The sports betting odds calculator allows you to convert betting odds across American and Decimal odds. The odds calculator will also tell you the equivalent implied probability of. Your sportsbook may manipulate the odds to incentivize bets on a certain side, and the sum of the probabilities for a single event will always surpass 100 percent because the sportsbook takes a cut that is baked directly into the odds. Odds also reveal how much the book is charging to take your bet. The converter and calculator is a valuable tool if you’re using a sportsbook that primarily utilizes odds in a format that you are not familiar with using. Most sportsbooks allow players to switch odds types, but this feature is not universal at all betting sites. Our odds calculator is perfect for showing you how to calculate potential winnings for all types of sport wagers. It indicates how much you will win based on the odds and total wagered. That way, you’ll know the exact amount you would win prior to placing any picks at your favorite sportsbook.