While fractional odds are common in the UK, decimal odds are widely used internationally due to their simplicity in interpretation. Let’s look at how you can convert fractional odds to decimal odds.
Understanding Fractional Odds
Fractional odds, typically used in the UK, represent the profit you stand to gain relative to your stake. They are expressed as a fraction – for example, 5/3. This means for every 3 units you bet, you would win 5 units if your bet is successful.
How to Convert Fractional Odds to Decimal?
Decimal Odds = (Numerator of the Fraction) / (Denominator of the Fraction) + 1
In other words, divide the numerator by the denominator and add 1.
Step-by-Step Conversion from Fractional Odds to Decimal
Let’s say the odds are 5/3.
So, decimal odds = 5 (Numerator) / 3 (Denominator) + 1
Decimal Odds = 5/3 + 1 = 1.67 + 1 = 2.67
Use our Fraction Odds to Decimal, American & Probability Converter
For a quicker, error-free conversion, use our online tool: Fraction Odds to Decimal, American, Probability (Converter), which seamlessly converts fractional odds to decimal, American odds, or even probability percentages.
Why Convert to Decimal Odds?
Decimal odds are generally easier to understand at a glance. They represent the total payout (including your stake) if your bet is successful. For instance, a decimal odd of 2.67 means you receive 2.67 units for every 1 unit wagered, including your initial stake, in case of a winning bet.