5 Great Calculators for Sports Wagering

December 28, 2020
J. Jefferies
Knowledge

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What is a Betting Odds calculator, and why such a calculator for sports wagering is needed?

Myself, I always achieved better grades in high school math class than in various literature or science classes. I do believe I even helped keep Cliffs Notes profitable throughout my high school education. Truth be told, I even browsed through the Cliffs Notes and do not believe I ever read a single one cover to cover.

Anyway, if I were more competent with computer programming, I would invent a calculator for sports wagering myself, keeping it offline, factoring in a Kelly Criterion or Paroli betting system model for money management, and further factoring in the amount needed to wager per money line odds in order for me to achieve whatever amount desired.

Thankfully, nowadays, there are already a few solid sports betting calculators available online.

What Is a Calculator for Sports Wagering Anyway?

Simply put, a calculator for sports wagering, otherwise referred to as a betting odds calculator, enables one to enter his or her stake and odds in various formats – American, Fractional or Decimal – in order to quickly and accurately determine the potential payout for your wagers. Of course there are quite a few available online currently for free, and it is really up to you to decide which one(s) you are most comfortable with.

List of 5 Great Calculators for Sports Wagering

Ok, so here are my five picks for great calculators for sports wagering. All are free and online.

Betting Odds Calculator – By: ActionNetwork.com
Parlay Calculator – By: ActionNetwork.com
Kelly Criterion Calculator – By: OddsCoach.com
Betting Odds Calculator (great for Money Line wagering) – By: US-Bookies.com
Implied Probability Calculator – By: MMABettingTips.com

Conclusion

Like I said, one of these days I would like to generate my own calculator, keep it out the hands of the internet, just an excel spreadsheet or something with formulas I frequently utilize to calculate win percentage, amount I want to wager based on my bankroll, and other scenarios. However above online calculators for sports wagering are great tools for the time being.

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