You can also see the probability of winning that the oddsmaker implies by setting the line at what it is. Since not all sports betting sites use the same type by default, you can use this tool to quickly convert odds to a format that you understand. It also means what your break-even point for profitability is for those given odds. This is reflected as a percentage so the number will always be between 0% and 100%. The odds reflect the bookmaker’s assessment of the implied probability of a particular outcome, not the actual probability. For example, odds of 5/1 read as “five to one”, which means you would win $5 for every $1 bet.

Fractional OddsĬommon in the UK and Ireland, these are expressed as fractions. So, if the odds are 1.5, you would get $1.5 back for each $1 bet (including your original stake). The odds represent the total return from a $1 bet. This format is commonly used in Europe, Canada, and Australia. If the odds are negative (-200), it shows how much you need to bet to win $100. If the odds are positive (+200), it signifies the amount you will win from a $100 bet. These odds are often used in the United States and can be either positive or negative. Sports betting odds are usually displayed in one three formats: American, Decimal, and Fractional. Just hit the reset button if you’d like to start over. You may also manually adjust the bet amount in USD to calculate what your payout would be based on the odds provided. Winning Bet Pays: How to Use the Odds CalculatorĮnter the odds in your preferred format and instantly view how they are converted into other popular types.

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