In some cases, you’ll be able to adjust your bet slightly to increase the odds of your parlay winning. If your parlay consists of seven spreads, you can give or take points to reduce risk and payout. Since parlays already pay well, teasing the spread slightly can make the Odds Conversion To Percentage difference between a big win and a bad beat. Computers perform these calculations faster than most humans, which make parlay calculators a very useful tool when attempting to determine the value of a parlay bet. Sometimes, scaling back a parlay by one or two wagers doesn’t affect the payout greatly, while improving the odds of winning the parlay. Comparing parley outcomes helps provide context for your decision.

What Is Matched Betting?

Our pundits focus on both the actual stats and the feel they get for players, coaches and teams throughout the season. The free betting picks you will get from our guys are better than anything your friends or colleagues at work can possibly come up with. College football betting is not yet legal in every state that has regulated bookies, but plenty of players across the country can bet on it. Our NCAAF predictions offer a detailed insight into the ever changing world of college football and try to predict some of the results and shockers each week of the season. Keeping track of all the young guns is a hard job and one best left to our professional pundits who will give you an idea of what to bet on.

What’s A Yankee Bet?

The final step is for that amount to be added back into the winning bet amount. Horse racing payouts depend on which type of bet you actually place, with the amount varying greatly between straight and exotic bets. Horse race betting is based on the pari-mutuel betting system, which means you are betting against other bettors. The wagers are gathered in a pool for each bet, and they are dispersed after the track takes a cut to reinvest in racing.

All you need in order to use this system is a sportsbook to take your bet and a betting exchange to lay your bet off. So, like before, we are going to use an example to help illustrate what this means. So, if the White Sox have 2.0 odds to win the game, that means that for every dollar you put down on them, you would get $2 in return.

Selections

Anyone can accept part of or a whole bet created by a Maker. Let’s say you want to bet on a horse in the Breeders’ Cup Classic. Decimal style odds are typically used in Europe, but many Sportsbooks default to American odds. However, you should be able to set the preference to any betting style.

Exotic Bets

For every $1 informative post wagered on a team with +200 odds, $2 will be paid out. Odds of +200 or greater are offered on teams that are not expected to win a game. Moneyline boasts one of the most comprehensive assessments of odds in the industry. Based on 34,000 data points from over 1,700 individual bets, we found the following sportsbooks offer the best odds on moneyline bets.

Is It Cheating To Use A Betting 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. Basically, as you might imagine, this tool calculates betting odds.

Therefore, if you stake $10 at 6/1, you get a total payout of $70 ($60 profit + $10 stake). At BettingBilly, we offer free access to a massive amount of betting predictions from leading betting experts, along with our amazing free betting calculator. Occasionally, sportsbooks sweeten the offer by adding extra incentives.

Each platform can offer better profit margins than the other, so it can be highly advantageous to join more than one platform. Fractional odds are different than decimal odds because they represent the profit and not the total return. If you risk the denominator you will profit the numerator. For example in the image above Nottingham Forest have 19/20 odds to win. If you risk $20 you would profit $19 (for a total return of $39). It is the easiest odds format to get use to since it directly represents the total payout from a winning bet.

Let’s consider a random game in which the odds on both sides of the equation are set at -110. It appears to be a toss-up, so the book has attracted nearly even action on both sides. Let’s look at this example again and compare it to straight bets on the three games. We already mentioned heavy action on one side of the bet can cause changes in betting lines.