1. What is the Betting Winnings Formula?

The betting winnings formula calculates your potential profit from a bet based on your stake and the odds offered. It helps bettors understand their potential returns before placing a wager.

2. How Does the Calculator Work?

The calculator uses the simple winnings formula:

Where:

• \( Stake \) — Amount of money wagered (USD)
• \( Odds \) — Decimal odds offered by the bookmaker

Explanation: The formula multiplies your stake by the odds to get total returns, then subtracts your original stake to show just the profit.

3. Importance of Calculating Winnings

Details: Understanding potential winnings helps with bankroll management, comparing betting opportunities, and making informed betting decisions.

4. Using the Calculator

Tips: Enter your stake in USD and the decimal odds. Both values must be positive numbers (odds must be ≥1).

5. Frequently Asked Questions (FAQ)

Q1: What are decimal odds?
A: Decimal odds represent the total return for every $1 wagered, including the original stake. For example, 2.50 means you get $2.50 back for every $1 bet.

Q2: How is this different from American odds?
A: American odds use positive/negative numbers (e.g., +150 or -200). This calculator uses the simpler decimal format common in Europe and Australia.

Q3: What does negative winnings mean?
A: Negative winnings would indicate a losing bet, which isn't possible with this formula as it only calculates potential profit from winning bets.

Q4: Can I use this for parlay bets?
A: For parlays, you would first multiply all the individual odds together to get the combined odds, then use that in the calculator.

Q5: Does this account for bookmaker commission?
A: No, this calculates gross winnings. Some bookmakers may deduct commission from winnings depending on their rules.