How to Calculate Your Betting Odds Payout for Boosted Wins

Calculating betting odds payouts is also one of the best ways to learn about sports betting. You will enhance your chances and boost your wins! It may be a little confusing for beginners at first, but worry not – this guide will answer all your burning questions about bet types, payouts, probabilities and the different types of odds.

Sports Betting Odds Payout Calculators

Use our calculators below to help you calculate payouts and margins!

Margin And Payout Percentage Calculator

Here’s a handy calculator that shows you the payout percentage of both 3-way and 2-ways markets, apart from the margin (overround):

In case you first want to convert the odds between fractional, decimal or american, have a look at our handy Odds Converter!

Net Winnings Payout Calculator

Download ThePuntersPage Payout Calculator to find out what your net winnings would be if you place a bet of up to 10 selections at any particular stake you enter. It's available for all three main odds format: fractions, decimals and American odds!

How Can you Calculate Your Betting Odds and Payouts?

Calculating your odds is vital to your strategic approach to winning games like roulette and poker, or sports betting and horse racing. Whether a high roller or curious newcomer, calculating odds can transform a game of chance into a far more enjoyable and profitable pastime. So how do odds work correctly? The answer to that question is crucially important if you want to succeed at betting and are just the beginning of your learning curve.

You should also understand the difference between odds and probability. These two concepts are related, but not identical. Probability is essentially a representation of how many times a given outcome can occur. You can calculate the probability by dividing the number of chosen outcomes with the number of total possible outcomes. Betting is primarily about assessing the chances or probabilities of events. Bookmakers use odds since they can be translated into a more usable and more easily understood form for betting.

How to Calculate Sports Betting Odds Payouts

Firstly, you need to differentiate between the three significant odds formats you will frequently see mentioned. Decimal odds are the easiest to use since they clearly demonstrate your return for each unit bet. For instance, decimal odds of 3.24 tell us that every one unit you stake pays 3.24 units back if the bet is ultimately successful.

When it comes to fractional odds, they are marginally more complicated. Although they show the same information as decimal odds, they are expressed differently.

The number located on the left side of the “/” will be the eventual profit you receive when you bet on the number located to the right of the “/” (if your bet is successful, of course). You also get your stake returned. Decimal odds of 3.24 are expressed in fractional form as 9/4. So, if you want to make the 9 units of profit, you need to wager 4 units.

When it comes to American odds, or Moneyline Odds as they are also called, they share similar information as decimal odds; however, in a marginally alternative manner. When you use American odds, your payout is directly correlated to a 100-unit base figure. The minus symbol means you will have to wager that amount to win 100 units.

GB

Best Betting Sites With the Highest Maximum Payout in 2023

#1 bet365	Maximum payout £2,000,000 Maximum deposit £100,000 One of the most trusted sites re: payments	READ bet365 REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ - Offer for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and Full T&Cs apply. BeGambleAware.org #ad
#2 William Hill	Maximum payout £2,000,000 Maximum deposit £100,000 Responsible for several huge payouts	READ William Hill REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. See full terms below. Full T&Cs apply. BeGambleAware.org #ad
#3 Ladbrokes	Maximum payout £1,000,000 Maximum deposit £1,000,000 Broad variety of payment options	READ Ladbrokes REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first 5 bet within 14 days of account reg at min odds 1/2 = 4x 5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + Full T&Cs apply. BeGambleAware.org #ad
#4 Paddy Power	Maximum payout £1,000,000 Maximum deposit £5000 per day over 25s Max deposit up to £1000 per day for under 25s	READ Paddy Power REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY New Customer Offer. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £10. Only deposits made using cards will qualify for this promotion. T&Cs apply. Full T&Cs apply. BeGambleAware.org #ad
#5 Betfair	Maximum payout £1,000,000 No set maximum deposit Offers highest payout for an exchange	READ Betfair REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY New customer offer. Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly.Full T&Cs apply. BeGambleAware.org #ad
#6 Betfred	Maximum payout £1,000,000 Maximum deposit £20,000 Easy registration and banking process	READ Betfred REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required Full T&Cs apply. BeGambleAware.org #ad
#7 Coral	Maximum Payout £1,000,000 No set maximum deposit World-class reputation for payouts and beyond	READ Coral REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ New UK+ ROI Customers only. Deposit & Bet min £5 as first bet at minimum odds 1/2 to qualify for 1x £20 Free Bet. Certain deposit methods and bet types excluded. Free bet valid for 7 days, stake not returned. Restrictions apply. Full T&Cs apply. BeGambleAware.org #ad
#8 Unibet	Maximum payout £1,000,000 Maximum deposit £10,000 High limits globally for all customers	READ Unibet REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Full T&Cs apply. BeGambleAware.org #ad
#9 BETDAQ	Maximum payout £1,000,000 Maximum deposit £5000 per day Underrated by many for banking and payouts	READ BETDAQ REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY New 18+ Customers only. 0% commission on all exchange sports for 100 days. Promo code 0COMM100 must be entered during registration. Offer only available to users who deposit via debit card. Standard 2% commission rate applies on 101st day. Not available to API, RDT or trading software customers. T&Cs Apply. BeGambleAware.org #ad
#10 BetVictor	Maximum payout £500,000 Maximum deposit £5000 Top limits available from PayPal and NETELLER	READ BetVictor REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 3x £10 Free Bets,  set events at odds 2.00+. 7 day bonus expiry. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly
#11 BoyleSports	Maximum payout £450,000 No set maximum deposit Small min. deposit of £5 for most options	READ BoyleSports REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY *New UK customers (Excluding NI) only. Mobile only. £20 in FREE Bets (FB) as £10 in sports bets & a £10 casino bonus (CB). Min stake £10. Min odds Evs. FB applied on 1st settlement of any qualifying bet. FB 7 day expiry. 1 FB offer per customer, household & IP address only. Payment restrictions. 14 days to accept £10 CB, then active for 3 days. CB 5x wagering & max redeemable £100. Game restrictions apply. Cashed out/Free Bets won’t apply. 30 days to qualify. 18+. Full T&Cs apply. BeGambleAware.org #ad
#12 888Sport	Maximum payout £250,000 No set maximum deposit Ideal for mobile gamblers	READ 888Sport REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Casino Bonus must be claimed within 7 days. To withdraw bonus/related wins, wager bonus amount x40 within 14 days. Wagering requirements vary by game. Deposit methods, Withdrawal restrictions and Full T&Cs apply. BeGambleAware.org #ad
#13 Betway	Maximum payout £100,000 No set maximum deposit One of the best high-deposit bookies	READ Betway REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ Full T&Cs apply. BeGambleAware.org #ad
#14 10bet	Maximum payout £100,000 Maximum deposit £50,000 Skrill 1-Tap, paysafecard, Trustly, NETELLER, Apple Pay available	READ 10bet REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ begambleaware.org; New bettors get 50% of deposit up to £50; Once per household; Min deposit £15 (no Skrill/Neteller); Wager a total of 8 times deposit + bonus, with max qualifying bet stake equal to your initial bonus amount; Bonus expires after 60 days; Min odds of 4/5 on singles, or 2/5 per leg for acca; Some bet types excluded; See full terms; Terms apply; 18+ #ad
#15 Quinnbet	Maximum payout £40,000 Maximum deposit £10,000 Broad variety of accepted debit cards	READ Quinnbet REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY If your account has Sportsbook losses at the end of your first day's betting, QuinnBet will refund 50% of your losses as a Free Bet up to £25 (min 3 bets) Plus 10 Free Spins on Asgard Warriors. Even if your account is up, you're guaranteed a £5 Free Bet Plus 10 Free Spins provided you place at least 1 bet of £10 or greater at the minimum odds. T&Cs apply | 18+ New UK Customers Only | Full T&Cs apply. BeGambleAware.org #ad
#16 NetBet	Maximum payout £20,000 Maximum deposit £5000 via NETELLER Broadly available bet boosts	READ NetBet REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ New customers only from 11.08.2021. £10 bet required to quality within 30 days of registration, Maximum £10 in Free Bets and up to 100 Free Spins. Free Bets valid for 3 days. Bet Responsibly. Terms and conditions apply. Full T&Cs apply. BeGambleAware.org #ad
#17 bwin	Maximum payout £7,000 No set maximum deposit Enormous selection of payment options	READ bwin REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 2/1 (3.0) | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned | Full T&Cs apply. BeGambleAware.org #ad
#18 Sportingbet	Maximum payout £7,000 No set maximum deposit No additional fees from operator	READ Sportingbet REVIEW SEE OFFER	T&Cs APPLY, 18+ ONLY 18+ | New players only | Available until 23:59 GMT 31.12.2025 Each challenge has its own TCs. Eligible Bets must be placed for each respective Challenge during the Promotional Period including the following: ACCA, Football, In-Play, and Casino. Each challenge has its own set of TCs and can only be completed 1x. Available to claim: 20 Free Spins, £10 Free Bet, 50% Back up Free Bet up to £20, £10 Casino Bonus when you wager £50+. If all are completed you will receive Max £20 Free Bet to be used on any sport. Gamble Responsibly. Full T&Cs apply. BeGambleAware.org #ad

Examples of Bet Types to Calculate Potential Earnings and Betting Odds Payout

Here is a round-up of the most common bet types you can find at most bookmakers.

Most Common Bet Types

Odds and Lines are common, and spread bets are also known as ‘straight bets' or even ‘handicap bets'. These bets rely on the outcome of a game after addition for a given team or a point penalty.

Total bets are several points or goals you think will be scored during a game. Bettors can also choose to bet “over” or “under” the number depending on whether they think more or fewer points or goals will be scored.

Money Line bets are stakes on a team to win the game.

Parlay bets are otherwise also known as multiple or accumulator bets. Parlays involve combining at least two selections into a single bet. All the outcomes will have to be favourable for the wager to win, and in the process, bettors secure higher odds.

Teaser bets are an alternative take on a parlay. They involve tweaking the point spreads in favour of the bettor in return for marginally lower odds.

Outright bets involve betting on a team or an individual player to win a competition.

Head-to-head bets are placed on the winner of two competitors going head-to-head in competition. This is more commonplace in events that take place on larger fields, such as significant golf tournaments.

First Scorer Betting Odds Payout

First Goalscorer bets are popular with many football punters. The bet is very straightforward, and involves selecting a specific player who you think will score the very first goal of the match. If he ends up scoring first, you win your wager. Strikers and forwards tend to have lower odds, while defenders the highest ones. Attacking midfielders usually offer the best value odds. If you are backing a player who scores an own goal, it doesn’t usually count, and you will lose the bet automatically.

Anytime Scorer Betting Odds Payout

Anytime Goalscorer bets work similarly to first goalscorer bets. Backing anytime goalscorer players can offer better odds than first goalscorer bets. Despite the odds being slightly lower than First Goalscorer odds, Anytime Goalscorer bets give you a better chance of winning. You should take advantage of Anytime Goalscorer bets by looking for teams who are currently scoring freely. What’s more, you can double your Anytime Scorer bets and even combine Acca four or more for an even bigger payout. For this type of bet, overtime is excluded in most cases.

Last Scorer Betting Odds Payout

Last Scorer bets are among the three markets most prevalent at bookmakers. Bookmakers often offer double odds on a player to be first or last goalscorer, in comparison to the anytime scorer. That is because the last and first goalscorer can be the same player.

Team to Win Betting Odds Payout

The most straightforward bet is to wager on a team to win from the hundreds of weekly matches around the globe. Betting on full-time results of individual games is by far the most popular bet, and there are many ways to bet on a full-time outcome. The most traditional method is known as the win-draw-win betting market.

Can I use Accumulator Bets to Calculate Betting Odds Payouts?

An accumulator bet is riskier than other types since you are increasing the number of bet selections. If you win an accumulator bet, you stand to gain hefty returns. A key point you need to remember is that all your preferences have to win. The odds of every selection is multiplied by the next one, leading to better prices; this is a significant benefit of placing accumulator bets. On the other hand, you may have created a ten-team Acca bet only for one selection to let you down. That’s just tough luck, unfortunately, and highlights the fine line between heartbreak and victory.

What About Handicaps to Calculate Betting Odds?

Handicap betting is widespread across many sports; however, due to the differences in rules and how the sports are played, you will need sport-specific knowledge. Figures in Handicaps are expressed as goals; therefore, if a team is offered at -1.5 to win the match, they have to win by one clear goal or more for a handicap bet to be successful. Alternatively, you can bet on the opposition winning at, say, +1.5.

How to Bet on Sports for the Best Payout Odds

Here we look at how to bet on the most popular sports and spread your chances.

It goes without saying that the main goal of sports betting is to win and turn a few Euros into a couple of hundred. To ensure long-term success, you should stick to single-game bets throughout the season for soccer, the NFL, MLB, the NHL and the NBA. By grinding out regular nightly wins, you can boost your betting bankroll. It is easier to understand the risk vs reward since betting on single games offers spread betting, which is often listed at -110.

Mistakes to Avoid in Sports Betting For Better Betting Odds Payout

Improve your payouts and your sports betting strategy by learning how to avoid these common betting mistakes.

Do Not Change the Unit Size: Changing your unit size according to how well or poorly you are doing can be a crucial mistake. You should never double down and risk more when you are feeling overconfident. On the other hand, you shouldn’t chase your losses and try winning them back in one fell swoop.

Never Overreact to Trends: When you see a team on a three-game winning streak, you might be tempted to bet on it. On the other hand, if a team just blew a 20-point lead and on a four-game losing streak, you may automatically fade them out. That could be a fatal error.

Not Too Many Plays: Just because you love betting, it doesn’t mean you have to go wild! Betting on too many games at once can be dangerous.

Unrealistic Expectations: Everyone dreams of getting rich quick and winning 70% of their bets, but, as we all know, this is highly improbable. You can break even by betting on spread sports, taking into account the bookmaker's overround (vigorish or ‘juice'), then you need to win 52.38% consistently. Anything over and above 55% is considered highly profitable.

Which Sports Have The Best Betting Odds Payout?

Many sports have attractive odds and can produce exceptional payouts. You can bet on any sport, from football events like the Premier League, to basketball, baseball, hockey, rugby, horse racing, greyhounds, mixed martial arts, rowing, and table tennis. You can always compare odds with different bookmakers and choose the best ones.

ThePuntersPage Final Say

There is no reason why calculating your sports betting odds and payouts should be complicated. Once you understand the way odds are calculated with the three systems in use – US Odds, fractional and decimal – you will grasp the basics. You should take the time to compare odds with different bookmakers before making up your mind with whom to place your bets. Using the above-mentioned basic formulas will facilitate your calculations so you can always work out your returns.

Written by ThePuntersPage.com View all posts by ThePuntersPage.com

Articles assigned to ThePuntersPage.com are created by our community of contributors to ensure the most up-to-date and best possible content.

info@thepunterspage.com

• Further Reading