This page features an odds converter that can transform odds from any of the three primary formats to the remaining formats.
Additionally, it computes the pertinent implied probability.
Simply input the desired odds in the corresponding field and select the “Convert Odds” icon to utilize it. It really is that simple!
If you have arrived at this page with the explicit intention of utilizing a tool to convert odds, it is probable that you possess a rudimentary comprehension of odds and their operation as they pertain to sports wagering. Should you have limited knowledge on this subject, however, I recommend that you peruse the subsequent article included in our introductory guide to sports wagering.
An Examination of Various Odds Formats
For those residing in the United States, it is adequate to be familiar with moneyline odds, as only a restricted number of wagering sites accessible to US residents utilize this format. Similarly, individuals residing in the United Kingdom are essentially limited to understanding fractional odds. If you reside in Europe, then understanding the decimal format will be of the utmost importance.
Despite the foregoing, it is still prudent to become acquainted with the operation of each format. Numerous online wagering sites provide the option to select the format in which their odds are presented. Kindly consider that the conversation might ultimately turn in their benefit. For instance, the majority of sites that are accessible to users from the United States provide moneyline odds of -110 when placing bets on point spreads. When you opt to place your bets in decimal format, you will frequently encounter odds of 1.90. Betting on their conversion may result in a minor percentage loss of winnings, as the actual conversion rate is 1.9091.
Consequently, there may be benefits to utilizing the primary format provided by an online bookmaker. Consequently, it is prudent to ensure that you possess a comprehensive understanding of the various formats. Each one is explained in detail below.
Moneyline Odds and American Odds
In this formulation, odds are denoted by either a positive or negative value. When the value is positive, it signifies the amount of winnings that are awarded for every $100 wagered.
The subsequent illustrations demonstrate the operation of positive moneyline probabilities.
When the value is negative, it signifies the minimum amount that must be wagered to achieve a $100 gain.
The subsequent illustrations demonstrate the operation of negative moneyline probabilities.
For further information on how to determine the potential winnings from wagers placed using moneyline odds, please refer to our article on the subject.
Odds in Decimal Form
Outside of the United States, this is the most prevalent odds format; it is also known as European odds. The probabilities are typically expressed as a single positive number, with two decimal places added for simplicity. This value represents the return on a victorious wager, inclusive of the initial stake, per unit wagered. In practice, the decimal format is illustrated through the following instances.