Gambling Odds Converter
Enter any odds value and it will convert it, as well as it will calculate the net profit for you.
Betting Odds Explained Decimal Odds. Decimal (or European) odds are most popular among the bookmakers online. They’re simple to understand and easy to calculate the return. That’s what the decimal odds represent – the return of your bet. For example, if the decimal odds are 1.5 and your stake is $10, you get $15 ($5 profit + $10 stake).
- How to convert from Decimals odds? Consider an example: A betting site has fixed decimal odds of 1.40 for Lazio to win over Empoli. Find the conversion of the Decimal Odds 1.40 to its other formats with the formulas and explanations below. Converting Decimal odds to Fractional odds.
- Betting Calculator Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds.
Convert American Odds to Fractional or Decimal Odds and vice verse with our Odds Converter.
Calculate the net profit of your wager.
American Odds
American Odds are very simple. They are based on $100 value and have main 2 types:
You either risk $100 to win some amount (underdog) or you risk the amount to win $100 (favorite).
These odd are mostly used in the websites that provide lines for US sports and/or to US sports bettors.
These are also called moneyline odds.
Favorites:
- In this case the odds come with a ‘-‘ minus sign.
- You risk some amount to win $100.
- The higher the absolute value of the odds the higer is the probabilty to win, meaning ‘-125 favorite’ has better chances to win than ‘-450 favorite’.
- Example:
'Eagles -125' means you bet $125 and you get profit of $100.
Gambling Odds Converter Australia
Underdogs:
- In this case the odds come with a ‘+’ plus sign.
- You risk $100 to win the amount.
- The higher the value of the odds the lower is is the probabilty to win, meaning ‘+180 underdog’ has better chanes to win than ‘+450 underdog’.
- Example:
'Texans +220' means you bet $100 and you get profit of $220.
Fractional Odds
Fractional Odds, also known as UK odds, are mostly used in the UK. Fractional odds are simple to calculate.
These odds are in a format of a fraction (3/4).
Gambling Odds Converter
The denominator (4) is the amount you wager and the numerator (3) is the profit you gain from that.
If we base it on the $100 value, in this example of 3/4 – you wager $400 (4 lots of $100) and gain $300 (3 lots of $100) profit.
Examples:'Eagles 4/5' means if you bet $100 you get profit of $80 ($100 * 4/5)'Texans 6/5' means if you bet $100 you get profit of $120 ($100 * 6/5)
Decimal Odds
Decimal odds, or European odds, are a bit different from the American and fractional odds. But they are simple as well, though it takes two steps to calculate the profit.
Here’s the main difference: the payout of decimal odds includes the stake in it.
Meaning that if the odds are 3.2 and you wager $100, you get $320 (3.2 * $100), then you subtract the stake and get the profit $220 ($320 – $100).
Or other way around, you subtract 1 from the odds 3.2 – 1 = 2.2 and muptiply it by the stake 2.2 * $100 = $220.
In decimal odds, the favorites are always smaller and the smaller the value, the higher the probabilty to win and the lower the profit.
Examples:'Eagles 1.8' means - you bet $100 - payout $180 - profit $80'Texans 3.2' means - you bet $100 - payout $320 - profit $220
It’s always good to know how these odds work to be able to quickly calculate your potential profit. However, you can always use our odds converter to calcuate the values even faster.