Convert Odds To Probability
- Convert Odds To Probability
- Convert Log Odds To Probability
- Converting Odds To Probability Logistic Regression
- Convert Odds To Probability Calculator
- Convert Betting Odds To Probability
Have you ever wondered what the chances of a team winning was based off of the money line for the game? That’s a key part of understanding money line bets. First, we have a simple calculator that you can use to plug in any moneyline (American style odds) and quickly get the fair market probability that it implies. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare.
Money Line Calculator (Implied Probability)
The following chart shows how likely a team is to win based off the odds. This is helpful in handicapping because you can see just what percentage of your wagers you need to win at each given money line in order to profit.
The odds converter tool in this page will convert odds from any of the three main formats into the other formats. It will also calculate the relevant implied probability too. To use it, simply enter the odds you wish to convert in the appropriate box, and then click the “Convert Odds” button. It’s as easy as that! First, we have a simple calculator that you can use to plug in any moneyline (American style odds) and quickly get the fair market probability that it implies. We’ve also included a chart below the calculator for reference, and to see how favorites and underdogs compare. Money Line Calculator (Implied Probability). How to convert decimal betting odds. Decimal odds are the easiest to convert into a percentage. For decimal betting odds, the formula is: 1 / decimal odds. If the decimal betting odds are 2.10, the equation would look like this: 1 / 2.10 = 0.4761904. Multiple your end result (0.4761904) by 100 to get the percentage: 47.6%. The odds conversion and implied probability calculator is a very useful one to have to hand if you are a punter who bets in a number of different countries with a number of different bookmakers, allowing you to easily understand what the odds quoted mean by translating them into a format you are familiar with.
The left chart is to be used for favorites, the right for underdogs.
Convert Odds To Probability
Win % – Percentage of wins required to show a profit at a given money line.
For example, you would need to win 80% of all of your bets just to break even if you only bet on -400 money line favorites (over 80% to turn a profit).
Moneyline Conversion: Odds to Percentage Chart
Favorites | |
Money Line | Money Line |
-400 | +400 |
-395 | +395 |
-390 | +390 |
-385 | +385 |
-380 | +380 |
-375 | +375 |
-370 | +370 |
-365 | +365 |
-360 | +360 |
-355 | +355 |
-350 | +350 |
-345 | +345 |
-340 | +340 |
-335 | +335 |
-330 | +330 |
-325 | +325 |
-320 | +320 |
-315 | +315 |
-310 | +310 |
-305 | +305 |
-300 | +300 |
-295 | +295 |
-290 | +290 |
-285 | +285 |
-280 | +280 |
-275 | +275 |
-270 | +270 |
-265 | +265 |
-260 | +260 |
-255 | +255 |
-250 | +250 |
-245 | +245 |
-240 | +240 |
-235 | +235 |
-230 | +230 |
-225 | +225 |
-220 | +220 |
-215 | +215 |
-210 | +210 |
-205 | +205 |
-200 | +200 |
-195 | +195 |
-190 | +190 |
-185 | +185 |
-180 | +180 |
-175 | +175 |
-170 | +170 |
-165 | +165 |
-160 | +160 |
-155 | +155 |
-150 | +150 |
-145 | +145 |
-140 | +140 |
-135 | +135 |
-130 | +130 |
-125 | +125 |
-120 | +120 |
-115 | +115 |
-110 | +110 |
-105 | +105 |
-100 | +100 |
Spread to Moneyline by Sport Conversion
The sports betting odds calculator allows you to convert betting odds across American and Decimal odds. The odds calculator will also tell you the equivalent implied probability of winning as well as return and profit given a bet amount. Fields with a yellow background are editable.
How to use a sports betting odds calculator
The sports betting calculator above allows you to see various outputs such as decimal odds, implied win probability, amount returned on a bet (or “payout”), and bet profit.
The yellow fields above are input cells. All you need to enter are the American odds of a bet (either by using the slider or entering the value in the field) and the bet amount.
You can use the odds calculator a few different ways:
- Convert odds from American to Decimal
- Convert American odds to an implied win probability percentage
- Return the profit of a given bet if it wins
The betting odds calculator will work for all types of bets: point spread, moneyline, total, or props. For any bet that has a handicap value set (ex: a point spread of -6, total of 43, etc.), you can ignore that part and simply enter the odds associated with that bet.
Related: Find sports betting calculators and more tools here
Moneyline Odds Calculator
Take for example the following matchup and associated moneyline odds to win the game:
Minnesota Vikings (+260) at San Francisco 49ers (-330)
I have bolded the moneyline odds to make it obvious what we are looking for. If you wanted to place a $10 bet on the San Francisco 49ers at -330, you could enter -330 in the odds calculator above.
You would see the following information as a result. Odds of -330:
- Decimal odds = 1.30
- Implied win probability = 76.7%
- $10 bet = $13.03 payout
- $10 bet = $3.03 profit
Point Spread, Total (Over/Under), and Props
Let’s say you wanted to bet a different market on the same game. Using the Vikings/49ers example, we have the following markets:
Convert Log Odds To Probability
Point Spread: Vikings +7 (-110) at 49ers -7 (-110)
Total: Over 44.5 (-120), Under 44.5 (+105)
Prop: Kirk Cousins TD Passes: Over 2.5 (+165), Under 2.5 (-190)
I have highlighted the actual odds you would enter for any of the given markets. Despite each example above representing a different bet, they all have odds that you can enter into the calculator.
Converting Odds To Probability Logistic Regression
Win Probability Calculator
The odds calculator will also tell you the implied probability of winning a given set of odds.
You can also check out our implied win probability to odds calculator if you want to take a win percentage and translate it to American or Decimal odds.
Using the previous example, American odds of -330 represents a 76.7% implied win probability.
Why is this useful?
Knowing the implied odds of a bet is extremely useful if you are doing your own modeling. If you have a model that says the San Francisco 49ers have a 79% chance to win the game, you could compare that to the implied win probability to see how it compares.
Convert Odds To Probability Calculator
While most models are unlikely to be sharper than the market number, it is a useful comparison point to see how your “number” compares to the market. Using odds calculators are a good way to check how your numbers stack up.
How do I calculate betting odds?
Calculating betting odds will depend on which odds format you used to place your bet: American, Decimal, or Fractional odds. Most bettors in the United States will use American odds. Each odds format represents the same thing: the percent chance of winning.
To calculate this percentage, convert odds from American to Decimal. Then take 1/Decimal odds to calculate the implied chance of winning. You can also calculate the bets payout, profit, and more.