# Odds Converter

Use this calculator to convert between decimal, fractional, moneyline odds and to see the actual probability of the outcome occurring expressed as a percentage.

Decimal Odds
-
Fractional Odds
- / -
Money Line
-
Probability
-

Decimal odds are used by all bookmakers in Australia.

Decimals odds show the potential return should the bet win, relative to the stake. For example if \$10 is bet at odds of 3 the total returned is \$30 (\$10 * 3) the potential profit is \$200 (\$10 * 3 minus the \$10 stake).

Many sites in the UK will display odds as Fractions.

Fractional odds show the potential profit should the bet win, relative to the amount stakes. For example, if \$10 is bet at odds of 2/1 the potential profit is £20 (\$10 * 2) and the total returned is \$30 (£10 plus the £5 stake).

American sites tend to use Money line odds.

• Positive figures: The odds state the winnings on a \$100 bet e.g. moneyline odds of 120 would win \$120 on a \$100 bet.
• Negative figures: The odds state how much must be bet to win \$100 profit e.g. american odds of -300 would profit \$100 on a \$300 bet.

Implied Probability is also useful when evaluating a bet or checking how likely an outcome is.

Odds correlate to probability e.g a  bet at odds of 4.0 is expected to win one in every 4 attempts, hence the probability is 25%.