1 1 Odds In Decimal
Implied probability is basically the conversion of odds into a percentage. That percentage then shows the likelihood of an outcome happening based on the size of the odds. High odds suggest a low probability of something happening, while low odds suggest a high probability of something happening.
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- 1 1 Odds In Decimal Converter
For example, imagine a tennis player is +200 to win an upcoming match. This would be 3.00 in decimal odds, and 2/1 in fractional odds. The implied probability for these odds is 33.33%. In this example, the odds suggest that the player has a 33.33% chance of winning the match.
For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter. For an explanation of the odds types on this table see decimal, fractional and American odds. Fraction and decimal odds are the most popular format of odds used by the majority of online bookmakers. An example of a fraction odd is 2/1 – this means that for every £1 a customer bets, you will receive £2 if the bet is to win. Likewise, a 2/1 bet in decimal form is 3.00, also meaning that for every £1 bet, you will receive £2 if the. 1 / Decimal Odds. Example: Converting 2.50. What this example shows us is that the implied probability of 2.50 odds is 0.40 (or 40% if expressed as a percentage). This means that odds of 2.50 on any possible outcome imply that the chance of that outcome happening is roughly 40%. A simple formula for decimal odds is: Your Stake x Odds = Payout Let’s look at a few examples. Say you are backing Manchester United and Man U’s decimal odds to win are 1.82, if you wagered $100 your potential return on your bet would be $182. Fractional, Decimal and Moneyline also known as American odds. European odds conversion. The most common odds format for European bookmakers is decimal, where a price such as 4.00 represents the equivalent of the 3/1 fractional price. In decimal prices, the returned stake in a successful bet is included the odds.
In sports, the probability of something happening is usually subjective. There are several factors to take into account and there’s always a chance of the unexpected. No one can state definitively the exact probability of a player or team winning a game they’re taking part in. There’s an element of personal opinion involved.
Calculating the implied probability is useful though. It helps us decide whether or not we think a bet offers any positive value. We should always look for positive value when betting, and it exists when our estimated probability of an outcome happening is greater than the implied probability that the odds on that outcome suggest.
Confused? Don’t worry! It’s not as complicated as it may seem. To make this easier to understand, let’s continue with the example of the tennis player at +200 to win his match. As we’ve said, the implied probability here is 33.33%. So if we think that the player has a GREATER than 33.33% of winning, then it makes perfect sense to bet on him. If we think his chances are less than 33.33%, it’s wise not to bet on him.
If you’d like a more complete explanation on this subject, there’s an article in our sports betting guide that explains value and implied probability in further detail.
Convert odds between American, Decimal, and Fractional format using simple odds conversion formulas. Or, skip the math and use the odds converter instead!
Decimal to Fractional
Remove 1 from the decimal and convert to a fraction, then reduce to simplest form:
(decimal-1) -> convert to fraction
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)
Examples:
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: divide -100 by the Fraction as a Decimal.
Moneyline = -100/(fraction value)
Examples:
1/4: -100/(1/4) = -100/.25 = -400
1/10: -100/(1/10) = -100/.1 = -1000
Fractional to Decimal
Convert the fraction to a decimal and add one.
Examples:
3/4: (3/4) + 1 = (.75) + 1 = 1.75
6/5: (6/5) + 1 = (1.20) + 1 = 2.20
American to Decimal
Positive Odds (“+”): Divide the moneyline by 100 and add 1.
decimal = (moneyline/100) +1
Examples:
+100: (100/100) + 1 = 1 + 1 = 2.00
+235: (235/100) + 1 = 2.35 + 1 = 3.35
Negative Odds (“-“): Divide 100 by the moneyline, then add this value to 1.00.
decimal = (100/moneyline) + 1
Examples:
What Are 1/2 Odds In Decimal
-110: (100/110) +1 = 1 + 0.9091 = 1.9091
-152: (100/152) +1 = 1 + 0.6579 = 1.6579
American to Fractional
1/1 Odds In Decimal
Positive Odds (“+”): Divide the moneyline by 100 and reduce to simplest form
(moneyline/100) -> simplest form
Examples:
+120: (120/100) = 6/5
+250: (250/100) = 5/2
Negative Odds (“-“): Divide 100 by the moneyline and reduce to simplest form
(100/moneyline) -> simplest form
1 As A Decimal
Examples:
-120: (100/120) = 5/6
-300: (100/300) = 1/3
Odds Converter
Skip the math and easily convert odds between Fractional, Decimal and American format:
1 4 Into Decimal Form
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1 1 Odds In Decimal Converter
Want to learn more? Read this full article on betting odds conversion.