Originally Posted by
picoman
american odds is pretty easy. +130 means you win 130 for 100 wager, and -140 means you win 100 for 140 wager.
the formula to convert it to decimal odds is for all plus money odds, you just add 100 and divide it by 100. for example, +130 will be 2.30 in decimal odds.
for minus money, the math gets a bit harder. divid it by 100, take the inverse and add 1. for example, -140 will be 1.71 in decimal pricing.
To make it explicit:
For US odds ≤ -100:
Code:
100
Decimal odds = 1 - -----------
US Odds
For US odds ≥ +100:
Code:
US Odds
Decimal odds = 1 + -----------
100
And to convert from decimal to US:
Code:
For decimal odds ≥ 2: US = 100×(decimal-1)
For decimal odds < 2: US = -100 (decimal-1)
Originally Posted by
picoman
does anyone know the rational behind the decimal system? i am still puzzled why 2 is the even money bet? why don't they make 1 the even money bet, so you don't have to add one when you go from american to decimal.
The rationale is rather straightforward. Decimal odds represent the dollar amount returned to you on a win off a 1-unit bet including your original stake. For example:- If decimal odds were 2.00 (US: +100), this would mean that if you were to bet $1.00 and win you'd be returned $2.00 ($1.00 in winnings plus your $1 original bet).
- If decimal odds were 1.50 (US: -200), this would mean that if you were to bet $1.00 and win you'd be returned $1.50 ($0.50 in winnings plus your $1 original bet).