To convert American odds to decimal odds, you take the total payout of the wager and divide it by the amount wagered. For American odds with a negative value. Fixed-odds betting is a form of wagering against odds offered by a bookmaker or an individual or on a bet exchange. It involves betting on an event in which. Fixed Profit calculator helps to determine what amount of money you should bet to receive guaranteed desired money. Fixed profit. Odds Calculate. COOKING DASH

Not all fractional odds are traditionally read using the lowest common denominator. Perhaps most unusual is that odds of are read as "one-hundred-to-thirty". Fractional odds are also known as British odds, UK odds, [5] or, in that country, traditional odds.

Decimal odds[ edit ] Favoured in Continental Europe , Australia , New Zealand and Canada , decimal odds differ from fractional odds by taking into account that the bettor must first part with their stake to make a bet; the figure quoted, therefore, is the winning amount that would be paid out to the bettor.

It is considered to be ideal for parlay betting because the odds to be paid out are simply the product of the odds for each outcome wagered on. Decimal odds are also known as European odds, digital odds or continental odds and tend to be favoured by betting exchanges because they are the easiest to work with for trading, in this case the purchase and sale of upside and downside risk.

Moneyline refers to odds on the straight-up outcome of a game with no consideration to a point spread. Some but not all bookmakers display the positive symbol. Odds conversion[ edit ] To convert fractional odds to decimal, take the fractional number, convert it to decimal by doing the division, and then add 1. For example, the 4-to-1 fractional odds shown above is the same as 5 in decimal odds, while 1-to-4 would be quoted as 1. The method for converting moneyline to decimal odds depends on whether the moneyline value is positive or negative.

If the moneyline is positive, it is divided by and add 1. If the moneyline is negative, is divided by the absolute moneyline amount the minus signed is removed , and then 1 is added. Negative odds - Minus divided by the american odds e. How do you convert fractional odds to decimal?

Add 1 to the fractional representation e. How do you convert fractional odds to american? Positive american odds - The fractional value multiplied by e. Negative american odds - Negative divided by the fractional odds e. How do you convert decimal odds to fractional?

Subtract 1 from the decimal representation e. How do you convert decimal odds to american? Positive american odds - The decimal value minus one multiplied by e. Negative american odds - Negative divided by the decimal odds minus one e. Also See Betting Calculator - Enter your odds and stake to calculate bet returns for all types of sports wagers. Supports all major formats including decimal, fraction and american.

Dutching Calculator - Odds changed since you placed your last bet? Use this calculator to determine the stakes necessary to guarantee a fixed return regardless of the outcome. Punters comfortable with exchange betting often use this approach as odds fluctuate more frequently. About AceOdds AceOdds provides the most comprehensive and reliable suite of bet calculators, with over 50, bets calculated daily. Trusted by independent bookmakers and punters to work out returns, you can be sure that the calculations are accurate.

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It is very important to know what payout you are getting on a bet. The odds that a sportsbook offers you is directly related to the implied probability of that outcome happening. If you find a bet where the implied probability of an outcome is lower than the true probability, then that is usually considered a good bet to make.

With this being said, lets look at an example from an NFL game. True Odds vs. Implied Odds When you decide to bet on sports, it is important to have a grasp on a few things. These are listed below: What are implied odds? What are true odds? Implied odds and true odds are important in determining if you are making a bet that has good value. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet.

Implied odds are the conversion of a sportsbooks offered odds into an implied win probability. A spread bet in football is normally offered at on both sides of the bet. This gives both outcomes a win probability of The implied probability of this spread bet winning would be Let's use the above bet of for both outcomes on a NFL spread bet. We know that both outcomes have an implied probability of If that same outcome has a true probability of With this being said, lets look at an example from an NFL game.

True Odds vs. Implied Odds When you decide to bet on sports, it is important to have a grasp on a few things. These are listed below: What are implied odds? What are true odds? Implied odds and true odds are important in determining if you are making a bet that has good value. You can use our odds calculator above to calculate the implied odds of a given bet as long as you know the odds of the bet. Implied odds are the conversion of a sportsbooks offered odds into an implied win probability.

A spread bet in football is normally offered at on both sides of the bet. This gives both outcomes a win probability of The implied probability of this spread bet winning would be Let's use the above bet of for both outcomes on a NFL spread bet. We know that both outcomes have an implied probability of If that same outcome has a true probability of This seems easy, but how do you find true odds? Essentially, true odds are subjective.

However, one person can calculate true probability by using predictive models.

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To Win:? Enter the amount of money you want to win with your wager. American Odds? Be sure to enter the minus sign - if applicable to your odds. Decimal Odds? Decimal odds are displayed as a number greater than one, usually with up to two decimal points 1. Error Total Payout? This is the amount you will receive if you win your bet original wager amount plus profit. More betting tools: Parlay Calculator Understanding betting odds The way sports betting odds are presented can differ between American, Fractional, and Decimal.

While they all mean the same thing, understanding how they work with your wager can be tricky. Use our betting odds and moneyline calculator tool above to convert these odds and learn more about them below. Bets with higher implied probability are given a higher negative value. Bets with lower implied probability are given a positive value. Decimal odds explained Decimal odds are the preferred variation for most countries outside of the U.

For example, if you enter American odds of into the US odds box, it will tell you that this equates to 1. Understanding the Different Odds Format The three most common formats are American odds, decimal and fractional, but sportsbooks of Asian origin may quote Hong Kong, Indonesian and Malay odds too. Read on to learn what they all mean and the level of profit you can expect. American Odds American odds start with a plus or a minus symbol.

That is just a guide. Odds that start with a plus are known as positive odds. If the line starts with a minus symbol, they are known as negative odds. Once again, you can wager any amount you choose. If one team has negative odds and the opposition has positive odds, the team with negative odds is the favorite and the team with positive odds is the underdog.

They tell you the return you should expect to receive based on your bet amount if your bet pays off. The figure includes the profit you stand to earn plus the return of your stake. You multiply your stake bet amount by that figure in order to calculate your potential return. Decimal odds of 1. Decimal odds make it easier to work out the profit you stand to earn on a parlay.

You can simply use our parlay calculator , which does all the hard work for you, in decimal odds or American odds, but if you prefer to work it out manually, you will need to convert the betting odds to decimal format first. Fractional Odds Fractional odds are also known as traditional odds. They are widely used at sports betting sites in the UK.

In the US, you generally see the fractional format used at race tracks, as opposed to American odds. It therefore helps to be able to convert fractional odds to American odds if you generally prefer to use American odds. Fractional odds are quoted as a fraction indicating the amount that would be paid out relative to a given stake. If the fraction is smaller than 1, it is known as odds-on. Calculator users will notice that odds-on is the same as negative in American odds. When you see fractional odds, the number to the left of the slash tells you the amount you will win by risking the number to the right of the slash.

Hong Kong Style Hong Kong odds are similar to the decimal format, but they do not include the return of your stake. It essentially represents the number of units that would be collected in excess of the initial stake were the bet to be successful.

Indonesian Style These betting odds are very similar to US odds.

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