Free Odds Converter American, Decimal, Fractional & Probability 2025

The numerator (top number) indicates the potential profit for every unit wagered, while the denominator (bottom number) represents your stake. This can mean a pretty major difference to your potential profit, so if you’re looking to place a bet on a particular match or race, it’s worth your while finding the bookie with the best odds. Occasionally, though, you may need to convert from one format to another – for example if you’re completing an offer where the minimum odds are expressed in fractional format, and you prefer decimal.

• Additionally, converting betting odds to probability becomes straightforward, allowing you to comprehend the implied chances of success.
• At the beginning of a season or before a significant event, futures odds are initially established.
• Simply, the decimal odds represent the multiplier for what the total payout (i.e. bet plus winnings) will be if the bet cashes.
• Decimal odds are used across soccer, basketball, tennis, MMA, cricket, and nearly all online sportsbooks.
• While you certainly can put your brain to use and work out the maths by hand, the easiest way to do so is to use an odds converter.

Odds Formats Explained: American, Decimal, and Fractional

The three main formats are fractional, decimal, and American/moneyline. Finally, if you ever need to convert between odds formats and/or probabilities, there are plenty of tools to help – including our very own odds converter and probability calculator. Use our free Odds Converter to instantly switch between fractional, decimal, American (moneyline) odds and calculate implied probability. Convert betting odds with our professional calculator used by thousands of users monthly. This betting option is where you pick the team or player you believe will win a game or event. The odds indicate the potential profit for a $100 wager, with positive odds representing potential profit.

Comparing American odds, players receive a lower point spread with New Orleans (-4) at DraftKings while FanDuel offers more value on the Buccaneers (+170) moneyline. Being a math genius isn’t required since returns are displayed while placing bets plus on electronic and paper tickets. Cashing winning sports betting tickets requires a quality research plan, proper bankroll management, plus a solid understanding of the odds. This tool lets you input your wager and odds to instantly see your potential profit and total payout.

Fractional odds might be 5/4, meaning you could win $5 for every $4 wagered. Baseball betting odds are also commonly displayed in decimal, fractional or moneyline formats. Decimal odds, for instance, could be 1.90, indicating you could win $1.90 for every $1 wagered. Fractional odds might be 9/10, meaning you could win $9 for every $10 wagered. Possible returns are universal with the big three standard odds formats. It is however wise to register accounts at two or more sportsbooks in order to shop for the best prices.

Decimal Odds Conversion Formulas

If you live in certain parts of Canada or the United States, you will probably want to select the American/Moneyline odds format. In most other countries, for example, in Europe, South Africa, New Zealand, Australia, and India, the decimal odds format is more popular. The best thing about today’s most trusted online bookmakers is that you can actually change how the odds are displayed on that website.

The moneyline favorites are teams or players expected to win, indicated by lower odds. For instance, if Team A has -200 odds against Team B with +150 odds, Team A is the favorite. Underdogs, on the other hand, are expected to lose and have higher odds.

For instance, a $100 bet on the Brooklyn Nets to win at +150 odds will earn you a profit of $150. Many bettors think so, because the format makes implied probability and payouts easier to calculate quickly, helping spot undervalued lines. Yes, decimal odds are used for both pre-match and in-play betting, offering a clear way to track odds throughout the event. American sports-betting odds are either positive or negative numbers. Let’s go through the formulas required to convert between these formats and to calculate the implied probability.

Any side with a price of 2.01 or higher is a favorite while odds of 1.99 or lower indicates an underdog. A $100 bet on the Saints 1.52 moneyline returns $52 while a $100 wager yields a $160 net profit with the Bucs 2.60 decimal price. StatsHub’s tools are used by over thousands of users monthly to calculate, compare, and optimise betting outcomes. Our odds converter is just one of many free tools designed to give you the edge in sports betting and football analysis. From player stats to pinup betting odds comparison, we provide professional-grade tools completely free of charge.