Sports Betting American Odds Calculator
Sports betting made easier.
Sports Betting Odds Explained. Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below. American Style Sports Betting Odds. The #1 US sports news aggregator. Compare live sports betting odds & point spreads. NFL, MLB, NHL & NBA Computer picks. Hedging bets, Parlay calculator and more. Online Sports Betting at SportsBetting.ag. SportsBetting.ag is your ‘top spot’ for the best in sports betting excitement. No matter what your favorite game might be you’ll find it on the board along with a huge variety of sports and betting options.
Betting Tools - Convert odds and size your bets appropriately.
- Odds Converter - Convert american odds to decimal odds and figure out your required win percentage to turn a profit
- ROI Calculator - Find your expected ROI given the odds of a bet and your assumed win percentage
- Kelly Criterion Calculator - Calculate the optimal bet size to maximize your long term growth rate of your bankroll
- Vig Free Line Calculator - Figure out how much vigorish you are paying on a particular bet and solve for the implied win percentage of each team
- Hedge Calculator - Solve for the optimal hedge amount to maximize the expected growth of your bankroll
- Line Shopping Calculator - Compare betting lines between sharp and square books to see if you found a +EV bet and calculate an optimal kelly bet size at the square book if you did.
- Confidence Interval Calculator - Calculate a 95% confidence interval for your winrate to give you an idea of what your expected winrate in the future may be
- T-Test Calculator - Find out if a variable or winrate is statistically signifcant or not
- Bet Simulator - Simulate thousands of bets using a variable or fixed bet sizing with various ROIs to determine your expected variance and bankroll growth going forward
Odds Comparison - Fade the public and view betting line history.
- View live sports betting lines odds data from 5Dimes
- View line history to see how the odds have changed over time including obscure prop bets for free
- View ticket betting percentages. Fade the public and bet on low betting percentage sides
Bet Tracker - Track and share your bets.
- Hand grade your bets to catch your bookie's autograding mistakes
- Mobile friendly and autocomplete for many fields unlike excel
- View charts and stats of your bets
- Tag your bets with various keywords and then filter them later to see how they do
- Track a handicapper's bets and see how they do over time
Sports Betting American Odds Calculator Online
Welcome to the Sports Betting Odds section of The Sports Geek. If you are new to sports betting and don’t understand how to read betting odds (+150, -110, +2200, etc) we will lay it all out for you and help you learn how the betting odds work.
Betting Odds Converter
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| 5 | 100% up to €50 | Go to Site |
Sports Betting Odds Explained
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds
- Matchup Odds
- New England Patriots +120
- Pittsburgh Steelers -140
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The sign in front of the number indicates whether placing a wager on that outcome will pay out more money then you have wagered or less money then you have wagered. If the odd is negative (-) it means that outcome is more likely to happen and placing a bet on that outcome would payout less than the amount you wagered, while a positive (+) odd shows that the outcome is less likely to happen and it would pay out more than the amount you wagered.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
A listed odd with a + sign in front of it, such as the +120 in our example above, shows us how much money you would win on a $100 bet. Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits.
Examples:
Below is an example of NFL betting odds taken from an online betting site.
In this example you can see Los Angeles is listed at +130 ($100 bet pays $130 plus of course your original wager back) and New England is listed at -150 ($150 bet pays $100).
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
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Decimal Style Sports Betting Odds
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.