Overview
This tool converts between different odds formats (Decimal, Moneyline, Fractional) and implied probability percentages.
Why it Matters
Prediction markets trade in probabilities (0-100 cents), but external information often comes in other formats (e.g., sports betting odds). Converting them helps you spot discrepancies and value.
Formulas
- Decimal to %:
(1 / Decimal Odds) * 100 - Moneyline (+):
100 / (Moneyline + 100) * 100 - Moneyline (-):
Moneyline / (Moneyline + 100) * 100