Decimal Odds To Fractional Odds
Fractional odds, also known as UK Odds are most often used in the United Kingdom and Ireland. Originally used in horse racing, fractional odds are one of the oldest forms of odds for sports gamblers. If you were to walk down London’s high street of bookmakers, you would see fractional odds adorning the walls of some the largest bookies in the world.
Using this converter is easy. Simply enter the fractional odds into the box that states Fractional Odds. Fractional odds look like 2-1 0r 13/5. Press convert and the. 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.
The most common odds format for European bookmakers is decimal, where a price such as 4.00 represents the equivalent of the 3/1 fractional price. In decimal prices, the returned stake in a successful bet is included the odds. Decimal to American Odds / Moneyline Odds Converter. The main difference being decimal odds consider your original stakebeing returned, whereas fractional odds are a display of your profit. Decimal odds of course, are just a simple multiplier to your original stake. If an event at odds of $5.00 wins, you will receive back 5x your stake. Similar to the Fractional and Decimal odds, the Hong Kong odds or shortly HK, are very simple to understand and easy to use. The most important thing to remember is that the evens with Hong Kong odds are presented as 1.00. Odds higher than 1.00 are known as “odds on” and those with lower than 1.00 (0.60 for example) are known as “odds.
Fractional odds are extremely simple to calculate because well, they are given in fraction form. The denominator or 2nd number to the right is the amount bet and the numerator or 1st number on the left is the amount that your wager will yield. Let’s say you wager on Liverpool at 10 to 15 fractional odds. For every $150 wagered, your potential net profit would be $100. If you win, your original stake will also be returned to you, leaving you with $250 ($150 original wager + $100 profit) and a net of result of plus $100.
Liverpool 10/15: $150 to win $100 = $250
Let’s look at wagering on an underdog or high odds bet, where the odds are more in your favor. Say you join a new betting site and are placing a wager Newcastle United, the underdog at five-to-one fractional odds, if you were to bet $100 your potential return would be $600, a $500 profit and your original bet of $100 would be returned to you.
Us Odds To Decimal
Newcastle United: 5/1: $100 to win $500 = $600
If you are wagering on an event where there is a definitive favorite and underdog, the odds of the favorite is often referred to as the “odds on” and the odds of the underdog as the “odds against.” If a bet is even money, the odds are not one-to-one due to the bookmaker’s juice or commission. In most cases, the odds will be 10 to 11, where the bettor risks $110 to win $100.
Fractional odds can also be attached to a point spread:
New York Giants -7 10/11
Philadelphia Eagles +7 10/11
The juice or commission on each bet here is fractional odds of 10 to 11, so you would need to wager 110 to win 100.
Converting Fractional Odds to Decimal Odds:
An easy way to convert fractional odds to decimal odds is to convert the fraction into decimal form and then add a 1. For example, 5/1 or five-to-one fractional odds would be 6.00 in decimal odds.
5 / 1 = 5+1 = 6.00
Here is a conversion when you are wagering on a large favorite:
1 / 5 = 0.2+1 = 1.2
Conclusion
Understanding fractional odds is especially important to UK bettors, but even those not normally using these odds can benefit from understanding them. Used by the world’s largest bookmakers, there is no doubt fractional odds are one of the preferred odds for sports bettors across the world.
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Decimal Odds To American Odds Calculator
