Odds Converter
Easily convert odds in seconds.
Implied probability
40.00%
Payout per $100
$250.00
The implied probability is the win rate you need just to break even at this price. Beat it and the bet is +EV.
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Explore our productsFrequently asked questions
How do American odds work?+×
Positive odds show the profit on a $100 stake, so +150 pays $150 profit. Negative odds show the stake needed to win $100, so -110 means you risk $110 to win $100.
How do decimal odds work?+×
Decimal odds are the total payout per $1 staked, including your stake. Odds of 2.50 return $2.50 for every $1 bet, which is $1.50 in profit.
How do percentage odds work?+×
Percentage odds show the implied probability behind a price. For example, +150 or 2.50 implies a 40% chance to break even.
What is implied probability?+×
It is the win rate the odds imply, calculated as 1 divided by the decimal odds. Compare it to your own estimate of the true probability to spot value.