This odds conversion tool converts between US, decimal, fractional, Hong Kong, Indonesian, Malay odds, and implied probability. Enter any one of the seven and the other six will be computed and displayed.
US-style odds most common, not surprisingly, found in the United States are quoted as either a positive or a negative number. When quoted as a negative number the betting odds figure represents the unit amount a bettor would need to risk in order to win units. When quoted as a positive number the odds figure represents the unit amount a player would win were he to risk units.
Decimal-style odds most common outside the US, UK, and Ireland are quoted as a positive number greater than 1 typically displayed to 2 or more decimal places. It represents the number of dollars that would be returned if the bet wins including the initial stake. Hence, decimal odds of 1.
Decimal odds of 1. Using decimal-style odds, even odds bets are quoted as 2. Fractional-style odds most common in the UK and Ireland are quoted as a fraction indicating the amount that would be paid out relative to a given stake. Hong Kong-style odds are quoted as a positive number greater than 0 typically displayed to 2 or more decimal places.
It represents the number of units that would be collected won in excess of the initial stake were the bet to win. Hong Kong odds of 0. Indonesian-style odds are quoted as a number with absolute value greater than 1 typically displayed to 2 or more decimal places. When Indonesian odds are positive they are interpretted in the same manner as Hong Kong odds, so Indonesian odds of 2.
When quoted as a negative number the odds figure represents the unit amount a bettor would need to risk in order to win 1 units. Indonesian odds of Indonesian-style odds always have one-tenth the value of their US-style counterparts. Hence Indonesian-style odds of Malay-style odds are quoted as a number with absolute value no greater than 1 typically displayed to 2 or more decimal places. When Malay odds are positive they are interpretted in the same manner as Hong Kong odds, so Malay odds of 0.
Malay odds of Now, put your knowledge to the test and sign up with one of our great sports betting sites. Whether you're into baseball, football, basketball, or racing, you will find odds in all three formats and a great range of markets to wager on and with our handy sports betting calculator, things couldn't be easier! From there, you divide the right-hand side — one — by the total figure — three — giving the answer of When looking to make a bet, speed is key, something that our sports betting calculator can help with.
Input your type of odds, given odds, and total bet, and the betting calculator will handle the rest. Moneyline odds sometimes listed as US or American odds probably rank as the most confusing odds format out there, largely as it appears to be used exclusively in North America.
Yes, it is a bit complicated to understand, but that is the nature of the beast when it comes to moneyline odds. Finally, on European shores, decimal odds are often the preferred choice. Expected value is the total amount that a punter can expect to win or possibly lose when they place a wager on the same odds multiple times over.
Expected value is calculated by multiplying your winning probability with the amount you could win per wager, then subtracting the losing probability multiplied by the amount lost per bet. Our reviews and guides are used by more than , players worldwide every year. We put gambling sites through a solid reviews process that can sign off on all aspects of security, banking, software and games. We'll only ever list fully licensed and trusted sites that have proven their safety and fairness records to the likes of:.
Home Casino Sports Betting Poker. Amount you plan to bet. Check out our short odds guide written by professional sports bettors and discover how to quickly and easily calculate odds on the fly without using tools. Chance of Winning Odds Calculator OK, so you now have a way of converting any type of odds using our gambling calculator. But what if you want to work out your own odds on a market and whether a bet is value?
How do you calculate odds ratios? Related Guides Real Money.