Odds calculator and converter
How to convert American odds
Negative odds (favorite): decimal = 1 + 100 / |odds|, so -110 is 1.91. Positive odds (underdog): decimal = 1 + odds / 100, so +150 is 2.50.
Implied probability is 1 divided by the decimal odds: -110 means 52.4%, +150 means 40%.
Payout and profit
Total payout = stake × decimal odds. Profit = payout minus stake. A $100 bet at -110 pays $190.91, a profit of $90.91.
Frequently asked questions
What does -110 mean?
You risk $110 to win $100. In decimal it is 1.91 and the implied probability is 52.4%.
What does +150 mean?
A $100 bet wins $150 in profit. In decimal it is 2.50 and the implied probability is 40%.
Is implied probability the real chance of winning?
No: it includes the sportsbook margin. Use the no-vig calculator to remove it and get the fair probability.
The Clutch terminal does these calculations for every NBA player prop, using Pinnacle's no-vig price as the reference. Free with an account.
Analyze in the terminal