Outside of the U. The number indicates the total return for the better, not just the profit as is seen in the other two odd formats. The Oilers have odds of 2. Finally, we come to Fractional odds, which are typically used in the UK and Ireland. As we mentioned, the calculation is a little more difficult. Multiply your bet by the top number, then divide the figure by the bottom number. Another common thing to see when using an odds payout calculator is an implied odds option.
This means, the odds correlate to the probability of a certain team winning, or outcome happening. Using the example from before, a favorite has roughly a A betting calculator can also assess the value of a bet by calculating the vig. There are hundreds of independent websites offering betting calculators, just search on Google.
Generally, no. But it really depends on which site you access the calculator from at that time. No, not normally. Some sportsbooks offer a calculator as part of the service. If not, bettors can find a site online and use that one. Not at all. It can be. It can mean nothing. It really depends on the bettor and their own preferences. 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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Convert a ratio to a decimal. This calculator shows the steps and work to convert a fraction to a decimal number. In a fraction, the fraction bar means "divided by. Dividing numbers is easy with a calculator. If you need to do long division by hand put the top number of the fraction numerator inside the division bracket and the bottom number denominator outside, to the left of the division bracket.
Complete the division to convert the fraction to a decimal. You can reduce the fraction to lowest terms first to make the long division math a bit easier. You can also see our Long Division Calculator with Decimals to convert a fraction to a decimal and see the work involved in the long division. If you would like help reducing fractions to lowest terms see the Simplifying Fractions Calculator.
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