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Payout Formula:
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The Odds Payout calculation determines the total amount returned to a bettor, including the original stake, based on decimal odds. It provides a clear understanding of potential winnings from a successful bet.
The calculator uses the payout formula:
Where:
Explanation: The formula calculates the total return by multiplying the stake by the sum of the odds plus one, which includes both the original stake and the profit.
Details: Accurate payout calculation is essential for bettors to understand potential returns, compare betting opportunities, and manage their betting budgets effectively.
Tips: Enter the stake amount in your preferred currency and the decimal odds. Both values must be positive numbers to calculate the potential payout.
Q1: What are decimal odds?
A: Decimal odds represent the total payout per unit staked, including the original stake. For example, odds of 2.50 mean you receive 2.50 units for every 1 unit wagered.
Q2: How do decimal odds differ from fractional odds?
A: Decimal odds include the stake in the return calculation, while fractional odds show only the profit. Decimal odds of 3.00 are equivalent to fractional odds of 2/1.
Q3: Can this calculator be used for any currency?
A: Yes, the calculator works with any currency as long as you consistently use the same currency unit for both stake input and payout result.
Q4: What if the odds include the stake?
A: The formula already accounts for this. Decimal odds by definition include the stake, which is why we add 1 in the calculation (odds already represent total return per unit).
Q5: Are there any limitations to this calculation?
A: This calculation assumes standard decimal odds format. Some betting markets may have different odds structures or additional factors like bonuses or promotions that affect the final payout.