Convert American odds to decimal odds and calculate the implied probability.
If you are a sports betting fan who wants to understand and compare American and Decimal odds formats, you have come to the right place. Odds are the way of expressing the likelihood of an event happening, and they can vary depending on how they are displayed. American and Decimal odds are two of the most common formats of odds in the world.
American odds are more prevalent in the US and Canada, and they show how much you need to bet to win $100 (if the odds are positive) or how much you will win for every $100 you bet (if the odds are negative). For example, if you bet $10 on an event with American odds of +150, you will win $15 ($10 x 150/100) plus your stake back, for a total return of $25. If you bet $10 on an event with American odds of -200, you will need to bet $20 ($10 x 200/100) to win $10 plus your stake back, for a total return of $30.
Decimal odds are the easiest and most common way to show odds. They indicate how much you will win for every unit you bet. For example, if you bet $10 on an event with decimal odds of 2.5, you will win $25 ($10 x 2.5) if your bet is successful.
To make your betting experience more convenient and fun, we have created a tool that allows you to enter American odds and instantly convert them to Decimal odds. You can also see the implied probability of each outcome based on the odds. Just type in the American odds in the box below and click on “Convert”. You will see the results in a table with the Decimal odds and the implied probability.
Our tool is free and simple to use, and it can help you compare different betting options and find the best value for your money. Whether you prefer American or Decimal odds, our tool can help you convert them in seconds.
Table of Common American Odds Converted to Decimal Odds
Frequently Asked Questions About Our Tool
Q: How do I use the tool?
A: Simply type in the American odds in the box below and click on “Convert”. You will see a table with the Decimal odds and the implied probability of each outcome.
Q: What is implied probability?
A: Implied probability is the percentage chance of an outcome based on the odds. It is calculated by dividing 100 by the Decimal odds. For example, if the Decimal odds are 2.5, the implied probability is 40% (100 / 2.5).
Q: How do I convert American odds to Decimal odds?
A: To convert American odds to Decimal odds, you need to follow different rules depending on whether the American odds are positive or negative. If they are positive, you need to divide them by 100 and then add 1. For example, if the American odds are +150, you need to divide them by 100 and get 1.5. Then you need to add 1 and get 2.5. If they are negative, you need to divide 100 by them (without the minus sign) and then add 1. For example, if the American odds are -200, you need to divide 100 by them (without the minus sign) and get 0.5. Then you need to add 1 and get 1.5.
Q: Why should I use your tool?
A: You should use our tool because it can help you understand and compare different odds formats quickly and easily. It can also help you find the best value for your money by showing you the implied probability of each outcome based on the odds.