While most gamblers are interested in converting odds to probability in order to discover the probability % based on the decimal odds offered by the bookies, there are also many gamblers who need a probability to odds calculator.
Decimal Odds
For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter. For an explanation of the odds types on this table see decimal, fractional and American odds. Fractional odds of 4/5 are therefore equivalent to American odds of -125 and decimal odds of 1.80. If the fraction is smaller than 1, it is known as odds-on. Calculator users will notice that. American Odds = (Decimal Odds – 1).100. Decimal odds of 2.35 would be (2.35 – 1).100 = +135. While the '+' is not necessary it is considered proper notation when discussing American odds. The formula changes when dealing with decimal odds of 1.99 or lower. Now we will subtract 1 from the decimal value and use that to divide -100.
The MOG Probability To Odds Calculator can be useful when you analyze the winning probability % of different events and you want to convert those findings (probabilities) to actual decimal odds.
Example:Let's say you analyze the winning chances of a football team in the next game. After your estimations and calculations are done, you end up with an approximate winning probability of 75%.
In order to understand what this percentage means from a betting perspective, your next goal is now to convert the probability % to decimal odds.
Using our calculator, you can easily find out that 75% converts to 1.33 odds.
Now, you can use this information to discover and compare the odds given by bookmakers with the probability/odds calculated by yourself. Isn't this fun?
There's also the possibility that you're just curious to find out how much a random chance (probability %) for a team/player to win a game means when converted to decimal odds. At the end of the day, you know better what you need this for, so we're happy that we can help. 🙂
Good luck and don't forget to gamble responsibly! 🔞
Decimal Odds To Implied Probability
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While most gamblers are interested in converting odds to probability in order to discover the probability % based on the decimal odds offered by the bookies, there are also many gamblers who need a probability to odds calculator.
Decimal Odds
For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter. For an explanation of the odds types on this table see decimal, fractional and American odds. Fractional odds of 4/5 are therefore equivalent to American odds of -125 and decimal odds of 1.80. If the fraction is smaller than 1, it is known as odds-on. Calculator users will notice that. American Odds = (Decimal Odds – 1).100. Decimal odds of 2.35 would be (2.35 – 1).100 = +135. While the '+' is not necessary it is considered proper notation when discussing American odds. The formula changes when dealing with decimal odds of 1.99 or lower. Now we will subtract 1 from the decimal value and use that to divide -100.
The MOG Probability To Odds Calculator can be useful when you analyze the winning probability % of different events and you want to convert those findings (probabilities) to actual decimal odds.
Example:Let's say you analyze the winning chances of a football team in the next game. After your estimations and calculations are done, you end up with an approximate winning probability of 75%.
In order to understand what this percentage means from a betting perspective, your next goal is now to convert the probability % to decimal odds.
Using our calculator, you can easily find out that 75% converts to 1.33 odds.
Now, you can use this information to discover and compare the odds given by bookmakers with the probability/odds calculated by yourself. Isn't this fun?
There's also the possibility that you're just curious to find out how much a random chance (probability %) for a team/player to win a game means when converted to decimal odds. At the end of the day, you know better what you need this for, so we're happy that we can help. 🙂
Good luck and don't forget to gamble responsibly! 🔞
Decimal Odds To Implied Probability
Relevant articles
Follow MastersofGambling on social media
The MastersofGambling can also be found on social media! You can help us grow 👉…
read more +SuperCat Casino No Deposit Bonus
We're glad to inform you that you can now grab an exclusive and increased SuperCat…
read more +LSbet Bonus
LSbet is not a new name in the industry, so the experience helped to create…
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If you were thinking something like 'Man, I'd be so happy if I'd get some…
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