Odds Converter – Convert Betting Odds
(Also known as British or Traditional )
Used mostly in horse racing and in the UK. Becoming less popular on the internet.
If you win your stakes, tell you that the quantity of gain proportional to your bet.
For example, if you gamble #10 at chances of 3/1, you receive profit should you win.
(Also known as European)
Common around the world but especially in Europe. On betting exchanges like Betfair standard.
If you win, including the yield of your stake, convey the amount you will receive.
As an instance, if you bet #10 at odds of 3.75, you will get #37.50 in complete if you win.
(Also known as American)
Used by US bookmakers.
Based on a single bet (on a single result, with no points spread)
If the moneyline is favorable, the amount quoted is the amount you would win on a $100 bet.
If it is negative, the amount quoted is what you would need to wager to win $100.