How to Calculate Betting Winnings from Odds

It is very important for you to know exactly how much you are going to win before even placing a bet.

This is absolutely essential and nonnegotiable.

If you are someone new to betting, we know you might have found yourself in situations where you placed a bet without even knowing what your potential wins are going to be.

Don't worry.

Mentorspredict through this article is going to teach you exactly how can calculate your wins with a very simple maths trick irrespective of the type of odds formats you are making use of.

To be ae to really bet smartly, it's really very important for you to be able to calculate what you potentially stand to win when your bet plays even before you risk your money.

Through this guide, we're going to show you exactly how to calculate your winnings from any odd format at all.

But we'll first of all understand why we feel this is very important.

Why You Must Calculate Winnings Before Betting

If you are able to judiciously calculate your winnings, it will help you to be more startegic with your decision making when betting.

You can easily compare to see if these odds are really worth the risk of staking on them.

You can also decide the best amount you can stake depending on what your potential earnings are.

It also gives you enough insights that will help you to avoid the mistake of betting on odds that are low value.

At the end of the day, you learn how to plan your bankroll based on your potential wins.

And you can easily understand if the accumulator payouts you will win justifies the whole risk.

We strongly advise that you should never place a bet if you don't know what you will stand to win when the game finally plays.

The Simple Formula for Decimal Odds

In betting, the decimal odds are definitely the easiest ones to calculate.

No wonder why it is gradually becoming a standard almost everywhere.

To calculate, the formula is usually very simple.

You have to calculate is the stake × odds = total return.

Then you subtract your stake so that you'll be able to find your profit.

Total return - stake = profit.

Let's do examples.

If you are betting let's say $20 at odds 2.50 what this simply means is 20 × 2.50 = $50 which is your total return.

Your profit will automatically become $50 - $20 = $30 profit.

If you are betting $100 at odds 1.75 what it means is that 100 × 1.75 = $175 your total return.

Your profit will be $175 - $100 = which is a $75 profit.

That's it.

All you have to do is to just multiply how much you are staking by the odds itself.

Then you subtract the amount you bet.

What ever remains becomes your profit.

Mentorspredict often make use of the decimal calculations in our examples because we know that it is the simplest way for you to calculate.

The Formula for Fractional Odds

Fractional odds needs an additional step of calculation.

However they're still very easy to do provided you already know the method.

Here the format is mainly the profit slash stake methods.

For you to calculate, it is your stake ÷ bottom number × top number = profit.

Then you add back your stake so that you'll get your total return.

We'll explain it better with this example.

If you are betting $50 at 3 slash 1 odds, what it means is that (50 ÷ 1) × 3 = $150 is your profit.

Now if you add your $50 back, your total return becomes $200.

The Formula for American Odds

American odds always looks really complicated.

But there are some simple rules you must follow once we explain them to you.

If you are betting for positive odds (+150, +200, etc.).

(stake ÷ 100) × odds = profit.

Then add your stake in order to get your total return.

Whereas for negative odds (-150, -200, etc.).

(stake ÷ odds) × 100 = your profit.

Then you add your stake so as to get your total return.

Let's do examples.

If you are betting around $50 at +150 which means (50 ÷ 100) × 150 = $75 is your profit.

Your total return is automatically $125.

If you are betting $100 at +200 what it means is that (100 ÷ 100) × 200 = $200 will become your profit.

Then your total return will be $300.

On the other hand if you are betting $150 at -150 what it means is (150 ÷ 150) × 100 = $100 becomes your profit.

Your total return will be $250.

Always have it at the back of your mind that the positive odds are usually the underdogs.

And they usually comes with way bigger profits.

While the negative odds are the favourites and their odds tends to be smaller.

Final Thoughts

If you want to start winning more consistently, then learning how to calculate your betting winnings is one skill you must be very certain of.

Every professional bettor must master this skill.

It doesn't really matter whether you are making use of the decimal, fractional, or American odds.

All you need is to understand the formula.

Once you have a grasp of the formula, everything will become easy and simple to comprehend for you.

So you can always practice them with small examples just as we discussed here.

Before long the calculation is going to be automatic for you.

You can also make use of some online calculators to verify if your maths is correct.

In whatever you do, always make sure you know your potential win.

FAQs

What's the fastest way to calculate winnings for decimal odds?

It simple.

Just multiply how much you are staking by the decimal odds.

You'll get your total return.

Then you subtract the money you used in staking.

Whatever that remains is your profit.

How do I calculate accumulator winnings with different odds?

Just multiply all the decimal odds together.

You are going to get a combined odds.

Then you multiply that odd by your stake.

Why is my calculated profit different from what the betting site shows?

You need to check if the website is showing you profit or total return.

A lot of websites will show you total return and this usually include your stake too.

Check out some of free football predictions for all types of bets below;

   1. Banker of the day tips
   2. Both Teams To Score tips
   3. Double Chance tips
   4. Away Win
   5. Over 1.5 Goals tips
   6. Over 2.5 Goals tips

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