How to Convert Sports Betting Odds
The OddsJam odds converter makes it easy to switch between decimal odds, American odds, and fractional odds. Many bookmakers support all three odds formats. Of course, in the US, American odds are the most common. Click below to visit our affiliates at OddsJam!
The odds converter also calculates the breakeven win probability of a given odd, which can be very useful when evaluating a bet. For example, if you place a bet at +100 odds, then the breakeven win probability is 50%. You should only place this wager if you believe the “true” or “fair” probability of the wager winning is greater than 50%. On the other hand, if you place a bet at +900 odds, then the breakeven win probability is only 10%. You only need to win +900 wagers 1/10 times to breakeven. So if you evaluate a bet as having a 12.5% chance of winning, then this bet is mathematically profitable. The “true” odds are > 10%