Gambling Odds Converter
A odds converter is a very helpful tool that can help you convert all the different types of odds that exist in the betting industry into an odds that you can understand. Most punters are used to simply using their regular odds format which includes US odds, decimal odds, fractional odds, Hong Kong odds, Indonesian odds and Malay odds. Betting with different bookies from across the globe will always give you access to the best odds in each sport but will often be in different formats. Our odds converter will allow you to instantly convert American, Decimal and Fractional odds and receive an exact payout for the amount you wish to wager. Decimal Odds – Decimal Odds, also referred to as European Odds, are used in most European countries and are the default option of many Asian bookies as well. This is the easiest odds format to understand as the odds represent how much a 1 unit wager returns. For example a €1 wager at odds 1.91 returns €1.91.
By convention only a set of fractions are used in fractional odds betting markets. The set does not include exact mathematical equivalents to all possible decimal and American odds. We use the closet fraction that is used in betting markets.
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.
Gambling Odds Converter Calculator
For an explanation of the odds types on this table see decimal, fractional and American odds. To find out what the numbers really represent see understand odds as probability with overround.