Converter odds
Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the. Odds Converter is a free tool to convert fractional, decimal and moneyline odds. Also shows implied probability. Use this betting calculator to find out how much a bet will payout, given the odds. You can also use the odds converter to convert between Implied. For an example converter odds moneyline betting odds, you can bet the Eagles as a favorite to win or the Giants as a + underdog to win. If you bet $ on the.
Betting Odds Converter
Bet Calculator and Odds Converter
The odds converter instantly converts fractional, decimal and moneyline odds into your chosen format and gives you the implied probability of the event occurring. For more information on betting odds and how they work, please see my Betting Odds Explained guide. These are the odds traditionally used by bookmakers and show you how much you win relative to your stake.
The number on the left is how much you win based on staking the amount on the right. With fractional odds, you also get your original stake back. Some more examples are below. Decimal odds show how much a winning bet will return, including your stake. You multiply your stake by the odds to get your total returns. The main benefit of decimal odds is that they are much easier to compare at a glance.
Take decimal odds of 3. As such, professional bettors vastly prefer decimal odds. Betting exchanges display their odds in decimal form, whereas online bookmakers favour fractional odds by default. You can change to decimal odds on your bookmaker settings page for ease of comparison. Moneyline odds AKA American odds are shown as positive and negative numbers.
Like fractional odds, they do not include your stake, so add this back at the end. Implied probability is the conversion of betting odds into a percentage. It gives you a rough idea of how likely something is to happen. Bookmakers offer odds that they believe are lower than the actual chances of something happening, which is how they make their money over the long term.
Yes, there are numerous ways to make the odds work in your favour to win more from bookmakers than you lose. Converter odds One of the most popular is a tried and tested technique called matched betting. When bookmakers offer a free bet or promotion, they effectively put the odds in your favour and allow you to make money from them in the hope that you will keep betting and lose money in the long term.
Matched betting exploits this. When a bookmaker offers a free bet, you can cover all outcomes of an event to claim the free bet for an overall loss of just pennies. You then have a free bet to use. Bookmakers know this opportunity exists but continue to offer free bets and promotions as they know most people will bet casually and go on to lose money.
Optionally, you can enter a bet amount into the Bet Calculator to see how much you would win from a wager given the odds you entered. Once you've entered valid odds and a valid bet amount, your total payout and the amount you'd win will automatically be calculated. To Convert Odds to Different Odds Formats, input either decimal odds, American odds, fractional odds, or implied probability into the "Enter Your Odds" section of the converter above.
Once you've entered valid odds for one of the formats, the converter will automatically calculate your odds in the other formats. The converter can also be used to convert odds to probability and to convert probability to odds. Please note that this calculator may slightly round your odds. For example, decimal odds and implied probability is rounded to 2 decimals.
Valid moneyline odds formats include :. 
While using the odds converter is the easiest way to convert between different odds formats we recommend bookmarking it for later. For converting decimal odds greater than or equal to 2 to American odds , multiply the decimal odds minus 1 by Being able to move between different odds formats is important for bettors who may be approaching markets that are displayed in varying odds formats.
The Odds Converter will allow you to translate odds between American, fractional or decimal. But even more important is the ability to convert any of those odds into an implied probability — in other words, knowing that a bet at is implied to have a Knowing the difference in probability of an event occurring and the odds offered by a sportsbook is the cornerstone of sound betting strategy.
Odds Edge Rusher. Other Sports. Enter Odds. Decimal American Fractional Implied. You can mix and match various odds formats. For Decimal odds that are higher than include the decimal point or it will be interpreted as American odds. Learn About the Odds Converter Being able to move between different odds formats is important for bettors who may be approaching markets that are displayed in varying odds formats.
What are some reasons to use this Odds Converter calculator. What are American Odds and are they used outside of the United States?