1. What is the Winning Bet Formula?

The winning bet formula calculates your potential profit from a successful bet. It takes into account your stake (the amount you wager) and the odds (the potential return multiplier).

2. How Does the Calculator Work?

The calculator uses the winning bet formula:

Where:

• \( Stake \) — The amount of money you wager
• \( Odds \) — The decimal odds of your bet

Explanation: The formula subtracts 1 from the odds because the original stake is returned along with the winnings in a successful bet.

3. Importance of Bet Calculation

Details: Calculating potential winnings helps bettors make informed decisions about their wagers and manage their bankroll effectively.

4. Using the Calculator

Tips: Enter your stake amount in your preferred currency and the decimal odds offered by your bookmaker. Both values must be positive numbers (odds must be ≥1).

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between decimal and fractional odds?
A: Decimal odds represent the total return (stake + winnings), while fractional odds show the profit relative to the stake.

Q2: Does this calculator account for taxes or fees?
A: No, this calculates gross winnings before any deductions. Check your local regulations for tax implications.

Q3: What if my bet is part of a parlay/accumulator?
A: This calculator is for single bets only. Parlay winnings require multiplying all odds together before applying to the stake.

Q4: How do I convert American odds to decimal?
A: For positive American odds: (American odds/100) + 1. For negative: (100/|American odds|) + 1.

Q5: What does "odds - 1" represent in the formula?
A: It represents the profit multiplier, excluding the return of your original stake.