For instance, -160 odds would translate to 160/(160+100)*100, converting to 160/260*100, which yields a product of 61.54. The implied probability of -160 odds is a 61.54% chance of winning.
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In this case, the number represents the total amount of PROFIT that you would realize if you bet on the Lions and they won. So, in this case, you would realize a total profit of $160 if you bet $100 on the Lions at +160. Again - American, decimal and fractional odds all tell the same story, just expressed differently.
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Using the +120 odds, it shows us that a $100 bet on that outcome would pay out $120 in profits. Again this can easily be converted into smaller or larger size bets. A $10 bet on +120 odds would pay out $12 in profits. Examples: Below is an example of NFL betting odds taken from an online betting site.
Converting American odds into fractional odds is simpler. Divide the odds by 100, and then reduce it to its simplest form, e.g., 400/100 is the same as 4/1. To convert negative American odds into decimal odds, we’re going to tweak the equation. This time, we need to divide 100 by the odds, or moneyline, and then add 1.
On the other hand, a gambler backing Manchester United, who have odds of 1/5, will see a payout of just $1 for every $5 bet. That means a total payout of $6 for someone betting $5. Bournemouth 5/1. Manchester United 1/5. You Bet $20 on Bournemouth. You Win $100 (20 x 5=100) You also get your $20 bet back.
Betting Odds Converter. The betting odds calculator tool allows you to enter your odds in American, Decimal, or Fractional formats & translate them into the format you want.
Outside of the US, decimal odds are a popular way of displaying odds. Online sportsbooks like FanDuel Sportsbook often offer decimal odds as an option. Decimal odds give you how much money you win if you bet just a dollar. Let’s take a similar example to the one above. Rivers Sportsbook is offering 1.20 odds on the Pats to beat the Falcons ...