Odds Converter – American Moneylines and European Decimals
Betting Odds Explained
American Odds — American Odds are the default odds format at most US friendly betting sites in addition to Nevada sports books. Here chances are expressed as either a negative or a positive number. When positive the odds represent how much a participant will gain on a successful $100.00 wager. So as an example if the odds are +180 a successful $100 wager will return $280 (the $100 bet + $180.00 win). When the odds are negative they signify how much a bettor must stake to win $100. Therefore $150 staked at -150 yields $250.00 (the $150 stake + $100 win).
Decimal Odds — Decimal Odds, also referred to as European Odds, are used in most European countries and are the default choice of many Asian bookies too. Here is the odds format as the odds represent there returns a 1 device wager to understand. For example a $1 bet at odds 1.91 yields $1.91. This return includes both your stake plus benefit; to calculate how much your return will be simply multiple your stake from the given chances.
Fractional Odds — Fractional Odds are used in Ireland and the United Kingdom. Here the number is the amount and the next number is the stake. So for examples 4/1 is bet 1 to win 4, and 10/11 is stake 11 to win 10. To compute how much a winning wager will profit, convert the percentage to a decimal and multiply it by the stake. For instance 3/2=1.5, therefore, if wagering at 3/2 a successful bet will return 1.5 times your bet in winnings and will additionally return your stake.
Implied Probability — Implied Probability is a bet must triumph to ordinary break even. That can be calculated as risk/return, therefore such as +200 in American format (3.00 European) is risk $100 to win $200 so a winning wager yields $300 ($100 stake + $200 win). Therefore the suggested probability of +200 is $100/$300= 0.3333, which is 33.33%. Because of this you should only bet at +200 if you think the likelihood of winning is higher than 33.33 percent.
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