1. What is American Betting Odds?

American odds (moneyline odds) are primarily used in the United States. They can be positive (underdog) or negative (favorite), indicating how much you need to bet to win $100 or how much you'd win from a $100 bet.

2. How Does the Conversion Work?

The calculator uses these formulas:

Where:

• Positive American odds (+): (Odds / 100) + 1
• Negative American odds (-): (-100 / Odds) + 1

Example: +200 becomes 3.0, -150 becomes 1.667

3. Importance of Odds Conversion

Details: Converting between odds formats helps compare betting values across different systems and calculate potential payouts more easily.

4. Using the Calculator

Tips: Enter the American odds (positive or negative whole number). The calculator will automatically determine the correct conversion formula to use.

5. Frequently Asked Questions (FAQ)

Q1: What do positive American odds mean?
A: Positive odds show how much profit you'd make on a $100 bet. +300 means you'd win $300 on a $100 bet.

Q2: What do negative American odds mean?
A: Negative odds show how much you need to bet to win $100. -150 means you'd need to bet $150 to win $100.

Q3: Why convert to decimal odds?
A: Decimal odds are simpler for calculations, especially when combining multiple bets or calculating implied probability.

Q4: What's the difference between decimal and fractional odds?
A: Decimal odds represent total return (stake + profit), while fractional odds (UK style) show profit relative to stake.

Q5: How do I calculate implied probability from decimal odds?
A: Implied probability = 1 / decimal odds. For 2.0 odds, it's 1/2 = 50% probability.