How to Use the Calculator
Using the betting hold calculator is simple, and anyone can quickly get started. There are four different fields, each containing different information. Specifically, these are the odds for both outcomes, the odds format, and the hold percentage. You only need to enter two of these fields to get the final overview of a particular deal.
- Side 1 Odds - Enter the odds for the first outcome
- Side 2 Odds - Enter the odds for the second outcome
- Hold - This field will display the amount held by the sportsbooks as vig
- Odds Type - Select the odds type – American, fractional, or decimal
The betting hold calculator can be used on any event that has two outcomes. It doesn't matter what sportsbook you frequent. It works for all of them. In fact, you can try it out on the best-rated betting site. Browse the betting markets, play around with the calculator, and you will see that the site below has some of the top odds online.
Sportsbook |
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BetMGMShow Details |
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Valid only for new MI players over 21 years of age. Full T&Cs apply. |
Sportsbook Hold Calculator in Action
Using the sports betting hold calculator will give you insight into how fair the sportsbook's odds are. Let's run through an example. Your favorite sportsbook offers odds on a football match. The odds for Team A to win are +100, while Team B has -115.
We select American odds, since that is the default format at US betting sites. We enter the numbers, and the betting hold calculator reveals that the hold amount of the turnover is 3.37%. This figure indicates the profit that the betting platform will make from all wagers on this market.
If you're familiar with the concept of house advantage, you instantly know what this means. Basically, the lower the vig or house advantage, the closer the offered odds are to the true odds. With the help of our sports betting hold calculator, you can see which site offers the best deals.