Odds Converter: American, Decimal, Fractional, And Implied Probability

Last updated: July 13, 2026

TL;DR

An odds converter takes one price and shows you the same bet in every format: American (the +150 / -110 you see at most U.S. books), decimal (2.50), fractional (3/2), and implied probability (the percent chance the price is built on). They all describe the identical payout, just written three different ways, plus the probability hiding underneath. The fastest way to convert is the table below, but the reason converting matters is the fourth column: implied probability is the book's price expressed as a percent, and once you can read that percent, you can tell whether a bet is actually priced in your favor. This guide gives you the conversion table, the formulas for doing it by hand, and a worked example of turning a price into a value decision.

The Odds Conversion Table

Here are the most common prices in all four formats. Decimal odds and implied probability are rounded to two places, the way a sportsbook or calculator would display them; fractional odds are shown in their conventional ratio form (10/11, 3/2, and so on).

The OddsShopper +EV Screen.

American	Decimal	Fractional	Implied Probability
-300	1.33	1/3	75.00%
-200	1.50	1/2	66.67%
-150	1.67	2/3	60.00%
-110	1.91	10/11	52.38%
+100 (Even)	2.00	1/1	50.00%
+120	2.20	6/5	45.45%
+150	2.50	3/2	40.00%
+200	3.00	2/1	33.33%
+220	3.20	11/5	31.25%
+300	4.00	3/1	25.00%
+500	6.00	5/1	16.67%

Notice the pattern in the last column. The bigger the underdog price, the smaller its implied probability, which means a longer-shot bet pays more for the same stake. Hold onto that, because it is the whole reason converting odds is worth your time.

How To Convert American Odds By Hand

American odds are built around a $100 bet. A positive number (+150) is how much profit a $100 stake returns; a negative number (-150) is how much you must stake to win $100.

For the negative-odds formulas below, drop the minus sign and use the number on its own (so -150 goes in as 150).

American to decimal:

• Positive odds: (odds / 100) + 1. So +150 becomes (150 / 100) + 1 = 2.50.
• Negative odds: (100 / odds) + 1. So -150 becomes (100 / 150) + 1 = 1.67.

American to implied probability:

• Positive odds: 100 / (odds + 100). So +150 becomes 100 / 250 = 40.0%.
• Negative odds: odds / (odds + 100). So -150 becomes 150 / 250 = 60.0%.

American to fractional: convert to decimal first, subtract 1, then write the result as a fraction. +150 is decimal 2.50, minus 1 is 1.5, which is 3/2.

How To Convert Decimal Odds By Hand

Decimal odds show your total return per $1 staked, the profit and your original stake together. Decimal 2.50 means a $1 bet returns $2.50 total: $1.50 profit plus your $1 back.

• Decimal To Implied Probability: 1 / decimal. So 2.50 becomes 1 / 2.50 = 40.0%. This is the cleanest conversion in betting, which is one reason sharp bettors and most of the rest of the world prefer decimal.
• Decimal To American: if the decimal is 2.00 or higher, (decimal - 1) × 100. So 2.50 becomes 1.5 × 100 = +150. If it is below 2.00, -100 / (decimal - 1). So 1.50 becomes -100 / 0.5 = -200.
• Decimal To Fractional: subtract 1 and express as a fraction. 2.50 becomes 1.5, or 3/2.

How To Convert Fractional Odds By Hand

Fractional odds, common in the UK and in horse racing, show profit relative to stake. 3/2 means you win 3 units for every 2 you risk.

• Fractional To Decimal: divide the fraction and add 1. 3/2 is 1.5, plus 1 is 2.50.
• Fractional To Implied Probability: denominator / (numerator + denominator). So 3/2 becomes 2 / 5 = 40.0%.
• Fractional To American: convert to decimal, then use the decimal-to-American rule above.

Why Implied Probability Is The Column That Matters

The first three formats are just different ways to write the same payout. American, decimal, and fractional describe the exact same return, so converting between them is pure translation. The fourth column is different. Implied probability is the price restated as "how often this has to win for the book to break even," and that is the number you can actually have an opinion about.

Here is the move that separates bettors who win from bettors who don't. You convert the price to implied probability, then you compare it to your own estimate of how likely the outcome is. If you think a team wins more often than the price implies, the bet is priced in your favor. That gap is positive expected value, and it is the only durable edge in betting. Our guide on how to find +EV bets walks through it in full.

The shortcut: convert any price to a percentage, then ask one question. "Do I think this happens more often than that percent?" If yes — and especially once you have removed the vig and your estimate is grounded — it is a bet worth a closer look. If no, pass, no matter how much you like the team.

One Catch: The Vig Inflates Every Implied Probability

Add up both sides of a typical sportsbook market at one book and you will usually get more than 100%. A game priced -110 on each side converts to 52.38% and 52.38%, which sums to 104.76%. That extra 4.76% is the vig, the book's built-in margin, and it means the raw implied probability slightly overstates the book's true estimate. To get the book's actual no-vig probability you strip that margin out, which we cover in how to remove the vig. For a quick gut check the raw number is fine; for a real value decision, de-vig first.

A Worked Example: Turning A Price Into A Decision

Say you are looking at a baseball moneyline and your read is that the home team wins about 55% of the time. You check the price and the best number you can find is -110.

Convert -110 to implied probability: 110 / (110 + 100) = 110 / 210 = 52.4%.

Your estimate (55%) is higher than the price's implied probability (52.4%). The book is paying you as if this team wins 52.4% of the time, but you believe it wins 55% of the time. That roughly 2.6 percentage point gap is what creates positive expected value, as long as your 55% read is accurate. Betting grounded edges like this over a large sample is how you tilt the long-run math in your favor, though results still swing hard in the short term.

Flip it and the bet dies: at -150 the same team converts to 60.0% implied, which is above your 55% read. Same team, same game, but now the number is against you, so the right move is to pass.

That is the entire job of an odds converter. It is not about memorizing that 2.50 equals +150. It is about getting to the percent so you can compare it to what you actually believe.

Why The Best Number Matters

Go back to the table and look at what a better price is worth. The same $100 risk returns $150 profit at +150 but $220 at +220, because the bigger number carries a lower implied probability (40.0% versus 31.25%). You will not usually find the identical bet swinging that far between two books, but the principle holds at every scale: the higher the number you get on a bet you like, the more the same stake pays and the more implied value you capture. A few cents of better price, taken every time, is real money over a year.

This is why line shopping, comparing the same bet across sportsbooks and taking the best price, is one of the simplest ways to improve your expected price before you get into any handicapping. One book might post a team at +150 while another has it at +160 or +170, and on longshots or fast-moving markets the gap can be wider still. Converting lets you see instantly which price gives you the most implied value, and taking the higher number on every bet adds up over a season. (If you are new to reading prices, our how to read betting odds guide covers the basics first.)

That is the exact problem OddsShopper was built to solve. It scans every major sportsbook in real time and shows you, side by side, who has the best number on the bet you want, so you are never the bettor stuck on +150 when +170 was available one app over. You can compare live prices yourself on the OddsShopper odds screen.

New to OddsShopper? It scans every major sportsbook at once and highlights the bets priced in your favor, the same convert-and-compare math this guide just walked through, run automatically for you. You can try it free for 7 days, and code ODDS20 takes 20% off OS Pro if you subscribe: Start your free trial.

How OddsShopper Converts Odds For You

Doing the math by hand is good to understand, but you will not run these formulas before every bet. OddsShopper's tools convert every price for you and take the next step automatically:

• The odds screen shows the same bet across every major sportsbook so you can grab the best number without converting each one yourself.
• Portfolio EV converts each price to a true-odds probability, de-vigs it, and surfaces only the bets priced in your favor, so the convert-and-compare loop runs in the background.

You learn the mechanics here; the tools do the repetition. Take the -110 example from earlier: Portfolio EV converts that price to 52.4%, strips the vig to the market's true number, and surfaces the bet automatically when your projected win rate clears that line, so you are not re-running 110 / 210 before every play. Knowing why a number is good and having something that finds it across the board in seconds is what keeps you from taking a worse price than you had to.

Frequently Asked Questions

What does an odds converter do? It restates a single bet in every odds format: American (+150), decimal (2.50), fractional (3/2), and implied probability (40%). The first three are the same payout written differently; the implied probability is the percent chance the price is built on, which is the number you use to judge value.

How do you convert odds to implied probability? From decimal, divide 1 by the decimal odds (1 / 2.50 = 40%). From positive American odds, use 100 / (odds + 100). From negative American odds, drop the minus sign first, then use odds / (odds + 100) (so -150 becomes 150 / 250 = 60%). The result is the percent of the time the bet must win for the book to break even on it.

Why do the two sides of a game add up to more than 100%? That extra is the vig, the sportsbook's margin. Because each side's implied probability is slightly inflated by the hold, you remove the vig to get the book's true probability before judging a bet. See how to remove the vig.

Which odds format is best to use? Decimal is the easiest for the value math, since implied probability is just 1 divided by the decimal — that is why the worked example above jumps straight to the percentage. American is the U.S. standard you will see at most books, and fractional is common in the UK and horse racing. They all describe the same bet, so read in whichever you are fastest with and convert to the percentage when you need to judge value.

Does converting odds actually help me win? Not on its own. Converting to implied probability is what lets you compare a price to your own estimate (like the 55% read in the example above) and compare the same bet across books to take the best number. It sharpens your price decisions and it is the first step toward finding value, but it does not guarantee winning bets; your estimate and your discipline still do the heavy lifting.

The Bottom Line

Here is the whole discipline in one line: convert the number to a percentage, remove the vig before you trust it, and shop the same market across books. If your edge survives all three steps, the price is doing enough work to back the bet. If it disappears, pass, no matter how much you like the play. That sequence, not memorizing a table of equivalents, is what getting to the best number actually buys you.

New to OddsShopper? It runs that convert, de-vig, and compare sequence across every major sportsbook automatically. Try it free for 7 days, then 20% off OS Pro with code ODDS20: Start your free trial.