Enter the prices for each possible outcome in the market. The calculator converts those odds into implied probabilities and shows the total hold, so you can see the sportsbook margin built into that market.
In sports betting, the term "hold" refers to the theoretical percentage of money that a sportsbook or bookmaker retains after all bets have been settled on a particular market. It's also known as the "juice," "vig," or "vigorish."
The hold in sports betting represents the bookmaker's margin of profit on a given market. It is essentially the commission that the sportsbook takes for accepting bets. For instance, if a sportsbook has a hold of 5% on a specific market, this means that for every $100 wagered on that market, the sportsbook will profit $5, regardless of the outcome.
Hold matters because the lower the hold, the less you’ll lose when you’re wrong. Finding the best price across sportsbooks is called line shopping. And using the best prices you find on either side of a line creates the lowest possible synthetic hold. The lower the synthetic hold, the less of an edge the sportsbooks have over the bettor, regardless of bettor skill.
You can enter American odds, decimal odds, or fractional odds. It will recognize the odds format based on your input.
As many as you’d like. It’ll adjust with each entry.
Unfortunately, no. It does not accept implied probability or Sporttrade odds as an input.
