How do I use a sports betting odds calculator?

Enter your bet amount and the odds (American, Decimal, or Fractional format) into the calculator. It will instantly show your potential payout and profit. Our free sports betting odds calculator works for all sports including NFL football, NBA basketball, and MLB baseball.

How do I convert American odds to decimal odds?

For positive American odds: Decimal = (American/100) + 1. For negative American odds: Decimal = (100/|American|) + 1. For example, +150 American = 2.50 Decimal, and -150 American = 1.67 Decimal. Use our free odds converter for instant conversions.

What is the best free parlay calculator?

SportsBettingOddsCalculator.com offers the best free parlay calculator online. Enter up to 15 legs with American, Decimal, or Fractional odds to instantly calculate your total parlay payout and implied probability.

How do I calculate my betting payout?

Use our bet payout calculator: enter your stake and odds. For American odds, if positive: Payout = Stake × (Odds/100) + Stake. If negative: Payout = Stake × (100/|Odds|) + Stake. Our calculator does this instantly for any odds format.

What is an odds payout chart?

An odds payout chart shows potential winnings at different odds levels. Our calculators provide dynamic payout charts for any stake amount, showing payouts for common odds like -110, +100, +150, -200, and more.

Golf Each-Way & Dead Heat Calculator

Calculate golf each-way bet payouts with dead heat rules. Essential for PGA Tour Top 5, Top 10, and Top 20 betting markets.

Each-Way & Dead Heat Calculator

Each-Way Stake ($)

Total stake (split 50/50)

Win Odds (American)

Place Fraction

Places Paying

Finish Position

Players Tied (Dead Heat)

1 = No tie

Understanding Golf Each-Way Bets & Dead Heats

Each-way betting is extremely popular in golf due to the large fields (typically 120-156 players) and long odds on any single player to win. An each-way bet gives you two chances to win: the outright victory and a place finish.

How Each-Way Works

When you place a $100 each-way bet, you're actually placing two $50 bets:

Win part ($50): Pays if your golfer wins the tournament at full odds
Place part ($50): Pays if your golfer finishes in the top X at a fraction of the win odds

Dead Heat Rules Explained

Golf tournaments frequently have ties, especially for place positions. When players tie, dead heat rules apply:

Your payout is divided by the number of players tied for that position
Example: 3 players tie for 5th place in a Top 5 market → your payout is divided by 3
This applies to both win and place portions if applicable

Common Golf Each-Way Terms

Tournament Type	Places Paid	Fraction
Majors / Big Events	Top 8	1/5 odds
Regular PGA Tour	Top 5 or 6	1/4 odds
Small Field Events	Top 3 or 4	1/4 odds

This calculator is for informational and educational purposes only. Results should be verified with your sportsbook before placing any wagers. All betting carries risk. Full Disclaimer

How to Use This Calculator

1
Enter Your Stake: Input your total each-way stake (split equally between win and place)
2
Enter Win Odds: Input the outright win odds in American format (e.g., +2500)
3
Select Place Terms: Choose the place fraction (1/4 or 1/5) and places paying (5, 10, etc.)
4
Enter Finish Position: Input the golfer's final position
5
Set Dead Heat: If tied, enter the number of players sharing that position

Frequently Asked Questions

What is an each-way bet in golf?

An each-way bet is two bets in one: a bet to win and a bet to place (finish in a certain position). Your stake is doubled - half goes on the win, half on the place at reduced odds (typically 1/4 or 1/5 of win odds).

How do dead heat rules work?

When multiple players finish in the same position (tie), dead heat rules apply. Your payout is divided by the number of players tied. For example, if 3 players tie for 5th and you bet on one, your payout is divided by 3.

What does 'Top 5 at 1/4 odds' mean?

This means the place part of your each-way bet pays out if your golfer finishes in the top 5, at 1/4 of the win odds. So if win odds are +2400, place odds would be +600.