Odds Converter

See the implied probability behind any odds. Convert odds between formats and understand what they really mean.

FREECONVERSIONS

Why it matters

Every odds format represents the same implied probability, which is why the total is always more than 100% across a market.

1ENTER ODDS

Choose a format and type your odds

Choose a format

Enter odds

e.g. 2.50

Tip: Odds of 2.50 return 2.50 for every 1 unit staked (including your stake).

2IMPLIED PROBABILITY
40%IMPLIED PROBABILITY
→ happens 4 out of 10 times

Odds are probability statements. 2.50 odds imply a 40% chance of this outcome.

3SAME PRICE IN OTHER FORMATS
AMERICAN ODDS
+150

e.g. +150

Profit 150 on a 100 stake.

=
FRACTIONAL ODDS
3/2

e.g. 3/2

Profit 3 for every 2 staked.

=
1.xDECIMAL ODDS
2.50

e.g. 2.50

Total return 2.50 for every 1 staked.

4WHAT THIS MEANS

2.50 odds imply

Wins 4 out of 10 times

Needs >40% true chance for value

2.50 odds imply a 40% chance.

In the long run, outcomes at these odds will break even 4 times out of 10.

To have positive expected value, the true chance of this outcome must be higher than 40%.

Sharp bettors think:

2.50 odds don't mean the outcome is likely — it still loses 6 out of 10 times.

Learn More
Next step

Know what the odds mean? Use the No-Vig Calculator to strip the bookmaker margin and see the true price behind the line.

Find the fair price
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