Online sports betting tools, calculators and software
Online sports betting apps are popping up all over the United States. Almost two dozen states already have sports betting in some format, and more are on the way. State legislatures are beginning to seize the great opportunity offered by the sport as impatient punters wait for regulation in their home states.
As a result, the United States is becoming a hotbed for sports betting, and many states that have sports betting allow online betting. This means that bettors can place bets online through desktop or mobile devices, making sports betting easier than ever.
In addition, playing on legal, licensed and regulated sports betting protects you as a player. Fortunately, there is a wide variety of options to choose from.
Simply put, sports betting is making its way in many corners of the United States. Below we have created exclusive sports betting tools and calculators to help you bet better!
What types of sports betting tools and calculators are there?
|Sports betting tools||What he does|
|Moneyline||The simplest calculator of all. Just enter your odds and the bet, and see the potential payout.|
|Arbitration||Determine if betting on two different teams on the same game on two different sports bets will change the odds to give you a guaranteed profit.|
|Martingale||This will determine how much you will need to bet to recover the losses.|
|Odds converter||An automated way to convert one shape of dimensions to a different shape. For example, American odds versus decimal or fractional odds.|
|Propagated||Compare the spreads on different sports bets to determine the best bet.|
|Futures contracts||Determine the implied probability based on all future odds for a given sport.|
|Kelly Criterion||Calculate how much of your bankroll you should be based on the probability of winning an outcome.|
|Return on investment calculator||Calculate the projected payoffs of a bet over the total cost of the bet to determine your potential return on investment (ROI).|
|3 Way Fair Odds No Vig||For events where a tie is possible (like football), the three-way fair odds calculator eliminates the vig and presents the odds as a percentage (implied probability) to better clarify the three options.|
|Fair odds||This one also removes the vigor of the odds, but designed for two possible outcomes: win or lose.|
|Implied probability||Implied probability is simply the US odds presented as a percentage rather than plus (+) and minus (-) lines.|
|Speak||Before placing a bet bet, use the bet calculator to make sure that you are taking a higher risk for an attractive winning potential.|
|Super Bowl Squares||Super Bowl Squares Online With Friends (No Account Required)|
How to use an odds calculator
Odds calculators help you determine what your winning would be if you had to make a specific bet. You can enter your desired bet amount and the odds a sportsbook gives you and then the calculator will tell you what you would win if the bet was successful.
Odds calculators are especially useful if you are trying to choose between multiple sports bets for a specific bet. Different sportsbooks offer different odds, so you can maximize your potential winning if you research the best odds and use a calculator to help you decide your best path.
We have a number of odds calculators on our site for different types of bets, including Moneyline, Parlay and Futures calculators.
Moneyline odds calculator
Because Moneyline betting is on one team to win, this is the easiest calculator to use. Here’s how:
- Type your desired bet amount (in USD) in the appropriate field.
- Type in the odds as the bookmaker lists them.
- The calculator will automatically fill in the rest of the fields and show you how much the bet would pay if you won.
Parlay odds calculator
If you are a fan of parlay betting (which combines several bets into one) you can use a parlay specific calculator. Here’s how:
- Enter your desired bet amount in USD in the appropriate field.
- Enter the odds for each individual stage of the parlay in the Moneyline fields. Note that these do not have to be Moneyline bets; simply pull the odds from the bets you intend to use in the parlay.
- Click “calculate” for your combined parlay odds and potential payout.
Check out some of our other odds calculators:
Fair Odds Calculator Without Vigilance
How sports betting odds are calculated
If you are new to sports betting, chances are you have been confused by how odds work. They can be tricky for a newcomer to figure out, but once you get the basics right, you’ll bet like a pro.
The first thing to know is that the odds are usually calculated based on the number of people who bet on a certain outcome. So if the Kansas City Chiefs are favored by many punters to defeat the New York Giants, the Chief’s chances of winning will increase as bettors place bets on that outcome.
Other factors can come into play, such as team record, past performances, injured players etc., but the bets placed are the biggest determining factor in most cases.
How to read odds and determine payouts
Sports betting displays the odds as positive and negative numbers, and these odds tell you how much you will win if your bet is successful. Here is a scenario to help you understand how they work.
- Chicago Bear +200
- Tennessee Titans -230
This setup shows a Moneyline bet, meaning that these are the odds that either team wins outright. Anytime you see a negative number (in this case -230) it means the team is favored to win the game and a bet of $ 230 would net you $ 100. The positive number (+200) indicates which team is the underdog and tells you how much you would win if you placed a bet of $ 100.
How can I bet on sports in the United States
Placing a bet is easy on legal sports betting. You only have to take a few steps before you are ready to bet.
Choose a sports betting and create an account
You can access most sports betting through desktop, Android and iOS devices. If you are using an Android device, go to your favorite bookmaker’s website to get the app. Google doesn’t allow sports betting on its Play Store, but you can download the app directly from the provider’s website.
Once you have the app or have visited the website, you can create your account. It is a process similar to setting up an online or social media bank account. Prepare your personal information, including your SSN, and the rest will be easy. The onscreen prompts will guide you through the process.
If you sign up on a mobile device, that’s it! If you are on a computer, you may also need to download a geolocation plug-in. This is necessary to confirm that you are betting from a legal state.
Choose your preferred deposit method (as long as it is available on your bookmaker) and add funds to your account. PayPal, credit / debit cards, and online banking are available at most sports betting.
When you make a deposit, also check the bonus offers. They can increase the value of your account and give you extra money for betting.
Place a bet
Now you are ready to place a bet! Go through the available odds and find the bets you might want to place. Now is a great time to use an odds calculator, especially if you are using multiple sports bets to buy the best lines.
After you have calculated your odds and determined the bets you want to place, place your bet.
Withdraw your winnings
If you are lucky enough to win a few bets, you can withdraw your winnings. PayPal, online banking, ACH electronic checks, and mail checks are common withdrawal methods, although some sportsbook offers separate options.
What sports can you bet on in the United States?
The nature of legal online sports betting in the United States creates a unique landscape in every state. Each state can regulate sports betting with its own legislation, which means that some sports available for betting in one state may not be available in another.
Professional sports are a fair game in just about every area of the legal sports betting markets. You can bet on any of the most popular leagues without a problem:
And many others.
NCAA sports are kind of a mixed bag. They are generally available for betting, but some states place specific restrictions on them.
In Illinois and New Jersey, for example, you can only bet on college games that not include a school in the state in which you are betting. Thus, Illinois fans cannot bet on games such as Northwestern or the University of Illinois, while New Jersey bettors cannot bet on Rutgers or Princeton matches.
Globally popular sports like football, rugby and cricket are available for betting in most legal markets with few restrictions.
Sports betting covers the whole gamut from completely legal to prohibited to completely excluded from legislation. Before placing an esports bet, be sure to verify that it is legal in your state.
Elections and awards shows are among the most popular non-sporting events on betting platforms. However, not all states allow betting on them. It varies by state, so check your local laws or betting sites for more information.