1. What is Sports Bet Payout?

The sports bet payout is the total amount you receive if your bet wins, including your original stake. It's calculated based on the odds format (American in this case) and your bet amount.

2. How Does the Calculator Work?

The calculator uses the American odds payout formula:

Where:

• \( Bet \) — Your original wager amount
• \( American\ Odds \) — The odds in American format (+/-)

Explanation: Positive odds show how much profit you'd make on a $100 bet. Negative odds show how much you need to bet to win $100.

3. Understanding American Odds

Details: American odds (moneyline odds) are expressed with a plus (+) or minus (-) sign. +200 means you win $200 on a $100 bet, while -200 means you need to bet $200 to win $100.

4. Using the Calculator

Tips: Enter your bet amount in dollars and the American odds (with + or - sign). The calculator will show your total payout including your original stake.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between payout and profit?
A: Payout includes your original bet, while profit is just the winnings. A $100 bet at +150 pays out $250 ($150 profit + $100 stake).

Q2: How do I convert American odds to decimal?
A: For positive odds: (American odds/100) + 1. For negative odds: (100/|American odds|) + 1.

Q3: What does -110 mean in betting?
A: -110 means you need to bet $110 to win $100 (common point spread odds).

Q4: How do bookmakers set odds?
A: Odds reflect probability and include a bookmaker's margin. Lower probability = higher potential payout.

Q5: Are payouts guaranteed?
A: Payouts are only guaranteed if your bet wins. Always check sportsbook rules for specific scenarios.