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Betting Calculators

We’ve put together six free sports betting calculators to help you figure it out. Pick a calculator, enter your odds and stake, and see the results straight away. They work across NFL, NBA, MLB, NHL and other sports, and you don’t need an account to use them.

Dan Anderson
Written by Dan Anderson
Senior Sports Betting Analyst 1 min read
  • Parlay Calculator

    Calculate parlay odds, potential profit and total payout.

    Find out how much you could win by combining multiple selections into a single parlay. Enter your stake and the odds for each leg to see your combined odds, potential profit and total return. You can add or remove picks to see how they affect the payout.

  • Odds Calculator & Converter

    Convert American, decimal and fractional odds and see implied probability.

    Easily convert betting odds between American, decimal and fractional formats. The calculator also shows the implied probability behind the odds, making it easier to understand betting prices and compare them across sportsbooks.

  • Round Robin Calculator

    See how many parlays are created, the total cost and possible returns.

    Explore different round robin combinations without having to calculate each parlay separately. Choose your selections and combination size to see how many bets are created, your total stake and potential payout. You can also enter individual results to work out your actual return.

  • Hedge Calculator

    Work out how much to bet on the opposite outcome to balance your returns.

    Calculate how much to wager on the opposite side of an existing bet to reduce your risk or secure a profit when possible. The tool compares your original bet with the available hedge odds and shows your potential profit or loss for either outcome.

  • Bonus / Free Bet Calculator

    Calculate free bet winnings, stake-not-returned payouts and promotional value.

    See how much a sportsbook bonus bet or free bet could actually pay. Enter the promotional stake and odds, then choose whether the stake is returned to calculate your potential cash winnings and better understand the value of an offer.

  • No-Vig Calculator

    Remove the sportsbook's margin to estimate fair odds and probabilities.

    Strip out the sportsbook's built-in margin, known as the vig or juice, to estimate fair betting odds. The calculator shows the margin, adjusted probabilities and no-vig prices for both two-way and three-way markets, helping you compare betting lines more accurately.

Frequently Asked Questions

Dan Anderson

About the author

Dan Anderson

Senior Sports Betting Analyst

Dan Anderson is a Senior Sports Betting Analyst at Livesportsontv.com, specializing in NFL odds, bankroll management, and sportsbook promotions with over a decade of industry experience.