Odds Converter
Convert American betting odds into decimal odds and implied probability instantly.
About This Calculator
This tool converts American odds into decimal odds and implied probability to help you quickly compare betting lines and understand potential returns.
How to Use
- Enter American odds (e.g. +150 or -120)
- View decimal odds instantly
- View implied probability (%)
What’s Next?
After converting odds formats, use the Bet Payout Calculator to estimate winnings and profit.
FAQ
What are American odds?
American odds show how much profit you can win on a $100 bet (positive odds) or how much you must wager to win $100 (negative odds).
How do you convert American odds to decimal odds?
Positive odds: divide by 100 and add 1.
Negative odds: divide 100 by the absolute value and add 1.
What is implied probability?
Implied probability converts betting odds into a percentage that represents the bookmaker’s estimated chance of an outcome.
Why use an odds converter?
An odds converter helps you quickly compare betting lines across sportsbooks and understand potential returns in different formats.
What does -110 mean in sports betting?
Odds of -110 mean you must wager $110 to win $100 in profit, resulting in a total return of $210. Negative American odds indicate how much you need to bet to earn $100 in profit. Understanding -110 odds can help bettors calculate break-even percentages and evaluate whether a wager offers value.
What does +150 mean in sports betting?
Odds of +150 mean a successful $100 bet would earn $150 in profit, resulting in a total return of $250. Positive American odds indicate the amount won on a $100 wager. Many bettors use odds converters to compare American, decimal, and fractional odds formats.
Are these odds calculations accurate?
Yes. The formulas used are standard sportsbook calculations for American, decimal, and implied probability conversions.