Returns differs from payout as the figure does not include the original stake. In contrast, payout refers to the total amount given back to the bettor after backing a successful outcome, and this also includes the original stake.
For example, a successful evens bet (a bet with odds of 2.0) with a £10 stake would see returns of £10 and a payout of £20.
In order to calculate returns from a successful bet, the two figures you need are the stake and the odds.
Calculating returns from payout
Working out returns from payout is very simple, and is calculated using the following formula:
Payout - stake
For example if a stake of £5 had seen returns of £15, the returns would be £10.
15 - 5 = 10
Calculating returns with decimal odds
To calculate returns using decimal odds, the following formula is used.
(Stake * decimal odds) - stake
Barcelona vs Real Madrid - Barcelona to win at odds of 1.85 with a £20 stake
20 * 1.85 = 37
37 - 20 = 17
Returns = £17
Calculating returns with fractional odds
To calculate returns using fractional odds, the following formula is used:
Stake * (numerator / denominator)
Liverpool vs Everton - under 2.5 goals at odds of 3/1 with a £5 stake
5 * (3 / 1) = 15
Returns = £15
Calculating returns with American odds
It is relatively straight forward to calculate returns using American odds if you are placing a $100 bet - but often this is not the exact figure of our stake.
There are two separate formulas for calculating returns with American odds, depending on whether you have backed an outcome with positive or negative odds.
Calculating returns with positive odds
To calculate returns on a positive odds bet, the following formula is used:
Stake * (odds / 100)
Arsenal vs Chelsea - Arsenal to win odds of +250 with a $10 bet stake
10 * (250 / 100) = 25
Returns = $25.
Calculating returns with negative odds
To calculate returns on a negative odds bet, the following formula is used:
Stake * ((100 / (odds * - 1))
Liverpool vs Everton - Liverpool to win at odds of -400 with a $10 stake
10* ((100 / (-400 * -1)) = 2.5
Returns = $2.50.