Ohio sports betting offers a wide array of sportsbooks. Additionally, Ohio has a bevy of professional and college teams to bet on. That’s why it’s the perfect place to use our Futures Calculator. College football and NFL markets are prime for the picking when comparing odds at different sportsbooks. Use our Futures Calculator to find the best probabilities and lowest house edge.
Futures Calculator for Sports Betting
Futures odds are used for long-term betting markets, including odds to win an upcoming championship or individual award.
Gaming Today’s Futures Calculator can help you determine the true probability of each outcome occurring within a futures market. It will also identify the sportsbook’s built-in house edge to help you separate good futures bets from bad ones.
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Futures Calculator
Our Futures Calculator is a sports betting tool to help bettors make educated decisions on long-term betting markets.
Below, we’ll walk you through how to use the Calculator, but first, you should understand the key terms involved.
- American Odds: These are the odds from the sportsbook; you plug them in to use the calculator.
- True Probability: The actual chance of each outcome occurring, listed as a percentage. This removes the house edge to show you likely outcomes.
- No-Vig Odds: The odds without the sportsbook’s vig (short for “vigorish”) in the mix. Vig is essentially a sportsbook’s commission.
- House Edge: The advantage a sportsbook has over bettors, similar to the house edge in a casino.
How To Use the Futures Calculator
The Futures Calculator is a sports betting tool that helps bettors make educated decisions on long-term betting markets.
To use our Futures Calculator, follow these simple steps:
1
Find the Bets
Head to a legal sports betting site and find the bet you’re interested in.
2
Select Odds
Copy all the odds for each team into individual fields under the “American Odds” section.
- You don’t need the “+” for positive odds, but always the “-” for negative odds.
- You need to enter all the odds for the bet you wish to place, not just the ones you intend to bet on. This ensures accuracy in the calculations.
3
Add More Fields
Use the “Add Future” button to add more fields and capture all the odds if necessary.
4
Calculate
Once all your odds are entered, select “Calculate” to show the true probability, No-Vig Odds, and House Edge for your futures bet (and all the others in the same market).
Futures Calculator Example
Here’s a real-world example of the Futures Calculator in action. We’re pulling AFC North Division Winner odds from DraftKings at the time of writing. Note that the odds will have changed by the time you read this, so these are purely meant as an example.
First, we’re heading to DraftKings to find all the AFC North Division Winner odds and plugging them into the Futures Calculator. The odds are:
- Baltimore Ravens +105
- Cincinnati Bengals +270
- Pittsburgh Steelers +360
- Cleveland Browns +800
You know what they say: “Calculator’s gonna calculate!” So, let’s click “Calculate” and let the Futures Calculator do what it does best.
It’s that simple. Now, the Futures Calculator displays the implied probability, No-Vig Odds, and House Edge for this Division Winner market.
You can click “Reset” to start from scratch with a new market or to compare the odds from other sportsbooks.
Legal Sports Betting States for Futures Betting
Ready to put the Futures Calculator into action? Here are a few of the top sports betting markets where it can give you an advantage.
Massachusetts Sports Betting
Massachusetts bettors have a wealth of riches when it comes to legal online sportsbooks. Boston is home to the Bruins (NHL), Celtics (NBA), New England Patriots (NFL), New England Revolution (MLS), and Red Sox (MLB). The Futures Calculator is handy when placing an early bet on any of those MA teams.
Kentucky Sports Betting
Kentucky isn’t home to any major professional teams, but it has a bustling college sports fandom and plenty of fans of professional teams from around the country. Kentucky sports betting is, therefore, a fantastic fit for our Futures Calculator. Use it to figure out the best place to make your bets.
More Sports Betting Tools & Calculators
| Sports Betting Tool | How it Works |
|---|---|
| 3-Way No Vig Calculator | For events where a tie is possible (like soccer), the three-way fair odds calculator eliminates the vig and presents the odds as a percentage (implied probability) to better clarify the three options. |
| Arbitrage Calculator | This calculator will help you determine if betting on two different sides on the same match on two different sportsbooks will move the odds to give you a guaranteed profit. |
| Fair Odds Calculator | This one also strips out the vig from the odds, but designed for two possible results: win or lose. |
| Futures Calculator | Determine implied probability based on all futures odds for a given sport. |
| Implied Probability Calculator | Implied probability is simply the American odds presented as a percentage rather than plus (+) and minus (-) lines. |
| Kelly Criterion Calculator | Calculate how much of your bankroll you should bet based on the probability of winning an outcome. |
| Martingale Calculator | This calculator will determine how much you’ll need to wager to recoup losses. |
| Moneyline Calculator | The most straightforward calculator of them all. Simply enter your odds and the wager, and see the potential win. |
| NFL Prop Bet Calculator | An NFL prop bet calculator attempts to find the fair price for a large number of props based on a limited number of inputs. |
| NFL Spread Calculator | This tool will help you compare spreads at different sportsbooks to determine the better bet. |
| Odds Calculator | An automated way to convert a form of odds into a different form. For example, American odds to decimal or fractional odds. |
| Parlay Calculator | Before you place a parlay bet, use the parlay calculator to ensure you’re taking a higher risk for a worthwhile win potential. |
| ROI Calculator | Calculate the projected gains from a bet versus the total cost of the bet to determine your potential return on investment (ROI). |
| Super Bowl Squares | Online super bowl squares or football squares with friends (no accounts needed). |
Futures Calculator FAQ
A futures bet is a long-term bet on a particular outcome far in the future. Popular futures bets include a team to win the Super Bowl or make the playoffs. March Madness is another popular market.
Use the Futures Calculator whenever you’re deciding on a futures bet. It can help you find the highest probability and best odds.
Futures betting can be profitable, but it’s not easy. Futures bets come with long odds, which means high payouts. However, it’s difficult to pick correctly from so many possible outcomes, and with so many variables in play, they are high risk.
House edge is the advantage a gambling provider has over bettors.
No-Vig odds remove the sportsbook’s commission, which is called “vigorish” or “the vig”. This tells you what the fair odds are for a bet and helps you find odds closest to those, which therefore have the lowest vig.
The easiest way to convert American odds into decimal odds is by using an Odds Calculator. You can also convert the odds manually with the following formula: Divide 100 by a negative number (minus odds) or divide a positive number (plus odds) by 100, then add 1. For example, +225 in American odds would be (225/100) + 1 = 3.25.
