You can also convert probability into odds in the calculator too. Just choose between the decimal or fractional odds input, plug in the numbers and away you go. You don’t have to break out the pencil and paper and start figuring things out, you can calculate probability from odds quickly by just plugging in the numbers. Calculate probability from oddsįortunately for ease and efficiency, you can find our conversion calculator which will do all of the work for you. Once you have gotten the odds from your percentage prediction, then you can go hunt around for those odds which represent the best value for you. This could be super useful when looking for Value Bets, where you assess your own chances of an outcome of a match. There is also the scenario of when you may need to convert a probability number to odds. Most totals like this on the outcome of a sports event will calculate out to around between 103% and 105% which is the margin that the bookmakers run. What we mean by that as if you were to calculate odds to percentages on each of the three outcomes for the Liverpool v PSG game we are using as an example, it wouldn’t total 100%. Remember that when you are converting odds to percentages then there is always a bookmaker percentage worked into the deal. So it is all important stuff to know because you want to know the probability of what your money is going down on. Let’s stick with the Liverpool 2.20 odds.ġ / 2.20 = 0.45 0.45 multiplied by 100 = 45% Converting decimal odds to percentages It is a simple formula of 1 divided by decimal odds multiplied by 100. The decimal odds on our Liverpool v PSG game are Liverpool 2.20, draw 3.60 and PSG 3.10 It is a little bit less cumbersome in converting decimal odds to probability as well. Many punters like reading odds presented in the decimal format because it simply tells you what you are going to get returned to you from a bet, including the stake. Try our simple Betting Calculator! Convert decimal odds to probability

Sports bettings odds calculator