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Free tool · 2-way and 3-way markets · works on your phone

No-Vig Fair Odds Calculator

Enter the odds on every side of a market to strip out the bookmaker's margin: see the vig, the fair probability of each outcome and the no-vig fair odds to compare with any other price.

4.55%The margin on a -110/-110 line
2 or 3 waysMoneylines, spreads, totals, 1X2
Fair oddsIn American and decimal
4.55%Bookmaker margin (hold)
4.76%Overround (implied chances add to 104.8%)
OutcomeBookmaker oddsImpliedFair chanceFair oddsFair decimal
Side A-11052.38%50.00%+1002.000
Side B-11052.38%50.00%+1002.000

Fair odds divide each side's implied chance by the total, the standard proportional method. Compare them with another bookmaker's price to spot value.

The vig on common lines

Two-way lines, with the fair price of each side once the margin is removed.

LineVig (hold)Fair chance, side 1Fair odds, side 1Fair odds, side 2
-110 / -1104.55%50.0%+100+100
-105 / -1154.50%48.9%+104-104
+110 / -1303.98%45.7%+119-119
+150 / -1702.88%38.8%+157-157
-200 / +1703.57%64.3%-180+180
+300 / -4004.76%23.8%+320-320

A lower hold means a cheaper market. Reduced-juice lines such as -105 / -105 cut the margin to 2.38%.

Questions

What is the vig in betting?

The vig (vigorish, or juice) is the bookmaker's margin, built into the odds. On a -110 / -110 line both sides imply 52.38%, adding up to 104.76%: the extra 4.76% is the overround, and the book keeps 4.55% of the money on a balanced line.

How do you calculate no-vig odds?

Turn each side into its implied probability (1 ÷ decimal odds), add them up, and divide each side by the total so they sum to 100%. The fair odds are 1 ÷ that fair probability. This is the proportional method most bettors use.

What is a fair line?

The price with the margin taken out — what the odds would be if the bookmaker charged nothing. Betting at odds longer than the fair line (from a sharp book’s no-vig price) is a positive expected-value bet.

What is the difference between hold and overround?

Overround is how far the implied chances exceed 100% (4.76% on -110/-110). Hold is the share of all stakes the bookmaker expects to keep when money is balanced (4.55% on the same line): hold = 1 − 1 ÷ (1 + overround).

Does it work for three-way markets?

Yes: switch to 3-way for soccer 1X2 (home, draw, away) or any market with three outcomes. The same proportional method spreads the margin across all three.

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