Calculators for Sports Betting
Sports betting odds can appear in three different forms: Decimal odds, American odds, and Fractional odds. These betting odds are used depending on where you live in the world. So, you should be familiar with only one of these betting types.
For example, Fractional odds are more popular in the UK. In comparison, Decimal odds are more commonly used in the rest of Europe. If you've encountered different types of betting odds for the first time, it can be a little confusing. This is why we have listed the top 5 best football betting odds calculators to make your betting decisions easier.
The Top 5 Odds Calculators
Ace Odds
Ace Odds can convert all odds types while also showing you the implied probability of reaching that outcome. For example, if you type in a decimal odd '2.00' in the odds bracket, you'll instantly get converted odds in American or Fractional forms with the implied probability. In this case, the American odds should show +100 and fractional odds should bet at 1/1 with the implied probability at 50%.
Besides that, they have a helpful table showing the most common odds and a bet calculator that you can use to check out how much you can win with specific odds.
OddsShark
OddsShark is identical to Ace Odds. The big difference between the two is that OddsShark comes with both bet and odds calculators put together. For example, suppose you type in odds 2.00 in the calculator.
In that case, you'll receive the converted odds in American, Fractional form along with the implied probability and the details of how much you'll win and your payout at the bottom.
Sports Geek
Another great odds calculator you can use is Sports Geek. It works just like the OddsShark calculator, but what makes Sports Geek great is that you can find informative videos and formulas that explain how all the odds work.
Action Network
Action Network is worth mentioning as the site provides a betting calculator, odds calculator, parlay calculator, hedge calculator and an odds value calculator. All these calculators are divided into their sections and come with detailed instructions on using them.
You can also find explanations of things like Expected Value (EV), parlay and hold, which is another term used for bookmakers' margin.
FreeBet Calculator
The FreeBet calculator is one of the best online calculators for calculating odds. You have the option to set up the calculator in Fractional, American, or Decimal odds. Then, you can use any bet type you want, from Single bet, treble, double, accumulator, Goliath, Lucky 15 and many more.
Another feature this calculator offers is how much your return and profit are. They divide this information into separate columns, and if you're confused or doubt any features of the calculator, there are info buttons that offer detailed explanations. All these features make this calculator simple yet complex at the same time, depending on your needs. But FreeBet has a complete list of available features compared to other online calculators.
Other Things to Know About Betting Odds Calculator
There are different ways to convert your odds in case you don't have time or are too lazy to visit a website.
How to Convert Fractional Odds to American Odds?
To convert fractional to positive American odds, all you need to do is take the value of fractional odds and multiply it by 100. For example, 3/1 x 100 results in 300.
If you want to change fractional odds into negative odds, divide -100 by the fractional odds' value. For example, -100 divided by 1/5 results in -500.
How to Convert Decimal Odds to American Odds?
If you want to convert decimal odds to positive American odds, you need to take one from the decimal value and multiply it by 100. For example, 3.1 – 1 and multiplied by 100 results in 210.
If you want to convert decimal to negative American odds, you need to divide -100 by the decimal value and decrease it by 1. For example, -100 divided by 1.5 and reduced by 1 equals -200.
Can Odds Betting Calculators be Applied to All Kinds of Sports?
You can use a sports betting calculator to help you with almost all sports betting, including football betting, tennis, basketball and horse racing. You can even use it to bet on esports as well. The calculation is always the same no matter the match or league we're talking about, whether it's a prestigious championship or something more familiar.
These numbers stay the same, but other variables may change. This is why you need to do a bit of research if you want to earn some easy and quick profits.
