How do you calculate odds in sports betting?

When you look at odds, they’re essentially a way to express implied probability. For example, decimal odds of 2.00 equal a 50% chance, while fractional odds like 1/1 represent the same. American odds work differently by showing how much profit you’d make on a $100 stake (+150 means $150 profit). To understand returns clearly, tools like Pay Calculator can help break down percentages and conversions across formats so you can compare value more accurately.