Convert American Odds To Fractional
Fractional Odds; Chances are, at some point, you’ll encounter each of these formats. For this reason, it pays to be familiar with each one. They all work in essentially the same way–basically just different ways of expressing the actual odds for any particular wager. Moneyline or American Odds. Moneyline odds are also known as American odds.
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- When converting from the moneyline format into the fractional format, the calculations again depend on whether the odds are positive or negative. To convert positive odds, you simply create a fraction by putting the relevant number over 100 and then simplifying the fraction if possible. Example: Converting +300 300/100 is simplified to 3/1.
Anyone who has placed a bet once must have wondered how they come up with the odds they give each team in a match. More important is understanding the profit that’ll be earned from the odds available. A lot of factors are taken into account to get it, like a team’s overall performance, league ranking et al. The decimal odds given by bookmakers in this part of the world make it easier to understand and quickly know what is expected in the outcome of the match. This is not to say surprises don’t happen as most people have come to realise in betting. Favourites aren’t always favourites and underdogs make favourites pay when taken for granted as we’ve come to know.
The decimal odds is very popular but is not the only way bookmakers provide odds to punters all over the world. There are a few others that have that has proven hard for punters to fully understand and that is what we here to address. At the end of this article, you will be able to understand the difference between the odds and how to convert between these odds types.
Odds format
There is three main betting odds format used by the different bookies for their customers. This can be tailored to what any punter prefers and is comfortable with. The three formats are:
Fractional Odds
Fractional odds are mostly used in the United Kingdom, where they are used by bookmakers and live horse racing bets.
Some simple examples include:
2/1 ( said as two to one)
10/1 (ten to one)
Example of odds against include
1/2 (two to one on)
It is used mainly in the UK and in international horse racing and less popular online nowadays.
It tells you the amount of profit relative to your stake if you win your bets.
For example, if you bet £10 at odds of 3/1, you receive £30 profit if you win.
Decimal Odds
This is the most commonly used format by betting sites in the world. This is most likely as a result of it being the simplest of the three formats. Odds are usually displayed using two decimal places and show exactly how much winning a stake will return on a betslip.
Common around the world, especially in Europe.
Shows the amount you will receive in profits if you win, including the return of your stake.
For example, if you bet $10 at odds of 3.75, you will receive $37.50 in total if you win.
Moneyline
Moneyline odds are also known as American odds, are used mostly in the United States. This format is a little more complicated to understand but with practice, you will become familiar with it. Moneyline can be either positive (with a + sign) or negative (with a -sign).
How Do Fractional Odds Work
Popularly used by US bookmakers hence it’s other name.
Based on a single bet (on the single outcome of a match event)
If the Moneyline is positive, the amount quoted is the amount you would win on a $100 bet.
If it is negative, the amount quoted is what you would need to bet to win $100.
How to Convert Fraction Odds to Decimal Odds
Converting a fractional odd into a decimal odd is done by dividing the first number (the numerator), by the second (the denominator), and adding 1.
Calculation: (numerator/denominator) + 1 = decimal odds
Example: 6/5 is equal to 2.20. Divide 6 by 5. This equals 1.20. Add 1, and you get the decimal 2.20.
How to Convert Moneyline/American Odds to Decimal Odds
Positive Sign – 1 plus (the american odds divided by 100) e.g. american odds of 300 = 1 + (300/100) = 4.
Negative Sign – 1 minus (100 divided by the american odds) e.g. american odds of -300 = 1 – (100/-300) = 1.333.
You can read about other interesting articles to build your sporting and betting knowledge on our blog. You can also get both free and paid prediction tips from the best tipsters here.
Did you know that, according to one UK-based bookmaker, there are 500/1 odds of Kanye West becoming the next US president? Depending on your viewpoint, it’s a brave or foolish bet. But while political betting markets aren’t offered in the US, these odds wouldn’t read as 500/1 in American bookies. They’d instead read as +50000, while it would be presented as 501.00 in Australia. That is to say, there is no single odds format used universally across the world. In this article, you will get to know the difference between American odds, fractional odds, and decimal odds.
Whether you’re trying your luck with seemingly absurd wagers, or gambling on more probable outcomes, you have to understand the odds used so you can always work out the best returns. The three main formats are American, fractional, and decimal odds and, as touched upon, different countries have different preferences. Let’s take a look at each format in turn.
American odds (also known as Moneyline or US odds) display the favorites with a minus sign and a number indicating how much you need to stake to win $100. The odds for the underdogs have a plus sign, showing the amount you’d win for every $100 staked. For example, in this guide to NFL odds, the odds for a game between the Chiefs and Packers are:
Chiefs +3 (-110)
Packers -3 (+110)
Ignoring the -3 and +3 figures, for now, the odds of +110 for the Packers indicates a lower probability of them winning the game. As such, it’s in the bookmaker’s interest to offer longer odds, which are more tempting. You’d win $110 for every $100 gambled on the Packers if they unexpectedly won, which would give you $210 including your original stake. If you bet on the Chiefs instead, you would need to wager $110 to take home $100, which would also win you $210, including your stake. So you’ll have to gamble more to win less on the Chiefs, hence why they are favorites.
The +3 and -3 represent the point spread. This means, to win a bet on the Packers, they would need to win the game by more than three points. To win on the Chiefs, they would need to lose by two points or less (or win the game). The point spread works as an equalizer so that betting on either team offers an almost even chance of winning, despite the clear disparity between the two teams.
Fractional odds are typically used by the UK and Irish bookmakers. These are usually written with a slash or a hyphen — for example, 7/1 or 7-1, pronounced as ‘seven-to-one’. These particular odds would mean that you win $7 for every $1 you wager. According to one soccer bookmaker, the three favorites to win the 2022 World Cup have the following odds:
France: 11/2
Germany: 13/2
Argentina 11/1
With shorter odds than the other two teams, France are the current frontrunners. And while you’d make $11 for every $2 spent on France and $13 for every $2 on Germany, you’d win $11 for each $1 you wagered on Argentina to be champions. So, say you bet $100, you’d make $550 profit on France [$100 x (11/2)], $650 on Germany [$100 x (13/2)], and $1100 on Argentina [$100 x (11/1)].
There are also reverse fractional odds, known as ‘odds-on’ prices. The bottom number of the fraction shows how many times your stake will be divided to calculate your winnings:
$1 stake divided by 2 = $0.50 winnings = odds of 1/2
$5 stake divided by 2 = $2.50 winnings = odds of 1/2
$10 stake divided by 2 = $
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5 winnings = odds of 1/2
Decimal odds are used by bookmakers in Europe, Australia, New Zealand, and Canada. These are very easy to understand, and instantly allow you to distinguish between the favorites and underdogs. With decimal odds, the number represents what you’d win for every $1 wagered, including your stake. To work out the potential return, simply multiply the stake by the decimal number. For example, one Australian bookmaker offers the following odds on who will win the 2020 US presidential election:
Joe Biden: 2:00
Donald Trump: 2:00
Mike Pence: 34:00
So, if you were to put $100 on either Biden or Trump, your total return would be $200 ($100 x 2.00). As this figure includes the initial stake, your net profit is $100. Whereas, if you wagered $100 on Pence, you’d take home $3400 ($100 x 34.00), with a profit of $3300. From this, it’s obvious that Biden and Trump are clear frontrunners to be the next US president, with Pence’s long odds showing how unlikely his chances of taking office are perceived to be.
It is important to note that American, fractional and decimal odds are simply alternative ways of presenting the same information, meaning you can convert between them easily.
Convert American Odds To Fractional Odds
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