To determine the worth of your bet, you need to consider a few factors:
1. **Type of Bet**: Different types of bets (e.g., moneyline, spread, over/under, parlay, etc.) have different calculations for determining the payout.
2. **Odds**: The odds provided by the bookmaker will determine how much you stand to win from your bet. There are three common formats for odds: decimal, fractional, and American.
3. **Stake**: This is the amount of money you are betting.
Here’s how you can calculate the potential payout for different types of odds:
– **Decimal Odds**: Multiply your stake by the decimal odds to determine the total payout (your stake plus winnings). For example, if you bet $10 at 2.0 odds, the total payout would be $10 * 2.0 = $20.
– **Fractional Odds**: Multiply your stake by the first number in the fraction and then divide by the second number to determine the profit. For example, if you bet $10 at 3/1 odds, the profit would be $10 * 3 = $30, and the total payout would be $30 (profit) + $10 (stake) = $40.
– **American Odds**: These are represented by a positive or negative number. For positive odds, you can calculate the profit by dividing the odds by 100 and then multiplying by your stake. For negative odds, you subtract 100 from the odds, divide by the result, and then multiply by your stake. For example, if you bet $10 at +300 odds, the profit would be ($300 / 100) * $10 = $30, and the total payout would be $30 (profit) + $10 (stake) = $40.
Remember that these calculations will give you the potential payout if your bet is successful. If your bet loses, you will lose your stake. Always check with your bookmaker for the exact terms and conditions of your bet.