#Convert odds to percentage how to
#Convert odds to percentage plus

Each of the three odds can be converted into implied probability to help bettors evaluate betting value. Implied probability represents the expected probability a bet has to win.

#Convert odds to percentage plus

The potential profit is $100 and the total returned is $320 ($100 winning plus $220 stake). Negative figures: The odds state how much you have to bet to win $100 profit.įor example, if you see an odd of -220, you will have to bet $220 to win $100. Positive figures: The odds state how much you will win if you bet $100.įor example, if you bet $100 on an odd of +310, the potential profit would be $310 and the total returned would be $410 ($310 plus the $100 stake). Represent underdogs and negative odds represent favorites. It is important to pay attention to the + or - sign in front of the odds. They represent how much you will win (potential profit).įor example, if you bet $10 at an odds of 3/2 the potential profit is $15 ($10 * 3/2) and the total returned is $25 ($15 plus the $10 stake).ĭecimal represents how much money will be returned to you, including your stake (total returned).įor example, if you bet $10 at an odds of 3.5 the total returned is $35 ($10 * 3.5), but the potential profit is $25 ($10 * 3.5 minus the $10 stake).Īmerican odds are a whole different ball game. Generally, you want to place a bet if you believe the actual odds of an event occurring are greater than what the sportsbook believes.įractional odds are primarily used in the UK and Ireland. There's this example: Odds for the home team victory: 2.50 Odds for the draw:3.25 Odds for the away team victory: 3.

#Convert odds to percentage how to

It is the probability implied by the odds that the sportsbook believes an event will occur. I am wondering how to convert sport odds to the percentage format. Implied probability is also an important stat for evaluating a bet. This implied probability equates to the probability with which.

These next question are the ones I am having trouble doing and.

The odds of developing SLE in women who smoke is 1.9 times higher than those who do not smoke. Sportsbooks use 3 methods for stating odds: Fractional, Decimal, and American For example, +200 implies a probability of 33.33, whereas -500 implies a probability of 83.33. The odds ratio for women without SLE who are exposed to smoking: b / d 92 / 381 0.241.