I learned it like I learned my times' table at school. This is not the most extensive guide to odds setting but does illustrate what I consider to be essential to find your "value" bets. It is a worthwhile exercise in creating your "own book" as it instils in you the need to always hunt for value, again for both pre-match betting and in-running betting. Many people are able to make their "own book" on sporting events and look for value within the odds and percentage odds.īy comparing their odds against those that the bookmaker is offering if they have a runner priced at (2/1 or 33%) and the bookmaker has gone (4/1 or 25%) chance, one might consider this price to be larger than the chances you have given the runner and are therefore getting a bigger price than you should. If you worked out a probability (percentage odds), you can convert probability to odds here too. You can either convert betting fraction to decimal odds, or vice versa, and you also can see the probability for each of the odds in either format too.Īlso, this is very handy when creating your own tissue prices. We know how important getting the right value is, the betting school article shows how you can become an expert in value betting.Īs a matter of fact, one of the guidelines we mention in the in-running betting basics article is quick decision making, if you know fractional, decimal and probability percentages this will surely assist you in making quick betting decisions when betting in running. It is useful for both pre-match value bets and in-running bets with the percentage odds giving you a proper understanding of the chances of the bets. This odds conversion table can work in many different ways for you when checking prices from bookmakers in the UK or making up your own prices.Įach betting market had odds and these odds convert not only fractional to decimal odds but depending on the type of odds you can also convert from decimal odds to fraction odds and then convert to probability.
Best Online Bookies For Your Betting Using Implied Probability Calculations.
#Fraction converter to percentage how to#
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