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Betting Odds Converter

Convert between American, decimal, and fractional odds

Enter odds in any format to convert between American, decimal, and fractional.

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Implied win probability
How this works: converts through decimal odds as a common format. Implied probability = 1 ÷ decimal odds × 100 — this is the raw single-line probability and doesn't remove the sportsbook's built-in margin (vig).

The three odds formats

Bookmakers express the same price in different ways depending on where you are:

  • Decimal (e.g. 2.50): common in Europe, Australia and New Zealand. The total returned per 1 unit staked, including your stake.
  • Fractional (e.g. 6/4): traditional in the UK and Ireland. Profit relative to stake: win 6 for every 4 staked.
  • American (e.g. +150 / −200): used in the US. A plus number is the profit on a 100 stake; a minus number is how much you must stake to win 100.

How the conversion works

Everything goes through decimal odds:

  • Fractional a/b → decimal = a ÷ b + 1
  • American +X → decimal = X ÷ 100 + 1
  • American −X → decimal = 100 ÷ X + 1

The implied probability is 1 ÷ decimal odds × 100%: the chance the price suggests, before removing the bookmaker's margin.

Worked example

6/4 = 1.5 + 1 = 2.50 decimal = +150 American. Implied probability: 1 ÷ 2.5 = 40%. A 10 stake returns 25 (15 profit plus the 10 stake).

−200 American = 100 ÷ 200 + 1 = 1.50 decimal = 1/2 fractional, an implied probability of 66.7%.

FAQ

What is the vig or overround?

The bookmaker's built-in margin. If both sides of an even contest are priced at 1.91 (−110), each implies 52.4%, which adds up to 104.8%. The extra 4.8% is roughly the bookmaker's edge.

How do I remove the margin to get “fair” probabilities?

Divide each outcome's implied probability by the market total. In the example above, 52.4 ÷ 104.8 = 50% for each side.

Are higher odds better value?

Not necessarily. Higher odds mean a bigger payout but a lower implied chance of winning. A bet is only value if you believe the true probability is higher than the implied one.

Gambling help

Odds describe chance, not a strategy for winning. If betting stops being fun, free confidential support is available, such as the Gambling Helpline in New Zealand (0800 654 655), GambleAware in the UK and 1-800-GAMBLER in the US.