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Odds Calculator 2024

Sports Betting Odds Calculator

Last Updated on 14/04/2024
Fact checked by: Jordan Noble

Figuring out if certain bets are going to give you enough value or not can be a real pain and honestly, just painstaking work altogether. Well, with our odds calculator, it no longer has to be.

Here at Betting.co.uk, we have put together our odds calculator so that punters have a much better chance to find the genuine value bets that are out there. You can use our odds calculator to compare the odds on different sites, work out the most lucrative payouts and more. Read on to learn more about it.

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Odds calculator

What is an odds calculator? - the basic idea

There are plenty of sporting events online for you to bet on at any given time. All of these events will have varying odds and sometimes, depending on the sportsbook, they may show you different types of odds. These odds include American moneyline odds, decimal odds and the favourite in Great Britain, the fractional odds.

Whatever the case may be, these odds will reflect the chances that each team or player has to win a match or tournament. As such, it is up to the punter to decide whether or not a set of odds is going to provide them with enough value to bet. This can be tricky to see with the naked eye. Of course, it's easy enough to see who the favourite is based on the numbers but that does not mean that you are able to immediately know what your payout will be based on a certain wager. That is why, for odds calculator betting, our odds calculator is to make your life much easier in this regard.

Get the most out of all sportsbooks

Whether you are a fan of the English Premier League or a fan of any other sport around the world, there will always be odds on the teams involved in the fixtures. When you are unsure about the overall value of these odds or what your potential payout could look like, that is where we step in. Our odds calculator is one of many calculators that we have on our site, like our matched betting calculator and our lucky 15 free bet calculator. And like those calculators, our odds calculator makes your life easier by running the numbers for you. It takes the odds of a potential bet that you want to make and shows you what the payout could be. While this is certainly the most poignant benefit of the odds calculator we provide, there are several other factors that make it so useful to punters.

Why you need an odds calculator - saving you time and energy

If you consider yourself to be someone who just bets for fun or who is merely a part-time punter, then you’ll no doubt be wondering why you would need an odds calculator in the first place. Well, there are plenty of reasons why our odds calculator is good for your betting endeavours in the long run:

Covering all markets and bet types

Our odds calculator is obviously able to calculate your potential payout for you but it also covers a range of different betting types and markets as well. For example, you don’t need to just enter in a single bet to find out what your payout would be with a certain wager. Instead, you can check out how the odds and your wager impact your payout in a complex accumulator bet as well. We cover everything from each-way bets to acca bets and more with our odds calculator. Our odds calculator sports some of the best software which is why so many people opt to use it for their upcoming bets.

Check out these great sportsbooks with great odds:

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Why you need to use an odds calculator - the benefits

Aside from the fact that our odds calculator is the easiest way for you to determine your payout potential, it is also great for saving you time and energy. The time you would spend trying to find a value bet or trying to figure out what the odds mean for your wager and your payout can now be used more effectively on doing more research on upcoming fixtures. That’s not all though:

Shop around for the best bets:

One of the biggest reasons that punters use our odds calculator is because it helps you determine which sportsbooks are giving you the best value odds. For example, you could compare odds from sportsbook A to sportsbook B on the same fixture and determine which one is giving you the best implied probability. You simply enter in the odds for sportsbook A to see what the payout would be and then repeat the same process for sportsbook B. From there, it becomes a whole lot easier to determine which sportsbook is giving you the better value for your money. Our odds calculator sports feature can essentially ensure that you are always getting the most out of a certain bet, as long as you put that little bit of extra work into checking out different sportsbooks.

Top tips for using an odds calculator for the first time - what to keep in mind

Our odds calculator was put together to not only help you out with your bets but also to be easy to use. While it may be easy to use, there are still a couple of things you should keep in mind when using it. Here are a couple of tips to help you along:

Kick things off with a simple single bet

Yes, our odds calculator can cover a number of different and complex betting types but it's important that you start off nice and easy. Even if you are an experienced online sports betting fan, start slow with our odds calculator so that you can get a feel for how it works. From there, you can start moving onto bigger and more complex betting types. 

Think about what odds work best for you:

As we mentioned earlier, there are 3 main types of odds for you to choose from. Most of the best sportsbooks in the UK will give you the option to switch the odds you view on their homepage. Decide which of these odds you prefer and then come back to our odds calculator and use those as your go to option for working out the payouts of your bets. 

Always double-check the details you entered

And lastly, whenever you are entering specific details into our odds calculator, make sure that you double-check that they are accurate. If you enter your odds or wager amount into the calculator incorrectly, it's going to throw up figures that don’t make sense. This could ruin your chance for a good bet or send you towards a misguided bet as well. So, always make sure you take the time to check that you have entered the odds and wager amount correctly. 

Other calculators we offer at Betting.co.uk - plenty of other options available

Here at Betting.co.uk, we don’t just stop at one calculator, nope, we offer you the best betting calculator UK has to offer. Our calculators cover a range of betting types, including a bet calculator tricast option, and that is meant for both various betting markets and even sport-specific at times. Here are some of the best calculators that we offer on our site right now:

  • Betting odds calculator: Our betting odds calculator can help you determine the payout of any and all bets you are looking at.
  • Accumulator calculator: Our accumulator calculator can help you figure out the best way to approach your acca/parlay bets in terms of odds and the overall value of your bet.
  • Odds value calculator: This calculator is great for finding value bets and figuring out what sportsbooks are giving you the best odds on certain matches.
  • Betting odds converter: This is useful if you are ever trying to get the hang of different odds types. We convert every odds type into either American moneyline odds, fractional odds or decimal odds.
  • Hedging calculator: Been thinking about hedging your bets? Well, our hedging calculator will help you understand exactly what you need to bet to ensure a profit. Hedging your bets can be a tricky process and doing it off of the top of your head can lead to errors. Mitigate these errors by using our hedging calculator.
  • Sports betting hold calculator: With this useful tool, you can find out exactly what hold percentage a sportsbook is placing on your bets. Most sportsbooks will have a hold percentage placed on your wagers. Know exactly which sportsbooks are using fair hold percentages and which sportsbooks are possibly taking it too far.
  • Spread to moneyline converter: If you are more familiar with American odds, then a  spread to moneyline converter can convert your points spread bet into basic moneyline odds.

We have plenty of other calculators available as well. You can check out our dutching calculator football tool or our lucky 15 bet calculator as well.

Calculator overview:

Conclusion to using our odds calculator

Using our odds calculator is the simplest thing in the world to do. It should now be clear to you exactly why this tool is so useful in your betting endeavours. From determining your payouts to finding out which operators frequently offer you the best value bets, our odds calculator is the way forward. Remember, you can check back with us at any time to use our odds calculator as it is completely free. We are here to make your betting journey that much easier and that is what we aim to do with tools like our betting odds calculator.

Our favourite bonuses for sportsbooks with great odds:

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Odds Calculator 2024 FAQ

🎾Can I use an odds calculator for any sport?

This is a question that a lot of new punters will ask and it is a fair question. An odds calculator can be used for a host of different reasons but they may not always include specific sports in their uses. Our guide to using our odds calculator here at Betting.co.uk, will show you what calculator on our site is best suited to certain sports and certain betting types as well.   

🔐Are odds calculators reliable to use?

It may come as a concern to some punters as to the reliability of our odds calculator. One thing is for sure, it is 100% more effective than trying to work out your payouts and value bets in your own head. Simply check out our guide to find out why our odds calculator is considered the most reliable in the UK right now.   

💲Do I have to pay to use an odds converter calculator

There are plenty of online odds calculators in the UK right now and some of them may well charge you to use their service. This is borderline diabolical, as this service should always be free for punters to avoid making mistakes with their bets. Here at Betting.co.uk we don’t charge you a cent to use our calculator tools. Check out our guide to see why our odds calculator is the number one free calculator tool in the UK at the moment.    

If you are someone who enjoys creating complex acca bets or proposition bets, it would be fair to wonder if our odds calculator could help you in this regard. Well, we have put our guide to using our odds calculator together to show you exactly where it can be used and what betting types it is most effective for.

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