9 4 Odds Calculator
For example, the odds of your favorite football team losing a match maybe 1 to 5. The odds of you winning a lottery might by 1 to 10,000. On the other hand, the odds of the horse you bet on winning the race may be equal to 4 to 3. What do these numbers mean? There are two types of odds ratios: 'odds of winning' and 'odds of losing'. Bet Calculator Being able to calculate how much a bet returns for any given stake is one of the basics of betting and our Bet Calculator simplifies this process for bettors. A bet can be broken down into two elements; the Stake - how much you risk, and the Payout - your potential return including your Stake.
For example, 2 with 4,6,9 with 1,2,7,8,10 with 3,7,8 = (1 horse x 3 horses x 5 horses x 3 horses) = 45 possible combinations or $45 for a $1 Pick Four. Pick Six Calculator Select the winners in six races in a row. Odds Ratio Calculator. Use this odds ratio calculator to easily calculate the ratio of odds, confidence intervals and p-values for the odds ratio (OR) between an exposed and control group. One and two-sided confidence intervals are reported, as well as Z-scores.
One of the key concepts you need to understand as a punter is the relative value of a bet.
You can now judge the value of any bet, by using this Value Calculator, which takes a single bet and its probability of success and then calculates the likelihood of that bet turning you a profit (or loss) if repeated over 100 times. The greater the profit shown then the greater the value of the bet.
How to Use the Value Calculator
Here’s how to use it:
Entering the Odds
The first piece of information the calculator needs from you is the odds of your chosen bet. All you do in this first box is enter the odds of the market you want to back.
So let’s say for this example, we want to back Manchester United to beat Chelsea at the weekend at odds of 11/10. You would simply enter 11/10 in the Odds box.
Probability
So where do you find the probability of an event listed? In short you can’t.
Probability is just the chances of an event happening.
For example, guessing the correct card from a pack of 52, is a 51/1 chance of success, whereas guessing whether a coin will land heads or tails is about a 50/50 (even money) chance of success.
What you must do here is compile some research into your sporting event to come up with a realistic probability figure for your chosen bet.
As well as reviewing stats, take a keen interest in the events leading up a sporting event. If your bet is on a horse race, are the stable and trainer in form? Is the jockey winning races? Will weather conditions affect the ground in favour of your selection or against it? In a soccer match, look at the injuries and suspensions to see if key players will be playing or omitted, who is the referee, what will the weather be like?
By taking as broad a view as is practically possible, you can come up with an educated guess at a probability figure.
So going back to our example…
Let’s say you conduct some research into the Manchester United v Chelsea fixture and discover that all the stats point to a very good chance of a home win for Manchester United. Taking all things into consideration, you’d then calculate that United are around 75% certain to win the match.
You then enter this figure into the probability box next to the odds and click on the blue Calculate button.
Remember, probability is not an exact science, it is down to your judgement, but by thoroughly researching your market, you give yourself a much better chance of making a more accurate judgement and thus, getting a better reflection of the true value of a bet.
Value
Once you have clicked the blue Calculate button, the relative value of the bet based on the odds and probability is then calculated, with the result shown in the value box.
In our example above, the value of the Man Utd v Chelsea bet at 11/10 with a probability of around 75% of success is rated at 57.50.
Any positive figure represents a value bet, while any minus figure, represents a bet that is not good value, but what does this number actually mean?
Positive Value Figure v Negative Value Figure
What the Value Calculator does is calculate, based on the odds and the probability of an event succeeding, the long term value of a bet. In short, if the bet was placed 100 times, how often would it win and how much potential profit would that generate for the punter.
Therefore, any positive figure means the bet offers value as if the punter placed the same bet a 100 times, then they would turn a profit.
A negative figure however implies that this is not a good value bet as if the punter placed the bet 100 times, it would see them lose money.
The higher the positive figure, the greater value a bet is.
In our example above, we saw that our bet on Manchester United to beat Chelsea offers a little value, but if the odds on a Manchester United win were shorter, or their chances of success in winning were smaller (or a combination of both these factors) then this would change.
Let’s now say that the odds on Manchester United winning have shortened to 8/13 but after reviewing the data, we feel United’s chances of success are now around 50%, rather than 75%.
With this new data, the value of the bet is reversed. Now over 100 bets, we are forecast to make a loss of £19. Therefore, with these new odds and probability figures, this is not a value bet.
The Value Calculator is a good way to ensure that the bets you make offer decent value, both in terms of return and potential success, but key to its functionality and reliability, is the amount of research you put in to ensure your probability figure is as accurate as possible.
Use the Multi Bet Calculator here
- Decimal:
- Fractional:
- American:
9 4 Odds Calculator Bankrate
What is a multibet?
A multibet (or multi for short), also known as a 'Parlay' or 'Accumulator', is a bet type that combines a series of single bets (also known as legs within a multi) into one bet. The odds in the bet multiply for every additional leg you add to the multibet. There has to be a minimum of two legs in your bet to be classified as a multibet. The maximum number of legs in a multi is dependent on the bookmaker you are placing the bet with. A multibet requires all legs to win to be successful. That is, if one leg loses, your entire multi loses (that’s why you usually get big odds for adding more legs)! A multibet can combine different bet types across a range of markets as long as they are not conditional (such as Team A to Win the 1st Quarter and Team A to clear the 1st Quarter Line). Some bookmakers, however, now offer 'Same Game Multis', allowing users to combine multiple markets from the same event. The odds for Same Game Multis are calculated differently and are different to the Multi Calculator on this website.
Some bookmakers now also allow bettors to 'cash out' before all legs of their multibet have resulted. For example, if the bettor had a 7 leg cheeky multi and the first 6 legs have already won, they could choose to accept an amount lower than what they stand to win if the final leg wins, but removes the stress and gives a guaranteed payout.
How does the Multi Calculator work?
What Does 9/4 Odds Mean
Our Multi Calculator quickly calculates the total odds for your multibet. You can enter the odds of each leg and the calculator will then tell you how much the overall multi is worth; the total value of the odds.