Calculating your potential sports betting profit before you place a bet takes 10 seconds and tells you exactly what you'll win or lose. Here's how to do it for any odds format.
Calculating Profit from American Odds
For negative odds (favorites): Profit = (Stake / |Odds|) × 100 Example: $150 bet at -150 → Profit = ($150 / 150) × 100 = $100 Total returned: $150 (stake) + $100 (profit) = $250
For positive odds (underdogs): Profit = Stake × (Odds / 100) Example: $100 bet at +230 → Profit = $100 × (230 / 100) = $230 Total returned: $100 (stake) + $230 (profit) = $330
Calculating Profit from Decimal Odds
Profit = Stake × (Decimal Odds - 1) Example: $100 bet at 2.40 → Profit = $100 × (2.40 - 1) = $100 × 1.40 = $140 Total returned: $100 × 2.40 = $240
A Quick Reference Table
| Odds | $100 Stake Profit | $50 Stake Profit | |———|——————————|—————————| | -200 | $50 | $25 | | -150 | $67 | $33 | | -110 | $91 | $45 | | +110 | $110 | $55 | | +150 | $150 | $75 | | +200 | $200 | $100 | | +300 | $300 | $150 |
Calculating Parlay Profits
Parlay payouts multiply. Convert each leg to decimal odds, multiply them together, then multiply by stake.
Example: $100 on three -110 legs:
- -110 = 1.909 in decimal
- 1.909 × 1.909 × 1.909 = 6.96 decimal odds
- Profit = $100 × (6.96 - 1) = $596
(The fair parlay would be $596, but books pay less for their margin)
[Track your actual profits and losses automatically with Oddible →]
