Betting Calculator: Quick Start Guide

Understanding the Tool's Purpose

This calculator determines the Total Payout and Profit for a sports bet. It uses your stake amount and the selected odds to perform the calculation. The calculator also shows the Implied Probability, which is the chance of winning the odds suggest.

Step-by-Step Instructions

1. Select Currency

• Find the Currency dropdown menu at the top.
• Select the currency symbol you are using for your bet (e.g., ₦ - Naira or $ - US Dollar).

2. Enter Stake Amount

• Locate the Stake Amount input field.
• Type the exact amount of money you plan to risk or bet.
• Example: Enter 100 for a one hundred dollar stake.

3. Choose Odds Format

• Select one of the three available formats:
  • Decimal: Common in Europe and Australia (e.g., 2.50).
  • American: Common in the USA, showing positive or negative numbers (e.g., +150 or -200).
  • Fractional: Common in the UK (e.g., 3/2).
• Click the corresponding button to choose your format.

4. Input the Odds

• Use the Odds input field.
• Enter the specific odds provided by your bookmaker.
• Ensure the number format matches the one you selected in Step 3.

5. View the Results

• Click the Calculate Winnings button. The calculation runs automatically when you input data.
• The Results Section will appear below the input area.
• Review the key metrics displayed:
  • Total Payout: The total money you receive if the bet wins (Stake + Profit).
  • Profit: The net winnings (Payout minus the original Stake).
  • Implied Probability: The chance of the outcome happening, expressed as a percentage (1/Decimal Odds x 100).

Simplifying Odds Jargon

• Decimal Odds: The number represents the total return for every 1 unit staked. Example: Odds of 2.50 return 2.50 for a 1 stake (a 1.50 profit).
• American Odds (+ Positive): The number shows the profit on a 100 stake. Example: Odds of +150 return 150 profit on a 100 stake.
• American Odds (- Negative): The number shows the amount you must stake to win 100 profit. Example: Odds of -200 mean you must stake 200 to win 100 profit.

Fractional Odds: The ratio shows the profit relative to the stake. Example: 3/2 odds mean you win 3 profit for every 2 staked.