Convert American, decimal, and fractional betting odds, calculate payout returns, and model probability distributions.
Convert American, Decimal, and Fractional betting odds, calculate implied win probability, profit, and total payout.
Calculate boxing fight moneyline odds, implied victory percentages, and fight bet payouts across weight divisions.
Calculate laps remaining, training hours, XP rates, and Marks of Grace for Old School RuneScape Rooftop Agility courses.
For positive odds (+150): Decimal = (Odds / 100) + 1 = 2.50. For negative odds (-200): Decimal = (100 / |Odds|) + 1 = 1.50.
Implied probability is the chance of an outcome winning implied by the bookmaker odds: for positive odds, 100 / (Odds + 100); for negative odds, |Odds| / (|Odds| + 100).
The vig is the mathematical margin bookmakers charge. Summing the implied probabilities of all outcomes yields a total above 100% (e.g. 104.5%), with the excess representing the bookmaker margin.