250 1 Odds Calculator
(+400/100) + 1 = 5.00. Converting American odds into fractional odds is simpler. Divide the odds by 100, and then reduce it to its simplest form, e.g., 400/100 is the same as 4/1. To convert negative American odds into decimal odds, we’re going to tweak the equation. This time, we need to divide 100 by the odds, or moneyline, and then.
The rest of the world uses Decimal Odds, in part because it’s easier to convert them to implied probabilities than American Odds.Decimal odds represent the amount a bettor wins for every $1 wagered.And the number represents the total return, not just the profit like American and fractional odds. The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. A47ae84bbd0df0bc22070eUse match betting to maximize your profits with Arbusers Hedging Calculator. Enter the odds, your back stake, and know how much you should lay. This Bet Calculator allows bettors to calculate the potential Payout for any single bet and has a simple ‘Add Odds’ function to calculate the Payout for a multiple bet. It might be one of the most basic calculations in betting but using the Bet Calculator above will help bettors enhance their understanding of what betting odds represent. Odds Converter is a quick, simple tool to convert fractional, decimal and moneyline odds. Guide to UK, American and European odds formats and betting calculators.
Bet Amount- $100
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- Boosted from +150
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- Boosted From +240
- Suns @ Lakers
- Available in CO
- Boosted From -140
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- Boosted From -110
- Clippers @ Celtics
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- Boosted From +172
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What is a Parlay?
A parlay is a bet that combines two or more picks for a larger payout than normal wagers at U.S. sportsbooks. All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection.
With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1. You can add more picks for larger payouts. The payouts above are based on normal-juiced spreads (-110). However, not all spreads are juiced -110. For example, sometimes you will find a side or total -/+105 or -/+120, making parlay calculations a little more difficult. (Learn how to read lines here.)
Moreover, payouts are different when you parlay moneylines, which are particularly common when it comes to betting on the MLB, NHL, and MMA.
For example, look at this hypothetical $10 MLB parlay:
- New York Yankees -210
- Boston Red Sox -165
- Over 8 -120 (Washington Nationals vs. Atlanta Braves)
Enter the price of each pick above (-210, -165 & -120) into the parlay calculator along with the wager size. If you entered everything correctly the payout should read $33.46. The heavy favorites in the parlay decrease the size of the payout.
Now look at this $10 parlay of NFL underdogs:
- Philadelphia Eagles +180
- Indianapolis Colts +250
- New York Giants +365
Again, enter the parlay prices and the wager amount. This time the payout is $445.7 since the parlay consists of big underdogs.
Keep in mind, most sportsbooks do not allow correlated parlays. So you would not be able to parlay the Eagles moneyline and the Eagles spread together, since the Eagles covering the spread increases the odds of the Eagles winning the moneyline. You can often parlay an over/under bet with a spread or moneyline bet from the same game, but there are occasional restrictions depending on the numbers.
The parlay calculator, along with other sports betting tools for NFL, MLB, NBA & more, will help serious and recreational sports bettors alike save time and money as they navigate legal US sportsbooks.
Calculator Use
250 To 1 Odds Calculator
Convert stated odds to a decimal value of probability and a percentage value of winning and losing. This calculator will convert 'odds for winning' an event or 'odds against winning' an event into percentage chances of both winning and losing.
Be careful if you are using sports teams odds or betting odds. If you see that the Patriots super bowl odds are 9/2, that is most likely 'odds against' and should be entered in the calculator with 'Odds are: against winning.'
When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. A 1 in 500 chance of winning, or probability of winning, is entered into this calculator as '1 to 500 Odds are for winning'. You may also see odds reported simply as chance of winning as 500:1. This most likely means '500 to 1 Odds are against winning' which is exactly the same as '1 to 500 Odds are for winning.'
Probability Formulas:
This calculator will convert 'odds of winning' for an event into a probability percentage chance of success.
Odds, are given as (chances for success) : (chances against success) or vice versa.
If odds are stated as an A to B chance of winning then the probability of winning is given as PW = A / (A + B) while the probability of losing is given as PL = B / (A + B).
For example, you win a game if you pull an ace out of a full deck of 52 cards. Pulling any other card you lose. The chance of winning is 4 out of 52, while the chance against winning is 48 out of 52 (52-4=48). Entering A=4 and B=48 into the calculator as 4:48 odds are for winning you get
Odds Against Calculator
For 4 to 48 odds for winning;
Probability of:
Winning = (0.0769) or 7.6923%
Losing = (0.9231) or 92.3077%
'Odds for' winning: 1:12 (reduced from 4:48)
'Odds against' winning: 12:1 (reduced from 48:4)