The calculation for decimal to American odds also depends on whether you’re converting odds on an underdog or favourite. For decimal odds of 2.00 or greater, you simply minus 1 and multiply by 100. So for decimal odds of 3.00, you do this: 3 – 1 = 2. When converting fractional odds to decimal odds, the calculation requires you to add the multiplier + 1 (which acts as the stake). For instance, 6/4 express in decimal odds is 1.5 + 1 = 2.50 (decimals always expressed to two places). So -110 American odds convert to 1.909 decimal odds. To calculate the return on a bet using decimal odds, multiply the wager by the odds. For example, a $50 bet at 1.909 decimal odds returns $95.45. Profit and total payout of a bet using decimal odds as follows. Using These Calculations. The following examples illustrate how these calculations work. Decimal Odds Payout Chart. The following chart shows the potential profits and total payouts for various commonly-used decimal odds, based on a $10 stake.
While most gamblers are interested in converting odds to probability in order to discover the probability % based on the decimal odds offered by the bookies, there are also many gamblers who need a probability to odds calculator.
The MOG Probability To Odds Calculator can be useful when you analyze the winning probability % of different events and you want to convert those findings (probabilities) to actual decimal odds.
Example:Let’s say you analyze the winning chances of a football team in the next game. After your estimations and calculations are done, you end up with an approximate winning probability of 75%.
In order to understand what this percentage means from a betting perspective, your next goal is now to convert the probability % to decimal odds.
Using our calculator, you can easily find out that 75% converts to 1.33 odds.
Now, you can use this information to discover and compare the odds given by bookmakers with the probability/odds calculated by yourself. Isn’t this fun?
There’s also the possibility that you’re just curious to find out how much a random chance (probability %) for a team/player to win a game means when converted to decimal odds. At the end of the day, you know better what you need this for, so we’re happy that we can help. 🙂
Fraction To Decimal Odds Calculator
Good luck and don’t forget to gamble responsibly! 🔞
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