The Bettor Toolbox is a collection of sports betting calculators and other useful resources and tools for sports bettors.
Each one of these sports betting calculators are designed to be easy to use and informative, giving you the data and insights you need to make informed betting decisions. Whether you’re a beginner or an experienced bettor, The Bettor Toolbox has something for everyone. So, stay a while and craft some bets!
Odds Converter
Parlay Calculator
Payout Calculator
How Odds Are Calculated In Sports Betting
Decimal odds, are a way of expressing odds commonly used in Europe and Australia. They represent the total potential payout on a bet, including the initial stake.
American odds, also known as moneyline odds, are a way of expressing odds commonly used in the United States. Positive American odds represent the potential profit on a $100 bet, while negative American odds represent the amount that must be wagered to win $100.
To use the calculator, you need to enter the odds for each selection in your parlay, along with the amount you want to bet. The calculator will then display the potential payout for your parlay bet. It’s important to note that a parlay bet involves betting on multiple selections, and all selections must win for the bet to be successful.
To use this calculator, enter the bet amount and odds for a bet in the respective input fields. Then, click the “Calculate Payout” button to calculate the potential payout and implied winning probability.