Odds Converter
Converts between all major odds formats and implied probability instantly.
How it works
Inputs
- Odds in any format (decimal, American, fractional, or probability)
Results
- All four formats
- Implied probability
- Payout on $100 stake
When to use
Use when you need to quickly convert odds between formats for comparison.
Example
2.50 decimal = +150 American = 3/2 fractional = 40% implied probability.
Frequently Asked Questions
What odds format does Australia use?
Australian bookmakers use decimal odds (e.g. 2.50). This means a $100 bet returns $250 total ($150 profit). American odds (+150) and fractional odds (3/2) represent the same price.
How do I calculate implied probability from odds?
Divide 1 by the decimal odds. For example, 2.50 odds = 1/2.50 = 0.40 = 40% implied probability. This is the probability the bookmaker is pricing into the market.
Need live odds data?
HyperOdds automatically finds the best odds across all major Australian bookmakers in real-time.