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Odds typically refer to the ratio between the probability of one event happening versus another where the two events are mutually exclusive and exhaust all possible outcomes. In simple games with dice it could be the odds of rolling a sum of five with two six-sided dice versus not rolling it. The odds of that happening versus not happening are one to nine. Alternatively, we have nine to one odds for not rolling a sum of five. In the context of betting odds are directly linked to the implied probability of the outcome of interest.

There are different ways of giving odds in such a context and they are named mostly based on the geographical location where their use is most typical. This means negative odds are given to the event which is considered more probable whereas positive odds are given to the event considered less probable. In the case of sports betting, negative odds are given to the favorite to win and positive odds are assigned to the underdog. For a working example, consider an NFL game where team A is given odds of and team B is given odds of This means a bookmaker beliefs, typically based on data, that team A has much greater chance of winning compared to team B.

If you are reading this from the USA and are considering placing bets, then you need to consider your local legislation regarding gambling as it is still illegal in a number of US states as of see reference [1] below for the current status of your state. These are called "British" or U. Our odds calculator outputs the odds in all four types, as well as the payout and winnings. Their main advantage is that one can instantly spot who is the favorite and who is the underdog - the former will have the lowest odds and the latter - the highest.

Typically written with a precision of three digits after the decimal point, decimal odds show the expected payout for every dollar wagered. As an example, odds of 1. Odds of 2. Implied odds Implied odds are odds transformed into a probability, expressed as a percentage, a. It is possibly the most intuitive of all the types of odds when one is considering the risk and reward potential of a bet and is one of the outputs of our bet odds calculator.

Positive odds - 1 plus the american odds divided by e. Negative odds - 1 minus divided by the american odds e. How do you convert american odds to fractional? Positive odds - The american odds divided by e. Negative odds - Minus divided by the american odds e. How do you convert fractional odds to decimal? Add 1 to the fractional representation e. How do you convert fractional odds to american?

Positive american odds - The fractional value multiplied by e. Negative american odds - Negative divided by the fractional odds e. How do you convert decimal odds to fractional? Subtract 1 from the decimal representation e. How do you convert decimal odds to american? Positive american odds - The decimal value minus one multiplied by e. Negative american odds - Negative divided by the decimal odds minus one e. Also See Betting Calculator - Enter your odds and stake to calculate bet returns for all types of sports wagers.

Supports all major formats including decimal, fraction and american. Dutching Calculator - Odds changed since you placed your last bet? Use this calculator to determine the stakes necessary to guarantee a fixed return regardless of the outcome.

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