{"id":550,"date":"2023-01-03T16:43:34","date_gmt":"2023-01-03T13:43:34","guid":{"rendered":"https:\/\/parimatch.co.tz\/blog\/?p=550"},"modified":"2024-02-07T13:42:33","modified_gmt":"2024-02-07T10:42:33","slug":"how-to-convert-betting-odds","status":"publish","type":"post","link":"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/","title":{"rendered":"How to Convert Betting Odds"},"content":{"rendered":"<p>You might have noticed that different bookmakers present betting odds in different ways. If you feel confused and want to make sense out of it, you&#8217;ve come to the right place.\u00a0This article is here to help you understand the correlation between different types of odds.<\/p>\n<p>But before you start reading, there&#8217;s one thing you need to know. <a href=\"https:\/\/parimatch.onelink.me\/lTl0\/TZ\">Parimatch betting app<\/a> lets you easily switch between odds formats. Just register, go to your profile and choose a preferred format: decimal, fractional, American and Hong Kong odds. No need to do the maths yourself!<\/p>\n<p>Still, if you want to understand it all, we&#8217;re at your service. And if you want to start with odds from the very beginning, you can refer to our guides to betting odds:<\/p>\n<ul>\n<li><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/betting-odds-explained\/\">Betting Odds Explained: Basics for a Bettor<\/a><\/li>\n<li><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-read-and-calculate-sports-betting-odds\">How to Read and Calculate Sports Betting Odds<\/a><\/li>\n<li><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-find-the-best-betting-odds\/\">How to Find the Best Betting Odds \u2014 Tips and Strategies<\/a><\/li>\n<\/ul>\n<p>What&#8217;s more, you can always find real-time examples of what we&#8217;re discussing on Parimatch website.<\/p>\n<div class=\"btn-box\"><a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=how-to-convert-betting-odds\" class=\"article__button button button_article\" style=\"\" target=\"_self\">See Parimatch betting odds<\/a><\/div>\n<p>Now let&#8217;s get to the science of converting sports betting odds!<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dd106513b0f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dd106513b0f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Odds\" title=\"How to Convert Odds\">How to Convert Odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Fractional_Odds_to_Decimal_Odds\" title=\"How to Convert Fractional Odds to Decimal Odds\">How to Convert Fractional Odds to Decimal Odds<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Fractional_Odds_to_Implied_Probability\" title=\"How to Convert Fractional Odds to Implied Probability\">How to Convert Fractional Odds to Implied Probability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Implied_Probability_to_Decimal_Odds\" title=\"How to Convert Implied Probability to Decimal Odds\">How to Convert Implied Probability to Decimal Odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Fractional_Odds_to_Profit\" title=\"How to Convert Fractional Odds to Profit\">How to Convert Fractional Odds to Profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Decimal_Odds_to_Fractional_Odds\" title=\"How to Convert Decimal Odds to Fractional Odds\">How to Convert Decimal Odds to Fractional Odds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Moneyline_Odds_American_Odds_to_Decimal_Odds\" title=\"How to Convert Moneyline Odds (American Odds) to Decimal Odds\">How to Convert Moneyline Odds (American Odds) to Decimal Odds<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Negative_American_Odds_to_Decimal_Odds\" title=\"How to Convert Negative American Odds to Decimal Odds\">How to Convert Negative American Odds to Decimal Odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Positive_American_Odds_to_Decimal_Odds\" title=\"How to Convert Positive American Odds to Decimal Odds\">How to Convert Positive American Odds to Decimal Odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_American_Odds_to_Implied_Probability\" title=\"How to Convert American Odds to Implied Probability\">How to Convert American Odds to Implied Probability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Negative_American_Odds_to_Implied_Probability\" title=\"How to Convert Negative American Odds to Implied Probability\">How to Convert Negative American Odds to Implied Probability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Positive_American_Odds_to_Implied_Probability\" title=\"How to Convert Positive American Odds to Implied Probability\">How to Convert Positive American Odds to Implied Probability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_Decimal_Odds_to_American_Odds\" title=\"How to Convert Decimal Odds to American Odds\">How to Convert Decimal Odds to American Odds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_to_Convert_American_Odds_to_Profit\" title=\"How to Convert American Odds to Profit\">How to Convert American Odds to Profit<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#To_Sum_Up%E2%80%A6\" title=\"To Sum Up\u2026\">To Sum Up\u2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#FAQ\" title=\"FAQ\">FAQ<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_do_you_convert_betting_odds\" title=\"How do you convert betting odds?\">How do you convert betting odds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_are_betting_odds_calculated\" title=\"How are betting odds calculated?\">How are betting odds calculated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-convert-betting-odds\/#How_do_betting_odds_work\" title=\"How do betting odds work?\">How do betting odds work?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Convert_Odds\"><\/span>How to Convert Odds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>By default, Parimatch website and application use decimal odds. This is because decimal odds are the easiest to understand.\u00a0However, not every sports betting platform is the same. Some offer more complex betting odds systems such as fractional odds or moneyline odds (often known as American odds).<\/p>\n<p>Just like decimal odds, fractional odds and moneyline odds enable bettors to determine the probability of a bet paying off and the possible profit from a win on that bet. However, where decimal betting odds can be easily converted to implied probability and potential winnings, moneyline odds and fractional odds are a little tougher to understand.<\/p>\n<p>Thankfully, Parimatch\u2019s expert gambling team is here to give you a breakdown on how to convert decimal odds to fractional odds, and how to convert decimal odds to American odds. This guide will also teach you how to convert betting odds to probability, no matter what format the odds are presented in.<\/p>\n<p>The key principle that you need to understand when converting odds is that it is a three-step process:<\/p>\n<ol>\n<li>Know the format of the odds you are converting \u2014 <a href=\"\/blog\/en\/how-to-read-and-calculate-sports-betting-odds\">decimal, fractional, American<\/a><\/li>\n<li>Convert betting odds to implied probability<\/li>\n<li>Convert implied probability to your chosen betting odds format<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Convert_Fractional_Odds_to_Decimal_Odds\"><\/span>How to Convert Fractional Odds to Decimal Odds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Fractional odds are most often used with British bookmakers and online betting sites.<\/p>\n<p>If you would like to understand fractional odds, it is simpler to convert them to decimal odds as decimal odds are a more easily readable format. You may also want to convert decimal odds to fractional odds to compare betting odds on other platforms.<\/p>\n<p>We are proud to say Parimatch has the most competitive online betting odds in Africa. By converting decimal odds to fractional odds and vice versa, you can compare Parimatch\u2019s outstanding betting odds to those offered on other platforms.<\/p>\n<p>The first step to converting fractional odds to decimal odds is to make sure that you are using fractional odds! Fractional odds are represented as a fraction \u2014 hence the name. If you are wondering whether the odds you are working with are fractional odds, they should look something like &#8220;3\/1&#8221; or &#8220;5\/2&#8221; or &#8220;4\/1&#8221;. This is pronounced as &#8220;three to one&#8221; or &#8220;five to two&#8221; or &#8220;four to one&#8221;.<\/p>\n<p>If your odds are represented as two numbers with a slash in the middle, you are dealing with fractional odds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Fractional_Odds_to_Implied_Probability\"><\/span>How to Convert Fractional Odds to Implied Probability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The next step to convert fraction odds to decimal odds is to work out the implied probability.<\/p>\n<p>Not only will this help you to convert your odds to an easier-to-digest format, but understanding the implied probability will also help you to determine the likelihood of an outcome occurring.<\/p>\n<p>To do this, you need to understand how a fraction works. The numerator is the first number before the slash, while the denominator is the second number after the slash.<\/p>\n<p>To work out implied probability, you need to:<\/p>\n<ol>\n<li>Add the numerator to the denominator<\/li>\n<li>Divide the denominator by this number (numerator + denominator)<\/li>\n<li>Multiply the answer by 100 to give you the implied probability in a percentage<\/li>\n<\/ol>\n<p>For example, if the odds are 5\/2:<\/p>\n<ol>\n<li>5+2 = 7<\/li>\n<li>2\/7 = 0.286<\/li>\n<li>0.286 x 100 = 28.6%<\/li>\n<\/ol>\n<p>This means that fractional odds of 5\/2 have an implied probability of 28.6%.<\/p>\n<div class=\"btn-box\"><a href=\"https:\/\/parimatch.onelink.me\/lTl0\/TZ?utm_source=tz_blog&amp;utm_medium=app_download&amp;utm_campaign=how-to-convert-betting-odds\" class=\"article__button button button_article\" style=\"\" target=\"_self\">Download Parimatch app to bet on the go<\/a><\/div>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Implied_Probability_to_Decimal_Odds\"><\/span>How to Convert Implied Probability to Decimal Odds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Now you have your implied probability of your 5\/2 bet, you want to convert this to decimal betting odds. This makes it easy to compare bets to those on the Parimatch platform, where all bettings odds are expressed as decimal odds.<\/p>\n<p>Let\u2019s use the same example as above where you have betting odds of 5\/2. Fractional betting odds of 5\/2 mean that you have an implied probability of 28.6%. To determine the decimal betting odds, you need to work backwards to what you did above.<\/p>\n<p>When working the implied probability from decimal odds, you divide 100 by the decimal odds. In this circumstance, to convert your probability to decimal odds, you simply divide 100 by the implied probability.<\/p>\n<p>In this case, 5\/2 betting odds give an implied probability of 28.6%. Divide 100 by 28.6, giving you decimal odds of 3.50 (rounded up).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Fractional_Odds_to_Profit\"><\/span>How to Convert Fractional Odds to Profit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When converting fractional odds to profit, the numbers refer to how much profit you will get per unit that you bet. For example, &#8220;3\/1&#8221; or three to one means that you will get three back for every one you bet. If you bet 100 TZS, you\u2019ll get 300 TZS in profit plus your original 100 TZS stake.<\/p>\n<p>Now imagine that you are putting a 10,000 TZS bet on 5\/2 odds. This would mean that for every 2 units you bet, you get 5 units in profit, plus your stake.<\/p>\n<p>To calculate this profit, first, you would divide your stake by the denominator \u2014 in this case two. Next, you multiply this number by the numerator.<\/p>\n<p>So on a 10,000 TZS bet with fractional betting odds of 5\/2, you would divide 10,000 by 2, giving you 5,000. Now, multiply 5000 by the numerator \u2014 in this case 5 \u2014 giving you 25,000 TZS profit. If you were to win this bet, you would receive 25,000 TZS profit plus your original 10,000 TZS stake.<\/p>\n<p>Let\u2019s compare it to the decimal calculation just to check. As you know, 5\/2 fractional odds equal 3.50 decimal odds. So, multiply your 10,000 TZS stake by 3.50, giving you 35,000 TZS return. Minus your 10,000 TZS original stake, to give you a profit of 25,000 TZS.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Decimal_Odds_to_Fractional_Odds\"><\/span>How to Convert Decimal Odds to Fractional Odds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Sometimes you may want to do the calculation the other way. For example, you may want to compare decimal odds on the Parimatch platform to odds you see on another betting site which uses fractional odds.<\/p>\n<p>This calculation is a little more tricky and requires a little mathematical prowess. You won\u2019t need a calculator to do this conversion, it\u2019s just a little harder.<\/p>\n<p>First, you need to take your decimal odds. Let\u2019s use 3.50 again so you know what you should end up with.<\/p>\n<p>You need a whole number (so no decimal places) to work out fractional odds so you need to keep adding the decimal odds to itself until it\u2019s a whole number.<\/p>\n<p>In this case, 3.50 + 3.50 = 7.00<\/p>\n<p>7.00 is a whole number so you can use this.<\/p>\n<p>As you needed to add 3.50 together twice, 2 becomes the denominator.<\/p>\n<p>To work out the numerator, you need to minus 2 from 7.00.<\/p>\n<p>7.00 &#8211; 2 = 5. 5 is the numerator.<\/p>\n<p>As noted above, the numerator is the first number and the denominator the second number, making the fractional odds 5\/2.<\/p>\n<p>Let\u2019s illustrate it with a real-world example. Check out this soccer match between Iceland and England.<\/p>\n<p><a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=how-to-convert-betting-odds\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1157 aligncenter\" src=\"https:\/\/parimatch.co.tz\/blog\/wp-content\/uploads\/Iceland-vs-England.jpg\" alt=\"Iceland vs England football betting on Parimatch\" width=\"720\" height=\"280\" \/><\/a><\/p>\n<p>The decimal odds of Iceland winning are 5.20. First, find the whole number.<\/p>\n<p>5.20 x 2 = 10.40<br \/>\n5.20 x 3 = 15.60<br \/>\n5.20 x 4 = 20.80<br \/>\n5.20 x 5 = 26.00<\/p>\n<p>Now, deduct the number of times you multiplied the decimal odds from the sum:<\/p>\n<p>26.00 &#8211; 5 = 21.00<\/p>\n<p>The fractional odds are 21\/5.<\/p>\n<p>For every 5 units you bet, you get 21 units in profit. So on a winning 10,000 TZS bet, you\u2019d get 42,000 TZS in profit, plus your 10,000 TZS stake.<\/p>\n<p>To check it is correct, add your stake to your profit, giving you 52,000 TZS. Now divide that amount (your returns) by your stake (10,000 TZS), which will give you decimal odds of 5.20.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Convert_Moneyline_Odds_American_Odds_to_Decimal_Odds\"><\/span>How to Convert Moneyline Odds (American Odds) to Decimal Odds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Moneyline odds are most often used with US-based bookmakers and online betting sites. That\u2019s why you will often see moneyline odds referred to as &#8220;American odds&#8221;.<\/p>\n<p>If you want to convert moneyline odds to decimal odds to more easily compare them to the competitive odds on the Parimatch platform, you\u2019ll first need to first ensure that you are actually working with moneyline odds.<\/p>\n<p>Moneyline odds are a little complex. They look like this: -200 or +300. The initial thing to understand is what the + and &#8211; mean.<\/p>\n<p>The minus sign will always accompany the favourite. This minus shows how much money you must pay to win $100. For example, odds of -300 mean you need a $300 stake to win $100 profit.<\/p>\n<p>The plus sign always accompanies the underdog. The plus sign indicates how much money you will win when you stake $100. So American odds of +300 would mean that you would win $300 for every $100 staked.<\/p>\n<p>This system is baffling. The confusion is the main reason that people convert American odds to decimal odds.<\/p>\n<p>Luckily, the maths of conversion is pretty simple.<\/p>\n<div class=\"btn-box\"><a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=how-to-convert-betting-odds\" class=\"article__button button button_article\" style=\"\" target=\"_self\">Sigh Up with Parimatch<\/a><\/div>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Negative_American_Odds_to_Decimal_Odds\"><\/span>How to Convert Negative American Odds to Decimal Odds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you are trying to determine the decimal odds of a favourite in a match, you will be trying to convert negative moneyline odds to decimal odds.<\/p>\n<p>To do this, take off the minus sign first. Now you divide 100 by the American odds and add 1.<\/p>\n<p>So -300 American odds would be:<\/p>\n<p>(100\/300) + 1 = 1.33<\/p>\n<p>It\u2019s that easy!<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Positive_American_Odds_to_Decimal_Odds\"><\/span>How to Convert Positive American Odds to Decimal Odds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you are trying to calculate the decimal odds for an underdog in a match, you will be attempting to convert positive American odds to decimal odds.<\/p>\n<p>This is just as simple. Again, you need to first remove the plus sign. Now divide the American odds by 100 and then add 1.<\/p>\n<p>So +300 American odds would be:<\/p>\n<p>(300\/100) + 1 = 4.00<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_American_Odds_to_Implied_Probability\"><\/span>How to Convert American Odds to Implied Probability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you would like to work out your chances of winning a bet from American odds, you can work out the implied probability. While it is possible to convert your odds to decimal odds to calculate the implied probability, you can work it out directly from the American odds.<\/p>\n<p>Again, the calculation is a little different for positive and negative odds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Negative_American_Odds_to_Implied_Probability\"><\/span>How to Convert Negative American Odds to Implied Probability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you would like to determine the implied probability of a favourite winning a game, here is the calculation.<\/p>\n<p>Imagine that the moneyline odds for the favourite are -250. To work out the implied probability, you first take off the minus sign. Then, add 100 to the American odds. Next divide the American odds by the sum of the odds plus 100. Next multiply the whole figue by 100 to give the implied probability as a percentage.<\/p>\n<p><strong>The formula:<\/strong><br \/>\nImplied probability = [Negative American odds\/(Negative American Odds + 100)]x 100%<\/p>\n<p>So, for -250 odds:<br \/>\n[250\/(250+100)]x 100 = 71.4%<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Positive_American_Odds_to_Implied_Probability\"><\/span>How to Convert Positive American Odds to Implied Probability<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To work out the implied probability on an underdog from American odds, here is the calculation.<\/p>\n<p>First remove the plus sign. Next, add the moneyline odds to 100. Now divide 100 by the moneyline odds plus 100. Then multiply the whole figure by 100%.<\/p>\n<p><strong>The formula:<\/strong><br \/>\nImplied Probability = [100 \/ (positive moneyline odds + 100)]x 100%<\/p>\n<p>So if you had moneyline odds of +250:<br \/>\n[100 \/ (250 + 100)] x 100 = 28.6%<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_Decimal_Odds_to_American_Odds\"><\/span>How to Convert Decimal Odds to American Odds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When you want to convert odds to moneyline odds, you have to first determine whether the decimal odds you are using are going to be plus or minus odds.<\/p>\n<p>This is simple to work out. Decimals of 2.00 or higher are positive moneyline odds, whereas decimals below 2.00 are negative moneyline odds.<\/p>\n<p>If your decimal odds are 2.00 or above, here is the calculation:<\/p>\n<p>(Decimal odds &#8211; 1) x 100 = positive moneyline odds<\/p>\n<p>So if your decimal odds are 3.50:<\/p>\n<p>(3.50 &#8211; 1) x 100 = +250<\/p>\n<p>If your decimal odds are below 2.00, you are converting to negative moneyline odds. Here is the calculation:<\/p>\n<p>(-100) \/ (decimal -1) = negative moneyline odds<\/p>\n<p>So if your decimal odds are 1.75:<\/p>\n<p>(-100) \/ (1.75 -1) = -133<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_to_Convert_American_Odds_to_Profit\"><\/span>How to Convert American Odds to Profit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>American minus odds are the odds used for the favourite. These represent odds under 2.00. With American minus odds, the odds show you how much you need to bet to make $100 profit. For example, -200 would mean you need to bet $200 to make $100 profit.<\/p>\n<p>To calculate your profit, therefore, you need to take off the minus sign, then divide your stake by the odds, and multiply it by 100.<\/p>\n<p>(Stake\/Odds) x 100 = Profit<\/p>\n<p>So on -200 odds with a 10,000 TZS stake:<\/p>\n<p>(10,000\/200) x 100 = 5000 TZS profit<\/p>\n<p>American plus odds are used to show the underdog and represent odds of 2.00 or over. American plus odds show how much profit you will make for every $100 you stake. So odds of +200 would mean you would make a profit of $200 on a $100 bet.<\/p>\n<p>To calculate profit on American plus odds, you take off the plus sign, multiply your stake by the odds, and then divide it by 100.<\/p>\n<p>(Stake x Odds) \/ 100 = Profit<\/p>\n<p>So on +200 odds with a 10,000 TZS stake:<\/p>\n<p>(10,000 x 200) \/ 100 = 20,000 TZS profit<\/p>\n<h2><span class=\"ez-toc-section\" id=\"To_Sum_Up%E2%80%A6\"><\/span>To Sum Up\u2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For those looking to take advantage of excellent betting odds, sign up to the <a href=\"https:\/\/parimatch.onelink.me\/lTl0\/TZ?utm_source=tz_blog&amp;utm_medium=app_download&amp;utm_campaign=how-to-convert-betting-odds\">Parimatch sports betting app<\/a> today. Not only does it display the easy-to-understand decimal odds, the app also lets you switch to other odds formats in a matter of clicks.<\/p>\n<p>And regardless of the format, Parimatch has the widest array of sporting events in Africa, great <a href=\"\/blog\/en\/why-is-sports-betting-customer-support-important\/\">customer service<\/a>, as well as excellent odds that blow other betting sites out of the water.<\/p>\n<div class=\"btn-box\"><a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=how-to-convert-betting-odds\" class=\"article__button button button_article\" style=\"\" target=\"_self\">Bet with Parimatch<\/a><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQ\"><\/span>FAQ<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"How_do_you_convert_betting_odds\"><\/span>How do you convert betting odds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To convert the betting odds, all you do is change the implied probability into your chosen betting odd format. Parimatch allows you to use a choice of three formats, i.e. decimal, fractional, and American style.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_are_betting_odds_calculated\"><\/span>How are betting odds calculated?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To calculate betting odds, simply divide 100 by the implied probability value. Here\u2019s how you convert implied probability to decimal odds &#8211; for example, if you have fractional betting odds of 5\/2, you will have an implied probability of 28.6%. To convert this number to decimal odds, simply divide 100 by the probability to give you around 3.5 which is your decimal odds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_betting_odds_work\"><\/span>How do betting odds work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Betting odds are useful in showing how you can win. Betting odds indicate how risky a bet is and how likely it is to pay off.\u00a0 Typically, labeled with a plus(+) or minus(-) in front of the value, the value indicates how much you need to wager to win.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decimal, American and fractional \u2014 learn how odds formats are related<\/p>\n","protected":false},"author":1,"featured_media":1376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Convert Odds - Parimatch Betting<\/title>\n<meta name=\"description\" content=\"It&#039;s easy to see how decimal, American and fractional odds are connected! 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