Calculate the probability of winning according to the odds formulas: 5/17 = 29.41%. Calculate the probability of losing according to the odds formulas: 12/17 = 70.59%. Check whether the result is correct with the betting odds calculator. Betting Odds Calculator Whichever your betting strategy and the type of bets you're going for, use our free odds calculator to ensure that you know how to calculate odds in sports betting. This sports odds converter is helpful in converting decimal odds to the fractional ones used in UK or the moneyline odds used in US. Sports Betting Odds Comparison Excel Spreadsheet 2020 (Updated) Parlay Calculator (with Push) for Sports Betting 🔢 No Vig Calculator: Find the Vig Free Odds 🔢 NFL Odds Excel Spreadsheet 2020 🏈📈 (Live Updates) Best Sports Betting Odds Calculator and Converter; Probability to Odds Calculator for Sports Betting 🔢 (American and Decimal). It is a subtle edge in sports betting, but remember the difference between winning at 52% and 53% is a world of difference. Implied Probability Calculation for Positive American Odds. Let's work a positive odds example. We'll use the following moneyline bet where the favorite is -190 and the underdog is +160.
Does blackjack favor house. The blackjack game is rigged in its traditional rule as used in Las Vegas. To name a few: 1. Show one card to you. Most people freak out when they see a 10 or face card. Working the house odds to your favor is why most casinos don't let card counters play blackjack. The House Edge and House Hold. The house edge is a theoretical number that cannot be calculated using practical experiences in the real world.
Our hedging calculator and arbitrage bet calculator allow you to insert decimal odds or American odds, as we know that some arbitrage bettors prefer to use decimal odds when calculating a bet.
The sports betting odds calculator allows you to convert betting odds across American and Decimal odds. The odds calculator will also tell you the equivalent implied probability of winning as well as return and profit given a bet amount. Fields with a yellow background are editable.
How to use a sports betting odds calculator
The sports betting calculator above allows you to see various outputs such as decimal odds, implied win probability, amount returned on a bet (or 'payout'), and bet profit.
The yellow fields above are input cells. All you need to enter are the American odds of a bet (either by using the slider or entering the value in the field) and the bet amount.
You can use the odds calculator a few different ways:
- Convert odds from American to Decimal
- Convert American odds to an implied win probability percentage
- Return the profit of a given bet if it wins
The betting odds calculator will work for all types of bets: point spread, moneyline, total, or props. For any bet that has a handicap value set (ex: a point spread of -6, total of 43, etc.), you can ignore that part and simply enter the odds associated with that bet.
Related: Find sports betting calculators and more tools here
Moneyline Odds Calculator
Take for example the following matchup and associated moneyline odds to win the game:
Minnesota Vikings (+260) at San Francisco 49ers (-330)
Gambling Spread Calculator Formula
I have bolded the moneyline odds to make it obvious what we are looking for. If you wanted to place a $10 bet on the San Francisco 49ers at -330, you could enter -330 in the odds calculator above.
You would see the following information as a result. Odds of -330:
- Decimal odds = 1.30
- Implied win probability = 76.7%
- $10 bet = $13.03 payout
- $10 bet = $3.03 profit
Point Spread, Total (Over/Under), and Props
Let's say you wanted to bet a different market on the same game. Using the Vikings/49ers example, we have the following markets:
Point Spread: Vikings +7 (-110) at 49ers -7 (-110)
Total: Over 44.5 (-120), Under 44.5 (+105)
Prop: Kirk Cousins TD Passes: Over 2.5 (+165), Under 2.5 (-190)
I have highlighted the actual odds you would enter for any of the given markets. Despite each example above representing a different bet, they all have odds that you can enter into the calculator.
Win Probability Calculator
The odds calculator will also tell you the implied probability of winning a given set of odds.
You can also check out our implied win probability to odds calculator if you want to take a win percentage and translate it to American or Decimal odds.
Using the previous example, American odds of -330 represents a 76.7% implied win probability.
Why is this useful?
Knowing the implied odds of a bet is extremely useful if you are doing your own modeling. If you have a model that says the San Francisco 49ers have a 79% chance to win the game, you could compare that to the implied win probability to see how it compares.
While most models are unlikely to be sharper than the market number, it is a useful comparison point to see how your 'number' compares to the market. Using odds calculators are a good way to check how your numbers stack up.
How do I calculate betting odds?
Calculating betting odds will depend on which odds format you used to place your bet: American, Decimal, or Fractional odds. Most bettors in the United States will use American odds. Each odds format represents the same thing: the percent chance of winning.
To calculate this percentage, convert odds from American to Decimal. Then take 1/Decimal odds to calculate the implied chance of winning. You can also calculate the bets payout, profit, and more.
Related posts:
Card counters operate under the (correct) assumption that even perfect blackjack strategy is a losing proposition. That's because basic strategy gives no indication of the likelihood of a dealer or player bust. Basic strategy requires you to hedge your bets in certain playing situations, meaning you are just as likely to win as to lose.
Gambling Spread Calculator Monthly
Keeping a running count improves on basic blackjack strategy by indicating when you can deviate from that strategy and still have a decent chance of winning. If you know there are more small cards than large ones, you can safely take hits on those pesky 15 and 16 point hands and improve your chances of beating the dealer. You can use a running count to know when to increase your bet size to maximize your profits, and when to decrease your bets to protect yourself from potential losses.
These changes in the bet size are known as a 'betting spread,' a tool used by counters to increase profits and decrease losses without drawing the attention of the casino. Gambling emperor legend zero part 310. Ideally, you can make small changes to your bets without the casino figuring out that you're a card counter and (politely) asking you to leave.
Betting Spreads and Positive Expectation
The name of the game in card counting is turning blackjack into a positive expectation game. Peter Griffin's book 'The Theory of Blackjack' worked out some numbers pertinent to card counters. Using standard Las Vegas rules and a basic High-Low card counting system, a player's advantage with perfect strategy when the count is zero is -0.56%. According to Griffin, each increase by 1 of the running count improves the player's advantage by +0.5%. Naturally, every decrease by 1 of the count reduces the player's advantage by 0.5%.
Editor's Picks for Best Online Blackjack in 2020
Gambling Spread Calculator Chart
- Multiple blackjack games
- Publicly traded company
- Multi award winner
- RTG Blackjack
- ViG Live Blackjack
- BTC Bonuses
- Live Dealer Blackjack
- 24/7 Live Support
- Trusted since 2007
- Online and mobile blackjack
- Great for U.S. based players
- New and fresh
The sports betting calculator above allows you to see various outputs such as decimal odds, implied win probability, amount returned on a bet (or 'payout'), and bet profit.
The yellow fields above are input cells. All you need to enter are the American odds of a bet (either by using the slider or entering the value in the field) and the bet amount.
You can use the odds calculator a few different ways:
- Convert odds from American to Decimal
- Convert American odds to an implied win probability percentage
- Return the profit of a given bet if it wins
The betting odds calculator will work for all types of bets: point spread, moneyline, total, or props. For any bet that has a handicap value set (ex: a point spread of -6, total of 43, etc.), you can ignore that part and simply enter the odds associated with that bet.
Related: Find sports betting calculators and more tools here
Moneyline Odds Calculator
Take for example the following matchup and associated moneyline odds to win the game:
Minnesota Vikings (+260) at San Francisco 49ers (-330)
Gambling Spread Calculator Formula
I have bolded the moneyline odds to make it obvious what we are looking for. If you wanted to place a $10 bet on the San Francisco 49ers at -330, you could enter -330 in the odds calculator above.
You would see the following information as a result. Odds of -330:
- Decimal odds = 1.30
- Implied win probability = 76.7%
- $10 bet = $13.03 payout
- $10 bet = $3.03 profit
Point Spread, Total (Over/Under), and Props
Let's say you wanted to bet a different market on the same game. Using the Vikings/49ers example, we have the following markets:
Point Spread: Vikings +7 (-110) at 49ers -7 (-110)
Total: Over 44.5 (-120), Under 44.5 (+105)
Prop: Kirk Cousins TD Passes: Over 2.5 (+165), Under 2.5 (-190)
I have highlighted the actual odds you would enter for any of the given markets. Despite each example above representing a different bet, they all have odds that you can enter into the calculator.
Win Probability Calculator
The odds calculator will also tell you the implied probability of winning a given set of odds.
You can also check out our implied win probability to odds calculator if you want to take a win percentage and translate it to American or Decimal odds.
Using the previous example, American odds of -330 represents a 76.7% implied win probability.
Why is this useful?
Knowing the implied odds of a bet is extremely useful if you are doing your own modeling. If you have a model that says the San Francisco 49ers have a 79% chance to win the game, you could compare that to the implied win probability to see how it compares.
While most models are unlikely to be sharper than the market number, it is a useful comparison point to see how your 'number' compares to the market. Using odds calculators are a good way to check how your numbers stack up.
How do I calculate betting odds?
Calculating betting odds will depend on which odds format you used to place your bet: American, Decimal, or Fractional odds. Most bettors in the United States will use American odds. Each odds format represents the same thing: the percent chance of winning.
To calculate this percentage, convert odds from American to Decimal. Then take 1/Decimal odds to calculate the implied chance of winning. You can also calculate the bets payout, profit, and more.
Related posts:
Card counters operate under the (correct) assumption that even perfect blackjack strategy is a losing proposition. That's because basic strategy gives no indication of the likelihood of a dealer or player bust. Basic strategy requires you to hedge your bets in certain playing situations, meaning you are just as likely to win as to lose.
Gambling Spread Calculator Monthly
Keeping a running count improves on basic blackjack strategy by indicating when you can deviate from that strategy and still have a decent chance of winning. If you know there are more small cards than large ones, you can safely take hits on those pesky 15 and 16 point hands and improve your chances of beating the dealer. You can use a running count to know when to increase your bet size to maximize your profits, and when to decrease your bets to protect yourself from potential losses.
These changes in the bet size are known as a 'betting spread,' a tool used by counters to increase profits and decrease losses without drawing the attention of the casino. Gambling emperor legend zero part 310. Ideally, you can make small changes to your bets without the casino figuring out that you're a card counter and (politely) asking you to leave.
Betting Spreads and Positive Expectation
The name of the game in card counting is turning blackjack into a positive expectation game. Peter Griffin's book 'The Theory of Blackjack' worked out some numbers pertinent to card counters. Using standard Las Vegas rules and a basic High-Low card counting system, a player's advantage with perfect strategy when the count is zero is -0.56%. According to Griffin, each increase by 1 of the running count improves the player's advantage by +0.5%. Naturally, every decrease by 1 of the count reduces the player's advantage by 0.5%.
Editor's Picks for Best Online Blackjack in 2020
Gambling Spread Calculator Chart
- Multiple blackjack games
- Publicly traded company
- Multi award winner
- RTG Blackjack
- ViG Live Blackjack
- BTC Bonuses
- Live Dealer Blackjack
- 24/7 Live Support
- Trusted since 2007
- Online and mobile blackjack
- Great for U.S. based players
- New and fresh
Positive Count and Percentages
We know that, statistically, a standard Vegas game of blackjack will only offer certain counts some of the time. Positive expectation only happens with a +2 count, which will only happen about 8% of the time. Truth be told, a positive count can only be expected about 18% of the time you're playing–that's why it is important to spread your bets, even if you're keeping a running count and playing according to basic strategy.
What's the Best Bet Spread?
People much smarter than you and me have determined that a bet spread between 1 and 5 units is the best way to avoid undue attention from the casino. By this reckoning, you should bet 1 unit for a +1 count, all neutral counts, and all negative counts. A +2 count means 2 units, a +3 count means 3 units, a +4 count means 4 units, and anything over +4 means you bet 5 units. Going over 5 units is likely to attract unwanted casino heat.
Using this system and perfect blackjack strategy, you can expect a positive return of about 0.14%. You're not going to get rich with small wins under this system, but it will turn a negative expectation game into a positive one.
Larger Bet Spreads
The only way to increase your expectation is to use a 1-10 unit bet spread, which is sure to get you kicked out of any casino eventually. Still, as long as you can get away with a 1-10 unit spread, you can play with an edge of about 0.57%, or about three and a half times greater than with a 1-5 unit spread.
Gambling Spread Calculator Vs
Since casinos have implemented rules and strategies to counteract card counting, the easy to beat blackjack tables have disappeared. Casinos are now instituting a 6:5 blackjack payout rule, for instance, that automatically makes the game not worth the time it takes to count cards and develop a bet spread. Perfect blackjack strategy is often as good as you can get at today's blackjack tables, since even the most aggressive counting and bet spreading gives you only about a .5% edge.
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