Betting Odds Calculator & Converter
The betting odds calculator helps you to calculate the payouts of your bets. With this odds calculator, you can also calculate the winning probability of your bets. The functionality of the odd calculators are simple. Here, you just need to enter your bet amount, odds and the bet type such as American, decimal or fractional. Then the calculator will calculate the rest of the things for you. You can also enter your desired payout and the odds calculator will tell you how much your bet amount should be.
Before placing a bet, it’s essential to understand how odds impact your potential winnings. Higher odds mean greater rewards but come with higher risks, while lower odds offer more security with smaller returns. Use this betting odds calculator to analyze your bets, compare different odds formats, and make more informed decisions.
What is a Betting Odds Calculator?
The Betting Odds calculator is an online tool by which you can calculate your possible payout of a bet and the chances of your winning. It can convert different forms of odds like American, Decimal or Fractional and calculate the probability of your bets. When you have chosen an online betting site, you can use the odds calculator to determine your potential returns, which is important in different sports like football, cricket, tennis, basketball, etc.
If you are a beginner, you will also feel comfortable using the betting odds calculator. This tool will help you to learn how odds, probabilities, and payouts are correlated. So, you will have a better understanding of how betting works.
How to use the calculator?
When using a betting odds calculator, you will find the following main fields:
- Bet Amount: The amount of money you are wagering. That is mandatory and the default value is 100.
- American Odds: It is a popular type of odds in the U.S. These types of odds show how much you can win on a 100 BDT bet. Positive odds show your profit, while negative odds show how much you need to bet to win 100 BDT.
- Decimal Odds: It is used mainly in Europe. This format shows how much you will get back (including your stake) for every 1 BDT you bet.
- Fractional Odds: It is widely used in the UK. Fractional odds show the ratio of profit to the stake.
- Implied Probability: It calculates the chance of your winning for that specific bet.
- To Win: You can enter how much you want to win. Then the calculator will adjust other fields based on that.
- Total Payout: It shows how much you will get if your bet wins. It includes both your original bet and your profit.
Example Game: Bangladesh Tigers (+250) vs. Sri Lanka Lions (-300)
For example, you are a Bangladeshi bettor and placing a bet with American odds. Here it is a cricket match between Bangladeshi Tigers and Sri Lankan Lions and the odds are: Tigers (+250), Lions (-300). In this case, the Tigers have 28.57% winning probability and the Lions have 75.00% winning probability. You can see the bookmaker’s margin when the total probability is more than 100%.
If you place a 100 BDT bet at +250 odds on Tigers, you will get a total of 350 BDT. Here 100 BDT is your stake and 250 BDT is your profit. Similarly, If you place a bet of 300 BDT on Lions at -300 odds, you will get a total of 400 BDT. Here 300 BDT is your bet amount and 100 BDT is your profit.
High probability odds give low returns and low probability odds give high returns. So, to improve your strategy, use the betting odds calculator to understand the quality and winning of your bet.
You can also check out 100 Taka Deposit Betting Sites to explore platforms that allow betting with a 100 BDT deposit and use our calculator to estimate potential returns based on different odds.
How does it work?
The Betting Odds Calculator works based on a few simple inputs. The most important requirements are the bet amount and the type of odds. In some cases, you may also enter the desired winning amount.
The formula for calculating the payout varies depending on the odds format:
American Odds:
- Positive odds (+): Let’s say you place a bet of 100 BDT and the odds are +250. In this case, if your bet wins, you will receive a total of 350 BDT. Here, 100 BDT is your bet amount + 250 BDT profit = 350 BDT.
- Negative odds (-): If the odds are -300, that means you have to wager 300 BDT to make 100 BDT profit. If you place a 300 BDT bet and win, you will receive a return of 400 BDT. Here, 300 BDT is your bet amount + 100 BDT profit = 400 BDT.
Decimal Odds:
These odds are very simple. If the odds are 2.50 and you bet 100 BDT, simply multiply the bet by the odds:
Stake x Odds = Total payout
100 BDT x 2.50 = 250 BDT
If your bet wins, your total payout will be 250 BDT, which includes 100 BDT as your stake and 150 BDT as your profit.
Fractional Odds:
To calculate the Fractional odds, multiply the stake by the fraction. If the odds are 5/2 and you place a bet of 100 BDT, your total payout will be 250 BDT.
(Stake x odds) + Stake = Total payout.
(100 BDT x 5/2) +100 = 350 BDT.
If your bet wins, your total payout will be 350 BDT, which includes 100 BDT as your original stake and 250 BDT as your profit.
Simply enter the amount you want to win and the odds calculator calculates the necessary odds to get that payout. It also calculates the probability of winning.
Benefits of using a betting odds calculator
Here are the key benefits of using a Betting Odds Calculator:
- Time-Saving: It calculates potential return and the chances of your winning instantly. So you get more time to focus on other things to make a better decision.
- Multi-Format Support: This odd calculator helps you to check between different types of odds like American, Decimal or Fractional. It also helps you to compare the odds among different sportsbook.
- Beginner-Friendly: Usability of the betting odds calculator is super easy. So as a beginner, you can use and navigate it easily.
- Risk Management: The calculator shows the probabilities of your winning and potential outcomes. This helps you to minimize your risks.
- Customizable Outputs: You can change different inputs to check and analyze your bets. You can also enter the desired payout and the odds calculator will tell you required bet amount and necessary odds.
Where Can You Place Your Bets in Bangladesh?
Now that you understand how to use the Betting Odds Calculator, the next question is — where should you place your bets?
To make the most of this tool, it’s important to use it while betting on reliable and trusted platforms. Whether you’re betting on sports like cricket, football, or tennis, or trying your luck with casino games, accurate odds and fast payouts matter. That’s why we’ve prepared a list of the best betting sites that accept players from Bangladesh.
These platforms not only offer competitive odds but also support local payment methods like bKash, Nagad, and more — making your betting experience smooth and secure. Use our odds calculator on any of these sites to instantly evaluate your potential winnings, compare different odds formats, and make smarter bets. Check out our top recommended betting sites below and start placing well-informed bets today!
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FAQ
How Do I Calculate Odds?
How Do Bookies Calculate Odds?
What is My Payout?
Why Use Odds Instead of Probability?
What Does +200 Odds Mean?
What is the Formula for Odds?
What is 1.5 in Betting Odds?
How to Analyze Betting Odds?
What is the Bet Amount?
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Content Writer
Rahman Hossain is a 45-year-old journalist from Bangladesh with a degree in Journalism and Mass Communication from the University of Dhaka. With over 15 years of experience in the betting industry, he is now one of the authors at bdbet.net,... More
