Ods converter

Thanks to our advanced conversion technology the quality of the output will be exactly the same as if the file was saved through the latest Microsoft Office suite. Although it is primarily associated with Open Office and Star Office, it is a universal spreadsheet format that can be used in both Open source spreadsheets and Microsoft Excel.

The spreadsheet can contain data on columns and rows. CloudConvert is your Swiss army knife for file conversions. We support nearly all audio, video, document, ebook, archive, image, spreadsheet, and presentation formats. Plus, you can use our online tool without downloading any software. Instead of using positive or negative values or fractional equations, decimal odds display a simple value that you multiply your bet amount by to not only calculate your profit money won but your overall return profit and original risk amount.

Fractional odds are most common in horse racing and futures markets. You can also define your odds conversion to a specific bet amount to see your expected profit if that wager should win. Odds with lower implied probability have larger risk and therefore pay out more compared to odds with higher implied probability and lower risk. For decimal odds of 2. For decimal odds between 1. Yes, our odds calculator shows the implied probability of winning your bet outright in an easy to read percentage.

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As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers. Enter the amount of money you plan to wager. To Win:? Enter the amount of money you want to win with your wager. And it is just as important when assessing the value that exists with regards to specific odds on a particular outcome. If the implied probability is less than your own assessed probability of a particular outcome occurring, that outcome represents a value betting opportunity.

If, however, you want to learn how to convert odds to implied probability and how to covert implied probability to various odds formats, please read on. This article explains in detail how to convert the three most popular odds formats in the world - decimal, fractional and American - into their implied probabilities and how to convert an implied probability into either of these odds formats.

Implied probability is the probability of the outcome if you assume the odds are correctly priced. It's up to you to decide if the bookie's assigned probability is good or bad for you to bet. First subtract 1 from the odd, then convert to a fraction with the odd as numerator and 1 as denominator. Then reduce this fraction to the simplest from.

For example, to convert 1. Before placing a bet you should always compare odds. A pro knows that when you place a bet you must have an advantage. Betting on the "feeling" is the strategy used by most amateurs and that's the reason why they keep loosing money. Ofcourse not! That's why having the best odd available is a key principle for making money with sports bets.

Keep in mind that when rounding values on odds converter you might see some discrepancies. For example, when you use an odds converter to convert decimal 1.