Decimal Odds
By convention only a set of fractions are used in fractional odds betting markets. The set does not include exact mathematical equivalents to all possible decimal and American odds. We use the closet fraction that is used in betting markets.
Decimal odds are predominantly used in continental Europe, Australia and Canada. The format is a simple numerical representation of the potential return of a bet, which includes the stake amount.
Decimal Odds To Probability
For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter.
Decimal odds show the total amount you will get back if your bet wins for every 1 unit you stake. Unlike other types of odds, decimal odds always include the initial stake in the return rather than just the profit. If 1 unit is £10.00, then you would get back £25.00 if the decimal odds were on offer at 2.50. This £25.00 return would be made. How to convert American Odds to Decimal Odds. When converting American Odds to decimal odds there are two different formulas you use depending on whether you are converting positive odss (+) or negative odds (-). Converting positive odds: You divide the American odds by 100 and add 1. Examples: Odds of +120 conversion (120/100) + 1 = 2.20. Decimal odds are displayed as a number greater than one, usually with up to two decimal points (1.10, 1.90, 4.50, etc). Fractional Odds Fractional odds are displayed as a fraction (1/2, 10/11, 12.
Decimal Odds To Moneyline
Decimal Odds Converter
For an explanation of the odds types on this table see decimal, fractional and American odds. To find out what the numbers really represent see understand odds as probability with overround.