Often, online bookmakers display their odds in one format or the other. Why do we need an odds convertor calculator/table? For example, looking for fraction odds of 8/1 will display the decimal, American, and probability odds too. Much like the calculator, this simply displays a list of popular odds offered with each and every other format aligned. If the odds convertor calculator isn’t your cup of tea then there is also an odds convertor table available. For example, if you were to enter 2/1 in the fraction column this would calculate every other format for you to see.

Simply enter the type of odds you have fractional, decimal, American, or probability from any bookmaker and this will calculate the odds in each other format.

How to use an odds convertor calculatorĪn odds convertor is a simple an easy tool to use, however they are really effective. Using our 2/1 example once more, this would be 33.3%. For example, a bet which is 1/1 would be 50%. American odds are in the hundreds and contain many more units than other traditional odds.įor example, taking our 2/1 fraction bet or 3.00 decimal bet example, in American odds this would be represented as 200.įinally, the implied probability is simply how likely the bet is to happen. Likewise, a 2/1 bet in decimal form is 3.00, also meaning that for every £1 bet, you will receive £2 if the bet is to win.Īmerican odds are quite obviously used by American bookmakers and more often than not on American specific sports such as American football. An example of a fraction odd is 2/1 – this means that for every £1 a customer bets, you will receive £2 if the bet is to win. However, it’s the way the odds are formatted which people get confused with.įraction and decimal odds are the most popular format of odds used by the majority of online bookmakers. For example, Ladbrokes may provide better odds on the football then Coral, and Coral may provide better odds on Boxing than Ladbrokes. What it is, how to use it, and how to work out odds for yourself.ĭifferent online bookmakers provide different odds, in different formats.

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