The Betting Odds Calculator is one of the best calculators for sports betting. It provides the implied probability of the bet and then calculates the Kelly Criterion and the Expected Value (EV). It also displays the To Win Amount and the Expected Payout. This odds calculator supports American, European, Hong Kong, and UK betting odds.
Betting Odds Calculator
Implied Probability:
Kelly Criterion:
Expected Value:
To Win Amount:
Expected Payout:
Implied Probability:
Implied probability represents the likelihood of an event occurring based on the odds provided by the bookmaker. It is calculated from the odds and indicates the bookmaker’s perspective on the probability of an outcome.
Kelly Criterion:
The Kelly Criterion is a formula that helps determine the optimal percentage of your bankroll to bet in order to maximize long-term growth and minimize the risk of ruin.
Expected Value (EV):
Expected value is the average amount that you can expect to win or lose per bet in the long run, considering both the odds and the probabilities of outcomes.
To Win Amount:
The “To Win Amount” refers to the profit you stand to make if your bet is successful.
Expected Payout:
The Expected Payout is the total amount you would receive if your bet wins.