# Odds Converter – Converts Betting Odds Formats

الأربعاء ١٣ نوفمبر ٢٠١٩

Bookies from around the world use different chances formats and this can be very perplexing. Canada and the United States use American Odds, also called Odds. In Europe most countries use Decimal Odds, also known as European Odds, except for the UK that uses Fractional Odds. In Asia there are chances formats; the majors being Hong Kong Odds, Indonesian Odds and Malay Odds. The good thing is that no matter what the payout for quantity, the odds format staked remains the same. I’ll explain more, but first note: with the odds converter into the left it is easy to convert one set of chances to all other formats.
What is Implied Probability?
Implied Probability is a wager needs to triumph to break even over the long haul. When betting at even money, if we win half our bets and loses half our stakes we had web even. Therefore the probability at even money is 50%. In case a bookie was giving us 2-to-1 and we shed twice and win once we’re even. Therefore at 2-to-1 the suggested probability is 33.33 percent. This really is the most significant fundamental concept in sports. All wagers have an indicated probability. A smart player calculates the likelihood a team is going to win (real chances ), then assesses the implied probability provided by the bookmaker. In case the implied probability the bookmaker is offering is significantly less than his calculated real possibility he bets, if not he does not bet.
Obviously it’s possible to use our odds converter on this page to figure the implied probability for any group of chances. However, when not having this particular page accessible it is helpful to be aware of the formula. Where return is stake + triumph, that formula is risk/return probability. For instance betting \$100 in 1/2 (American Opportunities: -200, Decimal Odds: 1.50) you’re risk \$100 to win \$50. In cases like this the return on a win is \$150 (your \$100 bet + \$50 win), and the indicated odds is \$100 Stake / \$150 Yield = 66.66%.