Free Tool

Bet Returns Calculator

Enter your stake and odds to instantly see your total return and profit. Supports single bets and multi bets.

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Enter your bet details above to see what you'd win

How To Use This Calculator

  1. 1

    Choose Your Bet Type

    Select "Single Bet" for a standard bet on one outcome, or "Multi Bet" if you're combining multiple selections into one bet.

  2. 2

    Enter Your Stake

    Type the amount you want to bet. This is the money you're risking.

  3. 3

    Enter the Odds

    For a single bet, enter the decimal odds from the bookmaker. For a multi, enter the odds for each leg separately.

  4. 4

    Read Your Results

    The calculator shows your total return (stake + profit), your profit alone, and a plain English summary of what you'd win.

  5. 5

    Try Different Scenarios

    Change the stake or odds to compare different bets. The results update instantly.

  6. 6

    Explore More Tools

    Once you understand how odds and returns work, try our odds converter or learn how to make guaranteed profits with matched betting.

How Do Betting Odds Work?

All Australian bookmakers — including Sportsbet, Ladbrokes, TAB, Neds, and PointsBet — use decimal odds. Decimal odds tell you exactly how much you get back for every $1 you bet, including your original stake.

The formula is simple: Return = Stake × Odds. Your profit is the return minus your stake.

Quick Reference: $10 Bet Examples

Odds Return Profit What It Means
1.50 $15.00 $5.00 Short odds — the favourite
2.00 $20.00 $10.00 Even money — you double your stake
5.00 $50.00 $40.00 Moderate longshot — decent payout
10.00 $100.00 $90.00 Big outsider — unlikely but high reward

What Is a Multi Bet?

A multi bet (also called a parlay or accumulator) combines two or more selections into a single bet. The odds of each leg are multiplied together to create much higher combined odds — but every single leg must win for the bet to pay out.

If even one leg loses, the entire multi bet loses.

Worked Example: 3-Leg Multi

Leg 1: AFL — Collingwood to win1.80
Leg 2: NRL — Penrith Panthers to win2.10
Leg 3: Cricket — Australia to beat India1.90
Combined Odds (1.80 × 2.10 × 1.90)7.18
Stake$10.00
Total Return$71.82
Profit$61.82

The implied probability of all 3 legs winning is just 13.9%. Multis are fun but risky — most professional punters avoid them. If you want to learn how to make guaranteed profits from betting instead, check out our free matched betting course.

Australian Sports Examples

AFL Head-to-Head

Collingwood to beat Carlton

Stake$20
Odds1.75
Total Return$35.00
Profit$15.00

NRL Line Bet

Penrith Panthers −4.5

Stake$50
Odds1.91
Total Return$95.50
Profit$45.50

Cricket Match Winner

Australia to beat India

Stake$25
Odds2.40
Total Return$60.00
Profit$35.00

Horse Racing

Favourite at Flemington

Stake$10
Odds3.20
Total Return$32.00
Profit$22.00

Next Steps: More Free Tools

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Matched Betting Guide

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Start Learning

Frequently Asked Questions

What does odds of 1.50 mean?
Odds of 1.50 mean you get back $1.50 for every $1 you bet. So a $10 bet at 1.50 returns $15.00 — that's $5.00 profit plus your $10 stake back. These are "short odds", meaning the outcome is considered likely by the bookmaker.
What does odds of 2.00 mean?
Odds of 2.00 are called "even money" or "evens". You double your money if you win. A $10 bet at 2.00 returns $20.00 — that's $10.00 profit plus your $10 stake back. The bookmaker considers this outcome roughly a 50/50 chance.
What is a multi bet?
A multi bet (also called a parlay or accumulator) combines two or more selections into one bet. The odds are multiplied together, creating a higher potential payout. However, every leg must win for the bet to pay out. If any single leg loses, you lose the entire bet.
How are multi bet odds calculated?
Multi bet odds are calculated by multiplying the decimal odds of each leg together. For example, three legs at 1.80, 2.10, and 1.90 gives combined odds of 1.80 × 2.10 × 1.90 = 7.18. A $10 bet would return $71.82.
Do all legs have to win in a multi?
Yes, every single leg in a multi bet must win for the bet to pay out. If even one leg loses, the entire multi bet loses. This is why multis offer higher payouts — the risk is significantly higher than placing individual single bets.
What's the difference between return and profit?
Return is the total amount you get back from a winning bet, including your original stake. Profit is the return minus your stake — the actual money you gained. For example, a $10 bet at odds of 3.50 gives a $35.00 return and $25.00 profit.
Do Australian bookmakers use decimal odds?
Yes. All Australian bookmakers — including Sportsbet, Ladbrokes, TAB, Neds, PointsBet, and bet365 — use decimal odds as standard. This is the format used in Australia, Europe, and Canada. If you encounter odds in other formats, our odds converter can help.
Can I use this calculator for horse racing?
Yes. This calculator works for any sport or event where you have decimal odds — including horse racing, AFL, NRL, cricket, soccer, tennis, and more. Just enter your stake and the decimal odds offered by the bookmaker.
What is matched betting?
Matched betting is a technique that uses bookmaker promotions and a betting exchange to guarantee a profit regardless of the outcome. Instead of hoping your bet wins, you cover both sides and extract value from the free bet. Our beginner's guide explains how it works.
Is this calculator free?
Yes, completely free with no sign-up required. Use it as many times as you like. All of OzProfit's tools — including the odds converter and matched betting calculator — are free.

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