• Betting Odds Fraction To Decimals
• Betting Odds Fraction To Decimal Percents
• Betting Odds Fraction To Decimal Calculator

Calculate Odds as Decimals. Decimals are becoming a prevalent way to calculate odds, though this does mostly apply to sportsbooks rather than casinos. As with fractions or percentages, the bigger the decimal odds, the less likely it is that the event will happen. There are only two types of odds, which are unrelated to their displays as fractions, decimals or, as in America, whole numbers. Just remember those long ago school days (for some of us!) A fraction, such as 6/5, converts into a decimal 1.2, or vice versa.

Betting Odds Fraction To Decimals

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. This doesn’t mean that this is the player’s EXACT chance of winning the game. Learn how I made over 4k at to change odds from fractional to decimal on Mansion Bet.

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.

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.

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.

Betting Odds Fraction To Decimal Percents

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.

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.

Betting Odds Fraction To Decimal Calculator

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.