Follow the patterns of typical decimals odds such as 4. You can always use a bet calculator or an odds conversion table like the one we include below to cross reference prices if you are unsure. As you might guess from the name this format is most popular in North America. Remember though, is evens, so your returns are exactly double what you put down.
With any negative moneyline figure beyond the price is odds against and you stand to make less profit than the stake amount. With moneyline decimal 1. With a price 1. Punters usually only find themselves in situations where they are trying to convert odds between formats occasionally, for example whilst on holiday or traveling and betting outside their home countries. Converting decimal odds to fractional, take the decimal and subtract 1.
For converting moneyline to decimal, when the moneyline price is positive divide it by and add 1. When the moneyline price is negative, take and divide it by the moneyline amount first removing the minus sign , and add 1. For conversion of fractional odds to decimal take the first figure and divide it by the second figure then add 1. The concept of implied probability is worth keeping in mind when you try to assess the value of odds from a bookmaker.
The odds are set based on the implied probability of the outcome, such as a horse winning a race, or a football team winning a league. The calculation for this is:. Converting American odds to fractional odds requires the reverse calculations. For positive odds, this means multiplying the odds by , converting the answer to a fraction and then reducing the fraction to its simplest form. To convert negative US odds, you divide by the odds, turn the decimal into a fraction and then reduce to its simplest form.
For decimal odds of 2. So for decimal odds of 3. To convert odds of less than 2. So the calculation for decimal odds of 1. To convert American odds to decimals, you simply carry out the reverse calculations. So for positive odds, you divide by and plus 1, and for negative US odds, you disregard the negative sign, divide by and then add 1.
The implied probability provides the simplest reflection of how likely a bookie believes a particular event is to happen. The calculation for converting odds to a percentage depends on the odds format. For fractional odds you use the following equation:. And finally, to work out the implied probability from US odds you do the following:. Here are a few examples of converted odds to see how different formats compare. Danielle has six years of experience writing on a wide variety of topics, including online casino, sports betting and tourism.
Alan has three years of writing experience and an MA in English Literature, with bylines at These Football Times and 90Min as well as extensive coverage of all things sports betting and online casino. Odds Converter. Implied Probability. How it works.
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