Odds Conversion Formulas – BetSmart.co

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Odds Conversion Formulas

Convert odds between American, Decimal, and Fractional format using simple odds conversion formulas. Or, skip the math and use the chances converter rather!
Decimal to Fractional
Decimal to American
Fractional to American
Fractional to Decimal
American to Decimal
American to Fractional
Odds Converter
Decimal to Fractional
Remove 1 in the decimal and convert to a fraction, then reduce to simplest form:
(decimal-1) -> convert to percent Examples:
1.75: 1.75 — 1 = .75 = 75/100 = 3/4
2.20: 2.20 — 1 = 1.20 = 120/100 = 6/5
Decimal to American
To convert a decimal of 2.00 or higher:
moneyline = (decimal — 1) *100
Examples:
2.00: (2.00 — 1)*100 = 1*100 = +100
3.35: (3.35 — 1)*100 = 2.35*100 = +235
To convert a decimal of less than 2.00:
moneyline = (-100) / (decimal -1)
Cases:
1.9091 : (-100)/(1.9091 — 1) = (-100)/(0.9091) = -109.99 = -110
1.6579 : (-100)/(1.6579 — 1) = (-100)/(0.6579) = -151.98 = -152
Fractional to American
Over 1/1: Convert Fraction to Decimal and multiply by 100.
Moneyline = (fraction value)*100
Examples:
7/4: (7/4) * 100 = (1.40) * 100 = +140
6/5: (6/5) * 100 = (1.20) * 100 = +120
Under 1/1: split -100 from the Fraction as a Decimal.
Moneyline = -100/(fraction value)

Calculate Parlay Odds With This Useful Tool

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Parlay Calculator

Below you will discover odds you’ll receive on parlays. We’ve also compared those odds to 5Dimes, both for times and for their Friday expanded chances on parlays. In the very bottom of the page you’ll find a calculator which you can use to find out exactly what your payout will be on any amount for a parlay of around six groups (note that the chances utilized for your calculator are”typical” and not adjusted for the 5Dimes Friday Particular ).
Average Parlay Odds
2 Team Parlay: 13-5 odds 3 Team Parlay: 6-1
4 Team Parlay: 10-1
5 Team Parlay: 20 to 1
6 Team Parlay: 40 to 1
7 Team Parlay: 75-1
8 Team Parlay: 100-1
9 Team Parlay: 150-1
10 Team Parlay: 300-1
11 Team Parlay: 450-1
12 Team Parlay: 600-1 Odds
13 Team Parlay: 750-1
14 Team Parlay: 900-1
15 Team Parlay: 1500-1

Moneyline Odds Converter: Chart for Win Percentages & Probability

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Have you ever wondered exactly what the odds of a team winning was based from the cash line for the game? That is an integral part of knowing money line bets. The following graph shows how probable there is a team to win based off the odds. This is because you are able to see just what percentage of your wagers that you want to succeed each given money line in order to profit in handicapping beneficial.
The chart is to be utilized the best for underdogs, for favorites.
Win percent — Percentage of wins necessary to show a profit at a money line that is specific.
By way of instance, you would need to win 80% of all of your bets simply to break even if you only bet on -400 money line favorites (over 80 percent to turn a profit).

Odds Converter: Decimal, Fraction, American & Find Probability

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There are 3 methods of saying odds that most bookmakers and websites support.
Implied Probability can also be helpful when assessing a wager or checking how likely a result is.
Fractions
Used mostly in the UK and Ireland, fractions quote the potential profit if the wager triumph, relative to the bet. By way of instance if #5 is bet at odds of 2/1 the possible profit is 10 (#5 * 2) and the total returned is #15 (#10 and the #5 stake).
Decimals
Decimals quote the potential return should the wager triumph, relative to the stake. By way of example if #5 is wager at odds of the overall returned is #15 (#5 * 3) that the possible gain is #10 (#5 * 3 minus the #5 stake).
American
Positive figures: The chances state the winnings on a #100 bet e.g. american odds of 110 would acquire #110 on a #100 bet.
Negative figures: The odds state how much have to be bet to win #100 gain e.g. american odds of -90 would win #100 on a #90 wager.
Implied Probability
Odds correlate to odds e.g a 3/1 wager is expected to win you in each 4 attempts, hence the probability is 25%.
Also See
Betting Calculator – Enter your chances and bet to compute bet yields for all sorts of sport bet. Supports all major formats including decimal, fraction and american.
Dutching calculator – Opportunities altered since you placed your last bet? Use this calculator to work out the bets essential to ensure a predetermined yield irregardless of the results. This approach is most often employing by punters familiar with exchange gambling as chances fluctuate more frequently.

Payoff Odds – Horse Betting

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NorthBet pays FULL track odds on Win, Place and Show bet only.
A Customer will be compensated out the Entire bet minus takeout percentage in the next cases, given that stated client has the exact ticket and the monitor payout of the race:
* ALL Supers/Trifectas
* 3 out of 4 In the case of pool information not being readily available, payouts will be 3 times the consolation payout. In case the takeout information is not available, the default option is going to probably be 20%, and if the whole pool has been paid out, consolation payouts on that same race will not apply. Having said that, all ordinary track limitations continue to be applicable.
In case of a track showing up in the betting menu although not on the Horse Track Categories listing, the maximum net profit amount will roll right back to its default 1000.
NorthBet.ag currently holds home odds. For all types of wagers where there are no track payoffs, bets on that particular form will be refunded to the bettor.
Based on the class, each customer is assigned a maximum gross profit on every individual race. Upon calculating the race profit, the subsequent count towards the last race in its sequence: Daily Doubles, Pick 3 and Pick 4.
If NorthBet.ag detects any activity which reflects attempts to play adverse pool hedges on an account, it will be suspended.

Free Parlay Calculator

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PARLAY CALCULATOR

If you landed here most likely you know that a parlay is a cumlative collection of bets where winnings accure from every winning wager to another bet. In other words, a string of two or more wagers made in advance the orginal bet and it is winnnigs are risked on the sequential wager. Now that we have that straightened out you want a simple way. We have that covered with our free calulator. All You Have to do is follow the instructions Follow the directions below to calculate your parlay wager’s payout.
Input the moneyline of your plays (as much as 6 groups ) into the lines column.
Favorites are required to have a minus sign before moneyline. For instance -110.
For underdogs input the number. For example 140. Don’t use a plus sign.
Enter the dollar amount of your play at the Bet Square.
Click on calculate parlay to exhibit”internet” win amount. Total amount returned in case of really putting a money bet could be bet amount and bonuses.

iBET Odds Payout Calculator – WordPress plugin | WordPress.org

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Description

Betting Odd calculator calculates your payout. You may quickly identify just how much a wager returns for any stake. Calculator will determine how much money you’ll acquire in live casino and sports gambling.
This Betting Odd calculator is a completely free tool to compute for casino bets that are internet. A bet can be broken up into two elements stake???chances.
Enter your bet ???odds (Decimal) then click the ???calculate??? button and you will get the payout.
Contributors & Developers
“iBET Odds Payout Calculator” is open source software. The following individuals have contributed to the plugin.

Betfair Betting Simulator | Learn How To Use The Betfair Excahnge

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BETFAIR BETTING SIMULATOR

Betfair can be an intimidating platform for new users so we’ve set up a gambling simulator. Get acclimated with all the tool that was clever below.
TEST YOUR EXCHANGE SKILLS *Optimised for PC use Betfair’s Exchange markets are more dynamic, efficient and fluid that leads to better value for punters through better odds at reduced margins. Before you Back and Lay on the Exchange in real time, test your abilities on the Exchange Betting Simulator.
Employ what you’ve learnt in the Getting Started section of this Hub to ensure you BetSmart with Betfair.
Pre-Play Simulation: Press the Play Button below and start Backing and Laying.
In-Play Simulation: Wait for your hop countdown or press below.
Bet Groups: Back, Lay & Trade (Back-to-Lay & Lay-to-Back)

How to calculate implied probability in betting – Smarkets Help Centre

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To calculate implied probability in betting

Learning how to calculate implied odds from betting odds is critical to assessing the potential value in a gambling market.
Implied odds is a conversion of betting odds into a percent. It takes into consideration that the bookmaker perimeter to express the expected probability of an outcome happening.
Knowing how to convert gambling odds into implied probabilities is essential for gambling as it helps you evaluate the possible value on a particular industry. Once transformed, if the implied probability is significantly less than your assessment, then it represents betting worth.
The most usual chances formats are decimal, American and fractional. The formulas below explain how to convert chances to implied probabilities.
For the examples below We’ll use Smarkets odds for your 2016 Australian Open final between Andy Murray and Novak Djokovic:
Player Decimal odds Fractional chances chances that are American probability that is Implied Djokovic 1.20 1/5 – 500 83.3% Murray 5.50 9/2 +450 18.1%

Matched Betting Calculators – Bonus Money

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Matched Betting is a method using promotions to give you an edge over the bookmakers. Among the most common methods is to gain a bonus. Find a suitable bet using an Matcha or Oddsmatcher software. Back a bet at put and the bookmaker the bet on Betfair. To make sure you gain an profit you are able to use a calculator such as one under. Just enter the bet and chances and it will tell you the exact figure you Want to lay on Betfair First of all, you’ll need to choose what Bet Type you are putting;
Normal Bet / Qualifier / Turnover
Bonus Bet SNR (Stake Not Returned)
Bonus Bet SR (Stake Returned)
Then you input you Bet Stake. Here is the bet that is back that you are using.
Next, you’ll enter the Back Odds.
Inspired by the Lay Odds and the Lay Commission.