Odds Calculator Canada - Calculate your Returns

Whether you are sizing up the Winnipeg Jets on the moneyline, checking a CFL point spread, or building a Sunday NFL parlay, our calculator instantly does the heavy lifting.

• Choose Your Bet Type: Select 'Single' for a standard one-game wager, or 'Parlay' if you are combining multiple games into one ticket.

• Select Your Odds Format: Toggle between American (+/-) or Decimal formats, depending on what your sportsbook displays.

• Enter Your Stake: Input the amount of CAD ($) you plan to risk.

• Input the Odds: Enter the odds for your selection(s).

• Calculate: The tool instantly displays your Total Return (your winnings plus your original stake back) and your Net Profit (just the winnings).

Pro Tip for Parlays: If you are building a Saturday night hockey accumulator, add multiple selections to see how the compounded odds affect your total payout.

• Parlay Calculator
• Odds Converter

Because of Canada's unique betting landscape such as provincial lotteries (like Pro-Line) and global commercial sportsbooks (like bet365 or BetMGM), you will encounter two main odds formats. This tool instantly converts them for you.

• Decimal Odds (e.g., 2.50): The standard for provincial lotteries and international sportsbooks. Decimal odds represent your total return for every $1 wagered, including your stake.

Example: A $100 bet at 2.50 odds returns a total payout of $250 ($150 profit + $100 stake).

• American Odds (e.g., -150 or +150): The standard for North American major leagues (NHL, NBA, NFL).

Minus (-) Odds: Indicates the favorite. It shows how much you need to bet to win $100. (e.g., -150 means you must bet $150 to win $100).

Plus (+) Odds: Indicates the underdog. It shows how much you win on a $100 bet. (e.g., +150 means a $100 bet wins $150).

The calculator also functions as a dual American and decimal odds converter, enabling you to switch seamlessly between display formats.

This provides complete flexibility whether you are shopping prices across Ontario’s regulated sportsbooks or reviewing decimal lines posted by provincial lottery operators.

Parlays are incredibly popular in Canada, allowing you to combine multiple bets into a single ticket for a massive payout. However, all 'legs' of your parlay must win for the ticket to cash.

To calculate a parlay manually using Decimal odds, you multiply the odds of each leg together, and then multiply that sum by your stake. For example:

• Leg 1: Toronto Raptors to win (1.90)

• Leg 2: Over 220.5 Total Points (1.90)

• Math: 1.90 x 1.90 = 3.61 combined odds. A $50 bet x 3.61 = $180.50 Total Payout.

Pro Tip: Instead of doing the math yourself, simply select "Parlay" in the calculator above, enter the odds for up to 20 legs, and let the tool calculate your compounded returns instantly.

A secret weapon for profitable sports bettors is understanding Implied Probability. Our calculator automatically displays this percentage (%) alongside your potential returns.

Implied probability translates the sportsbook’s odds into an estimated percentage (%) chance of that outcome occurring.

• If the Edmonton Oilers are priced at -150 (American) / 1.67 (Decimal), the implied probability of them winning is 60%.

• If your personal research suggests the Oilers actually have a 70% chance of winning, you have found a "Value Bet." Consistently betting when your calculated probability is higher than the sportsbook's implied probability is the key to long-term profitability.

To help you understand how different odds formats look across Canadian sportsbooks, here is a quick visual referenced table based on a standard $100 wager.