Calculating betting odds

This is the amount you will receive if you win your bet original wager amount plus profit. More betting tools: Parlay Calculator Understanding betting odds The way sports betting odds are presented can differ between American, Fractional, and Decimal. While they all mean the same thing, understanding how they work with your wager can be tricky.

Use our betting odds and moneyline calculator tool above to convert these odds and learn more about them below. Bets with higher implied probability are given a higher negative value. Bets with lower implied probability are given a positive value.

Decimal odds explained Decimal odds are the preferred variation for most countries outside of the U. Instead of using positive and negative values or fractional equations, decimal odds display a simple value that you multiply your bet amount by to calculate your profit money won and overall return profit and original risk amount. Fractional odds explained Fractional odds are most common in horse racing and futures markets. You can also define your odds conversion to a specific bet amount to see your expected profit if that wager should win.

Odds with lower implied probability have larger risk and therefore pay out more compared to odds with higher implied probability and lower risk. FAQs How do you convert American odds to decimal? How do you convert American odds to fractional? How do you convert decimal odds to American? The number on the left 9 dictates how many times the book expects the relevant outcome to fail; whereas the number on the right 5 tells us how many times the outcome is expected to succeed.

To calculate the implied probability of Golovkin winning the fight, take the number of times he is expected to win 13 and divide it by the total number of trials This results in a Therefore, the probability of Alvarez winning the fight is calculated by dividing 8 the number of times he would win by 19 the total number of trials. Alvarez has a Below is how to solve that using the formula. Betting on underdogs in any sport typically allows you to risk less in order to win more.

While not technically related to odds, a push will definitely affect your payout. Every bettor should be aware of the possibility of a push before they lay their first wager on sports.

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