A parlay is a single bet that links together two or more individual wagers for a high payout. For a single bet, 2 to 8 teams or totals can be selected. In order for the parlay bet to win, every one of the wagers must win or push tie. If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number.
For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet. CO Gambling problem? Call Indiana Self-Restriction Program.
NJ Bet with your head, not over it! Gambling Problem? The odds converter below will do all that and more with one easy click. Next, you need to know which kind of odds you want to establish for a baseline. These fractional odds are standard in many parts of Europe and elsewhere, but some bettors might be more comfortable using traditional American odds. It will also show the same odds in decimal and percentage chances of winning implied odds. Decimal odds are also far more common in Europe and other parts of the world.
They can be confusing for U. Again, our free odds calculator can easily convert decimal odds to American, fractions or percentage format. At certain online bookmakers, one might find the Los Angeles Lakers with moneyline decimal odds of 1. What does that mean? Essentially, decimals show the potential payout for every dollar wagered. The Lakers at 1. Simply change the preferred format to decimal, enter 1.
A good gambler is looking for value in numbers more so than value in teams or players. Our odds calculator provides those hard numbers instantly, calculated automatically, in all different formats, so that bettors know all the exact numbers before making an informed decision on which outcome to back at their favorite sportsbook. Then go to our parlay calculator , plug in the odds and see the potential payout. The betting calculator can help with all sorts of wagers.
Point spread is the most common form of betting in the U.
Calculating the winning percentage is equivalent to estimating a proportion of wins in total number of games. If there are no tie results, you need to divide the number of wins by the total number of games wins and losses :. For example, let's assume that your favorite basketball team has played 82 games and won 48 of them.
Their winning percentage is. If on the other hand, you want to include ties into the whole calculation, the formula gets a bit more complicated. In such a case, you can calculate the percentage in the following way:. For this equation, the number of games is the sum of win, loss, and tie results on the team's record. To get a better understanding of this formula, let's consider the following example: a football team playing in the National Football League has played 16 games in total.
They lost 4 of them and got a tie result in 5. What is their winning percentage? Instead of calculating the win percentage, you should use our odds calculator to determine the chances you have when betting on them. Embed Share via. Number of games. Decimals quote the potential return should the bet succeed, relative to the stake.
Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake. Odds correlate to probability. The moneyline is one of the most common bets. This is a straight-up bet. 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.
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Embed Share via. Number of games. Winning percentage. Advanced mode. Check out 9 similar percentage calculators. Percent off. Percent error. Convert fraction to percentage. Table of contents: Win percentage formula How to calculate winning percentage with ties? Should you bet on this team?