Betting Tutorial: How to Calculate U.S. Odds to Decimal [Video]
There's some confusion between Canadian and American betting markets and the primary ways that both list the odds on sporting events.
Most American-based sportsbooks use moneyline betting. Many Canadian-based sportsbooks use decimal-based betting. SPREADS.CA offers both options. However, the primary method is decimal listing. Here on POINTSPREADS.CA, we go back and forth on this, occasionally using each method.
There's a site called UNDERDOG CHANCE that has a number of helpful tools for sports bettors. They recently released a detailed video on how to convert U.S. odds to decimal, and vice-versa. I thought it would be of interest to many readers to check out this tutorial on ways to calculate odds, using several examples.
Check it out:
For the math geeks out there who like to do things the old-fashioned way:
Convert decimal odds to US odds:
- =ifs(K>2, ((K-1(*100), K<2, (-100)/(K-1), K=2,"+100")
- K...decimal odds / example: 1.70
Convert US odds to decimal odds:
- =IFS(K<100,(abs(100/K))+1,K>100,(K/100)+1,K=100, 2, K=-100, 2)
- K...US odds / example: -120
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