These odds may be converted from any of the three primary forms into the other formats using the odds converter tool that is included on this page.
Additionally, it will compute the probabilities that are relevant to the situation.
It is as easy as entering the odds that you want to convert into the proper box, and then clicking the “Convert Odds” button to go through the process. This is as simple as it gets!
You probably already have a rudimentary concept of what odds are and how they function in connection to sports betting if you came to this website especially seeking for a tool to convert odds. If you arrived to this page, then you are likely to possess this understanding. If, on the other hand, this is a topic that you are not especially acquainted with, then you may find it helpful to read the following article, which is part of our guide for novices to betting on sports.
Detailed Analysis of the Various Odds Formats
If you are a resident of the United States, it is sufficient to have a basic understanding of the moneyline odds, since this is the principal format used by the restricted number of gambling websites that are accessible to US citizens. In a similar vein, if you are a resident of the United Kingdom, then the only thing you really need to consider is how fractional odds operate. If you are a resident of Europe, then the decimal format is the one that you will find to be the most essential for you to comprehend.
After considering all that has been discussed, it is still a good idea to get acquainted with the operation of each format. A great number of websites that provide online betting will give you the option to choose the manner in which their odds are presented. It is important to bear in mind that the chat can turn out to be positively for them. As an example, the majority of websites that are favorable to US players have moneyline odds of -110 when betting points spreads. In the event that you want to place your wagers using the decimal format, you will often be presented with odds of 1.90. However, the actual conversion is 1.9091, which means that if you wager based on their conversion, you run the risk of losing a little fraction of the money you have won.
It is for this reason that it is beneficial to ensure that you have a solid understanding of each of the many formats that are available, since using the main format that is provided by an online bookmaker may really be advantageous. You may get an explanation of each of them down below.
Bets on the American Odds and Moneyline
In this style, odds are reported as either a positive number or a negative number, depending on the circumstance. Every time they are a positive number, the number indicates the amount of wins that are paid out for every $100 that is wagered.
In order to demonstrate how positive moneyline odds operate, the following examples are provided.
If they are a negative number, the number indicates the amount of money that must be wagered in order to win $100. This is the case when they are a negative number.
In order to demonstrate how negative moneyline odds operate, the following scenarios are provided.