Convert fraction to decimal x 100 =American odds (11/4) + 1 = 3.75 (11/4) x 100 = 2.75 x 100 = 275 Carrying on in this scenario lets look at the 11/4 odds on the draw. 4 divided by 15 (11 + 4) = .026 multiplied by 100 = 26.6% chance of a draw. For Real Madrid at 4/1 it would be 1 divided 5 (1 + 4) = 0.25 multiplied by 100 = 25%. So there are the probability outcomes for the match. They are referring to the odds of winning (the show, in this case); 11/4 is the ratio and is read as "eleven to four" and bookies (short for bookmakers) are those that take the bets. Max is favoured to win the show, with the fixed odds of 11 to 4. I would have written the phrase as "who is a bookie's favourite to win 11/4." Betting odds of 4/1 would equate to 5.0 in decimal terms, 5/1 would be 6.0, and so forth. See the chart below for a breakdown of betting odds in both fractional and decimal format, showing forecasted returns to £5 level stakes for the key prices in a market. For example, the exact mathematical equivalent of decimal odds 30 is fractional odds 29/1. However 29/1 is not used in betting markets, instead 30/1 is used, so that is what appears in this converter. For an explanation of the odds types on this table see decimal, fractional and American odds. Odds Conversion Table. Convert odds between Fractional, American and Decimal format and see the implied odds at each. Learn how to convert betting odds using our odds conversion formulas. Favorite Answer. That means for every 4 units you bet, you win 11. So, 4 would win 11, 8 would win 22, etc. To figure out the payoff, just multiply your bet by 11/4, or 2.75. So, if your bet was... Betting odds have included overrounds even when the first bookies starting taking bets at the trackside. Armed with this knowledge of how the bookmakers set their odds, you can concentrate on finding value. That is, finding a bet where you believe the odds (and therefore the implied probability) is too big. moneyline odds, fractional odds show how much potential profit you can make. To calculate the total potential payout, you have to add your original stake. As the name suggests, these odds are displayed as a fraction. A simple example is 3/1, which is said as “three to one”. 5/1 is said as “five to one”, and so on. With 3/1, you can win To read odds, start by finding 2 numbers separated by a dash. These 2 numbers are the odds, and you can turn them into a fraction to figure out the amount of profit you will make per dollar spent. For example, you might see 3-5 odds. Odds of 3-5 indicate that your profit will be three-fifths of a dollar.
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