Decimal Odds To Fractional Odds
Using an odds calculator may seem excessive to some beginners, but in reality, it’s commonplace for many online sportsbook users. A betting odds calculator allows users to input their stake & odds format they desire (American, Decimal, or Fractional) and quickly calculates the potential return of bets made. These odds types are outdated and sportsbooks that show one of these odds types will also have the option to displaying decimal odds instead. Fractional odds. Fractional odds are expressed as two numbers with a / in between like a fraction. Think of it as profit/stake. The first number is the amount you will profit if you stake the second number. With decimal odds your stake is automatically included in your returns and it makes for a far easier calculation. Decimal odds of 2.0 represents even money (1/1) and anything less than 2.0 is an. At the bottom of each page, just above the page footer, you find 'View odds as:' which enables you to toggle between 'Fractional' and 'Decimal' odds. Once set, the page will remember your preference the next time you enter the site. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
Decimal Odds To Fractional Odds Formula
The Two Types of Odds Formats
There are all kinds of explanations on the Internet about various odds types, and the majority of them distinguish between fractional, decimal, and moneyline odds.
Unfortunately, this is misleading and mathematically speaking, incorrect. 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. Both numbers are the same, only written using different formats.
Here are the two main types of odds, including their formulas…
(1) Single-tier – (Net) Return Odds:
Fractional and Hong Kong odds are actually exchangeable. The only difference is that the UK odds are presented as a fractional notation (e.g. 6/5) whilst the Hong Kong odds are decimal (e.g. 1.2). Both exhibit the net return.
The European odds also represent the potential winnings (net returns), but in addition they factor in the stake (e.g. 6/5 or 1.2 plus 1 = 2.2).
Decimal Odds To Fractional Odds Chart
(2) Two-tiered – Moneyline Odds: highlighting the amount of money risked, or the amount of money won:
Odds commonly referred to as ‘moneyline’ are mainly US bookmakers odds and also known as American odds. Moneyline means the money wagered either to win 100 units (e.g. -400), or money which will be won from a 100 units wager (e.g. +120).
However, both Indonesian and Malaysian odds, although displayed as decimals are, strictly speaking, ‘moneyline’ odds but their basis is 1 unit and not 100. Whilst the Indonesian odds closely resemble the American moneyline odds, Malaysian odds are a kind of “inverted” Indonesian style, combined with Hong Kong odds.
Although this may all sound pretty confusing, and the odds certainly look very different at first glance (see table below), just have a closer look at the above formulas – all odds are calculated using their net returns (formula for net return: 1/probability – 1) and change their formula at 50% probability (this is what is actually understood under by term ‘money-line’).
European, British, American, Malaysian, Indonesian, and Hong Kong Odds
BETTING ODDS CONVERSION TABLE
SINGLE-TIER – (Net) Return Odds
Fractional Odds (also known as Traditional or British/UK)
Fractional odds are favoured by bookmakers in the United Kingdom and Ireland.
Fractional odds quote the net return that will be paid out to the bettor, should he win, relative to his stake. Odds of 6/5 (“six-to-five”) imply that the bettor will cash £120 from a £100 stake. Should the punter win, he always receives his original stake back, plus the winnings.
So, if the odds are 6/5 and the stake is £100, then the total return is £220 (£120 winnings plus the original £100 stake).
Odds of 1/1 are known as ‘evens’ or ‘even money’. Not all fractional odds traditionally show the lowest common denominator. Perhaps most unusually, odds of 10/3 are read as “one-hundred-to-thirty”.
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