Betting Odds Converter
Convert Your Betting Odds With Ease
Welcome to our Odds Converter, the ultimate tool for converting betting odds across multiple formats. Whether you’re new to betting or an experienced punter, understanding odds is essential for making smart, profitable bets.
With this simple tool, you can easily convert Fractional, Decimal and American odds, ensuring that you always know exactly what your potential winnings are.
How Do Betting Odds Work?
Betting odds represent the probability of a specific outcome happening in an event. These odds tell you how much you can win if your bet is successful. Depending on where you’re betting (UK, Europe, or the US), odds may be displayed in different formats, including Fractional, Decimal, and American odds.
Here’s a quick breakdown of each type:
- Fractional Odds (used mainly in the UK and Ireland): Displayed as fractions (e.g., 5/1), where the first number shows how much you stand to win, and the second shows your stake.
- Decimal Odds (popular in Europe and Australia): Displayed as a single number (e.g., 6.00), this format shows the total return on a winning bet, including your stake.
- American Odds (common in the US): Can be either positive or negative (e.g., +500 or -200), indicating how much you could win or need to stake.
Why Use An Odds Converter?
Betting odds aren’t always presented in the format you’re familiar with, especially when using international bookmakers or exchanges.
You’ll find that with most bookmakers, you can choose how the odds are displayed, however, these preferences are not always easy to find on some bookmaker websites. With our Odds Converter, you can very quickly convert your odds into another format as well as seeing yoru implied probability and potential payout and profit depending on yoru bet stake amount.
When using a betting strategy such as Matched Betting it’s advantageous to use decimal odds as this is the format you’ll enter into Matched Betting calculators so you can use the Odds converter to quickly convert any Fractional or American odds.
How To Use The Odds Converter
Using our Odds Converter is simple:
- Enter the odds you wish to convert into the relevant field.
- The odds will be instantly converted and displayed in all formats.
- Enter a Bet Amount to see your potential payout and profit when using the odds you entered.
For example:
If you enter Fraction odds of 5/1, the tool will convert them to 6 in Decimal and +500 in American. The Implied Probability of those odds is 16.67%.