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Payout Formula:
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Odds payout calculation determines the potential return from a bet based on the stake amount and the odds offered. It helps bettors understand their potential winnings before placing a bet.
The calculator uses the simple payout formula:
Where:
Explanation: This formula calculates the total return (stake + profit) from a successful bet. To calculate profit only, subtract the original stake from the payout.
Details: Understanding potential payouts is essential for bankroll management, comparing betting options, and making informed betting decisions. It helps bettors assess risk versus reward before placing wagers.
Tips: Enter your stake amount in dollars and the decimal odds offered. Both values must be positive numbers. The calculator will display your total potential return including your original stake.
Q1: What's the difference between decimal and fractional odds?
A: Decimal odds represent the total return per unit staked (including stake), while fractional odds represent the profit relative to the stake.
Q2: How do I calculate my profit from the payout?
A: Simply subtract your original stake from the payout amount: Profit = Payout - Stake.
Q3: Are there different types of odds formats?
A: Yes, the three main formats are decimal (e.g., 2.50), fractional (e.g., 3/2), and American/moneyline (e.g., +150). This calculator uses decimal odds.
Q4: Do bookmakers charge commission on winnings?
A: Some bookmakers may deduct commission from winnings, especially in betting exchanges. The calculated payout represents the gross return before any commissions.
Q5: Can I use this calculator for parlay bets?
A: No, this calculator is for single bets only. Parlay bets require multiplying the odds of all selections together before calculating the payout.