Odds converter
The odd at betting is the coefficient that will show you the probability for winning the bet. Reading the odds will make you understand how much you can win from a bet. There are different ways used for displaying odds and it can be confusing for some bettors. You can use our tool below to easily convert the odds between different types. Moreover, you should open a betting account with the best betting agent! They provide accounts where you can customize the odds displayed on the account according to your liking.
The different odds formats
Decimal odds
Decimal odds are the most popular types of odds in Europe. As the name suggests they are written as a decimal number. For instance, when you place a $100 bet at decimal odd 1.50 your potential pay-out is $150. Therefore, if the bet is won $150 will be returned to your balance ($100 being your stake and $50 the profit for the bet).
Fractional odds
The type of odds where the bettor’s return is expressed as a fraction. This means that if you bet on an event with 2/1 fractional odds, you can potentially win two units for every unit wagered. The denominator (bottom number) in this example represents the amount staked and the numerator (top number) indicates how much can be won from this wager. In this case winning £2 for each £1 staked.
American odds
These are mostly used by bookmakers operating from North America. Generally, the odds can be expressed as (+) positive or (-) negative numbers. Therefore, the positive odds express how much you can win if you bet $100. Meanwhile, the negative odds show how much you risk in order to win $100.
Hong Kong odds
A type of betting odds format that is expressed in decimal numbers. These odds represent the amount you stand to win if you wager on an event, with the stake included in the return. For example, if Hong Kong Odds were 2.00 this would mean for every dollar bet, two dollars will be returned (including your original stake).
Indo odds
Indo are the most popular types of odds used in Indonesia as the title suggests. They are likewise to fractional odds used in the UK and Europe, but expressed in decimal numbers which makes them easier for bettors to read and understand.
Malay Odds
The odds are displayed as positive and negative numbers. The coefficients indicate the likelihood of an event to happen. The odds in this system use two different calculations: when a number is positive, it indicates that the pay-out will be equal to the stake multiplied by the odds; and when it’s negative, then it means that the pay-out doubles your original stake.
We designed the tool that allows you to easily compare the different types of odds offered by bookmakers. To use it, just fill in the odd in any of the box. The tool will automatically convert the odd to the other ones. In addition, if you select a stake you can also see right away the potential pay-out and profit.
In short, with only a few clicks and inserting a few numbers you will receive the coefficients converted. The results are received instantly and using the tool is much more accurate than doing the calculations manually. You probably have a preferred type of odd already, but were you ever curios about the other types? If you want to experiment and bet on different types of odds, you should open a VIP-IBC account. The platform allows changing the style of odds with one click in the settings.
