1. What is the Payout Formula?

The payout formula calculates the total return from a bet, including the original stake. It's a simple multiplication of the stake by the odds.

2. How Does the Calculator Work?

The calculator uses the payout formula:

Where:

• \( Stake \) — Amount of money wagered ($)
• \( Odds \) — Decimal odds representing the payout ratio

Explanation: The formula multiplies your stake by the odds to determine your total return (stake + profit).

3. Importance of Payout Calculation

Details: Calculating potential payout helps bettors understand their potential returns and make informed betting decisions.

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: What are decimal odds?
A: Decimal odds represent the total payout per unit staked, including the original stake. For example, 2.50 means you get $2.50 for every $1 bet.

Q2: How is this different from fractional odds?
A: Decimal odds include the stake in the calculation, while fractional odds show the profit relative to the stake.

Q3: What's a good odds value?
A: Higher odds mean higher potential payout but usually indicate lower probability. Value depends on the actual probability of the outcome.

Q4: Does this calculator account for taxes or fees?
A: No, this calculates gross payout before any deductions. Check local regulations for tax implications.

Q5: Can I use this for parlay bets?
A: No, this is for single bets only. Parlays require multiplying odds for each selection in the bet.