The odds converter tool offers the easiest way to change between different odds format used in bookmakers and different betting sites, such as *Fractional*, *Decimal* and *American* and even the likes of Hong Kong, Indonesian and Malay odds. By utilizing our odds converter you will be able to do sports betting odds conversion in an instant, and on top of that – we are listing the most popular upcoming events for different sports with the highest odds available, from the most reputable sportsbooks online, which you can check in a format of your choice.
How to use:
First of all, choose the type of odds you want to convert from first, then enter the value in the odds field. You can convert fractional to decimal and odds fraction to decimal. Converted numbers will be shown automatically into all other formats. We told you – it’s easy and simple with this odds conversion betting tool!
What are the different odds formats & how to read them
Fractional odds are also known as Traditional or British odds, and there is a reason for that – unsurprisingly they are used mainly by UK betting sites and British betting shops. The name also suggests they are shown as a fraction, for example, 4/1 which corresponds to the “amount to win/amount bet”. For 10 pounds wagered on this odds (read as 4 to 1) you are given potential profit of 40 pounds. 4/1 as a decimal odds will be represented as a multiplier of 5. It might be little confusing for new players, especially if the numbers are close (ex 17/20), but that’s where bookmakers.net odds converter comes in handy.
Decimal odds are the most widely used format. Their alternate name is European odds, default type for almost all European countries as well as Canada and Australia. Being very easy to understand makes them an easy choice for beginners and a favourite format for many bettors and bet sites across the world. The only thing you need to know is that the decimal odds value stands as a multiplier for your wager – Your bet stake x Odds = Payout. The lower the decimal multiplier is, the higher the implied probability of a wager to be successful. For example on odds 2.50 – a 100 euro bet will return potential winnings of 250 euros – with net winnings of 150.
Their even more widely used name is Moneyline odds. Also unsurprisingly used in the United States by different sportsbooks there. Because they can have both positive and negative values, US odds might be a bit tricky to understand for a starter. If the American odds are positive this means the amount shown is your payout if you win a 100$ bet. But if they are negative – the amount stands for how much you have to bet in order to win 100$.
Hong Kong odds
As you may guess, the Hong Kong odds are usually used by Asia-based users. Similar to the Fractional and Decimal odds, the Hong Kong odds or shortly HK, are very simple to understand and easy to use. The most important thing to remember is that the evens with Hong Kong odds are presented as 1.00. Odds higher than 1.00 are known as “odds on” and those with lower than 1.00 (0.60 for example) are known as “odds against”. For example, a bet placed on 2.20 odds would make a profit of 2.20 units so a bet of £10 will give a player a profit of £22 on top of the original bet.
Indonesian odds are presented in a format that is similar to their American alternatives in that there are positive and negative types. Both types are based on a unit stake. In the case of Indonesian odds, they are based at a unit stake of a hundred and presented as decimal figures. For example, positive odds of +115 may be presented as 1.15. The plus sign is usually implied in such odds even if it is not there. Negative bets show the amount that you have to risk to win a unit bet while positive bets show how much you win from each unit bet that you place.
They are also called Malaysian odds. These are similar to Indo and American odds in that they are based on a unit stake and are either negative or positive. However, Malay odds differ from the rest in that they are inverted. This means that negative odds in USA and Indo format are positive on Malay odds and vice versa. In the Malay odds, bets that have 50% implied probability of winning are written as 1.00. Positive odds means that you have a implied probability of over 50% to win the bet and have stake more than the profit you receive. Negative odds mean that you will earn more than your initial wager if you win.
Odds Converter FAQs
How to convert odds to probability percentages?
To convert odds to probability percentage, divide the odds by one plus the odds. For example, when converting odds of 1/8 to a probability, divide 1/8 by 9/8 to get the probability 0.11%.
How to convert fractional odds to decimal?
To convert fractional odds to a decimal, divide the probability by one minus the probability itself. For example, if the probability is 20%, then the odds will be 0.2/0.8 which translates to 0.25.
How to convert American odds to decimal?
To convert a positive odd, divide the money line by 100 then add one to the answer. For a negative odd, divide 100 by the money line then add one to the answer.
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