1. What is the Betting Payout Formula?

The betting payout formula calculates your total return (stake + winnings) when placing a bet with American odds. It's essential for understanding potential returns before placing wagers.

2. How Does the Calculator Work?

The calculator uses the payout formula:

Where:

• \( Stake \) — Amount wagered (in currency)
• \( Odds \) — American odds (positive number)

Explanation: For positive American odds, the formula shows how much you win for every $100 wagered, plus your original stake.

3. Importance of Payout Calculation

Details: Calculating potential payouts helps bettors make informed decisions, compare betting options, and manage their bankroll effectively.

4. Using the Calculator

Tips: Enter your stake amount and the positive American odds. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What are American odds?
A: American odds show how much profit you'd make on a $100 bet (positive odds) or how much you need to bet to win $100 (negative odds).

Q2: How does this differ for negative odds?
A: For negative odds, the formula changes to: Payout = Stake * (100 / |Odds| + 1)

Q3: Does this include my original stake?
A: Yes, the payout amount includes both your winnings and original stake.

Q4: What's the difference between payout and profit?
A: Profit is payout minus stake. This calculator shows total return (payout).

Q5: Can I use this for decimal odds?
A: No, for decimal odds simply multiply stake by the decimal odds number.