Different sportsbooks display odds differently. If you're used to American odds (-110, +150) from DraftKings, Latin American sportsbooks might confuse you with decimal odds (1.91, 2.50). Here's how each format works.
AMERICAN ODDS (+/-)
How It Works
Negative (-) = How much to bet to win $100
Positive (+) = How much you win on a $100 bet
+150: Bet $100 to win $150 (profit)
Used by: US sportsbooks (DraftKings, FanDuel, etc.)
DECIMAL ODDS (1.50, 2.50)
How It Works
Multiply your stake by the odds to get total return (includes original stake)
Stake: $100
Total Return: $100 × 2.50 = $250
Profit: $250 - $100 = $150
Used by: Most Latin American sportsbooks (Betsson, bet365, Stake, Codere)
FRACTIONAL ODDS (3/1, 1/2)
How It Works
The fraction shows profit relative to stake (profit/stake)
1/2: Win $1 for every $2 bet
Used by: UK bookmakers (rarely used in Latin America)
CONVERSION TABLE
| American | Decimal | Fractional | Implied Probability |
|---|---|---|---|
| -200 | 1.50 | 1/2 | 66.7% |
| -150 | 1.67 | 2/3 | 60% |
| -110 | 1.91 | 10/11 | 52.4% |
| +100 | 2.00 | 1/1 (Evens) | 50% |
| +150 | 2.50 | 3/2 | 40% |
| +200 | 3.00 | 2/1 | 33.3% |
QUICK CONVERSION FORMULAS
American to Decimal:
Positive: (American/100) + 1
Negative: (100/|American|) + 1
Decimal to American:
If decimal ≥ 2.00: (Decimal - 1) × 100
If decimal < 2.00: -100 / (Decimal - 1)
TIP: CHANGE SETTINGS
Most Latin American sportsbooks let you switch odds format in settings. If you prefer American odds, look for "Odds Display" or "Preferences" in your account settings. Betsson, bet365, and Stake all offer this option.