Free tool
Odds Converter
Type odds in any format and get the other two instantly, along with the implied probability behind the price.
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 fractional odds work?+×
Fractional odds show profit relative to stake. 3/2 means $3 profit for every $2 staked. They are the traditional format in the UK and in horse racing.
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.