Decimal Odds Converter

The simple formular to convert from fraction odds to decimal is to divide the numerator (top number) by the denominator (bottom number) and add 1. The 1 represents the returned stake which is included in the decimal odds but not in the fraction odds. Odds of 2/1, will be 2 divided by 1, which gives 2, then add 1 equals 3. Odds of 9/4, will be 9. Convert values between American, Fractional and Decimal Odds. The Betrescue Odds Converter table converts decimal odds to fractional odds and vice version. Use our odds conversion table. European odds conversion The most common odds format for European bookmakers is decimal, where a price such as 4.00 represents the equivalent of the 3/1 fractional price. In decimal prices, the returned stake in a successful bet is included the odds. Decimal to American Odds / Moneyline Odds Converter. Our odds converter allows you to convert odds to your preferred format. Choose between fractional, decimal and American. Also calculate implied probability.

Implied probability is basically the conversion of odds into a percentage. That percentage then shows the likelihood of an outcome happening based on the size of the odds. High odds suggest a low probability of something happening, while low odds suggest a high probability of something happening.

For example, imagine a tennis player is +200 to win an upcoming match. This would be 3.00 in decimal odds, and 2/1 in fractional odds. The implied probability for these odds is 33.33%. In this example, the odds suggest that the player has a 33.33% chance of winning the match.

In sports, the probability of something happening is usually subjective. There are several factors to take into account and there’s always a chance of the unexpected. No one can state definitively the exact probability of a player or team winning a game they’re taking part in. There’s an element of personal opinion involved.

Gambling Odds Converter

Calculating the implied probability is useful though. It helps us decide whether or not we think a bet offers any positive value. We should always look for positive value when betting, and it exists when our estimated probability of an outcome happening is greater than the implied probability that the odds on that outcome suggest.

American Odds Converter

Confused? Don’t worry! It’s not as complicated as it may seem. To make this easier to understand, let’s continue with the example of the tennis player at +200 to win his match. As we’ve said, the implied probability here is 33.33%. So if we think that the player has a GREATER than 33.33% of winning, then it makes perfect sense to bet on him. If we think his chances are less than 33.33%, it’s wise not to bet on him.

If you’d like a more complete explanation on this subject, there’s an article in our sports betting guide that explains value and implied probability in further detail.