Sports Odds

Odds are presented using either the European format (decimal odds) or the American format (fractional odds). Below is a useful Excel formula for converting the odds from one format to another.

Fractional -> Decimal

IF(A1<0;ROUND(1+100/ABS(A1);2);(A1+100)/100)

Decimal -> Fractional

IF(A2<2;-ROUND(1/(A2-1)*100;0);IF(A2=2;”Even”;A2*100-100))

The odds are converted so, that if there’s a plus (+) in front of the American odd, the odd is divided by a hundred (100), and 1 is added to the fraction, for example: +120=1+(120/100)=2.20. If there’s a minus (-) in front, the 100 is divided by this odd and 1 is added to the fraction, for example: -120=1+(100/120)=1.83.

Source: Wikipedia Sportsbook

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