How to calculate a bet payout
Your payout depends on two things: how much you stake and the odds. With American odds, a positive number (like +150) is how much profit you win on a $100 stake, and a negative number (like -150) is how much you must stake to win $100. This calculator does the math for any stake instantly, showing both your profit and your total payout.
The formulas
- Positive odds (+150): profit = stake x (odds / 100). A $100 bet at +150 wins $150 profit.
- Negative odds (-150): profit = stake x (100 / odds). A $150 bet at -150 wins $100 profit.
- Total payout: stake + profit. That is the full amount the sportsbook returns when you win.
- Implied probability: 100 / decimal odds. It is the break-even win rate the price is pricing in.
Does the payout include my stake?
Yes. Total payout is your original stake plus your profit. Most sportsbooks show the total payout (sometimes called "total return") on the bet slip, while this calculator shows you both numbers so there is no confusion: profit is what you gain, payout is what lands back in your account.
Why the price matters more than you think
The same bet at a better number pays more every single time you win. A few cents of odds looks tiny on one bet, but across a season it is the difference between a winning year and a losing one. That is why getting the best available price before you bet is the most reliable edge there is.
The Wise Guy Team way
Know your payout before you bet, then make sure no other book is offering a better one. We shop every regulated US book automatically so you never leave money on the table, and we post documented plays every day.
Frequently asked questions
How do you calculate a bet payout?
For positive odds, profit = stake x (odds / 100). For negative odds, profit = stake x (100 / odds). Total payout is stake plus profit.
Does the payout include your stake?
Yes. Total payout equals your stake plus your profit. Profit alone is just the amount you win on top of the stake.
What does +150 pay on $100?
$150 profit, for a total payout of $250 (your $100 stake plus $150 winnings).
What does -150 pay on $100?
About $66.67 profit, for a total payout of roughly $166.67. Negative odds mean you risk more than you win.
What is implied probability?
The win rate the odds are pricing in (100 divided by decimal odds), which is also the break-even rate you must hit to profit.
How do I get a bigger payout on the same bet?
Bet it at a better price. Shopping books for the best odds increases your payout every time the bet wins.
21+. For entertainment and educational purposes, not financial advice. If gambling stops being fun, take a break. 1-800-GAMBLER.