Payout is determined by and calculating used the odds assigned to the successful selection and the total stake placed.
Payout differs from returns as the figure does include the original stake, whereas with returns this is not the case. In contrast, returns refers to the total profit gained from a successful bet.
In order to calculate payout from a successful bet, the two figures you need are the stake and the odds.
Calculating payout from returns
Working out payout from returns is really simple, and is calculated using the following formula.
Returns + stake
For example, if a stake of £10 had yielded returns of £7.50, the payout would be £17.50
10 + 7.50 = £17.50
Calculating payout with decimal odds
Decimal odds represent the total payout for every £1 placed on an outcome, meaning payout is relatively simple to work out.
To calculate payout using decimal odds, the following formula is used:
Stake * decimal odds
Barcelona vs Real Madrid - Barcelona to win at odds of 1.85 with a £20 stake
20 * 1.85 = 37
Payout = £37
Calculating payout with fractional odds
To calculate payout using fractional odds, the following formula is used.
(Stake * (numerator / denominator)) + stake
Liverpool vs Everton - under 2.5 goals at odds of 3/1 with a £5 stake
(5 * (3 / 1)) + 5 = 20
Total payout = £20
Calculating payout with American odds
To calculate payout using American odds, there are two separate formulas to use depending on whether you have backed an outcome with positive or negative odds.
Calculating payout with positive odds
To calculate payout on a positive odds bet, the following formula is used:
(Stake * (odds / 100)) + stake
Arsenal vs Chelsea - Arsenal to win odds of +250 with a $10 bet stake
(10 * (250 / 100) + 10 = 35
Payout = $35.
Calculating payout with negative odds
To calculate payout on a negative odds bet, the following formula is used:
(Stake * ((100 / (odds * - 1))) + stake
Liverpool vs Everton - Liverpool to win at odds of -400 with a $10 stake
(10* ((100 / (-400 * -1))) + 10 = 12.5
Payout = $12.50.