Decimal Odds

1. Decimal Odds To Implied Probability
2. Decimal Odds Table
3. Decimal Odds Parlay Calculator

Decimal odds are the most common odds format in the modern era. Decimal odds are great because they are simple and let you do calculations easily. Think of it like the metric system, it is superior but some old timers and Americans stubbornly refuse to use it. The odds will be your payout for every unit you stake.

While most gamblers are interested in converting odds to probability in order to discover the probability % based on the decimal odds offered by the bookies, there are also many gamblers who need a probability to odds calculator.

• Decimal odds represent the amount a bettor wins for every $1 wagered. And the number represents the total return, not just the profit like American and fractional odds. The Packers would be 1.714 in decimal odds as a -140 favorite in American odds. For every $1 risked, you’re profiting 71.4 cents, plus your $1 back. The Vikings would be 2.2.
• Decimal odds are widely used around Europe and are the display format of choice for the betting exchanges around the world. They are also incorporated in Asian Handicap betting which is quickly becoming a popular way of gambling on football and other events, and, to many, decimal odds are the most straightforward representation of probabilities.

The MOG Probability To Odds Calculator can be useful when you analyze the winning probability % of different events and you want to convert those findings (probabilities) to actual decimal odds.

Let’s say you analyze the winning chances of a football team in the next game. After your estimations and calculations are done, you end up with an approximate winning probability of 75%.

Decimal Odds To Implied Probability

In order to understand what this percentage means from a betting perspective, your next goal is now to convert the probability % to decimal odds.

Using our calculator, you can easily find out that 75% converts to 1.33 odds.

Now, you can use this information to discover and compare the odds given by bookmakers with the probability/odds calculated by yourself. Isn’t this fun?

There’s also the possibility that you’re just curious to find out how much a random chance (probability %) for a team/player to win a game means when converted to decimal odds. At the end of the day, you know better what you need this for, so we’re happy that we can help. 🙂

Good luck and don’t forget to gamble responsibly! 🔞

Decimal Odds Table

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