Welcome to our sports betting odds converter.
How to use our odds convertor / calculator to your advantage
Are you tired of struggling to understand the different odds formats used in sports betting? Do you find yourself constantly searching for conversion formulas online, wasting valuable time that could be spent analyzing games and making better bets? Look no further than our odds convertor!
This helpful tool takes the hassle out of converting odds between fractional, decimal, and American formats, allowing you to quickly and easily compare odds and make informed betting decisions. You can use our odds convertor as a Lucky 15 calculator, an arbitrage bets calculator, a hedge betting calculator, and more.
Not only does an odds convertor save you time and frustration, but it also helps you maximize your profits and minimize your losses by ensuring you always know the true value of a bet.
So why struggle with confusing odds formats when you can streamline your betting process with the help of our accurate odds convertor? Give it a try and see for yourself the difference it can make in your betting success!
How to use our odds convertor
We have designed our odds convertor to be as simple as possible to use while providing the most accurate results in an instant. Let’s take a look at each of the fields and buttons on our odds convertor and you can see how easy it is to use.
If you know the decimal odds for the bet that you want to place then enter the odds in this field. This will be in the format X.Y for example 4.0. To enter the odds 4.0 all you need to do is to type “4” in the decimal field. The American, Fraction, and Implied Probability fields are then automatically populated.
When you refer to use American odds you will make an entry into this field and not the Decimal or Fraction fields. American odds are usually in 100s for example 300 is the same as the decimal odds 4.0 and the fractional odds 3/1. After entering your American odds, the Decimal, Fraction, and Implied Probability fields are then automatically populated.
If the odds that you have from your betting sites are in fractional format then you can enter these directly into our odds convertor. There are 2 fields that you need to enter your odds into because you need to provide a fraction such as 2/1. Once you have entered your fraction odds, the Decimal, Fraction, and Implied Probability fields are then automatically populated.
4. Implied Probability
This field is automatically calculated each time you enter in your odds. As the name suggests, it provides you with the implied probability of landing your bet.
Enter your stake amount in this field. If you intend to place a $10 bet then simply enter “10” into this field.
After entering your odds and your stake, click on calculate and our odds convertor will tell you what your profit will be if your bet is successful (To Win) and the total payout you will receive (this includes your original stake).
Clicking on this button will clear all of the fields so that you can start over.
Why are betting odds important for every gambler?
Betting odds are a way of indicating the probability of the occurrence of a particular event. In sports betting, the odds provided by the bookmaker help you to calculate the payout if your bet is successful. For example, if the odds of a team winning a game are 2/1, a successful $100 bet would result in a $200 payout.
Understanding the odds is essential for making informed betting decisions and maximizing your winnings. However, odds can be presented in different formats, such as fractional, decimal, and American.
Each format represents odds in a slightly different way, which can make it challenging to compare odds and calculate the true value of a bet. This is where our odds converter comes in handy, as it can quickly and easily convert odds between different formats, allowing you to compare odds and make informed betting decisions.
The difference between true and implied odds
True odds refer to the actual probability of an event occurring, while implied odds refer to the odds that are being offered by an online bookmaker. Implied odds are influenced by a number of factors, including the profit margin of the bookmaker and the volume of money that is bet on a specific event.
Here is an example of implied odds to make this easier for you to understand. Let’s assume that 2 tennis players are very evenly matched and are playing each other in a tournament. The bookmakers are offering odds of 1.91 decimal, 10/11 fractional, and -110 American on each player.
Using our odds calculator, you will see that the implied probability is calculated at around 53%. If you double this to take into account the two players with the same odds, you get an implied probability of 106% and not 100%. The additional 6% is the bookmaker’s margin.
Different odds formats
To fully take advantage of our odds converter, it is important to understand the different types of odds used in sports betting. The three most common odds formats are American, decimal, and fractional.
American odds are also known as “moneyline” odds and are popular in the United States. These odds are presented as numbers that are either positive or negative, with positive numbers indicating the less fancied selection and negative numbers indicating a favorite. For example, if a team has odds of +150, a successful $100 bet would result in a $150 payout.
Decimal odds are popular in Europe and are presented as decimal numbers. The decimal odds represent the total payout, including the original wager. For example, if a team has odds of 1.75, a successful $100 bet would result in a $175 payout.
Fractional odds are popular in the United Kingdom and are presented as fractions. The first number in the fraction represents the potential payout, while the second number represents the amount wagered. For example, if a team has odds of 5/1, a successful $100 bet would result in a $500 payout.
How to convert odds without using our calculator
If you want to convert fraction odds into decimal odds, all you need to do is to divide the numerator amount by the denominator amount and add 1. For example, if the odds are 5/1, the decimal odds would be 6.0.
In the case of converting decimal odds to fraction odds, subtract 1 from the decimal odds and change the format to a fraction. For example, if the odds are 2.5, the fractional odds would be 3/2.
For converting American odds to decimal odds, divide the odds by 100 and add one if the odds are positive or subtract one if the odds are negative. For example, if the odds are +150, the decimal odds would be 2.50.
It can be confusing when you see odds in different formats on a betting website. By using our super-fast odds convertor you can see what the odds are in your preferred format instantly. Use our odds convertor to put you in control of your betting.
A. It will instantly convert odds to different formats such as American, decimal, and fraction.
A. Yes, we have designed our odds convertor to provide the fastest and most accurate results
A. Yes, our odds convertor is fully optimized for use with a mobile device
A. Yes, just enter your odds in your preferred format and the convertor will automatically convert into the other two formats