/200012082-001-56b746555f9b5829f837fb0c.jpg "Is sports gambling profitable")
Arbitrage Calculator Shrewd sports bettors can use hedging and arbitrage to lock in a guaranteed profit regardless of the result of a sporting event. Hedging your bets allows you to take advantage. When you click “Calculate” you see that the proper amount for the hedge bet would be $273.02 and your locked-in profit would be $126.98. This means that you would have captured 63.49% of the. A betting odds calculator and converter multiplies the stake by the odds to determine the potential profit on your sports betting wagers. Simply enter your stakes and odds, and our tools will tell you how much.
How to use the DonBest.com Parlay Calculator
In the boxes under 'Odds' enter the moneyline odds of each game in your parlay.
If you choose a favorite, you must enter the moneyline with a minus (-) sign at the beginning (e.g. -120). Note: Most standard pointspread and total wagers have -110 moneyline odds.
If you choose an underdog, simply enter the moneyline odds; no plus sign (+) is necessary (e.g. 120).
Sports Gambling Payout Calculator
Do not include decimal points.
Ignore the boxes that are not included in your parlay (leave '0' in each box; they will not be factored into the parlay).
Enter the amount of your wager in the box next to 'Amount($)' and click on 'Calculate'. The amount of a winning parlay wager will appear in the box next to 'Payout'. Note: The 'Payout' does not include the amount wagered.
Calculate Sports Betting Payout
To calculate another parlay, click 'Clear' and start again.
Sports Gambling Odds Calculator
Good luck!