Sports Betting Odds Calculator
How does the Kelly criterion calculator work?
By entering your bankroll, the odds and your estimated probability of winning, the Kelly Criterion calculator will tell you how much you should wager on a certain event to maximise your value and profit.
Use the Kelly Criterion Calculator here
The (-323) odds on Kansas City converts to a 76.36% implied probability of winning. Implied Probability Calculation For Positive American Odds. To calculate the Dolphins implied probability at (+275) moneyline odds, take a look at the implied probability for positive American odds formula: Implied Probability = 100/(Odds + 100). 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.
| 0.1 | 0.2 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 0.9 | 1 |
According to the Kelly criterion, you should place a wager of approximately 1.18% of your account balance on this selection.
After applying the fractional Kelly value of 0.04, this adjusts to a wager of approximately 1.71% of your account balance.
Based on your account balance of $1,000, this equates to a wager of $11.76.
The expected value of this wager is approximately $11.76*[(0.68)(0.60) + (-1)(0.4)] = $0.09, which equates to a 0.80% return on the funds wagered.
The Kelly criterion returned a value of -0.0061.
After applying the fractional Kelly value of 0.0, this adjusts to -0.0061 of your account balance.
Because this number is below 0 you should not back the selection at the available odds.
Parlay Calculator
What is the Kelly Criterion?
Money Line Bet Calculator
The Kelly Criterion is a method by which you can used your assessed probability of an event occurring in conjunction with the odds for the event and your bankroll, to work out how much to wager on the event to maximise your value. By inputting the odds, the probability of the event occurring and your betting balance, you will be able to determine the amount you should wager on the event. The fractional Kelly betting input is a way to change how aggressive or conservative you are with your wagering (1 being the standard and moving towards 0 the more conservative you wish to be with your wagering). Ultimately, the Kelly Criterion calculator, if you are accurate with your assessed probability should increase your value and profit over a long-term period.
Teaser bets are a very popular sports bet. Especially in football and basketball, because a football teaser bet allows you to adjust the point spread in your favor. Teasers allow you to have an advantageous point spread while selecting 2 to 8 teams or more depending on the sportsbook. You may tease a side or a total of a football game and also cross sports by teasing football games with basketball games.A teaser bet is kind of like a parlay, but you are buying points in your favor as it relates to the point spread. For instance, let's say that you wanted a three team 4 point teaser for Sunday's football games.
Sports Betting Payout Calculator
- Let's say that you picked these three teams to win:
- Washington Redskins to win
- Pittsburgh Steelers to win
- Detroit Lions to win
Sports Betting Calculator
Now let's say that all three of these teams were 6 point underdogs. So, in the three team, 4 point teaser, you would get an extra 4 points in each game, meaning that instead of a 6 point spread, it would be a ten point spread. A teaser bet is a lot like a parlay bet, all of the games you picked must win in order for you to win. As well because you are 'buying' points, the win return is smaller.
Use our Teaser Calculator to determine the outcome of any particular teaser combination. Our Teaser Calculator allows you to select up to 12 teams in a teaser bet.