Sports betting odds indicate the team's chance to win. There are three types of sports odds.

• 11 1 5 Decimal
• 1 Over 5 In Decimal

1. Moneyline or American odds (-110)
2. Fractional or UK odds (5/1)
3. Decimal or European odds (2.5)

A big advantage of using online bookmaker, besides betting on sports events taking place anywhere in the world, is the possibility to choose the betting odds you prefer, so you won't have to convert them manually. But still we will explain them all.

Decimal odds conversion to percentage. Decimal odds are a simple reflection of the return you will receive for each single unit placed. In other words, odds of 1.65 means that for every 1.00 you place on a particular outcome, you will receive a profit of 0.65 should that outcome prevail. Decimal odds are similar to fractional odds we’ll be covering below – they equal the decimal value of the fractional odds plus 1. Fractional Odds. Although they may look complicated to new punters, fractional (UK) odds are pretty simple to understand. They are displayed in a format of 1/5 or 5/1. A 1 in 500 chance of winning, or probability of winning, is entered into this calculator as '1 to 500 Odds are for winning'. You may also see odds reported simply as chance of winning as 500:1. This most likely means '500 to 1 Odds are against winning' which is exactly the same as '1 to 500 Odds are for winning.' Probability Formulas.

11 1 5 Decimal

American odds

1 Over 5 In Decimal

American odds work differently for the favorites and the underdogs. The odds for the favorite express how much money you need to risk to win $100. For example, if the odds are -170 you have to bet $170 to win $100 and collect a payout of $270. The American odds for the underdog show how much money you would win if you risk $100. If the odds are +400, you would win $400 for a $100 bet and receive a total payout of $500.

Fractional odds

Fractional (traditional, UK) odds are often used in horse racing. They show how much you would win, relative to the wager. For example, odds 1/5 show that you would win $20 on a $100 bet. The odds 10/1 express that you would win $1000 on a $100 bet (payout $1100).

Decimal odds

Decimal odds are widely used in Europe, Australia and Canada. They are the easiest to understand because you simply have to multiply the value of your bet with the decimal odds and you will get the total payout (bet+winnings). For example, if the decimal odds are 2.5 and you risk $100, you would receive $250 in total payout (2.5*$100).

Odds comparison

The table below shows you how percentage chance, American odds, fractional odds and decimal odds are expressed to mean the same thing.