20 To 1 Odds
The betting odds calculator tool allows you to enter your odds in American, Decimal, or Fractional formats & translate them into the format you want. Bet $20, Win $125 on a Hawkeyes 3-Pointer. Get $500 Risk-Free Bet. Bet $50, Get $50. If $10 is bet at odds of 3/1, the potential profit is $30 ($10 x 3) and the total returned is $40 ($30 plus the $10 stake). Implied Probability. Odds correlate to probability. A 4/1 bet is expected to win one in every five attempts, therefore the probability is 20%. Odds Conversion Table. Odds-On: A term used for a strong favorite to win, when to have to actually spend more to win. A horse priced at 1/3 is odds on. Long Odds: This is an underdog bet, but if you win you’ll receive many multiples of your stake back. A horse priced at 50/1 is long odds. Short Odds: This is a high chance to win, but you will only make a small. Rivers Sportsbook is offering 1.20 odds on the Pats to beat the Falcons. This means that for every dollar you bet, you get your stake back plus 20 cents. Now, we support responsible betting, but let’s assume you’re wagering more than $1. If you bet $100, you get $120: your $100 stake + $20 profit. Odds are not always exact. They are exact if you toss a coin, because the likelihood of heads or tails is the same. However, odds on a sporting event would not be exact, because no one knows for sure who is going to win or lose.
Welcome to our Odds Calculator. The Odds Calculator will explain odds and calculate probability and payout. Please enter your odds below to get started.
Odds are not always exact. They are exact if you toss a coin, because the likelihood of heads or tails is the same. However, odds on a sporting event would not be exact, because no one knows for sure who is going to win or lose.
Do you want to learn how odds work? Check out these odds for explanations:
What does 2 to 5 odds mean?
What does 4 to 1 odds mean?
What does 6 to 5 odds mean?
What does 10 to 3 odds mean?