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We hope you enjoyed this article on converting odds, and wish you the best of luck this sports betting season. American Odds Also known as moneylines, are offered as either a positive or negative number. European Odds Also known as decimal odds, represent how much a winning ticket is worth for each dollar staked. Implied Probability Is how often a bet must win for it to have neutral value.
After plugging the odds into our odds converted I find: To remove juice we divide each by Doing this we see: Converting American odds to European Odds The formula to convert American moneylines to European decimals odds depends if the moneyline is expressed using a positive or negative number. Positive Numbers To convert a positive moneyline to European decimal odds take the moneyline, divide it by and then add 1. Negative Numbers To convert a negative moneyline to European decimal odds take divide it by the moneyline without using the negative sign and then add one.
Converting European Odds to American Odds The formula to convert European odds decimals to American moneyline format depends if the odds are 2.