That will become second nature quickly.īut at first, you'll need to do some conversion, especially for favorites. The Bills at -200 (or 1.5 in decimal odds) would have an implied probability of 66.6%.ġ / 1.5 = 66.6% Converting American Odds to Decimal Oddsĭecimal odds start to look familiar when you've seen them enough.įor example, an NFL point spread at -110 is 1.91. What's the implied probability of the Dolphins at +160 (or 2.5 in decimal odds)?

I promised converting decimal odds to implied probabilities was easy. How to Convert Decimal Odds to Implied Probability

It's the same whether you're working with an underdog or favorite.Ĭonverting American odds to implied probabilities requires slightly different formulas for favorites and underdogs.įor decimals, it's the same no matter what you're betting.Īnother reason to use decimal odds is that they're based around betting $1 and scale up and down easily, instead of being based on betting $100 like American odds. The biggest reason to switch to decimal odds is because the conversion to probabilities is so easy.

Bettors can keep an eye on betting activity and distribution with our NFL Public Betting data.

If you would like to learn more about betting on football, here is a recommended resource list to help you bet smartly: If the Bills win, he'll get $20 back and profit $10 for a total of $30. Your pal Norman wants to bet $10 on the Bills moneyline (-200 in American odds) in that same game. That $26 represents the $16 you'd profit from a Dolphins win, plus your original $10 back. Let's say you want to bet $10 on the Miami Dolphins moneyline (+160 in American odds) against the Buffalo Bills.

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