Placing bets on a sports event means you have more at stake than the mere thrill of watching your favorite team go head-to-head with long-time rivals. Naturally, bettors are more eager to know about the exciting potential of winning than the idea of losing.
Sports betting payouts are explained in this article, including the different outcomes that award a win and how you can calculate potential returns yourself. At Stake, you can use TGHSOCIAL, our exclusive bonus code to claim a bonus that favors your winning chances even more.
Sports betting payouts are the consequence of a winning bet whether moneyline, spread, totals, etc. You receive a payout if you choose the correct team to win on a moneyline bet. You win if your chosen team covers the spread indicated by the book. If you predict the right number of over or under goal totals, you win, and so on. Generally, when you win a bet, the sportsbook will pay back your stake plus a profit for winning.
Whatever the moment. It's Never Ordinary at bet365. That's why if you sign up now you will receive $150 in Bonus Bets Win or Lose when you bet $5! Minimum $10 deposit required. Minimum odds -500 or greater. Bonus Bets wager excluded from returns. New customers only. T&CS, time limits and exclusions apply.GAMBLING PROBLEM? CALL 1-800-MY-RESET. 21+ (AZ/CO/IL/IN/KS/KY/LA/MD/NC/NJ/OH/PA/TN/VA) or 1-800-BETS OFF (IA). 21+ (18+ KY). Must be present in AZ/CO/IA/IL/IN/KS/KY/LA (select parishes)/MD/NC/NJ/OH/PA/TN/VA.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Get bonus now
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, Massachusetts, New York, Ontario, or Puerto Rico.
New Users – Get $350 in Bonus Bets when you wager $5 for 7 days
Get bonus now
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpgg.org/chat (CT). Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-8HOPE-NY or text HOPENY (NY). 21+ (18+ DC, WY) and present in select states (for KS, in affiliation with Kansas Star Casino). Find online real money wagering only. Min $5 wager required for 7 consecutive days. $5 free play credit. Bonus issued as non-withdrawable bonus with cash withdrawable bonus with cash withdrawable. Bonus bets which expire 7 days after receipt. Restrictions apply. See terms at sportsbook.fanduel.com. Call 1-877-770-7867 (LA).
Who can get a payout on sports betting?
Anyone who places a winning bet gets a payout. There are usually two outcomes for bettors, win or lose. However, some betting options allow a draw option where players who bet on the tie and win will get their stake refunded with no profits. This is called a push bet and is common in some handicap markets. Here your payout will be just a refund on your stake amount.
The Yankee bet is another kind of betting market where the results aren’t black or white.
Yankee betting systems
use a combination of different bets in one, so you could lose some and win some within the same betting slip.
Betting odds and payouts
Sports betting payouts are based on two factors:
Your stake or bet amount
The odds at the time you placed your stake
The odds are extremely important in sports betting. Not only do they determine how much you can win, but they also tell you the risk-to-reward ratio. Longer odds are riskier and, therefore, bring higher payouts. Vice versa for shorter odds.
American odds are the standard odds format in the US, but odds can either be European/Fractional odds or Decimal/British odds. You can learn comprehensively about betting odds on our dedicated page. But for the purpose of understanding payouts here's a summary.
Odds are the numbers with a plus or minus coefficient you see on the sportsbook. They can be moneyline, spread, totals, etc. They are usually indicated with respect to $100.
How to calculate sports betting payouts based on the odds
Calculating sports betting payouts is explained more clearly with context.
Here's a simple illustration:
New York Giants: -115
Dallas Cowboys: +135
The odds with the negative coefficient indicate the favorite to win. And it means you must bet the odds value to win $100.
The odds with the + indicate the underdog. Here, you need to bet $100 to win the odds value as profits.
Basically, if you bet on the Giants and they win, you get $215 in payouts ($115 bet + $100 profit)
If you bet on the Cowboys and they win, you receive a payout of $235 ($100 bet + $135 profit)
A cool way to remember it is that the negative odds are what you're removing from your pockets while the positive odds are what you're adding to your pockets. It's pretty simple.
You don’t necessarily have to bet in terms of $100. You can go lower or higher as you wish. In this case, calculating the profit is a simple case of cross multiplication. The standard formulae for calculating profits are as follows:
For minus odds – (100/Odds) * Stake
For plus odds – (Odds/100) * Stake
Say you want to bet $20 on the Giants to win. You get a payout of approximately $37.39 (your $20 bet back + $17.39 profits). Note that this calculation always ignores the sign.
The sportsbook will automatically indicate your potential winnings for you. So if you're not a fan of math, you don't have to worry. You can also use a sports betting calculator, several of which are readily available online. Plug in the odds and your bet amount, and you'll see what profits you stand to gain for different combinations.
Fluctuations in betting odds and payouts
Odds fluctuations do not affect the payout after your bet has been placed. This is because placing a bet locks in the odds at that specific moment. The
best betting sites
will accept your bet and automatically set a potential payout value based on those odds.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
USA Players Welcome
Bet now
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, Massachusetts, New York, Ontario, or Puerto Rico.
New DraftKings Customers: Bet $5, Get $200 + 3 Months of NBA League Pass!
USA Players Welcome
Bet now
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new Sportsbook customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 21 days. Bonus Bets and click-to-claims expire 7 days (168hrs) after issuance. Terms: dkng.co/offer. Get 1 promo code to redeem a 3-month NBA League Pass subscription, complimentary of DraftKings. Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/26 at 11:59 PM ET. Addt’l terms: support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Ends 11/29/26 at 11:59 PM ET. Sponsored by DK.
New Users – Get $350 in Bonus Bets when you wager $5 for 7 days
USA Players Welcome
Bet now
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpgg.org/chat (CT). Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-8HOPE-NY or text HOPENY (NY). 21+ (18+ DC, WY) and present in select states (for KS, in affiliation with Kansas Star Casino). Find online real money wagering only. Min $5 wager required for 7 consecutive days. $5 free play credit. Bonus issued as non-withdrawable bonus with cash withdrawable bonus with cash withdrawable. Bonus bets which expire 7 days after receipt. Restrictions apply. See terms at sportsbook.fanduel.com. Call 1-877-770-7867 (LA).
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV)
Bet $1 and get double the winnings up to $25 for your next 10 bets
USA Players Welcome
Best Alternative
Open BetMGM
21+ New users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000. Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. Gambling Problem? 1-800-GAMBLER (1-800-426-2537)
Calculating sports betting payouts on parlay bets
Parlay bets are combination bets that allow you to make several selections on a single slip. Each leg (selection) has to win for you to win the entire ticket. It's riskier but offers much larger payouts.
The profit you earn here combines the multiplier points for each leg. The easiest way to calculate parlays is to:
Convert from American odds to Decimal odds
Multiply all the Decimal values to get a total multiplier point
Multiply the total by your stake
Here also, a betting calculator and converter will come in handy for calculating your potential returns.
Conclusion – Easy guide to how sports betting payouts are explained
Sportsbooks automatically display your potential profits as you create your bet slip. However, knowing how to calculate sports betting payouts the way the sportsbooks do is good knowledge to have at the back of your mind. Most successful bettors love to get into the nitty-gritty of the betting experience.
Fortunately, it's easy to calculate your sports betting payout with a simple formula, as highlighted above. You can also use betting calculators to ease the process, especially when dealing with parlay bets.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
USA Players Welcome
Min. Deposit: $5
Open BetMGM
Get bonus now
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, Massachusetts, New York, Ontario, or Puerto Rico.
New DraftKings Customers: Bet $5, Get $200 + 3 Months of NBA League Pass!
USA Players Welcome
Min. Deposit: 5
Open DraftKings
Get bonus now
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new Sportsbook customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 21 days. Bonus Bets and click-to-claims expire 7 days (168hrs) after issuance. Terms: dkng.co/offer. Get 1 promo code to redeem a 3-month NBA League Pass subscription, complimentary of DraftKings. Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/26 at 11:59 PM ET. Addt’l terms: support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Ends 11/29/26 at 11:59 PM ET. Sponsored by DK.
New Users – Get $350 in Bonus Bets when you wager $5 for 7 days
USA Players Welcome
Open FanDuel
Get bonus now
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpgg.org/chat (CT). Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-8HOPE-NY or text HOPENY (NY). 21+ (18+ DC, WY) and present in select states (for KS, in affiliation with Kansas Star Casino). Find online real money wagering only. Min $5 wager required for 7 consecutive days. $5 free play credit. Bonus issued as non-withdrawable bonus with cash withdrawable bonus with cash withdrawable. Bonus bets which expire 7 days after receipt. Restrictions apply. See terms at sportsbook.fanduel.com. Call 1-877-770-7867 (LA).
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV)
Bet $1 and get double the winnings up to $25 for your next 10 bets
USA Players Welcome
Wagering (WR): 1x Deposit
Best Alternative
Open BetMGM
21+ New users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000. Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. Gambling Problem? 1-800-GAMBLER (1-800-426-2537)
Betting payouts explained FAQ
💲How much can you win from sports betting?
The amount you win from sports betting depends on two factors. We've discussed what they are and how to calculate your payouts. So check our
online betting guides
for all the details.
🧆How can I calculate payouts by myself?
The sportsbook will automatically calculate payouts as you place bets. And this is done using some simple formulae. Read our guide to discover what they are and other alternative ways to calculate your potential profits on sports bets.
🎲How do odds affect payouts?
Betting odds are a crucial part of sports betting. They tell you the chances of winning for each team so you can assess the risk-reward ratio. The odds are also vital to determining your potential payouts on any bet. Read our guide, where we've explained the relationship between betting odds and payouts.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.9/5
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, Massachusetts, New York, Ontario, or Puerto Rico.
New DraftKings Customers: Bet $5, Get $200 + 3 Months of NBA League Pass!
T&Cs apply
4.8/5
GAMBLING PROBLEM? CALL 1-800-GAMBLER or 1-800-MY-RESET, (800) 327-5050 or visit gamblinghelplinema.org (MA). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD), 1-800-981-0023 (PR). 21+ and present in most states. (18+ DC/NH/PR/WY). Void in CAN. Eligibility restrictions apply. On behalf of Boot Hill Casino (KS). Pass-thru of per wager tax may apply in IL. 1 per new Sportsbook customer. $5+ first-time bet req. Max. $200 issued as non-withdrawable Bonus Bets. Stake removed from payout. Reward issued as $50 in Bonus Bets every 7 days via click-to-claim for 21 days. Bonus Bets and click-to-claims expire 7 days (168hrs) after issuance. Terms: dkng.co/offer. Get 1 promo code to redeem a 3-month NBA League Pass subscription, complimentary of DraftKings. Subscription auto-renews monthly at then-current price (currently $16.99/mo); cancel anytime. Terms, restrictions, and eligibility requirements apply. Redeem League Pass by 12/19/26 at 11:59 PM ET. Addt’l terms: support.watch.nba.com/hc/en-us/articles/9165532876183-League-Pass-Terms-of-Use_. Ends 11/29/26 at 11:59 PM ET. Sponsored by DK.
New Users – Get $350 in Bonus Bets when you wager $5 for 7 days
T&Cs apply
4.8/5
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpgg.org/chat (CT). Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-8HOPE-NY or text HOPENY (NY). 21+ (18+ DC, WY) and present in select states (for KS, in affiliation with Kansas Star Casino). Find online real money wagering only. Min $5 wager required for 7 consecutive days. $5 free play credit. Bonus issued as non-withdrawable bonus with cash withdrawable bonus with cash withdrawable. Bonus bets which expire 7 days after receipt. Restrictions apply. See terms at sportsbook.fanduel.com. Call 1-877-770-7867 (LA).
Must be 21+. GAMBLING PROBLEM? CALL 1-800-GAMBLER OR CALL 1-800-MY-RESET, www.mdgamblinghelp.org (MD), (800)-327-5050 or gamblinghelplinema.org (MA), Call (877)8-HOPENY or text HOPENY (467369) (NY), (888) 789-7777 or ccpg.org (CT), morethanagame.nc.gov (NC), 1800gambler.net (WV)
Bet $1 and get double the winnings up to $25 for your next 10 bets
T&Cs apply
4.5/5
21+ New users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000. Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. Gambling Problem? 1-800-GAMBLER (1-800-426-2537)
21+ and present in OH. Gambling Problem? Call 1-800-GAMBLER.
This site is using
Cloudflare
and adheres to the
Google Safe Browsing Program. We adapted
Google's Privacy Guidelines
to keep your data safe at all times.
Close
Unlock Your Winning Potential! Exclusive Offers from Top Sportsbooks Await.
FanDuel Promo
New Users – Get $350 in Bonus Bets when you wager $5 for 7 days
T&Cs and 21+ apply
Gambling Problem? Call 1-800-GAMBLER or 1-800-MY-RESET. Call 1-888-789-7777 or visit ccpgg.org/chat (CT). Hope is here. GamblingHelpLineMA.org or call (800) 327-5050 for 24/7 support (MA). Visit www.mdgamblinghelp.org (MD). Call 1-877-8HOPE-NY or text HOPENY (NY). 21+ (18+ DC, WY) and present in select states (for KS, in affiliation with Kansas Star Casino). Find online real money wagering only. Min $5 wager required for 7 consecutive days. $5 free play credit. Bonus issued as non-withdrawable bonus with cash withdrawable bonus with cash withdrawable. Bonus bets which expire 7 days after receipt. Restrictions apply. See terms at sportsbook.fanduel.com. Call 1-877-770-7867 (LA).
Code:
Open FanDuel
Get Bonus
BetMGM Promo
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs and 21+ apply
Gambling problem? Call 1-800-GAMBLER or 1-800-MY-RESET (Available in the US) 877-8-HOPENY or text HOPENY (467369) (NY) 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). 21+ only. Please Gamble Responsibly. See BetMGM.com for Terms. First Bet Offer for new customers only (if applicable). Subject to eligibility requirements. Bonus bets are non-withdrawable. In partnership with Kansas Crossing Casino and Hotel. Promotional offers not available in Mississippi, Massachusetts, New York, Ontario, or Puerto Rico.
