Strike Rate Betting Tool
Compare your win percentage to the break-even rate implied by your average odds.
How to Use This Calculator
- Enter the total number of bets you have placed
- Enter how many of those bets were winners
- Enter your average decimal odds
- Enter your average stake per bet
- Review your strike rate, break-even rate, ROI, and edge
Formula
Strike Rate = Wins / Total Bets × 100%
Break-Even Rate = 1 / Average Decimal Odds × 100%
Edge = Strike Rate - Break-Even Rate
ROI = ((Average Odds × Strike Rate) - 1) × 100%
Average Profit per Bet = Stake × ROI / 100
Frequently Asked Questions
What constitutes a good strike rate?
A good strike rate is relative to your average odds. At odds of 2.00 you need to clear 50% to turn a profit, whereas at odds of 3.00 you only need to clear 33.3%. What truly counts is your strike rate measured against the break-even rate.
What is the break-even strike rate?
The break-even rate is the minimum win percentage required to avoid losing money at your average odds. It equals 1 divided by your average decimal odds, so at odds of 2.50 the break-even rate works out to 40%.
What does ROI signify in betting?
Return on Investment, or ROI, gauges your profit as a percentage of the total amount wagered. A 5% ROI means you make $5 of profit for every $100 staked, and any figure above 0% indicates you are in profit.