Sportsbet Odds Calculator

Sportsbet is one of Australia’s most popular bookmakers and is loaded with convenient online betting features. Their Same Game Multi and Same Race Multi Tracker make placing multiple bets easy. Sportsbet also offers a variety of horse and greyhound racing odds as well as live streaming, speed maps and race insights.

Odds are the probability that an outcome will occur and can be determined by comparing the number of people who think an event will happen to the amount of money being wagered on it. The higher the number, the more likely it is that an event will occur. A sportsbook’s goal is to receive equal amounts of money on both sides of a bet, which can be accomplished by adjusting the odds.

A sportsbook’s odds will change over time as new information becomes available. For example, if a team is injured or weather conditions change, the odds will be adjusted accordingly. This is because a sportsbook wants to balance the action and prevent the majority of bettors from losing a significant amount of money.

When betting on Over/Under totals, it is important to remember that it’s never under until it’s over. For example, if a Los Angeles Rams-Seattle Seahawks game has a total of 42.5 points and you expect both teams to score, then you should place an Over bet. On the other hand, if you expect a defensive slugfest, then you should place an Under bet. If you’re unsure which side to take, consult our Sportsbet odds calculator, where you can input your stake and odds in American, Decimal or Fractional formats to quickly calculate the payout for your bet.