By calculating the hold, you can determine what percentage of the time you would need to be correct on that bet to make money long term. The spread to moneyline converter allows you to see the estimated moneyline for a specific point spread. Sports Betting. Best Books.
Sports Betting Calculators Learn how to bet on sports by using our betting odds, odds value, odds converter, and hedging calculators to get all the data you need to make the right wagers. Parlay Calculator The parlay calculator allows you to input the odds for each leg of your parlay to quickly calculate the payout of your bet. Odds Value Calculator Using the odds value calculator allows you to see the value which you would expect to receive for a bet based on the probability of that outcome occurring.
Hedging Calculator Using the hedging calculator you can see how you can guarantee yourself a profit on your live bets. All you need to do is pick the winning team. The odds would look something like this:.
The amount that is set by the oddsmakers is based on how they foresee a game unfolding from a scoring perspective. If you believe the combined score for both teams will be points or more, you would bet the OVER. For point spread bets , the oddsmaker adjusts the line so that the underdog gets an advantage. You would enter in the American Odds section if you believe Boston will cover or enter in the American Odds section if you think New York will cover.
If you bet on the Knicks, then they would have to win by four points or more. If you bet on the Celtics, they would need to win outright or lose by three points or less for you to win your bet. Prop betting is a wager based on occurrences or non-occurrences during a game or season.
Props are what we call novelty bets because they can consist of individual player or team milestones, and will appear like so at betting sites:. If he scores more, your bet loses. Our odds calculator can compute just about everything, including live betting. And Fractional odds are the ratio of the amount of money profit won to the amount of money wagered. The handicapping, sports odds information contained on this website is for entertainment purposes only.
Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Oddshark logo linked to Home.
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As you may guess, the Hong Kong odds are usually used by Asia-based users. Similar to the Fractional and Decimal odds, the Hong Kong odds or shortly HK, are very simple to understand and easy to use. The most important thing to remember is that the evens with Hong Kong odds are presented as 1. Odds higher than 1. For example, a bet placed on 2. Indonesian odds are presented in a format that is similar to their American alternatives in that there are positive and negative types.
Both types are based on a unit stake. In the case of Indonesian odds, they are based at a unit stake of a hundred and presented as decimal figures. The plus sign is usually implied in such odds even if it is not there. Negative bets show the amount that you have to risk to win a unit bet while positive bets show how much you win from each unit bet that you place. They are also called Malaysian odds.
These are similar to Indo and American odds in that they are based on a unit stake and are either negative or positive. However, Malay odds differ from the rest in that they are inverted. Negative odds mean that you will earn more than your initial wager if you win. To convert odds to probability percentage, divide the odds by one plus the odds. Forgot your password? How to convert odds to probability percentages? How to convert fractional odds to decimal? To convert fractional odds to a decimal, divide the probability by one minus the probability itself.
Bookies from around the world use different odds formats and this can be quite confusing. The good news is that no matter what the odds format, the payout for amount staked remains the same. Implied Probability is how often a bet needs to win on average to break even over the long haul.
Therefore at 2-to-1 the implied probability is This is the most important fundamental concept in sports betting. All wagers, no matter what the odds format, have an implied probability. A smart player calculates the chances a team is going to win actual probability , then examines the implied probability offered by the bookmaker. Of course you can use our odds converter on this page to calculate the implied probability for any set of odds.
Most all betting sites support multiple odds formats. Using either the account settings feature or a simple drop down box, you can change the format displayed. Understand the payout on monetary amount risked is the same no matter what odds format is used. The difference between formats is more a language issue. Betting developed various places of the world independently long before online betting existed, thus creating multiple formats. Decimal odds, also called European Odds or EUR Odds, are the closest we have to a universal standard, but it is slow to catch on in all markets.
In this odds format, also called Moneyline Odds, the odds are listed as either a negative or positive figure. This is the only of the six odds formats covered on this page where the payout calculation also includes the stake.
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