Bovada calls "Total" for total points and represents with an "O" and a "U".  

As you can see the Odds can be both negative and positive.

In the above example, the Odds showing for the Brooklyn Nets outright winning on the Moneyline are +105. This means that for every $1 you bet, you will win $1.05.

Now, let's look at the negative Odds example. If you bet on the Brooklyn Nets to cover the spread, the Odds are -115. If you bet $1 on the Brooklyn Nets to cover the spread, you would win $0.87. This is calculated by dividing 100 by 115, and then multiplying that by the amount you put up as the wager.

The Odds can also be EVEN, which is just another way to say $100. This means you will $1 for every $1 you put up as a bet.

2. The Stake: "Enter stake in $" (wager)  

The "Stake" is simply the amount of money you plan to bet, or wager.

If you plan to bet $10, put "10" in this field.  
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