Converting betting odds to probabilities calculator free
Fractions Used primarily in the UK and Ireland, fractions" the potential profit should the bet succeed, relative to the stake.For example if 5 is bet at odds of 2/1 the potential profit is 10 (5 * 2) and the total returned is 15 (10 plus the 5 stake).Decimals Decimals" the potential return should the bet succeed, relative to the stake.For example if 5 is bet at odds of 3 the total returned is 15 (5 * 3) the potential profit is 10 (5 * 3 minus the 5 stake).
American Positive figures: The odds state the winnings on a 100 bet.g.American odds of 110 would win 110 on a 100 bet.Negative figures: The odds state how much must be bet to win 100 profit.g.American odds of -120 would win 100 on a 120 bet.Implied Probability Odds correlate to probability.g a 3/1 bet is expected to win one in every 4 attempts, hence the probability.How to Convert Odds and Probabilities - FAQ How do you convert odds to probability percentages?
Decimal - 1 divided by the decimal odds, multiplied by 100 to give a percentage.g.Decimal odds of 2 (1/2).Fraction - 1 divided by (the fractional odds plus 1 multiplied by 100 to give a percentage.Fractional odds of 3/1 (1 / (3/1) 1).American: Positive odds - 100 divided by (the american odds plus 100 multiplied by 100 to give a percentage.g.American odds of 150 (100 / (150 100).
Negative odds - Firstly multiply the american odds by -1 and use the positive value in the following formula: american odds divided by (the american odds plus 100 multiplied by 100 to give a percentage.g.American odds of -300 (300 300100).How do you convert probability percentages to odds?Decimal - 1 divided by (the percentage divided by 100).g.A probability of 50 1 / (50 / 100).Fraction - (1 divided by (the percentage divided by 100) minus.g.