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How to Read Betting Odds: Decimal, Fractional and American

The same price can be written three different ways. Once you know how to convert them, you can see the probability behind any odds in seconds.

Decimal odds

Decimal odds show your total return per unit staked, stake included. At 2.50, a €10 bet returns €25: €15 profit plus your €10 back.

Fractional odds

Fractional odds show profit relative to the stake. 3/2 means €3 profit for every €2 staked, which is 2.50 in decimal. To convert, divide and add 1: 3 ÷ 2 + 1 = 2.50.

American odds

Positive odds show the profit on a 100 stake: +150 wins 150, which is 2.50 in decimal. Negative odds show how much you must stake to win 100: −200 means staking 200 to win 100, which is 1.50 in decimal.

Implied probability and margin

Divide 1 by the decimal odds: 2.50 implies 40%. Add up the implied probabilities of every outcome in a match and the total is always above 100%. That excess is the bookmaker's margin, and the lower it is, the better the prices for you.

Use the odds converter

FAQ

What do odds of 2.00 mean?

Even money: a €10 stake returns €20, and the implied probability is 50%.

How do I convert −125 to decimal?

For negative American odds: 1 + 100 ÷ 125 = 1.80.

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Strategy and maths reduce the house edge, but never remove it. 18+, play responsibly.