Odds Converter
Convert between American, Decimal, Fractional odds and Implied Probability formats
Odds Converter
Convert between different odds formats
What is an Odds Converter?
An Odds Converter is an essential tool that allows you to convert between different odds formats used by bookmakers worldwide. Different regions and bookmakers use various odds formats, and understanding how to convert between them is crucial for comparing odds and making informed betting decisions.
Understanding Different Odds Formats
There are four main odds formats used in sports betting:
- American Odds: Used primarily in the United States, displayed as positive (+) or negative (-) numbers
- Decimal Odds: Most common in Europe and Australia, showing the total return including your stake
- Fractional Odds: Traditional format used in the UK, showing profit relative to stake
- Implied Probability: Shows the percentage chance of an outcome occurring based on the odds
How Each Format Works
- American Odds: +150 means you win $150 for every $100 bet, -200 means you need to bet $200 to win $100
- Decimal Odds: 2.50 means you get $2.50 back for every $1 bet (including your stake)
- Fractional Odds: 3/2 means you win $3 for every $2 bet (plus your stake back)
- Implied Probability: 40% means the bookmaker believes there's a 40% chance of this outcome
Why Use an Odds Converter?
- Compare Odds: Easily compare odds from different bookmakers using your preferred format
- International Betting: Understand odds from bookmakers in different countries
- Value Assessment: Convert odds to implied probability to assess betting value
- Arbitrage Opportunities: Quickly convert odds to identify potential arbitrage situations
Practical Applications
Use our Odds Converter to:
- Convert odds from your favorite bookmaker to a format you're more comfortable with
- Compare odds across multiple bookmakers to find the best value
- Calculate implied probabilities to assess whether odds offer good value
- Understand odds when betting on international sports or with foreign bookmakers
Once you've converted your odds, use our Expected Value Calculator to assess betting value, or check our Surebet Calculator to find arbitrage opportunities across different bookmakers.
Important Considerations
While odds conversion is straightforward, remember that different bookmakers may offer slightly different odds for the same event. Always compare the actual odds offered rather than just converting formats. Also, be aware that odds can change rapidly, so use the converter as a tool for analysis rather than relying on converted values for time-sensitive betting decisions.