Free stock-option profit calculation tool. See visualisations of a strategy's return on investment by possible future stock prices. Calculate the value of a call or put option or multi-option strategies. Odds correlate to the probability of a team winning, which is the implied probability. A -140 favorite has about a 58.34% chance of winning, while a +120 underdog has a 45.45% chance. Did you notice those percentages add up to more than 100%? That’s because of the vig, which is a sportsbook’s cut for facilitating your bet.To calculate implied probability, use the following formulas. The bet calculator allows you to input your stake & odds in American formats to quickly calculate the payout for your bets. How to Calculate Parlay Bet Odds A parlay bet is a single wager that.

To calculate your profit for your bet on the U16 team, divide $125 by 100, and multiple by the moneyline, as follows. To calculate your friend’s profit for his/her bet on FC Barcelona, divide 100 by the moneyline and multiply by $50, as follows. Remember also that, if you win your bet, in addition to your profit, you will get your wager back. The Asian Handicap Calculator will help you calculate the payout and the profit of a selected bet. It presents you with different options to choose from when it comes to the market type – Asian Handicap for Home or Away team as well as Asian Handicap for Over and Under goals. When you input the odds, your stake, the desired market type.

A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets.

When successful, it offers greater returns to the investor since it links up many events for a higher payout. If the parlay is to win, each of the bets must win. If one happens to lose, then the whole bet ends up in a loss, regardless of the outcome of all the other games.

How Do Other Results Affect Parlay Results?

There are other results that can affect the parlay results such as:

• A tie
• Game postponement
• Cancellation
• An incomplete game
• Rescheduling.

As long as there is no loss, the wagers typically revert to the next lowest number.

How to Use a Betting Odds Calculator

There are different options of the calculator found online. A majority is available free of charge. An example of a simple one is shown in the table below.

Wager Amount

Payout $0

When using a parlay odds calculator like the one above, all you need to do is enter the correct figure of odds in the table. In most cases, you are only allowed to enter numbers and nothing else.

From here, you will be required to type in the money lines for each bet you place as well as the total amount you would like to wager. Once everything is in place, just hit the calculate button. The payout field will give you the results of the amount that you will end up getting if each of the parlay games wins. If there are other parlay odds that you would like to calculate, just click on the reset all button and start the process all over again.

Vertical Spread Calculator

There are some calculators that will give you choices on how to display all the odds such as:

Spread Payout Calculator 2020

• Decimal odds
• American odds
• Fractional odds.

It can be very confusing trying to calculate parlay payouts on your own mainly because you are dealing with multiple teams. There is no need trying to wreck your brain over this because you can simply use the beneficial calculators that will give you the total to expect in no time. Armed with these results, you can confidently head over to your preferred sportsbook to place a parlay bet.