Convert Betting Odds To Probability
2021年4月16日Register here: http://gg.gg/p2ej9
Sorry, but there’s a bit of math involved when it comes to calculating sports betting value.(Photo credit: DonkeyHotey / Foter / CC BY)
*Odds Converter - Convert Betting Odds
*Converting Odds Ratio To Probability
*On Which Sports Can I Use Odds Conversion?Odds Conversion Applies To All Sports And Markets.
The odds converter tool in this page will convert odds from any of the three main formats into the other formats. It will also calculate the relevant implied probability too. To use it, simply enter the odds you wish to convert in the appropriate box, and then click the “Convert Odds” button. In order to get the implied probability, for the positive odds 100 has to be divided by (the odds added with 100) and at last multiplied by 100, while for the negative odds, after converting the negative odds into positive, the odds are divided by the (odds added with 100) and later multiplied with 100.
Being able to convert betting odds into percentages is a major part of knowing how to read odds.
By knowing the percentage of the time you need to win a bet to break even, you can decide whether it is a smart bet to make. If you believe something has an 80% chance of occurring but the odds suggest it has a 50% chance of occurring, you have a positive expectation wager. If you believe something has an 80% chance of occurring but the odds suggest it has an 85% chance of occurring, it’s a bad bet to make because you have no edge.
Below are the formulas to convert moneyline betting odds to percentages, convert fraction betting odds to percentages, and convert decimal betting odds to percentages.How to convert moneyline betting odds
Moneylines can come in ‘plus’ (favourites) and ‘minus’ (underdogs) formats, so there are two different formulas to convert moneylines into percentages.
For ‘plus’ moneylines, the formula is: 100 / (Moneyline + 100)
If the moneyline is +110, the formula would look like this:
100 / (110+100) = 100/210 = 0.476
Multiply your end result (0.476) by 100 to get the percentage: 47.6%
For ‘minus’ moneylines, the formula is: Moneyline / -(100 – (Moneyline))
If the moneyline is -130, the equation would look like this:
-130/ – (-130 -(-100)) = -130 / -230 = 130/230 = 0.565
Multiply your end result (0.565) by 100 to get the percentage: 56.5%How to convert fraction betting oddsOdds Converter - Convert Betting Odds
Fraction betting odds are easier to convert into an implied winning percentage.
For fraction betting odds, the formula is: Denominator / (Denominator + Numerator)Converting Odds Ratio To Probability
If the fraction betting odds are 11/10, the formula would look like this:
10 / (11+10) = 10 / 21 = 0.4761904
Multiply your end result (0.4761904) by 100 to get the percentage: 47.6%.How to convert decimal betting odds
Decimal odds are the easiest to convert into a percentage.
For decimal betting odds, the formula is: 1 / decimal odds
If the decimal betting odds are 2.10, the equation would look like this:1 / 2.10 = 0.4761904On Which Sports Can I Use Odds Conversion?Odds Conversion Applies To All Sports And Markets.
Multiple your end result (0.4761904) by 100 to get the percentage: 47.6%.
Register here: http://gg.gg/p2ej9
https://diarynote-jp.indered.space
Sorry, but there’s a bit of math involved when it comes to calculating sports betting value.(Photo credit: DonkeyHotey / Foter / CC BY)
*Odds Converter - Convert Betting Odds
*Converting Odds Ratio To Probability
*On Which Sports Can I Use Odds Conversion?Odds Conversion Applies To All Sports And Markets.
The odds converter tool in this page will convert odds from any of the three main formats into the other formats. It will also calculate the relevant implied probability too. To use it, simply enter the odds you wish to convert in the appropriate box, and then click the “Convert Odds” button. In order to get the implied probability, for the positive odds 100 has to be divided by (the odds added with 100) and at last multiplied by 100, while for the negative odds, after converting the negative odds into positive, the odds are divided by the (odds added with 100) and later multiplied with 100.
Being able to convert betting odds into percentages is a major part of knowing how to read odds.
By knowing the percentage of the time you need to win a bet to break even, you can decide whether it is a smart bet to make. If you believe something has an 80% chance of occurring but the odds suggest it has a 50% chance of occurring, you have a positive expectation wager. If you believe something has an 80% chance of occurring but the odds suggest it has an 85% chance of occurring, it’s a bad bet to make because you have no edge.
Below are the formulas to convert moneyline betting odds to percentages, convert fraction betting odds to percentages, and convert decimal betting odds to percentages.How to convert moneyline betting odds
Moneylines can come in ‘plus’ (favourites) and ‘minus’ (underdogs) formats, so there are two different formulas to convert moneylines into percentages.
For ‘plus’ moneylines, the formula is: 100 / (Moneyline + 100)
If the moneyline is +110, the formula would look like this:
100 / (110+100) = 100/210 = 0.476
Multiply your end result (0.476) by 100 to get the percentage: 47.6%
For ‘minus’ moneylines, the formula is: Moneyline / -(100 – (Moneyline))
If the moneyline is -130, the equation would look like this:
-130/ – (-130 -(-100)) = -130 / -230 = 130/230 = 0.565
Multiply your end result (0.565) by 100 to get the percentage: 56.5%How to convert fraction betting oddsOdds Converter - Convert Betting Odds
Fraction betting odds are easier to convert into an implied winning percentage.
For fraction betting odds, the formula is: Denominator / (Denominator + Numerator)Converting Odds Ratio To Probability
If the fraction betting odds are 11/10, the formula would look like this:
10 / (11+10) = 10 / 21 = 0.4761904
Multiply your end result (0.4761904) by 100 to get the percentage: 47.6%.How to convert decimal betting odds
Decimal odds are the easiest to convert into a percentage.
For decimal betting odds, the formula is: 1 / decimal odds
If the decimal betting odds are 2.10, the equation would look like this:1 / 2.10 = 0.4761904On Which Sports Can I Use Odds Conversion?Odds Conversion Applies To All Sports And Markets.
Multiple your end result (0.4761904) by 100 to get the percentage: 47.6%.
Register here: http://gg.gg/p2ej9
https://diarynote-jp.indered.space
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