The formula to convert fractional odds to decimal is as follows: (numerator/denominator) + 1 = decimal odds. How do you convert fractional odds to American? For fractions greater than 1, the formula is as follows: (fractional value) * 100 = American odds.

To convert from odds to a probability, divide the odds by one plus the odds. So to convert odds of 1/9 to a probability, divide 1/9 by 10/9 to obtain the probability of 0.10.

One bettor won more than a half-million dollars by hitting an insane parlay during Championship Sunday in the NFL. The lucky winner turned their $20 site credit on FanDuel into $579,000 by correctly guessing the winners and exact score of both conference championship games. There's 55 555. There's just 55 555.

 To calculate your potential payout on an underdog, all you need to do is multiply your stakes (the amount of money you wagered) by the value resulting from the moneyline odds divided by 100. Put simply: Potential profit = Wager x (Odds/100).