Betting Odds Converter
To use the odds converter, simply input the odds in the format of your choosing and press “Convert”. If you experience any difficulties try refreshing the page.
How to use the Odds Converter –
To use the converter simply input the odds in the format of your choosing and the different conversions will appear in the Betting Odds Converter as you type.
If you experience any difficulties try refreshing the page.
There are three common methods of presenting odds that most bookmakers support.
Implied Probability % is also useful when evaluating a bet.
Used mainly in Ireland and the United Kingdom, fractions quote the potential profit should the bet win, relative to the stake. For example if £10 is bet at odds of 2/1 the potential profit is £10 (£10 x 2) and the total returned is £20 (£10 plus the £510 stake).
Decimals quote the potential return should the bet win, relative to the stake. For example if $10 is bet at odds of 3.00 the total returned is $30 ($10 * 3) the potential profit is $20 ($10 x 3 minus the $10 stake).
Positive figures: The odds state the winnings on a $100 bet e.g. american odds of +110 would win $110 on a $100 bet.
Negative figures: The odds state how much must be bet to win $100 profit e.g. american odds of -90 would win $100 on a $90 bet.
Odds correlate directly with probability – e.g a 2/1 bet is expected to win one in every 3 attempts, hence the probability is 33%.
Odds Conversion Table
Here is a simple table to give you a basic overview of how the Fraction, Decimal and American odds work.