Money Line Odds Converter

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Enter the odds you wish to convert into any of the boxes in the betting odds converter and click on “Convert”. It will then display the equivalent odds in all the different formats. The Spread Moneyline Converter is used by bettors to find weak Moneylines offered by sportsbooks. We all love to bet on the spread, but sometimes the moneyline is offering better value. How To Convert Decimal Odds To Fractional. There are two steps to convert decimal odds into a fraction. Step 1) Convert decimals odds into a fraction by subtracting 1, and using 1 as the denominator. Example: 3.40 – 1 = 2.40. This creates the decimal odds of 2.40/1. While this is a perfectly good fraction, bookmakers never use numbers with.

Money Line Odds Calculator

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.

While it is valuable to understand what betting odds represent and convert between American odds, Decimal odds and Fractional odds in your head, our Odds Converter Calculator conveniently does it all for you. Convert seamlessly between American, Decimal and Fractional odds.

European

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.

Moneyline to spread converter
This doesn’t mean that this is the player’s EXACT chance of winning the game.

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.

Money Line Betting Odds Calculator

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.

Moneyline Odds Converter

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.

Percentage To Odds Converter

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.