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Let's Break Down The Math
- Calculating Decimal Odds From American Odds: If the provided American odds are positive, convert them to decimal odds using the formula:
Decimal Odds = (American Odds / 100) + 1
If the American odds are negative, convert them using the formula:Decimal Odds = (100 / |American Odds|) + 1
- Calculating Implied Probabilty: Use this formula to calculate implied probability from decimal odds:
Percentage = 1 / Decimal Odds
- Calculating Fractional Odds: To calculate the numerator use the following formula:
Numerator = (Decimal Odds × 100) - 100
Simply set the denominator equal to 100Denominator = 100
Simplifying the Fraction: Next use the greatest common divisor (GCD) algorithm to find the largest number that divides both the numerator and denominator without leaving a remainder.
After finding the GCD, divide both the numerator and denominator by this common divisor to simplify the fraction.Numerator / Denominator
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