What we mean by that as if you were to calculate odds to percentages on each of the three outcomes for the Liverpool v PSG game we are using as an example, it wouldn’t total 100%. Remember that when you are converting odds to percentages then there is always a bookmaker percentage worked into the deal. So it is all important stuff to know because you want to know the probability of what your money is going down on. Let’s stick with the Liverpool 2.20 odds.ġ / 2.20 = 0.45 0.45 multiplied by 100 = 45% Converting decimal odds to percentages It is a simple formula of 1 divided by decimal odds multiplied by 100. The decimal odds on our Liverpool v PSG game are Liverpool 2.20, draw 3.60 and PSG 3.10 It is a little bit less cumbersome in converting decimal odds to probability as well. Many punters like reading odds presented in the decimal format because it simply tells you what you are going to get returned to you from a bet, including the stake. Try our simple Betting Calculator! Convert decimal odds to probability
