Understanding Betting Odds Calculators
There are three major formats in which most online sportsbooks quote odds:
- Moneyline/American odds
- Fractional/UK odds
- Decimal/European odds
Perhaps you have a European market on the Ryder Cup golf at one site but want to compare it with the same betting market at a US website. Maybe you want to find the best odds on the World Cup soccer, but you are finding odds in fractions, decimal and moneyline.
To be honest, who needs the hassle? The more time you waste, the more you're losing on the sports.
Have you ever wondered about the money to be made off betting on the underdogs? Linemakers know you want to bet on the favorite and don't think that they won't take advantage of this!
Chance of Winning Odds Calculator
OK, so you now have a way of converting any type of odds using our gambling calculator.
But what if you want to work out your own odds on a market and whether a bet is value?
With our sports betting calculator below, you can choose from the drop-down box the chance of an outcome happening. The betting odds calculator will then work out what the Fractional, Decimal, and Moneyline odds SHOULD be.
If, from your research, you've worked out that Brazil are a 60 percent chance to win their World Cup semi-final, choose it from the drop-down menu and you will see that Fractional odds are 2/3 on, the Decimal odds 1.67, and the Moneyline -150. Does that match the online bookies' pricing?
Chance of winning odds calculator
What Is an Odds Converter Calculator?
On this page you'll be able to convert sports betting odds across the three different formats, or convert chance of winning percentages to each of the different formats, hassle-free and in a flash.
To use, simply input your known odds in either Moneyline (American), Fractional (UK) or Decimal (European) odds into one of the boxes and click the convert button. The odds equivalent in all other formats will then be shown, as well as your expected profit. Remember that you would also have your original bet returned to you, so add that value to the profit for your total payout figure. The odds equivalent in all other formats will then be shown, as well as your expected profit. Remember that you would also have your original bet returned to you, so add that value to the profit for your total payout figure.
Win More At OnlineGambling.com!
We hope you make good use of our sports bet calculator and odds payout calculator on this page. Now, put your knowledge to the test and sign up with one of our great sports betting sites. You will find odds in all three formats and a great range of markets to wager on.