Bookmaker Of The Month: Betfred

Free Bet Calculators

Do you want to maximise your bet winnings? With our list of free bet calculators, you can quickly calculate your winnings from different types of bets.

Betting can be a tricky task, but with the help of free bet calculators, it doesn’t have to be. Bet calculators allow punters to easily work out potential returns on any given bet before they place a wager.

As the name suggests, these calculators are available for free online and can be an invaluable tool for both amateur and professional bettors alike.

Fractional Vs Decimal Calculator Odds

Fractional odds are the traditional form of expressing probabilities, while decimal odds are becoming increasingly popular due to their simplicity.

The fractional odds format shows a punter the potential payout of a bet. Most bookmakers in the United Kingdom and Ireland use them and have been used since the early days of horse racing. They represent the amount of money that will be paid for every unit wagered.

For example, if the odds are shown as 3/1, this means a winning bet of £1 will return £3, with a total payout of £4 (as you get your initial stake back).

Decimal odds are another way of expressing bet winnings. This type of odds format is commonly used across Europe and Australia and shows the total amount that will be paid out for a winning bet (including the original stake).

For example, if the betting odds are 4.00, a winning bet of £1 will payout £3, with a total return of £4.

Example Odds Conversions

Fractional
Decimal
Win Probability
6/4
2.50
40%
2/1
3.00
33.33%
7/2
4.50
22.22%