• Betonline Cash Out Review
• Bet Payout Odds Calculator
• Horse Bet Payout Calculator
• Bet Payout Kentucky Derby
• Best Payout Game Apps

With Super Bowl LV put to bed, we turn our attention toward the 2022 Super Bowl odds. A ton will happen between now and Super Bowl 56 and the odds will be moving up and down along the way.

Much as the Kansas City Chiefs were Super Bowl favorites throughout the 2020 season and despite their loss to the Tampa Bay Buccaneers in Super Bowl LV, the Chiefs (+550) enter the offseason as the Super Bowl favorite once again in the eyes of the oddsmakers from BetMGM Sportsbook.

A bet can be broken down into two elements; the Stake - how much you risk, and the Payout - your potential return including your Stake. The most common type of bet is a single, but bettors can. Calculating Payouts From Positive Moneyline Odds The following simple equation is used to calculate the potential profit of a wager with positive moneyline odds. Potential Profit = Stake x (Odds/100). A parlay is a wager type in which multiple bets are linked together to create a greater payout. But since it’s treated as one big bet, every game in a parlay must win for the bet to win. If even one game loses, the. The payout for this bet is 17:1, and the odds of it winning are 5.41% for European, and 5.26% for American roulette. Street is a three-number bet, where the players bet on a row of numbers – for example, 4, 5.

Are you new to the world of sports betting? A Super Bowl future bet of $100 at +550 odds would profit $550 if the Chiefs win Super Bowl LVI in February, 2022.

The Buccaneers, despite seven-time Super Bowl winning QB Tom Brady announcing he’ll be back in 2021, come in as the third-lowest odds (+1000 – bet $100, win $1,000) to repeat as Super Bowl champions.

2022 Super Bowl LVI odds

Betonline Cash Out Review

Odds via BetMGM Sportsbook. Last updated 2/9/21.

Place all of your legal, online sports bets at BetMGM! Terms and conditions apply.

Also see: Super Bowl Prop Bets Super Bowl Favorite

Follow SportsbookWire on Twitter and like us on Facebook.

Gannett may earn revenue from audience referrals to betting services. Newsrooms are independent of this relationship and there is no influence on news coverage.

Bet Payout Odds Calculator

Calculator Use

Convert stated odds to a decimal value of probability and a percentage value of winning and losing. This calculator will convert 'odds for winning' an event or 'odds against winning' an event into percentage chances of both winning and losing.

Be careful if you are using sports teams odds or betting odds. If you see that the Patriots super bowl odds are 9/2, that is most likely 'odds against' and should be entered in the calculator with 'Odds are: against winning.'

When playing a lottery or other games of chance be sure you understand the odds or probability that is reported by the game organizer. A 1 in 500 chance of winning, or probability of winning, is entered into this calculator as '1 to 500 Odds are for winning'. You may also see odds reported simply as chance of winning as 500:1. This most likely means '500 to 1 Odds are against winning' which is exactly the same as '1 to 500 Odds are for winning.'

Probability Formulas:

This calculator will convert 'odds of winning' for an event into a probability percentage chance of success.

Odds, are given as (chances for success) : (chances against success) or vice versa.

If odds are stated as an A to B chance of winning then the probability of winning is given as P_W = A / (A + B) while the probability of losing is given as P_L = B / (A + B).

For example, you win a game if you pull an ace out of a full deck of 52 cards. Pulling any other card you lose. The chance of winning is 4 out of 52, while the chance against winning is 48 out of 52 (52-4=48). Entering A=4 and B=48 into the calculator as 4:48 odds are for winning you get

Horse Bet Payout Calculator

For 4 to 48 odds for winning;
Probability of:
Winning = (0.0769) or 7.6923%
Losing = (0.9231) or 92.3077%
'Odds for' winning: 1:12 (reduced from 4:48)
'Odds against' winning: 12:1 (reduced from 48:4)

Bet Payout Kentucky Derby

Best Payout Game Apps

Further Reading