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 convert sports betting odds 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:
Choose the type of odds you want to convert from first, then enter the value in the odds field. Converted numbers will be shown automatically into all other formats. We told you – it’s easy and simple!
What are the different odds formats & how to read
Fractional odds are also known as Traditional or British odds, and there is a reason for that – unsurprisingly their are used mainly by UK betting sites and British betting shops. The name also suggest they are showed as a fraction, for example 3/2 which corresponds to the “amount to win/amount staked.” For 20 pounds wagered on this odds (read as 3 to 2) you are given potential profit of 30 pounds. 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 favorite format for many bettors and betting sites across the world. The only thing you need to know is that the decimal odds value stands as multiplier for your wager – Your stake x Odds = Payout. For example on odds 2.50 – a 100 euro stake will return potential winnings of 250 euros – with a net winnings of 150.
Their even more widely used name is Moneyline odds. Also unsurprisingly used in the United States by different sportsbooks and betting sites 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 stake 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 stake.
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% of winning are written as 1.00. Positive odds means that you have a 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.
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